LegalizeReform history
Income and Corporation Taxes Act 1988
100 versions
· 1988-02-09
2022-07-14
Income and Corporation Taxes Act 1988
2019-07-05
Income and Corporation Taxes Act 1988
2019-02-12
Income and Corporation Taxes Act 1988
2017-11-16
Income and Corporation Taxes Act 1988
2017-04-27
Income and Corporation Taxes Act 1988
2017-04-06
Income and Corporation Taxes Act 1988
2016-12-14
Income and Corporation Taxes Act 1988
2016-09-15
Income and Corporation Taxes Act 1988
2016-08-12
Income and Corporation Taxes Act 1988
2016-06-16
Income and Corporation Taxes Act 1988
2015-03-26
Income and Corporation Taxes Act 1988
2015-02-12
Income and Corporation Taxes Act 1988
2014-08-01
Income and Corporation Taxes Act 1988
2014-07-17
Income and Corporation Taxes Act 1988
2014-01-01
Income and Corporation Taxes Act 1988
2013-07-17
Income and Corporation Taxes Act 1988
2013-04-06
Income and Corporation Taxes Act 1988
2012-07-17
Income and Corporation Taxes Act 1988
2012-04-01
Income and Corporation Taxes Act 1988
2012-03-14
Income and Corporation Taxes Act 1988
2011-08-11
Income and Corporation Taxes Act 1988
2011-07-19
Income and Corporation Taxes Act 1988
2011-06-16
Income and Corporation Taxes Act 1988
2011-02-25
Income and Corporation Taxes Act 1988
2010-12-16
Income and Corporation Taxes Act 1988
2010-10-01
Income and Corporation Taxes Act 1988
2010-07-27
Income and Corporation Taxes Act 1988
2010-04-08
Income and Corporation Taxes Act 1988
2010-04-01
Income and Corporation Taxes Act 1988
2009-12-01
Income and Corporation Taxes Act 1988
2009-11-11
Income and Corporation Taxes Act 1988
2009-10-01
Income and Corporation Taxes Act 1988
2009-09-01
Income and Corporation Taxes Act 1988
2009-08-13
Income and Corporation Taxes Act 1988
2009-07-21
Income and Corporation Taxes Act 1988
2009-06-01
Income and Corporation Taxes Act 1988
2009-04-23
Income and Corporation Taxes Act 1988
2009-04-22
Income and Corporation Taxes Act 1988
2009-04-06
Income and Corporation Taxes Act 1988
2009-04-01
Income and Corporation Taxes Act 1988
2009-02-21
Income and Corporation Taxes Act 1988
2009-02-03
Income and Corporation Taxes Act 1988
2009-01-01
Income and Corporation Taxes Act 1988
2008-12-27
Income and Corporation Taxes Act 1988
2008-12-01
Income and Corporation Taxes Act 1988
2008-10-29
Income and Corporation Taxes Act 1988
2008-10-28
Income and Corporation Taxes Act 1988
2008-09-08
Income and Corporation Taxes Act 1988
2008-08-12
Income and Corporation Taxes Act 1988
2008-07-22
Income and Corporation Taxes Act 1988
2008-07-21
Income and Corporation Taxes Act 1988
2008-07-08
Income and Corporation Taxes Act 1988
2008-07-01
Income and Corporation Taxes Act 1988
2008-04-06
Income and Corporation Taxes Act 1988
2008-04-01
Income and Corporation Taxes Act 1988
2008-02-19
Income and Corporation Taxes Act 1988
2008-01-03
Income and Corporation Taxes Act 1988
2008-01-01
Income and Corporation Taxes Act 1988
2007-12-28
Income and Corporation Taxes Act 1988
2007-12-27
Income and Corporation Taxes Act 1988
2007-12-06
Income and Corporation Taxes Act 1988
2007-11-29
Income and Corporation Taxes Act 1988
2007-10-01
Income and Corporation Taxes Act 1988
2007-09-01
Income and Corporation Taxes Act 1988
2007-08-14
Income and Corporation Taxes Act 1988
2007-08-13
Income and Corporation Taxes Act 1988
2007-07-19
Income and Corporation Taxes Act 1988
2007-07-17
Income and Corporation Taxes Act 1988
2007-04-17
Income and Corporation Taxes Act 1988
2007-04-06
Income and Corporation Taxes Act 1988
2007-04-01
Income and Corporation Taxes Act 1988
2007-03-29
Income and Corporation Taxes Act 1988
2007-03-21
Income and Corporation Taxes Act 1988
2007-03-01
Income and Corporation Taxes Act 1988
2007-01-08
Income and Corporation Taxes Act 1988
2007-01-01
Income and Corporation Taxes Act 1988
Changes on 2007-01-01
@@ -4,7 +4,7 @@
### Income tax
#### Case V income from land outside UK: corporation tax.
#### Computation of income tax where no profits in year of assessment.
##### 1
@@ -110,7 +110,7 @@
### Corporation tax
#### Spouses and civil partners.
#### Restriction on withdrawal of relief under section 303.
##### 6
@@ -168,7 +168,7 @@
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Manner of making allowances and charges.
#### Capital sums: . . . winding up or partnership change.
##### 9
@@ -206,13 +206,13 @@
- (6) The provisions of the Income Tax Acts applied by this section do not include sections 1 to 5, . . . Part VII or sections 348 to 350 of this Act; and nothing in this section shall be taken to mean that income arising in any period is to be computed by reference to any other period (except in so far as this results from apportioning to different parts of a period income of the whole period).
#### Exemptions and reliefs in respect of income from investments etc. of certain pension schemes.
#### Interpretation.
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Returns where it is not established whether acceptable distribution policy applies.
#### Reduction in chargeable profits: failure to qualify for exemptions
##### 11
@@ -10810,15 +10810,21 @@
##### 462
- (1) Subject to subsections (2) to (4) below, section 460(1) shall not apply to so much of the profits arising from tax exempt life or endowment business as is attributable to a policy which, by virtue of paragraph 6(2) of Schedule 15—
- (a) is not a qualifying policy; and
- (b) would not be a qualifying policy if all policies with other friendly societies were left out of account.
- (2) Section 460(2)(a) or (aa) and subsection (1) above shall not withdraw exemption under section 460(1) for profits arising from any part of a life or endowment business relating to contracts made not later than 3rd May 1966.
- (3) If, with respect to a policy issued in respect of an insurance made on or after 1st June 1984 and before 19th March 1985 for the assurance of a gross sum, there is or has been an infringement of any of the conditions in paragraph 3(2) to (11) of Schedule 15, section 460(1) shall not apply to so much as is attributable to that policy of the profits of the friendly society or registered branch concerned which arise from tax exempt life or endowment business.
- (1) Subject to subsections (2) to (4) below, section 460 does not afford any exemption from corporation tax in relation to so much of the profits arising to a friendly society or insurance company from any business as is attributable to a policy which—
- (a) is not a qualifying policy (by virtue of sub-paragraph (2) of paragraph 6 of Schedule 15) and is not an excluded policy, and
- (b) would not be a qualifying policy (by virtue of that sub-paragraph) if all excluded policies were left out of account.
- (1A) For the purposes of subsection (1) above a policy is an excluded policy if—
- (a) it is a policy held otherwise than with the friendly society or insurance company, or
- (b) the person who has the contract effecting the policy acquired the rights under it on an assignment (or, in Scotland, assignation) otherwise than for money or money's worth.
- (2) Section 460(2)(a) or (aa) and subsection (1) above shall not withdraw exemption in relation to profits arising from any part of a business relating to contracts made not later than 3rd May 1966.
- (3) If, with respect to a policy issued in respect of an insurance made on or after 1st June 1984 and before 19th March 1985 for the assurance of a gross sum, there is or has been an infringement of any of the conditions in paragraph 3(2) to (11) of Schedule 15, section 460 does not afford any exemption from corporation tax in relation to so much as is attributable to that policy of the profits of the friendly society or insurance company concerned.
- (4) Nothing in subsection (3) above shall be taken to affect the status of a policy as a qualifying policy.
@@ -20227,7 +20233,9 @@
- (da) a payment of a tax credit falls to be made to a company under Schedule 13 to the Finance Act 2002 in respect of an accounting period, or
- (e) a payment of land remediation tax credit or life assurance company tax credit falls to be made to a company under Schedule 22 to the Finance Act 2001 in respect of an accounting period,
- (e) a payment of land remediation tax credit or life assurance company tax credit falls to be made to a company under Schedule 22 to the Finance Act 2001 in respect of an accounting period; or
- (f) a payment of film tax credit falls to be made to a company.
then, from the material date until the order for repayment or payment is issued, the repayment or payment shall carry interest at the rate which, under section 89 of the Management Act, is for the time being the prescribed rate for the purposes of this section.
@@ -20261,6 +20269,14 @@
For this purpose “*the filing date*”, in relation to a company tax return, has the same meaning as in Schedule 18 to the Finance Act 1998.
- (3C) In relation to a payment of film tax credit the material date is whichever is the later of—
- (a) the filing date for the company's company tax return for the accounting period for which the tax credit is payable, and
- (b) the date on which the company tax return or amended company tax return containing the claim for payment is delivered to an officer of Revenue and Customs.
For this purpose “*the filing date*”, in relation to a company tax return, has the same meaning as in Schedule 18 to the Finance Act 1998.
- (4) For the purposes of this section a repayment of tax made on a claim under section 419(4) shall be treated as if it were a repayment of corporation tax for the accounting period in which the event giving rise to entitlement to relief under section 419(4) occurred but, in relation to such a repayment of tax, the material date for the purposes of this section is—
- (a) the date when the entitlement to relief in respect of the repayment accrued, that is to say—
@@ -20337,13 +20353,13 @@
- (8A) Where—
- (a) interest has been paid to a company under subsection (1)(a) , (d), (da)or (e) above,
- (a) interest has been paid to a company under subsection (1)(a) , (d), (da), (e) or (f) above,
- (b) there is—
- (i) a change in the company’s assessed liability to corporation tax, or
- (ii) a change in the amount of the R&D tax credit , tax credit under Schedule 13 to the Finance Act 2002, land remediation tax credit or life assurance company tax credit payable to the company (which does not result in a change falling within sub-paragraph (i)),
- (ii) a change in the amount of the R&D tax credit , tax credit under Schedule 13 to the Finance Act 2002, land remediation tax credit or life assurance company tax creditor film tax credit payable to the company (which does not result in a change falling within sub-paragraph (i)),
other than a change which in whole or in part corrects an error made by the Board or an officer of the Board, and
@@ -20359,7 +20375,7 @@
whether or not any previous assessment or determination has been made.
- (8BA) For the purposes of subsection (8A)(b) above, the cases where there is a change in the amount of the R&D tax credit , tax credit under Schedule 13 to the Finance Act 2002, the land remediation tax credit or the life assurance company tax credit payable to the company are those cases where an assessment, or an amendment to an assessment, is made to recover an amount of R&D tax credit , tax credit under Schedule 13 to the Finance Act 2002, land remediation tax credit or life assurance company tax credit paid to the company for the accounting period in question.
- (8BA) For the purposes of subsection (8A)(b) above, the cases where there is a change in the amount of the R&D tax credit , tax credit under Schedule 13 to the Finance Act 2002, the land remediation tax credit or the life assurance company tax creditor film tax credit payable to the company are those cases where an assessment, or an amendment to an assessment, is made to recover an amount of R&D tax credit , tax credit under Schedule 13 to the Finance Act 2002, land remediation tax credit or life assurance company tax creditor film tax credit paid to the company for the accounting period in question.
- (8C) In subsection (8A)(b) above “*error*” includes—
@@ -27764,7 +27780,7 @@
## SCHEDULE 31
#### Application of lower rate to income from savings and distributions.
#### The charge to income tax.
##### 1A
@@ -28154,7 +28170,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schedule A.
#### Advance corporation tax and qualifying distributions.
### Connected persons
@@ -28316,7 +28332,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schedule F.
#### Schedule E.
##### 56A
@@ -28820,7 +28836,7 @@
- (3) Relevant expenditure is expenditure incurred in making to the agent any payment in respect of expenses which have been or are to be incurred by the agent in connection with his functions under the scheme.
#### Saving for pre-1963 leases, and special relief for individuals.
#### Rules for ascertaining duration of leases.
##### 87A
@@ -28840,7 +28856,7 @@
- “taxed receipt” (see section 287(4) of that Act).
#### Appeals against determinations under sections 34 to 36 or Chapter 4 of Part 3 of ITTOIA 2005.
#### Relief for rent etc. not paid.
##### 88A
@@ -29490,7 +29506,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treasury directions as respects Northern Ireland securities.
#### Commencement of direction under section 50 or 51.
### Limited liability partnerships
@@ -30018,7 +30034,7 @@
#### Payments to Export Credit Guarantee Department.
#### Paying agents.
#### Definitions.
##### 140A
@@ -33574,7 +33590,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Relief for contributions in respect of share option gains.
#### Exemptions from section 148.
##### 440A
@@ -34060,7 +34076,7 @@
- (13) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Relief for necessary expenses.
##### 432F
@@ -34112,7 +34128,7 @@
- (8) Condition C is that the surplus arising since the last valuation shown in line 34 of the Form 58 of the non-profit fund, or any of the non-profit funds, in relation to which condition A or B is met in the periodical return for the current period of account is a negative amount.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Application of lower rate to company distributions.
##### 434AZB
@@ -35754,11 +35770,11 @@
- (a) section 460(1) shall apply to profits arising from life or endowment business which would have been included in the society’s tax exempt life or endowment business had no account been taken of the contracts to which the election relates, and
- (b) section 462(1), in its application to the society, shall have effect with the insertion after “societies” of “and all policies issued in pursuance of contracts to which an election under section 462A(1) or (2) relates”.
- (b) section 462(1), in its application to the society, shall have effect with the insertion after “policies” of “and all policies issued in pursuance of contracts to which an election under section 462A(1) or (2) relates”.
- (9) If a friendly society which (or a branch of which) has made an election under subsection (1) or (2) above becomes an incorporated friendly society, the election shall have effect in relation to the incorporated friendly society as it had effect in relation to the society (or branch) which made the election (and accordingly, in relation to accounting periods of the incorporated friendly society, “*the society*” in subsection (8)(a) and (b) above shall be read as referring to the incorporated friendly society).
#### Tax credits for certain recipients of qualifying distributions.
#### Dividend or bonus granted by industrial and provident society
##### 465A
@@ -35780,7 +35796,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.
#### Restrictions on the use of tax credits by pension funds.
##### 468C
@@ -35834,7 +35850,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax credits for non-U.K. residents.
#### Consequences of certain arrangements to pass on the value of a tax credit.
##### 468M
@@ -36054,13 +36070,13 @@
- (4) For the purposes of this section, crediting interest shall be treated as paying it.
#### Procedure for making election.
#### Election by company paying dividend.
##### 480C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of cash dividend retained and then later paid out
#### Application of sections 251B and 251C
##### 482A
@@ -36134,7 +36150,7 @@
Schedule 19C to this Act (ring fence expenditure supplement) shall have effect.
#### “Gross rate” and “gross amount” of distributions to include ACT.
#### Interpretation of Part VI.
##### 501A
@@ -37006,9 +37022,9 @@
#### Transfer of relief under section 257A.
#### Indexation of amounts in sections 257 , 257A and 257AB.
#### Life assurance premiums paid by employer
#### Transfer of relief under section 257A.
#### Life assurance premiums.
#### Expenditure and houses of ministers of religion.
@@ -37980,7 +37996,7 @@
- (9) In section 195 of ITA 2007 as applied by subsection (7) for the purposes mentioned in subsection (8), references to the issuing company are to be read as references to the company mentioned in subsection (1).
#### Form of relief.
#### Eligibility for relief.
##### 576C
@@ -38192,7 +38208,7 @@
- (5) For the purposes of the definition of “trading group” in subsection (1), any trade carried on by a subsidiary which is an excluded company is treated as not constituting a trade.
#### Individuals qualifying for relief.
#### Restriction of relief where amounts raised exceed permitted maximum.
##### 577A
@@ -38298,7 +38314,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Valuation of interests in land for purposes of section 294(1)(b).
#### Companies with interests in land.
##### 581A
@@ -38600,7 +38616,7 @@
- (12) This section shall be construed as one with section 587B.
#### Divers and diving supervisors.
#### Taxation of consideration for certain restrictive undertakings.
##### 589A
@@ -38690,7 +38706,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Charges on income: interest payable to non-residents.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 596A
@@ -38922,7 +38938,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exceptions to section 349 for payments between companies etc
#### Extension of section 349: proceeds of sale of UK patent rights
#### The conditions mentioned in section 349A(1)
@@ -39540,11 +39556,11 @@
- (4) For the purposes of this section “proceedings in Northern Ireland” means proceedings as respects which the place given by the rules in Schedule 3 to the Management Act is in Northern Ireland.
#### Section 349A(1): consequences of reasonable but incorrect belief
#### Loan to buy machinery or plant.
#### Loan to buy life annuity.
#### Directions disapplying section 349A(1)
#### Relief where borrower deceased.
#### Loan to pay inheritance tax.
##### 722A
@@ -39634,7 +39650,7 @@
notwithstanding that it was not he who sold them.
#### Interest ceasing to be relevant loan interest, etc.
#### Interest which never has been relevant loan interest etc.
##### 730A
@@ -40446,7 +40462,7 @@
- “*relevant transactions*” means—the transfer, andany associated operations.
#### Set-off against general income.
#### Losses from overseas property business.
##### 747A
@@ -40668,7 +40684,7 @@
- (b) they are otherwise directed by the company to perform duties on its behalf in the territory.
#### Carry-forward against subsequent profits.
#### Restriction of set-off of allowances against general income
##### 751AA
@@ -40832,7 +40848,7 @@
- (6) “*Relevant transaction*” has the meaning given by paragraph 15E of Schedule 25 (and it does not matter if the transaction occurs pursuant to an agreement entered into by the controlled foreign company before the relevant time (within the meaning of paragraph 15G of that Schedule)).
#### Losses other than terminal losses.
#### Losses from overseas property business.
##### 751B
@@ -41542,7 +41558,7 @@
- (b) where notice is given to the body corporate by the Board, give to the Board within such period as is prescribed by regulations made by the Board (or such longer period as the Board may in the case allow) such further particulars relating to the transaction, to related transactions, or to persons connected with the transaction or related transactions, as the Board may require.
#### Write-off of government investment.
#### Dealings in commodity futures etc: withdrawal of loss relief.
##### 767A
@@ -42522,7 +42538,7 @@
#### Section 432B: apportionment of business transfer-in
#### Section 432B: apportionment of business transfer-in
#### Profits reserved for policy holders and annuitants.
##### 793A
@@ -43966,7 +43982,7 @@
#### Transfers of life assurance business: Case VI losses of the transferor
#### Transfers of life assurance business: Case I losses of the transferor
#### Transfers of business: deemed periodical return
##### 826A
@@ -44010,7 +44026,7 @@
- (6) This section does not apply for the purposes of corporation tax.
#### Retained assets
#### Transfers of business: election for transferee to pay tax of transferor
##### 834A
@@ -44172,7 +44188,7 @@
- (5) For the purposes of this section the reference to section 583 of ITEPA 2003 is a reference to that section only where the paying scheme (see subsection (3) of that section) is a pilots' benefit fund (see section 587 of that Act).
#### Transfers of business: transferor shares are assets of transferee's long-term insurance fund etc
#### Transfer schemes transferring part of business: reduction in income of transferee
##### 837A
@@ -45348,1971 +45364,1971 @@
## SCHEDULE 4A
#### Treatment of oil extraction activities etc. for tax purposes.
##### 1
This Schedule enables an individual (“*the taxpayer*”) to make a claim (an “*averaging claim*”) if his profits from a qualifying trade, profession or vocation (his “*relevant profits*”) fluctuate from one tax year to the next.
##### 2
- (1) A trade, profession or vocation is a “*qualifying trade, profession or vocation*” if the taxpayer’s profits from it—
- (a) are derived wholly or mainly from qualifying creative works, and
- (b) are chargeable to tax under Case I or II of Schedule D.
- (2) In sub-paragraph (1) “*qualifying creative works*” means—
- (a) literary, dramatic, musical or artistic works, or
- (b) designs,
created by the taxpayer personally or, where the trade, profession or vocation is carried on by the taxpayer in partnership, by one or more of the partners personally.
##### 3
- (1) An averaging claim may be made if the taxpayer has been carrying on the qualifying trade, profession or vocation in two consecutive tax years and either—
- (a) his relevant profits for one of the tax years are less than 75% of his relevant profits for the other, or
- (b) his relevant profits for one (but not both) of the tax years are nil.
- (2) For the purposes of paragraph 4 (years in respect of which averaging claim may be made) an averaging claim relates to both of the years involved.
##### 4
- (1) An averaging claim may not be made in relation to a tax year if an averaging claim in respect of the same qualifying trade, profession or vocation has already been made in relation to a later tax year.
- (2) An averaging claim may not be made in relation to a tax year in which—
- (a) the taxpayer starts, or permanently ceases, to carry on the trade, profession or vocation, or
- (b) the trade, profession or vocation begins or ceases to be a qualifying trade, profession or vocation.
- (3) An averaging claim may be made in relation to a tax year which was the later year on a previous averaging claim.
##### 5
An averaging claim must be made not later than twelve months after the 31st January next following the end of the later of the tax years to which it relates.
#### Loan relationships etc.
##### 6
- (1) Where the taxpayer is entitled to make, and makes, an averaging claim, the amount taken to be his profits from the qualifying trade, profession or vocation for each of the tax years to which the claim relates is adjusted in accordance with this paragraph.
- (2) If—
- (a) the taxpayer’s relevant profits for one of the years amount to 70% or less of his relevant profits for the other year, or
- (b) the taxpayer’s relevant profits for one (but not both) of the years are nil,
the amount of the adjusted profits for each of the years to which the claim relates is the average of the relevant profits for the two years.
- (3) If the taxpayer’s relevant profits for one of the years amount to more than 70%, but less than 75%, of his relevant profits for the other year, the amount of the profits in each of the years is calculated as follows, so as to reduce the variation between them.
*Step 1*
The amount of the adjustment is given by the formula—
$$(D×3)-(P×0.75)$where—D is the difference between the taxpayer’s relevant profits for the two tax years, andP is the taxpayer’s relevant profits for the year in which those profits are higher.$
*Step 2*
Add the amount of the adjustment to the taxpayer’s relevant profits for the year in which those profits are lower.
The result is the amount of the adjusted profits for that year.
*Step 3*
Subtract the amount of the adjustment from the taxpayer’s relevant profits for the year in which those profits are higher.
The result is the amount of the adjusted profits for that year
- (4) Subject to the following provisions of this Schedule, the adjusted profits are taken to be the taxpayer’s relevant profits for the years to which the claim relates for all the purposes of the Income Tax Acts, including the further application of this Schedule.
##### 7
- (1) An averaging claim relating to two tax years (“*the earlier year*” and “*the later year*”) is given effect in the later year.
- (2) In so far as the claim involves an adjustment to the profits for the earlier year it is treated as a claim for the amount of the difference between—
- (a) the amount in which the taxpayer is chargeable to tax for the earlier year (“*amount A*”), and
- (b) the amount in which he would be so chargeable if effect were given to the adjustment in that year (“*amount B*”).
- (3) That claim is given effect in the later year by increasing the amount referred to in section 59B(1)(b) of the Management Act (aggregate amount of payments on account made by the taxpayer) or, as the case may require, by increasing the amount of tax payable.
- (4) Where effect falls to be given to two or more associated claims, amounts A and B above shall each be determined on the assumption that effect could have been, and had been, given to the other claim or claims in relation to the earlier year.
- (5) Where this paragraph applies twice in relation to the same tax year, the increase or reduction in the amount of tax payable for that year as a result of the earlier application shall be disregarded in determining amounts A and B above for the purposes of the later application.
##### 8
- (1) A claim by the taxpayer for relief under any other provision of the Income Tax Acts for either of the years to which an averaging claim relates (“*the other claim*”)—
- (a) is not out of time if made on or before the last date on which the averaging claim could have been made, and
- (b) if already made, may be amended or revoked on or before that date.
- (2) If the other claim is made by being included in a return, the reference in sub-paragraph (1)(b) to amending or revoking the claim shall be read as a reference to amending the return by amending or omitting the claim.
##### 9
- (1) This paragraph applies where—
- (a) the taxpayer makes or amends a claim for relief under any other provision of the Income Tax Acts for either of the years to which an averaging claim relates, and
- (b) the making or amendment of the claim would be out of time but for paragraph 8.
- (2) The claim or amendment is given effect in the later year.
- (3) In so far as the claim or amendment relates to income of the earlier year, the amount claimed, or (as the case may be) the increase or reduction in the amount claimed, shall be equal to the difference between—
- (a) the amount in which the taxpayer is chargeable to tax for the earlier year (“*amount A*”), and
- (b) the amount in which he would be so chargeable on the assumption that effect could be, and was, given to the claim or amendment in relation to that year (“*amount B*”).
- (4) That claim or amendment is given effect in the later year by increasing the amount referred to in section 59B(1)(b) of the Management Act (aggregate amount of payments on account made by the taxpayer) or, as the case may require, by increasing the amount of tax payable.
- (5) Where effect falls to be given to two or more associated claims, amounts A and B above shall each be determined on the assumption that effect could have been, and had been, given to the other claim or claims in relation to the earlier year.
- (6) In this paragraph “*amend*” includes revoke and “*amendment*” has a corresponding meaning.
##### 10
- (1) If after the taxpayer has made an averaging claim, his relevant profits in either or both of the tax years to which the claim relates are adjusted for some other reason—
- (a) the averaging claim shall be disregarded, and
- (b) a further averaging claim may be made in relation to the taxpayer’s relevant profits as adjusted.
- (2) A further averaging claim is not out of time provided it is made not later than twelve months after the 31st January next following the tax year in which the adjustment for the other reason is made.
##### 11
- (1) References in this Schedule to the taxpayer’s profits from a qualifying trade, profession or vocation are to profits before making deductions for losses sustained in any tax year.
- (2) If the taxpayer sustains a loss in the qualifying trade, profession or vocation in any tax year, the profits of that year for the purposes of this Schedule are nil.
This shall not be read as preventing the taxpayer from obtaining relief under the Income Tax Acts for a loss sustained by him in that or any other tax year.
##### 12
In this Schedule any reference to the amount in which a person is chargeable to tax is a reference to the amount in which he is so chargeable after taking into account any relief or allowance for which a claim is made.
##### 13
- (1) In this Schedule any reference to a claim includes a reference to an election or notice.
- (2) For the purposes of this Schedule, two or more claims made by the same person are associated with each other if each of them is any of the following—
- (a) a claim to which this Schedule applies, or
- (b) a claim to which Schedule 1B to the Management Act applies (other claims involving more than one year to be given effect in later year),
and the same tax year is the earlier year in relation to each of those claims.
- (3) In sub-paragraph (2)—
- (a) the reference to a claim to which this Schedule applies includes amendments and revocations to which paragraph 9 above applies;
- (b) the reference to a claim to which Schedule 1B to the Management Act applies includes amendments and revocations to which paragraph 4 of that Schedule applies.
##### 14
In this Schedule a “*tax year*” means a year of assessment.
## SCHEDULE 5AA
### Charge to tax etc.
##### 1
This Schedule enables an individual (“*the taxpayer*”) to make a claim (an “*averaging claim*”) if his profits from a qualifying trade, profession or vocation (his “*relevant profits*”) fluctuate from one tax year to the next.
- (1) Subject to sub-paragraph (2) below, profits and gains arising from a transaction to which this Schedule applies (including those which, apart from this sub-paragraph, would be taken to be of a capital nature) shall be treated, when realised—
- (a) as income of the person by whom they are realised; and
- (b) as chargeable to tax under Case VI of Schedule D for the chargeable period in which they are realised.
- (2) Sub-paragraph (1) above does not apply to—
- (a) so much of any profits or gains arising to a person from a transaction as are charged to tax in his case under Case I or V of Schedule D;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) For the purposes of this Schedule the profits and gains arising from a transaction to which this Schedule applies are to be taken to be realised at the time when the disposal comprised in the transaction takes place.
- (5) For the purposes of sections 392 . . . any loss in a transaction to which this Schedule applies is to be taken to be sustained at the time when, in accordance with sub-paragraph (4) above, any profits or gains arising from that transaction would have been realised.
- (6) Subject to sub-paragraph (7) below, the following, namely—
- (a) profits and gains to which sub-paragraph (1) above applies, and
- (b) losses in transactions the profits and gains from which (if there were any) would be profits and gains to which that sub-paragraph applies,
shall not be brought into account for the purposes of income tax . . . or capital gains tax except by virtue of this Schedule and, in the case of losses, section 392 . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Transactions to which Schedule applies
##### 2
- (1) A trade, profession or vocation is a “*qualifying trade, profession or vocation*” if the taxpayer’s profits from it—
- (a) are derived wholly or mainly from qualifying creative works, and
- (b) are chargeable to tax under Case I or II of Schedule D.
- (2) In sub-paragraph (1) “*qualifying creative works*” means—
- (a) literary, dramatic, musical or artistic works, or
- (b) designs,
created by the taxpayer personally or, where the trade, profession or vocation is carried on by the taxpayer in partnership, by one or more of the partners personally.
- (1) This Schedule applies to a transaction if—
- (a) it is a disposal of futures or options;
- (b) it is one of two or more related transactions designed to produce a guaranteed return; and
- (c) the guaranteed return comprises the return from that disposal or from a number of disposals of futures or options, of which that disposal is one, taken together.
- (2) For the purposes of this Schedule two or more related transactions are transactions designed to produce a guaranteed return if, taking the transactions together, it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into, or in which any of them is entered into,
that their main purpose, or one of their main purposes, is or was the production of a guaranteed return from one or more disposals of futures or options.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Production of guaranteed return
##### 3
- (1) An averaging claim may be made if the taxpayer has been carrying on the qualifying trade, profession or vocation in two consecutive tax years and either—
- (a) his relevant profits for one of the tax years are less than 75% of his relevant profits for the other, or
- (b) his relevant profits for one (but not both) of the tax years are nil.
- (2) For the purposes of paragraph 4 (years in respect of which averaging claim may be made) an averaging claim relates to both of the years involved.
- (1) For the purposes of this Schedule a guaranteed return is produced from one or more disposals of futures or options wherever (taking all the disposals together where there is more than one) risks from fluctuations in the underlying subject matter are so eliminated or reduced as to produce a return from the disposal or disposals—
- (a) the amount of which is not, to any significant extent, attributable (otherwise than incidentally) to any such fluctuations; and
- (b) which equates, in substance, to the return on an investment of money at interest.
- (2) For the purposes of sub-paragraph (1) above the cases where risks from fluctuations in the underlying subject matter are eliminated or reduced shall be deemed to include any case where the main reason, or one of the main reasons, for the choice of that subject matter is—
- (a) that there appears to be no risk that it will fluctuate; or
- (b) that the risk that it will fluctuate appears to be insignificant.
- (3) In this paragraph the references, in relation to a disposal of futures or options, to the underlying subject matter are references to or to the value of the commodities, currencies, shares, stock or securities, interest rates, indices or other matters to which, or to the value of which, those futures or options are referable.
### Disposals of futures or options
##### 4
- (1) An averaging claim may not be made in relation to a tax year if an averaging claim in respect of the same qualifying trade, profession or vocation has already been made in relation to a later tax year.
- (2) An averaging claim may not be made in relation to a tax year in which—
- (a) the taxpayer starts, or permanently ceases, to carry on the trade, profession or vocation, or
- (b) the trade, profession or vocation begins or ceases to be a qualifying trade, profession or vocation.
- (3) An averaging claim may be made in relation to a tax year which was the later year on a previous averaging claim.
- (1) For the purposes of this Schedule a disposal is a disposal of futures or options if it consists in—
- (a) the disposal of one or more futures;
- (b) the disposal of one or more options; or
- (c) the disposal of one or more futures together with one or more options.
- (2) Subject to sub-paragraph (4) below, any question for the purposes of this Schedule as to whether there is a disposal falling within sub-paragraph (1)(a) to (c) above, or as to when such a disposal is made, shall be determined, on the assumptions specified in sub-paragraph (3) below, in accordance with—
- (a) section 143(5) and (6), 144 and 144A of the 1992 Act (closing out and settlement of futures contracts and rules in relation to options); and
- (b) the other provisions having effect for determining for the purposes of that Act whether or when an asset is disposed of;
and references in this Schedule to entering into a transaction are references, in relation to a transaction consisting in a disposal, to the making of the disposal.
- (3) Those assumptions are—
- (a) that all futures are assets for the purposes of the 1992 Act;
- (b) that the words “*in the course of dealing in commodity or financial futures*” are omitted in each place where they occur in section 143(5) and (6) of that Act; and
- (c) that any reference in that Act to a financial option within the meaning given by section 144(8) of that Act is a reference to any option that is not a traded option.
- (4) Subject to sub-paragraph (5) below, where—
- (a) one of a number of related transactions designed to produce a guaranteed return is the grant of an option,
- (b) at least one of the other transactions is a transaction entered into after the grant of the option, and
- (c) the transaction or transactions entered into after the grant of the option is or include a disposal which is not itself the grant of an option,
the disposal consisting in the grant of the option shall be deemed for the purposes of this Schedule to be a disposal made on the first occasion after the grant of the option when one of the other transactions which is a disposal but is not itself the grant of an option is entered into.
- (4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) Nothing in sub-paragraph (4) above affects so much of sub-paragraph (2) above as (by applying section 144(2) or 144A(2) of the 1992 Act (cases where options are exercised))—
- (a) requires the grant of an option and the transaction entered into by the grantor in fulfilment of his obligations under that option to be treated for the purposes of this Schedule as a single transaction; or
- (b) determines the time at which such a single transaction is to be treated for the purposes of this Schedule as entered into.
- (6) In this paragraph—
- “*future*” means outstanding rights and obligations under a commodity or financial futures contract;
- “*option*” means a traded option or an option which is not a traded option but is an option relating to—currency, shares, stock, securities or an interest rate; orrights under a commodity or financial futures contract;and includes any liability or entitlement under an option.
- “*traded option*” has the meaning given for the purposes of subsection (4) of section 144 of the 1992 Act by subsection (8) of that section.
### Futures running to delivery and options exercised
##### 4A
- (1) This paragraph applies where for the purposes of this Schedule—
- (a) there are or, apart from section 144(2) or (3) of the 1992 Act, would be two or more related transactions;
- (b) one of those transactions is or would be the creation or acquisition (by the making or receiving of a grant or otherwise) of a future or option;
- (c) the other transaction, or one of the other transactions, is or would be the running of the future to delivery or the exercise of the option; and
- (d) the transaction mentioned in paragraph (c) above is not treated for those purposes as a disposal of a future or option.
- (2) This Schedule shall have effect in relation to the parties to the future or option as if the transaction specified in sub-paragraph (3) below—
- (a) were a transaction for which the scheme or arrangements by reference to which the transactions are related transactions provided; and
- (b) were a transaction which in fact takes place at the time (“the relevant time") immediately before the future runs to delivery or, as the case may be, the option is exercised.
- (3) That transaction is a disposal of the future or option which—
- (a) in the case of a person whose rights and entitlements under the future or option have a market value at the relevant time, consists in a disposal for a consideration equal to that market value; and
- (b) in the case of any other party to the future or option, consists in a disposal which—
- (i) is made for a nil consideration; and
- (ii) involves that person in incurring costs equal to the amount specified in sub-paragraph (4) below.
- (4) That amount is the amount which that party to the future or option might reasonably have been expected to pay, in a transaction at arm’s length entered into at the relevant time, for the release of his obligations and liabilities under the future or option.
- (5) Where, in a case in which a transaction is deemed to take place by virtue of sub-paragraph (2)(b) above (“the deemed transaction")—
- (a) any profits or gains arising from the deemed transaction are chargeable to tax under Case VI of Schedule D in accordance with paragraph 1(1) above, or
- (b) any loss arising in the deemed transaction is brought into account for the purposes of section 392 . . . in accordance with paragraph 1(5) above,
amounts taken into account or allowable as deductions in computing those profits or gains, or that loss, shall not be excluded by virtue of section 37 or 39 of the 1992 Act (exclusion of amounts taken into account or allowable for the purposes of the taxation of income and profits) from any computation made for the purposes of that Act, but paragraph 1(6) above shall be given effect to in relation to the 1992 Act in accordance with sub-paragraphs (6) to (10) below.
- (6) Where there are profits or gains arising to any person (“the taxpayer") from the deemed transaction, an increase equal to the amount of those profits or gains shall be made in the amount that would otherwise be taken for the purposes of the 1992 Act to be—
- (a) the amount of the consideration for the acquisition of any asset acquired by the taxpayer by means of the future running to delivery or, as the case may be, by the exercise of the option; or
- (b) the amount of the consideration for the acquisition by him of any asset disposed of by him by means of the future running to delivery or, as the case may be, in consequence of the exercise of the option;
but any increase made by virtue of paragraph (b) above in the amount of any consideration shall be disregarded in computing the amount of any indexation allowance.
- (7) Where there is a loss for any person (“the taxpayer") in the deemed transaction—
- (a) a reduction equal to the smaller of the amount of the loss and the amount to be reduced shall be made in the amount that would otherwise be taken for the purposes of the 1992 Act to be the amount of the consideration mentioned in sub-paragraph (6)(a) or (b) above; and
- (b) the amount (if any) by which the amount of the loss exceeds the amount to be reduced shall be deemed to be a chargeable gain accruing to the taxpayer on the occasion specified in sub-paragraph (8) below.
- (8) That occasion is—
- (a) in a case where the consideration mentioned in paragraph (a) of sub-paragraph (6) above has been reduced to nil, the first occasion after the acquisition mentioned in that paragraph when there is a disposal of the asset in question; and
- (b) in a case where it is the consideration mentioned in sub-paragraph (6)(b) above that has been reduced to nil, the occasion of the disposal made by the taxpayer by means of the future running to delivery or, as the case may be, in consequence of the exercise of the option.
- (9) For the purposes of sub-paragraphs (6) and (7) above, where in any case there is a deemed disposal of an option by the person who granted it, any determination—
- (a) of the profits arising to the grantor of the option from that disposal, or
- (b) of the losses for the grantor in that disposal,
shall be made as if that disposal and the disposal by which the option was granted were a single transaction.
- (10) In sub-paragraph (8) above—
- (a) the reference in paragraph (a) to a disposal of the asset in question includes a reference to anything that would be such a disposal but for the provisions of section 116(10) or 127 of the 1992 Act; and
- (b) the references in each of paragraphs (a) and (b) to a disposal include references to a disposal which, in accordance with the 1992 Act, would (apart from sub-paragraph (7)(b) above) be a disposal on which neither a gain nor a loss accrues.
- (10A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (11) In this paragraph—
- “*future*” and “*option*” have the same meanings as in paragraph 4 above;
- “*market value*” has the same meaning as in the 1992 Act;
- “*party*”, in relation to a future or option, means one of the persons who has any right or entitlement comprised in or arising under the future or option or who is subject to any obligation or liability so comprised or arising;
and references in this paragraph to a future running to delivery are references to the discharge by performance of the obligations owed under the commodity or financial futures contract in question to the party to the future whose rights are in relation to its underlying subject matter.
- (12) Sub-paragraph (3) of paragraph 3 above applies for the purposes of sub-paragraph (11) above as it applies for the purposes of that paragraph.
### The return from one or more disposals
##### 5
An averaging claim must be made not later than twelve months after the 31st January next following the end of the later of the tax years to which it relates.
#### Computation of amount available for surrender by way of group relief.
- (1) In this Schedule references to the return from one or more disposals are references to the return on investment represented either—
- (a) by the total net profits and gains arising from the disposal or disposals; or
- (b) by all but an insignificant part of those net profits and gains.
- (2) For the purposes of the references in sub-paragraph (1) above to the total net profits and gains from any two or more disposals, it shall be assumed that profits and gains realised, and losses sustained, by persons who are associated with each other are all realised or sustained by the same person.
- (3) For the purposes of sub-paragraph (2) above persons are associated with each other in relation to any two or more disposals made in pursuance of the same scheme or arrangements if—
- (a) each of those persons shares or is to share, to an extent determined for the purposes of or in accordance with the scheme or arrangements, in the net return represented by the aggregate of all the profits, gains and losses realised or sustained on those disposals;
- (b) those persons are associated companies at the time when the last of those disposals is made; or
- (c) those persons have been associated companies at an earlier time falling after the first occasion on which a transaction was entered into in pursuance of the scheme or arrangements.
- (4) In this paragraph—
- “*associated company*” shall be construed in accordance with section 416; and
- “*scheme or arrangements*” shall be construed in accordance with paragraph 6(4) below.
### Related transactions
##### 6
- (1) Where the taxpayer is entitled to make, and makes, an averaging claim, the amount taken to be his profits from the qualifying trade, profession or vocation for each of the tax years to which the claim relates is adjusted in accordance with this paragraph.
- (2) If—
- (a) the taxpayer’s relevant profits for one of the years amount to 70% or less of his relevant profits for the other year, or
- (b) the taxpayer’s relevant profits for one (but not both) of the years are nil,
the amount of the adjusted profits for each of the years to which the claim relates is the average of the relevant profits for the two years.
- (3) If the taxpayer’s relevant profits for one of the years amount to more than 70%, but less than 75%, of his relevant profits for the other year, the amount of the profits in each of the years is calculated as follows, so as to reduce the variation between them.
*Step 1*
The amount of the adjustment is given by the formula—
$$(D×3)-(P×0.75)$where—D is the difference between the taxpayer’s relevant profits for the two tax years, andP is the taxpayer’s relevant profits for the year in which those profits are higher.$
*Step 2*
Add the amount of the adjustment to the taxpayer’s relevant profits for the year in which those profits are lower.
The result is the amount of the adjusted profits for that year.
*Step 3*
Subtract the amount of the adjustment from the taxpayer’s relevant profits for the year in which those profits are higher.
The result is the amount of the adjusted profits for that year
- (4) Subject to the following provisions of this Schedule, the adjusted profits are taken to be the taxpayer’s relevant profits for the years to which the claim relates for all the purposes of the Income Tax Acts, including the further application of this Schedule.
- (1) For the purposes of this Schedule two or more transactions are related if all of them are entered into in pursuance of the same scheme or arrangements.
- (2) Nothing in this Schedule shall be construed as preventing transactions with different parties, or transactions with parties different from the parties to the scheme or arrangements in pursuance of which they are entered into, from being related transactions.
- (3) For the purposes of this paragraph the cases in which any two or more transactions are to be taken to be entered into in pursuance of the same scheme or arrangements shall include any case in which it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into, or in which any of them is entered into,
that neither of them or, as the case may be, none of them would have been entered into independently of the other or others.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this paragraph “*scheme or arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable.
### Special rule for trusts
##### 7
- (1) An averaging claim relating to two tax years (“*the earlier year*” and “*the later year*”) is given effect in the later year.
- (2) In so far as the claim involves an adjustment to the profits for the earlier year it is treated as a claim for the amount of the difference between—
- (a) the amount in which the taxpayer is chargeable to tax for the earlier year (“*amount A*”), and
- (b) the amount in which he would be so chargeable if effect were given to the adjustment in that year (“*amount B*”).
- (3) That claim is given effect in the later year by increasing the amount referred to in section 59B(1)(b) of the Management Act (aggregate amount of payments on account made by the taxpayer) or, as the case may require, by increasing the amount of tax payable.
- (4) Where effect falls to be given to two or more associated claims, amounts A and B above shall each be determined on the assumption that effect could have been, and had been, given to the other claim or claims in relation to the earlier year.
- (5) Where this paragraph applies twice in relation to the same tax year, the increase or reduction in the amount of tax payable for that year as a result of the earlier application shall be disregarded in determining amounts A and B above for the purposes of the later application.
- (1) Where any profits or gains are treated, in accordance with paragraph 1 above, as income arising to trustees for any year of assessment, the relevant part of that income shall be treated for the purposes of the Tax Acts as if it were income to which section 686 applies (income taxable at the rate applicable to trusts).
- (2) In sub-paragraph (1) above the reference to the relevant part of any income is a reference to so much (if any) of that income as—
- (a) does not fall to be treated for the purposes of the Income Tax Acts as income of a settlor;
- (b) is not income arising under a trust established for charitable purposes; and
- (c) is not income from investments, deposits or other property held for any such purposes as are mentioned in sub-paragraph (i) or (ii) of section 686(2)(c) (property held for pension purposes).
- (3) Subsection (6) of section 686 (meaning of “*trustees*” etc.) shall apply for the purposes of this paragraph as it applies for the purposes of that section.
### Transfer of assets abroad
##### 8
- (1) A claim by the taxpayer for relief under any other provision of the Income Tax Acts for either of the years to which an averaging claim relates (“*the other claim*”)—
- (a) is not out of time if made on or before the last date on which the averaging claim could have been made, and
- (b) if already made, may be amended or revoked on or before that date.
- (2) If the other claim is made by being included in a return, the reference in sub-paragraph (1)(b) to amending or revoking the claim shall be read as a reference to amending the return by amending or omitting the claim.
For the purpose of determining whether an individual ordinarily resident in the United Kingdom has a liability for income tax in respect of any profit or gain which—
- (a) is realised by a person resident or domiciled outside the United Kingdom, and
- (b) arises from a transaction to which this Schedule applies,
sections 739 and 740 (transfer of assets abroad) shall have effect as if that profit or gain, when realised, constituted income becoming payable to the person resident or domiciled outside the United Kingdom.
### Apportionment in the case of insurance companies
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 5A
### Introductory
##### 1
- (1) In this Schedule—
- (a) “*approved stock lending arrangement*” means an arrangement such as is mentioned in subsection (1), (2) or (2A) of section 129 and in relation to which that section and section 271(9) of the 1992 Act apply;
- (b) “*the borrower*”, in relation to such an arrangement, means the person to whom the securities are transferred under the arrangement; and
- (c) “*the lender*” means the person making that transfer and to whom, in return, securities of the same kind and amount are to be transferred.
- (2) References in this Schedule to the borrower or lender under an approved stock lending arrangement include any person acting as the nominee of the borrower or lender.
### Treatment of interest earned on cash collateral
##### 2
- (1) This paragraph applies where in connection with an approved stock lending arrangement—
- (a) the borrower pays to the lender an amount (“cash collateral”) by way of security for the performance of the obligation to transfer to the lender securities of the same kind and amount as those transferred by him;
- (b) interest is earned by the lender on the whole of the cash collateral in respect of the period for which he holds it, and is paid to him without deduction of tax; and
- (c) the lender pays to the borrower an amount (“rebate interest”) equal to the amount of interest earned by him on the cash collateral.
- (2) Where this paragraph applies—
- (a) the interest earned by the lender on the cash collateral shall be treated for all purposes of the Tax Acts as the income of the borrower and not as the income of the lender;
- (b) the lender shall not be required to deduct from the payment of rebate interest any sum representing income tax thereon;
- (c) no relief shall be given to the lender in respect of the payment under any provision of the Tax Acts; and
- (d) the rebate interest shall not be regarded as the income of the borrower.
- (3) This paragraph does not apply unless the amount of the rebate interest is identified as such by the parties separately from any fee or other amount payable in connection with the arrangement.
### Application of paragraph 2 in case of chain of arrangements
##### 3
- (1) Where the lender under one or more approved stock lending arrangements (“the lending arrangements”) is also the borrower under one or more other such arrangements (“the borrowing arrangements”) entered into to enable him to fulfil his obligations under the former arrangements, the interest which by virtue of paragraph 2(2)(a) above as it applies in relation to the borrowing arrangements is treated as his (the “attributed interest”) shall be treated for the purposes of that paragraph as it applies in relation to the lending arrangements as interest earned by him on the cash collateral provided under those arrangements, as follows.
- (2) Where the aggregate amount of the cash collateral provided under the borrowing arrangements equals that provided under the lending arrangements, the whole of the attributed interest shall be so treated.
- (3) Where the aggregate amount of the cash collateral provided under the borrowing arrangements exceeds that provided under the lending arrangements, a part of the attributed interest shall be so treated.
- (4) Where the aggregate amount of the cash collateral provided under the borrowing arrangements is less than that provided under the lending arrangements, the attributed interest shall be treated as earned by him on a part of the cash collateral provided under the lending arrangements.
### Interpretation
##### 4
In this Schedule—
- “*relief*” means relief by way of—deduction in computing profits or gains, ordeduction or set off against income or total profits; and
- “*securities*” includes stocks and shares.
## Schedule 6A
## Part I — Basic Case
### Cash equivalent
##### 1
- (1) This paragraph applies where the van mentioned in section 159AA(1)—
- (a) is not a van to which Part II of this Schedule applies for the year concerned, or
- (b) is a van to which that Part applies for the year concerned but is a shared van (within the meaning there given) for part only of the year.
- (2) Subject to paragraphs 2 and 3 below, the cash equivalent of the benefit is—
- (a) £500, if the van is aged less than 4 years at the end of the year concerned;
- (b) £350, if the van is aged 4 years or more at the end of the year concerned.
### Reductions for periods where van unavailable
##### 2
- (1) Subject to paragraph 3 below, where paragraph 1 above applies and for any part of the year concerned—
- (a) the van is unavailable, or
- (b) the van is a shared van (within the meaning given by Part II of this Schedule),
the cash equivalent of the benefit is the amount ascertained under paragraph 1 above (the full amount) reduced by an amount which bears to the full amount the same proportion as the number of excluded days in the year bears to 365.
- (2) For the purposes of sub-paragraph (1) above a van is to be treated as being unavailable on any day if—
- (a) the day falls before the first day on which the van is available to the employee,
- (b) the day falls after the last day on which the van is available to the employee, or
- (c) the day falls within a period, of 30 days or more, throughout which the van is not available to the employee.
- (3) For the purposes of sub-paragraph (1) above an excluded day is a day on which the van falls within paragraph (a) or (b) of that sub-paragraph.
### Reduction for payments for use of van
##### 3
- (1) Where paragraph 1 above applies and in the year concerned the employee is required, as a condition of the van being available for his private use, to pay any amount of money (whether by way of deduction from his emoluments or otherwise) for that use, then—
- (a) if the amount ascertained under paragraphs 1 and 2 above exceeds the relevant sum, the cash equivalent of the benefit is an amount equal to the excess;
- (b) if the relevant sum exceeds or is equal to the amount ascertained under paragraphs 1 and 2 above, the cash equivalent of the benefit is nil.
- (2) In sub-paragraph (1) above—
- (a) “*the relevant sum*” means the amount paid by the employee, as there mentioned, in respect of the year concerned, and
- (b) the reference to the van being available for the employee’s private use includes a reference to the van being available for the private use of others being members of his family or household.
- (3) If the van is a shared van (within the meaning given by Part II of this Schedule) for part of the year concerned, the reference in sub-paragraph (2) above to the year shall be construed as a reference to the part of the year when the van is not a shared van.
## Part II — SHARED VANS
### Introduction
##### 4
- (1) This Part of this Schedule applies to a van for a year if it is a shared van for any period in the year.
- (2) A van is a shared van for a period if the period is one throughout which the van is available concurrently to more than one employee of the same employer.
- (3) A van is also a shared van for a period if—
- (a) the period is one throughout which the van is available to different employees of the same employer, but
- (b) the circumstances are such that the employee or employees to whom the van is available at any given time in the period are not necessarily the same as the employee or employees to whom it is available at any other given time in the period.
- (4) But if the van is available to one employee only for a period exceeding 30 days (an exclusive period)—
- (a) the exclusive period shall not count towards any period that would otherwise fall within sub-paragraph (3) above;
- (b) any period falling within sub-paragraph (3) above shall be treated as ending when the exclusive period begins (without prejudice to the start after the exclusive period of a further period falling within sub-paragraph (3) above).
- (5) If a van would (apart from this sub-paragraph) be treated as shared during part of a day it shall be treated as shared throughout the day.
### Benefit to employee
##### 5
- (1) This paragraph applies where for any year this Part of this Schedule—
- (a) applies to a van, or
- (b) applies to each of two or more vans made available by the same employer.
- (2) For the purposes of this paragraph a participating employee is an employee to whom—
- (a) the van is available for his private use while it is a shared van (where only one van is involved),
- (b) one of the vans is available for his private use while it is a shared van (where more than one van is involved), or
- (c) some or all of the vans are available for his private use while they are shared vans (where more than one van is involved);
but an employee is not a participating employee unless he makes private use of the van, or (if more than one is involved) he makes private use of at least one of them, at least once while it is a shared van.
- (3) In sub-paragraph (2) above—
- (a) any reference to a van being available for an employee’s private use includes a reference to the van being available for the private use of others being members of his family or household, and
- (b) any reference to an employee making private use of a van includes a reference to a member of his family or household making private use of it.
- (4) This paragraph shall apply to each participating employee in the same way, irrespective of—
- (a) the number available to a particular employee of the vans involved;
- (b) the fact that a particular van involved is or is not available to him or used by him;
- (c) the extent to which a particular van involved is available to him or used by him.
- (5) Where this paragraph applies—
- (a) find the basic value of the van for the year or (as the case may be) the basic value for the year of each van involved;
- (b) take that basic value or (as the case may be) the aggregate of those basic values;
- (c) find for each participating employee a portion of the figure taken under paragraph (b) above by dividing it equally among the participating employees.
- (6) The figure found for a participating employee shall be taken to be the cash equivalent of the benefit to him in the year of—
- (a) the van available to him while it is a shared van (where only one van is involved or only one of the vans involved is available to him), or
- (b) the vans available to him while they are shared vans (where more than one van is involved and more than one of them is available to him).
### Basic value
##### 6
- (1) Subject to sub-paragraph (2) below, the basic value of a van for a year is—
- (a) £500, if the van is aged less than 4 years at the end of the year concerned;
- (b) £350, if the van is aged 4 years or more at the end of the year concerned.
- (2) Where for any part of the year—
- (a) the van is not a shared van, or
- (b) the van is incapable of use,
its basic value is the amount ascertained under sub-paragraph (1) above (the full value) reduced by an amount which bears to the full value the same proportion as the number of excluded days in the year bears to 365.
- (3) For the purposes of sub-paragraph (2) above a van is to be treated as being incapable of use on any day if the day falls within a period, of 30 days or more, throughout which the van is incapable of being used at all.
- (4) For the purposes of sub-paragraph (2) above an excluded day is a day on which the van falls within paragraph (a) or (b) of that sub-paragraph.
### Limit of benefit
##### 7
Where (apart from this paragraph) the figure found under paragraph 5 above for a participating employee for a year would exceed £500, the figure for the employee for the year shall be taken to be £500.
### Alternative calculation
##### 8
- (1) In a case where—
- (a) a figure is found under paragraph 5 or 7 above for a participating employee for a year, and
- (b) the employee makes a claim for this paragraph to be applied,
the figure found for the employee for the year shall be taken to be the alternative figure found under this paragraph.
- (2) The alternative figure is a figure found by—
- (a) taking for each van involved the number of relevant days;
- (b) aggregating the numbers found under paragraph (a) above where more than one van is involved;
- (c) multiplying the number found under paragraph (a) (or paragraphs (a) and (b)) above by £5.
- (3) For the purposes of sub-paragraph (2)(a) above a relevant day is a day which falls in the year and during which (or part of which) the employee, or a member of his family or household, makes private use of the van concerned while it is a shared van.
- (4) For the purposes of section 95 of the Taxes Management Act 1970 (incorrect return etc.) a claim under this paragraph shall be taken to be a claim for relief.
### Reduction for payments for use
##### 9
- (1) Where this Part of this Schedule applies and in the year concerned a participating employee is required, as a condition of the van or vans being available for his private use, to pay any amount of money (whether by way of deduction from his emoluments or otherwise) for that use, then—
- (a) if the figure found for the employee for the year under paragraph 5 or 7 or 8 above exceeds the relevant sum, the figure shall be taken to be a figure equal to the excess;
- (b) if the relevant sum exceeds or is equal to the figure found for the employee for the year under paragraph 5 or 7 or 8 above, the figure shall be taken to be nil.
- (2) For the purposes of this paragraph the relevant sum shall be found by—
- (a) taking for any van involved the amount paid by the employee, as a condition of it being available for his private use, in respect of the period when the van is a shared van in the year concerned, and
- (b) where more than one van is involved, aggregating the amounts found under paragraph (a) above.
- (3) Any reference in this paragraph to a van being available for the employee’s private use includes a reference to the van being available for the private use of others being members of his family or household.
## Part III — GENERAL
### Interaction of Parts I and II
##### 10
- (1) This paragraph applies where—
- (a) the taxpayer makes or amends a claim for relief under any other provision of the Income Tax Acts for either of the years to which an averaging claim relates, and
- (b) the making or amendment of the claim would be out of time but for paragraph 8.
- (2) The claim or amendment is given effect in the later year.
- (3) In so far as the claim or amendment relates to income of the earlier year, the amount claimed, or (as the case may be) the increase or reduction in the amount claimed, shall be equal to the difference between—
- (a) the amount in which the taxpayer is chargeable to tax for the earlier year (“*amount A*”), and
- (b) the amount in which he would be so chargeable on the assumption that effect could be, and was, given to the claim or amendment in relation to that year (“*amount B*”).
- (4) That claim or amendment is given effect in the later year by increasing the amount referred to in section 59B(1)(b) of the Management Act (aggregate amount of payments on account made by the taxpayer) or, as the case may require, by increasing the amount of tax payable.
- (5) Where effect falls to be given to two or more associated claims, amounts A and B above shall each be determined on the assumption that effect could have been, and had been, given to the other claim or claims in relation to the earlier year.
- (6) In this paragraph “*amend*” includes revoke and “*amendment*” has a corresponding meaning.
- (a) a cash equivalent of the benefit of a van to an employee in a year is found under Part I of this Schedule, and
- (b) a cash equivalent of the benefit of the same van (or of vans including the same van) to the employee in the year is found under Part II of this Schedule.
- (2) Once the different cash equivalents are so found, the employee shall be charged to tax as if the van concerned were different vans, one having a cash equivalent found under Part I of this Schedule and the other having (or counting towards) a cash equivalent found under Part II of this Schedule.
### Limit of cash equivalent
##### 11
In a case where—
- (a) the cash equivalent of the benefit of vans to an employee in a year would (apart from this paragraph) total more than £500, and
- (b) no more than one of the vans is available to him for his private use, or the private use of others being members of his family or household, at any one time in the year,
the cash equivalent of the benefit of the vans to him in the year shall be £500.
### Interpretation
##### 12
For the purposes of this Schedule a van is available to an employee at a particular time if it is then made available, by reason of his employment and without any transfer of the property in it, either to him or to others being members of his family or household.
### Apportionment of cash equivalent in case of joint loan etc.
##### 5A
- (1) Where in any year there are two or more employees chargeable to tax in respect of the same loan—
- (a) the cash equivalent of the benefit of the loan (determined in accordance with this Schedule) shall be apportioned between them in a fair and reasonable manner, and
- (b) the portion allocated to each employee shall be treated as the cash equivalent of the benefit of the loan so far as he is concerned.
- (2) For the purposes of determining the cash equivalent in such a case, the references in paragraph 5 above to the employee shall be construed as references to all the chargeable employees.
##### 13
This Part of this Schedule is subject to the provisions of Part IV below.
## PART IV — . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14
This Part of this Schedule applies in relation to the employee for any year for which he is, or, apart from paragraph 7, 8 or 9 above as they apply in relation to home loans, would be, liable to income tax at a rate higher than basic rate or to tax chargeable in respect of excess liability.
##### 15
Where this Part of this Schedule applies in relation to the employee for any year, none of paragraphs 7, 8 and 9 above shall apply in his case in relation to any home loan in that year, except as provided by paragraph 17 below.
##### 16
- (1) Where, by virtue only of paragraph 15 above, paragraph 7, 8 or 9 above does not apply in the case of the employee in relation to a home loan in any year, there shall be treated as interest eligible for relief under section 353 by virtue of section 355(1)(a) in that year—
- (a) in a case where, apart from paragraph 15 above, paragraph 7 would have applied in relation to the home loan, an amount equal to the cash equivalent of the benefit of that loan in that year, apart from paragraph 7, or
- (b) in a case where, apart from paragraph 15 above, paragraph 8 or 9 would have applied in relation to the home loan, an amount equal to the difference between—
- (i) the cash equivalent of the benefit of the home loan in that year, apart from paragraphs 8 and 9, and
- (ii) what the cash equivalent of the benefit of the home loan would have been in that year, apart from paragraph 15 above,
but subject to the following provisions of this paragraph.
- (2) In the application of section 353 by virtue of this paragraph—
- (a) the amount that falls to be treated as mentioned in sub-paragraph (1) above shall be taken to fall within paragraph (a) of subsection (1) of that section; and
- (b) subsections (2) and (3) of that section shall be disregarded in relation to that amount.
##### 17
Paragraph 15 above shall not prevent paragraph 7, 8 or 9 applying in the case of the employee in any year if, apart from paragraph 15—
- (a) he would not have been charged for that year to income tax at any rate higher than basic rate in respect of any of his total income or to tax in respect of excess liability; and
- (b) the aggregate of the following amounts, that is to say—
- (i) the amount of income in respect of which, apart from any home loans, he would have been charged to income tax for that year at the basic rate,
- (ii) any income which is treated by virtue of section 683(1) or 684(1) as his income for that year for the purposes of excess liability, notwithstanding that he would not have been charged to tax otherwise than at the basic rate,
- (iii) the cash equivalents, apart from paragraphs 7, 8 and 9 above, of the benefit of any home loans in that year, and
- (iv) his nominal element (if any) for that year, reduced by an amount equal to the cash equivalents, apart from paragraph 15 above, of the benefit of any home loans in that year,
does not exceed the basic rate limit by more than the amount specified in section 161(1) for that year.
##### 18
If, in the case of the employee, there is a home loan in any year and that is a year for which—
- (a) he is liable to income tax at a rate higher than basic rate or to tax chargeable in respect of excess liability (whether or not by virtue of this Part of this Schedule), but
- (b) he would not have been so liable apart from any home loans, and
- (c) there is in his case a nominal element,
then, in computing his liability to income tax for that year, the amount which falls to be treated as emoluments under section 160(1) in consequence of the operation of paragraph 15 above (or, if more than one, the aggregate of those amounts) shall be taken to be the highest part of the income charged to tax, and an amount equal to the nominal element shall be taken to be the lowest portion of that part.
## PART V — . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 19
- (1) In this Schedule—
- “*eligible for relief*” shall be construed in accordance with sub-paragraph (2) below;
- “*eligible loan*” means—
- (a) any loan the interest on which is eligible for relief, other than a home loan; and
- (b) in a case where part of the interest on a loan is eligible for relief otherwise than by virtue of section 355(1)(a), 356(1) or 365, that proportion of the loan which that part of the interest bears to the whole of the interest;
and in determining for the purposes of this definition whether the whole or any part of the interest on a loan is so eligible for relief, it shall be assumed that interest at a uniform rate is paid on the loan, whether or not that is in fact the case;
- “*excess liability*” means liability to income tax over what it would be if all income tax not chargeable at the lower rateby virtue of section 1(2)(aa) were charged at the basic rate, or (so far as applicable in accordance with section 207A) the lower rate,, to the exclusion of any higher rate;
- “*home loan*” means—
- (a) any loan the interest on which is, or apart from section 357 would have been, eligible for relief by virtue of section 355(1)(a), 356(1) or 365; and
- (b) in a case where part of the interest on a loan is or would have been so eligible for relief, that proportion of the loan which that part of the interest bears to the whole of the interest;
and in determining for the purposes of this definition whether the whole or any part of the interest on a loan is or would have been so eligible for relief, it shall be assumed that interest at a uniform rate is paid on the loan, whether or not that is in fact the case;
- “*loan*”, except in Part I of this Schedule, shall be construed in accordance with sub-paragraphs (3) to (5) below;
- “*nominal element*”, in relation to the employee, means the amount (if any) which, apart from paragraph 15 above, would, by virtue of section 161(1), not have been charged to tax under section 160 in that year in his case.
- (2) Interest is “*eligible for relief*” for the purposes of this Schedule if it is eligible for relief under section 353 or would be eligible for such relief apart from subsection (2) of that section.
- (3) In the definitions of “*eligible loan*” and “*home loan*” in sub-paragraph (1) above, “*loan*” means any such loan as is mentioned in section 160(1), and for this purpose sub-paragraphs (4) and (5) below shall be disregarded.
- (4) Where by virtue of sub-paragraph (1) above part of a loan constitutes a home loan or an eligible loan, the loan shall be treated for the purposes of this Schedule, apart from Part I, as if it were two or more separate loans, consisting respectively—
- (a) of the part (if any) which is a home loan,
- (b) of the part (if any) which is an eligible loan, and
- (c) of the part (if any) which is neither a home loan nor an eligible loan,
and, subject to sub-paragraph (5) below, references in this Schedule, apart from Part I, to loans, home loans and eligible loans shall be construed accordingly.
- (5) Except for home loans and eligible loans, all the loans between the same lender and borrower for which a cash equivalent falls to be ascertained and which are outstanding at any time, as to any amount, in any year are to be treated for the purposes of this Schedule, apart from Part I, as a single loan.
## SCHEDULE 7A
### Introduction
##### 1
For the purposes of section 161B(1) a loan “*on ordinary commercial terms*” means a loan—
- (a) made by a person (“*the lender*”) in the ordinary course of a business carried on by him which includes—
- (i) the lending of money, or
- (ii) the supplying of goods or services on credit, and
- (b) in relation to which the requirements of paragraph 2, 3 or 4 below are met.
### Requirements relating to original loan
##### 2
- (1) This paragraph applies to any loan and the relevant time for the purposes of this paragraph is the time the loan was made.
- (2) The requirements of this paragraph are—
- (a) that at the relevant time comparable loans were available to all those who might be expected to avail themselves of the services provided by the lender in the course of his business;
- (b) that a substantial proportion of the relevant loans were made to members of the public;
- (c) that the loan in question and comparable loans generally made by the lender at or about the relevant time to members of the public are held on the same terms; and
- (d) that if those terms differ from those applicable immediately after the relevant time they were imposed in the ordinary course of the lender’s business.
- (3) For the purposes of this paragraph a loan is comparable to another loan if it is made for the same or similar purposes and on the same terms and conditions.
- (4) The relevant loans for the purposes of sub-paragraph (2)(b) are—
- (a) the loan in question, and
- (b) comparable loans made by the lender at or about the relevant time.
- (5) In determining for the purposes of this paragraph whether any loans made by any person before 1st June 1994 are made on the same terms or conditions, or held on the same terms, there shall be left out of account any amounts, by way of fees, commission or other incidental expenses, incurred for the purpose of obtaining any of those loans by the persons to whom they are made.
### Requirements relating to loan varied before 6th April 2000
##### 3
- (1) This paragraph applies to a loan that has been varied before 6th April 2000 and the relevant time for the purposes of this paragraph is the time of the variation.
- (2) The requirements of this paragraph are—
- (a) that a substantial proportion of the relevant loans were made to members of the public;
- (b) that the loan in question and relevant loans generally made by the lender at or about the relevant time to members of the public are held on the same terms; and
- (c) that if those terms differ from those applicable immediately after the relevant time they were imposed in the ordinary course of the lender’s business.
- (3) The relevant loans for the purposes of sub-paragraph (2)(a) are—
- (a) the loan in question;
- (b) any existing loans which were varied at or about the time of the variation of the loan in question so as to be held on the same terms as that loan after it was varied;
- (c) any new loans made by the lender, at or about that time, which are held on those terms.
### Requirements relating to loan varied on or after 6th April 2000
##### 4
- (1) The requirements of this paragraph apply to a loan that has been varied on or after 6th April 2000 and the relevant time for the purposes of this paragraph is the time of the variation.
- (2) The first requirement is that at the relevant time members of the public that had loans from the lender for similar purposes had a right to vary their loans on the same terms and conditions as applied in relation to the variation of the loan in question.
- (3) The second requirement is that any existing loans so varied and the loan in question as varied are held on the same terms.
- (4) The third requirement is that if those terms differ from the terms applicable immediately after the relevant time, they were imposed in the ordinary course of the lender’s business.
- (5) The fourth requirement is that a substantial proportion of the relevant loans were made to members of the public.
- (6) The relevant loans for the purposes of sub-paragraph (5) are—
- (a) the loan in question;
- (b) any existing loans which were varied at or about the time of the variation of the loan in question so as to be held on the same terms as that loan after it was varied;
- (c) any new loans made by the lender, at or about that time, which are held on those terms.
### Disregard of certain penalties, fees, etc.
##### 5
Amounts incurred by the person to whom a loan is made—
- (a) on penalties or interest or similar amounts incurred as a result of varying the loan, and
- (b) on fees, commission or other incidental expenses, incurred for the purpose of obtaining the loan,
shall be left out of account in determining for the purposes of paragraph 3 or 4 whether rights to vary loans are exercisable on the same terms and conditions or loans are held on the same terms.
### Meaning of 'member of the public’
##### 6
For the purposes of this Schedule a “*member of the public*” means a member of the public at large with whom the lender deals at arm’s length.
##### 13A
- (1) Where a scheme includes provision by virtue of paragraph 13(4) or (5) above the scheme must be so framed that in arriving at the profits for the base year or for the previous profit period any profit-related pay and any secondary Class I contributions in respect of it are accorded the same accountancy treatment as is accorded to any profit-related pay and any secondary Class I contributions in respect of it in arriving at the profits in the profit period.
- (2) In sub-paragraph (1) above—
- (a) “*profit-related pay*” means profit-related pay under whatever scheme;
- (b) “*secondary Class I contributions*” means secondary Class I contributions under Part I of the Social Security Act 1975 or Part I of the Social Security (Northern Ireland) Act 1975 or Part I of the Social Security Contributions and Benefits Act 1992 or Part I of the Social Security Contributions and Benefits (Northern Ireland) Act 1992.
- (3) Sub-paragraph (1) above shall apply notwithstanding anything in paragraph 19 below.
- (4) Where a scheme includes provision by virtue of paragraph 13(4) above the scheme must also include provision that if the pay for the profit period is less than the pay for the base year or for the previous profit period (as the case may be) the percentage to be applied for the purposes of the provision included by virtue of paragraph 13(4) above shall be the increased percentage (instead of any other percentage).
- (5) The increased percentage must be one arrived at by—
- (a) taking the percentage that would be applied for the purposes of the provision included by virtue of paragraph 13(4) above apart from the provision included by virtue of sub-paragraph (4) above, and
- (b) adding the percentage found by expressing the difference in pay as a percentage of the profits for the base year or for the previous profit period (as the case may be).
- (6) For the purposes of this paragraph—
- (a) the pay for the profit period or for the previous profit period or for the base year is the pay paid to employees in respect of employment in the period or year concerned in the employment unit concerned;
- (b) the difference in pay is the difference between the pay for the profit period and the pay for the previous profit period or for the base year (as the case may be);
and any profit-related pay shall be ignored in applying paragraph (a) above.
##### 14A
- (1) Where a scheme includes provision to give effect to paragraph 14(3) above or provision by virtue of paragraph 14(4) above the scheme must be so framed that in arriving at the profits in the preceding period of 12 months any profit-related pay and any secondary Class I contributions in respect of it are accorded the same accountancy treatment as is accorded to any profit-related pay and any secondary Class I contributions in respect of it in arriving at the profits in the profit period.
- (2) Where a scheme includes provision by virtue of paragraph 14(5) above the scheme must be so framed that in arriving at the profits in the relevant period of 12 months any profit-related pay and any secondary Class I contributions in respect of it are accorded the same accountancy treatment as is accorded to any profit-related pay and any secondary Class I contributions in respect of it in arriving at the profits in the profit period; and for this purpose the relevant period of 12 months is the period of 12 months immediately preceding the first or only profit period to which the scheme relates.
- (3) In sub-paragraphs (1) and (2) above—
- (a) “*profit-related pay*” means profit-related pay under whatever scheme;
- (b) “*secondary Class I contributions*” means secondary Class I contributions under Part I of the Social Security Contributions and Benefits Act 1992 or Part I of the Social Security Contributions and Benefits (Northern Ireland) Act 1992.
- (4) Sub-paragraphs (1) and (2) above shall apply notwithstanding anything in paragraph 19 below.
- (5) Where a scheme includes provision by virtue of paragraph 14(4) above the scheme must also include provision that if the pay for the profit period is less than the pay for the preceding period of 12 months the percentage to be applied for the purposes of the provision included by virtue of paragraph 14(4) above shall be the increased percentage (instead of any other percentage).
- (6) The increased percentage must be one arrived at by—
- (a) taking the percentage that would be applied for the purposes of the provision included by virtue of paragraph 14(4) above apart from the provision included by virtue of sub-paragraph (5) above, and
- (b) adding the percentage found by expressing the difference in pay as a percentage of the profits in the preceding period of 12 months.
- (7) For the purposes of this paragraph—
- (a) the pay for the profit period or for the preceding period of 12 months is the pay paid to employees in respect of employment in the period concerned in the employment unit concerned;
- (b) the difference in pay is the difference between the pay for the profit period and the pay for the preceding period of 12 months;
and any profit-related pay shall be ignored in applying paragraph (a) above.
##### 19A
- (1) The Treasury may by order amend paragraph 19 above so as to add to, delete or vary any of the items mentioned in sub-paragraph (6) of that paragraph.
- (2) In this paragraph references to an order are references to an order under sub-paragraph (1) above.
- (3) Subject to sub-paragraphs (4) to (8) below, any amendment or amendments made by virtue of an order shall have effect in relation to the preparation, for the purposes of a scheme, of a profit and loss account in respect of a period beginning on or after the day on which the order comes into force.
- (4) Any amendment or amendments made by virtue of an order shall not have effect in relation to an existing scheme unless, before the end of the period of 6 months beginning with the day on which the order comes into force, the scheme is altered to take account of the amendment or amendments.
- (5) Sub-paragraphs (6) to (8) below apply where, before the end of the period mentioned in sub-paragraph (4) above, an existing scheme is altered as mentioned in that sub-paragraph.
- (6) The provision made by the scheme in compliance with paragraph 20(1) below shall not prevent a profit and loss account being prepared in accordance with the alteration.
- (7) Where the distributable pool would but for this sub-paragraph be determined by reference—
- (a) to an amount shown in a profit and loss account prepared in accordance with the altered scheme, and
- (b) to an amount shown in a profit and loss account (“an earlier account”) prepared in accordance with the scheme in a form in which it stood before the alteration,
then, for the purposes of the determination of the pool, the amount shown in the earlier account shall be recalculated using the same method as that used to calculate the amount mentioned in paragraph (a) above.
- (8) The alteration of the existing scheme shall be treated as being within subsection (8) of section 177B.
- (9) An order may include such supplementary, incidental or consequential provisions as appear to the Treasury to be necessary or expedient.
- (10) In this paragraph “*an existing scheme*”, in relation to an order, means a scheme which, immediately before the day on which the order comes into force, is a registered scheme.
### Parts of undertakings
##### 21
- (1) This paragraph shall apply to a scheme if the employment unit is a part of an undertaking, and the scheme states that the profits or losses of the unit are for the purposes of the scheme to be taken to be equivalent to those of the whole undertaking (which must be identified by the scheme).
- (2) Where this paragraph applies to a scheme, this Schedule shall have effect as if any reference to the profits or losses of the employment unit were a reference to the profits or losses of the undertakings of which it forms part.
##### 22
- (1) Where paragraph 21 above applies to a scheme, the scheme must contain provisions ensuring that no payments are made under it by reference to a profit period unless, at the beginning of that profit period,—
- (a) there is at least one other registered scheme which relates to employees employed in the same undertaking as that of which the employment unit forms part, and
- (b) the number of the employees to whom the scheme relates does not exceed 33 per cent. of the number of the employees to whom that other scheme relates (or if there is more than one other scheme, the aggregate number of the employees to whom they relate).
- (2) Another registered scheme shall be disregarded for the purposes of sub-paragraph (1) above—
- (a) if paragraph 21 above applies to it, or
- (b) if, by virtue of provisions of the kind described in paragraph 6 above, no payments could be made under it by reference to the profit period concerned.
- (3) Where paragraph 21 above applies to two or more schemes relating to employment units which are parts of the same undertaking, an employee to whom another scheme relates shall not be counted for the purposes of sub-paragraph (1)(b) above in connection with more than one of those schemes.
##### 23
- (1) In a case where—
- (a) paragraph 21 above applies to a scheme, and
- (b) method A (specified in paragraph 13 above) is employed for the purposes of the scheme,
the scheme must contain provisions which comply with this paragraph and which apply as regards each profit period to which the scheme relates.
- (2) The scheme must ensure that no payments are made under it by reference to a given profit period if the percentage mentioned in paragraph 13(1) above exceeds the permitted percentage.
- (3) The scheme must ensure that the permitted percentage is a percentage found by—
- (a) taking the pay paid to employees in respect of employment in the relevant year in the employment unit to which the other scheme mentioned in paragraph 22(1)(a) above relates or (if there are two or more other schemes) the aggregate of the pay paid to employees in respect of employment in the relevant year in the employment units to which the other schemes relate;
- (b) taking the profit-related pay paid to employees in respect of employment in the relevant year in the employment unit to which the other scheme mentioned in paragraph 22(1)(a) above relates or (if there are two or more other schemes) the aggregate of the profit-related pay paid to employees in respect of employment in the relevant year in the employment units to which the other schemes relate;
- (c) taking the pay paid to employees in respect of employment in the relevant year in the employment unit to which the scheme mentioned in paragraph 21 above relates;
- (d) taking the fraction whose denominator is equal to the number of whole pounds found under paragraph (a) above and whose numerator is equal to the number of whole pounds found under paragraph (b) above;
- (e) multiplying the amount found under paragraph (c) above by the fraction found under paragraph (d) above;
- (f) taking the profits for the relevant year of the undertaking mentioned in paragraph 21 above;
- (g) expressing the amount found under paragraph (e) above as a percentage of the amount found under paragraph (f) above;
- (h) taking the percentage found under paragraph (g) above as the permitted percentage.
- (4) The scheme must ensure that the relevant year is a period of 12 months identified in the scheme and ending at a time within the period of two years immediately preceding the given profit period.
##### 24
- (1) In a case where—
- (a) paragraph 21 above applies to a scheme, and
- (b) method B (specified in paragraph 14 above) is employed for the purposes of the scheme,
the scheme must contain provisions which comply with this paragraph and which apply as regards each profit period to which the scheme relates.
- (2) The scheme must ensure that no payments are made under it by reference to the first or only profit period to which the scheme relates if the notional pool mentioned in paragraph 14(1)(a) above exceeds the permitted limit.
- (3) The scheme must also ensure that no payments are made under it by reference to a given profit period other than the first if the distributable pool for the previous profit period (mentioned in paragraph 14(1)(b) above) exceeds the permitted limit.
- (4) The scheme must ensure that the permitted limit is a limit found by—
- (a) taking the pay paid to employees in respect of employment in the relevant year in the employment unit to which the other scheme mentioned in paragraph 22(1)(a) above relates or (if there are two or more other schemes) the aggregate of the pay paid to employees in respect of employment in the relevant year in the employment units to which the other schemes relate;
- (b) taking the profit-related pay paid to employees in respect of employment in the relevant year in the employment unit to which the other scheme mentioned in paragraph 22(1)(a) above relates or (if there are two or more other schemes) the aggregate of the profit-related pay paid to employees in respect of employment in the relevant year in the employment units to which the other schemes relate;
- (c) taking the pay paid to employees in respect of employment in the relevant year in the employment unit to which the scheme mentioned in paragraph 21 above relates;
- (d) taking the fraction whose denominator is equal to the number of whole pounds found under paragraph (a) above and whose numerator is equal to the number of whole pounds found under paragraph (b) above;
- (e) multiplying the amount found under paragraph (c) above by the fraction found under paragraph (d) above;
- (f) taking the amount found under paragraph (e) above as the permitted limit.
- (5) The scheme must ensure that the relevant year is—
- (a) a period of 12 months identified in the scheme and ending at a time within the period of two years immediately preceding the first or only profit period to which the scheme relates (in the case of provisions contained in the scheme by virtue of sub-paragraph (2) above);
- (b) a period of 12 months identified in the scheme and ending at a time within the period of two years immediately preceding the given profit period (in the case of provisions contained in the scheme by virtue of sub-paragraph (3) above).
##### 8A
- (1) In the case of a savings-related share option scheme or a profit sharing scheme, the scheme must specify what age is to be the specified age for the purposes of the scheme.
- (2) The age specified—
- (a) must be the same for men and women, and
- (b) must be not less than 60 and not more than 75.
##### 11A
- (1) In the case of a profit sharing scheme, scheme shares must not be shares—
- (a) in an employer company, or
- (b) in a company that—
- (i) has control of an employer company, and
- (ii) is under the control of a person or persons within sub-paragraph (2)(b)(i) below in relation to an employer company.
- (2) For the purposes of this paragraph a company is “*an employer company*” if—
- (a) the business carried on by it consists substantially in the provision of the services of the persons employed by it, and
- (b) the majority of those services are provided to—
- (i) a person who has, or two or more persons who together have, control of the company, or
- (ii) a company associated with the company.
- (3) For the purposes of sub-paragraph (2)(b)(ii) above a company shall be treated as associated with another company if both companies are under the control of the same person or persons.
- (4) For the purposes of sub-paragraphs (1) to (3) above—
- (a) references to a person include a partnership, and
- (b) where a partner, alone or together with others, has control of a company, the partnership shall be treated as having like control of that company.
- (5) For the purposes of this paragraph the question whether a person controls a company shall be determined in accordance with section 416(2) to (6).
### Shares subject to an employee benefit trust
##### 40
- (1) Where an individual has an interest in shares or obligations of the company as a beneficiary of an employee benefit trust, the trustees shall not be regarded as associates of his by reason only of that interest unless sub-paragraph (3) below applies in relation to him.
- (2) In this paragraph “*employee benefit trust*” has the same meaning as in paragraph 7 of Schedule 8.
- (3) This sub-paragraph applies in relation to an individual if at any time on or after 14th March 1989—
- (a) the individual, either on his own or with any one or more of his associates, or
- (b) any associate of his, with or without other such associates,
has been the beneficial owner of, or able (directly or through the medium of other companies or by any other indirect means) to control, more than 25 per cent., or in the case of a share option scheme which is not a savings-related share option scheme more than 10 per cent., of the ordinary share capital of the company.
- (4) Sub-paragraphs (9) to (12) of paragraph 7 of Schedule 8 shall apply for the purposes of this paragraph in relation to an individual as they apply for the purposes of that paragraph in relation to an employee.
##### 3A
- (1) In paragraph 3 above the reference to the relevant age shall be construed as follows.
- (2) Where the scheme is approved before 25th July 1991 and the event occurs before 30th November 1993, the relevant age is
- (a) in the case of a man, 65, and
- (b) in the case of a woman, 60.
- (3) Where—
- (a) the scheme is approved before 25th July 1991,
- (b) the event occurs on or after 30th November 1993,
- (c) the scheme defines the period of retention by reference to the age of 60 for both men and women, and
- (d) the reference to that age is incorporated in the definition by virtue of an alteration approved by the Board under paragraph 4 of Schedule 9 before the event occurs,
the relevant age is 60.
- (4) Where—
- (a) the scheme is approved before 25th July 1991,
- (b) the event occurs on or after 30th November 1993, and
- (c) sub-paragraph (3) above does not apply,
the relevant age is in the case of a man, 65, and in the case of a woman, 60.
- (5) Where the scheme is approved on or after 25th July 1991, the relevant age is the specified age.
##### 5A
- (1) Paragraph 5(2) to (6) above apply where there occurs in relation to any of a participant’s shares (“*the original holding*”) a relevant transaction which would result in a new holding being equated with the original holding for the purposes of capital gains tax, were it not for the fact that what would be the new holding consists of or includes a qualifying corporate bond; and “*relevant transaction*” here means a transaction mentioned in Chapter II of Part IV of the 1992 Act.
- (2) In paragraph 5(2) to (6) above as applied by this paragraph—
- (a) references to a company reconstruction are to the transaction referred to in sub-paragraph (1) above;
- (b) references to the new holding are to what would be the new holding were it not for the fact mentioned in sub-paragraph (1) above;
- (c) references to the original holding shall be construed in accordance with sub-paragraph (1) above (and not paragraph 5(1));
- (d) references to shares, in the context of the new holding, include securities and rights of any description which form part of the new holding.
- (3) In sub-paragraph (1) above “*qualifying corporate bond*” shall be construed in accordance with section 117 of the 1992 Act.
## SCHEDULE 11A
## Part I — TAX RELIEF
##### 1
- (1) Where by reason of a person’s employment—
- (a) any sums are paid to that person (the employee) in respect of qualifying removal expenses,
- (b) any sums are paid on behalf of the employee to another person in respect of qualifying removal expenses, or
- (c) any qualifying removal benefit is provided for the employee or for others being members of his family or household,
the employee shall not thereby be regarded as receiving emoluments of the employment for any purpose of Case I or Case II of Schedule E.
- (2) Sub-paragraph (1) above shall have effect subject to Part V of this Schedule.
##### 2
- (1) This paragraph applies where—
- (a) any payment or benefit would (apart from paragraph 1 above) constitute emoluments of an employment for any purpose of Case I or Case II of Schedule E, and
- (b) by virtue of that paragraph it is treated as not being such emoluments.
- (2) The payment or benefit shall be treated as not being emoluments of the employment for any purpose of Case III of Schedule E.
## Part II — QUALIFYING EXPENSES AND QUALIFYING BENEFITS
### Qualifying removal expenses
##### 3
- (1) Expenses are not qualifying removal expenses unless they are eligible removal expenses and the conditions set out in this paragraph and paragraph 5 below are fulfilled.
- (2) The expenses must be reasonably incurred by the employee in connection with a change of his residence.
- (3) The expenses must be incurred on or before the relevant day.
### Qualifying removal benefits
##### 4
- (1) A benefit is not a qualifying removal benefit unless it is an eligible removal benefit and the conditions set out in this paragraph and paragraph 5 below are fulfilled.
- (2) The benefit must be reasonably provided in connection with a change of the employee’s residence.
- (3) The benefit must be provided on or before the relevant day.
### Connection with employment
##### 5
- (1) The change of residence mentioned in paragraphs 3(2) and 4(2) above must result from—
- (a) the employee becoming employed by an employer,
- (b) an alteration of the duties of the employee’s employment (where his employer remains the same), or
- (c) an alteration of the place where the employee is normally to perform the duties of his employment (where both his employer and the duties of his employment remain the same).
- (2) The change must be made wholly or mainly to allow the employee to have his residence within a reasonable daily travelling distance of—
- (a) the place where he performs, or is to perform, the duties of his employment (where sub-paragraph (1)(a) above applies);
- (b) the place where he performs, or is to perform, the new duties of his employment (where sub-paragraph (1)(b) above applies);
- (c) the new place where he performs, or is to perform, the duties of his employment (where sub-paragraph (1)(c) above applies);
and any reference in this sub-paragraph to the place where the employee performs, or is to perform, duties of his employment is to the place where he normally performs, or is normally to perform, those duties.
- (3) The employee’s former residence must not be within a reasonable daily travelling distance of the place mentioned in sub-paragraph (2) above.
### The relevant day
##### 6
- (1) Subject to sub-paragraph (2) below, the relevant day, in relation to a particular change of residence, is the day on which the relevant year ends; and for the purposes of this sub-paragraph the relevant year is the year of assessment next following the year of assessment in which—
- (a) the employee begins to perform the duties of his employment (where paragraph 5(1)(a) above applies);
- (b) the employee begins to perform the new duties of his employment (where paragraph 5(1)(b) above applies);
- (c) the employee begins to perform the duties of his employment at the new place (where paragraph 5(1)(c) above applies).
- (2) If it appears reasonable to the Board to do so, having regard to all the circumstances of a particular change of residence, they may direct that in relation to that change the relevant day is a day which—
- (a) falls after the day mentioned in sub-paragraph (1) above, and
- (b) is a day on which a year of assessment ends.
## Part III — ELIGIBLE REMOVAL EXPENSES
### Introduction
##### 7
Expenses are eligible removal expenses if they fall into one of the following categories—
- (a) expenses of disposal,
- (b) expenses of acquisition,
- (c) expenses of abortive acquisition,
- (d) expenses of transporting belongings,
- (e) travelling and subsistence expenses,
- (f) bridging loan expenses, and
- (g) duplicate expenses;
and paragraphs 8 to 14 below apply for the purpose of interpreting the preceding provisions of this paragraph.
### Expenses of disposal
##### 8
- (1) Expenses fall within paragraph 7(a) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) that interest is disposed of, or is intended to be disposed of, in consequence of the change of residence, and
- (c) the expenses fall within sub-paragraph (2) below.
- (2) Expenses fall within this sub-paragraph if they consist of one of the following—
- (a) legal expenses connected with the disposal or intended disposal of the employee’s interest in his former residence (including legal expenses connected with the redemption of any loan relating to the residence),
- (b) any penalty for redeeming, for the purpose of the disposal or intended disposal, any loan relating to the residence,
- (c) fees of any estate agent or auctioneer engaged in the disposal or intended disposal,
- (d) expenses of advertising the disposal or intended disposal,
- (e) charges for disconnecting, for the purpose of the disposal or intended disposal, public utilities serving the residence,
- (f) expenses of maintaining, insuring, or preserving the security of the residence at any time when unoccupied pending the disposal or intended disposal, and
- (g) any rent paid in respect of the residence at any such time.
- (3) The reference in this paragraph to the employee having an interest in his former residence includes a reference to—
- (a) one or more members of the employee’s family or household having such an interest;
- (b) the employee and one or more members of his family or household having such an interest;
and references to the disposal or intended disposal of the employee’s interest in his former residence shall be construed accordingly.
- (4) For the purposes of this paragraph a loan relates to a residence if the loan was raised to obtain an interest in the residence, or an interest in the residence forms security for the loan, or both.
### Expenses of acquisition
##### 9
- (1) Expenses fall within paragraph 7(b) above if (and only if) the employee acquires an interest in his new residence and the expenses consist of one of the following—
- (a) legal expenses connected with the acquisition by the employee of the interest (including legal expenses connected with any loan raised to acquire the interest),
- (b) any procurement fees connected with any such loan,
- (c) the costs of any insurance effected to cover risks which are incurred by the maker of any such loan and which arise because the amount of the loan is equal to the whole, or a substantial part, of the value of the interest,
- (d) fees relating to any survey or inspection of the residence undertaken in connection with the acquisition by the employee of the interest,
- (e) fees payable to an appropriate registry or appropriate register in connection with the acquisition by the employee of the interest,
- (f) stamp duty charged on the acquisition, and
- (g) charges for connecting any public utility for use by the employee, if the utility serves the residence.
- (2) References in this paragraph to the employee acquiring an interest in his new residence include references to—
- (a) one or more members of the employee’s family or household acquiring such an interest;
- (b) the employee and one or more members of his family or household acquiring such an interest.
- (3) References in this paragraph to a loan are to a loan raised by the employee, by one or more members of the employee’s family or household or by the employee and one or more members of his family or household.
- (4) The reference in this paragraph to a utility for use by the employee includes a reference to a utility for use by the employee and one or more members of his family or household.
- (5) For the purposes of this paragraph an appropriate registry is any of the following—
- (a) Her Majesty’s Land Registry;
- (b) the Land Registry in Northern Ireland;
- (c) the Registry of Deeds for Northern Ireland;
and an appropriate register is any register under the management and control of the Keeper of the Registers of Scotland.
### Expenses of abortive acquisition
##### 10
- (1) If after the taxpayer has made an averaging claim, his relevant profits in either or both of the tax years to which the claim relates are adjusted for some other reason—
- (a) the averaging claim shall be disregarded, and
- (b) a further averaging claim may be made in relation to the taxpayer’s relevant profits as adjusted.
- (2) A further averaging claim is not out of time provided it is made not later than twelve months after the 31st January next following the tax year in which the adjustment for the other reason is made.
Expenses fall within paragraph 7(c) above if (and only if)—
- (a) they are incurred with a view to the acquisition of an interest in a residence, the interest is not acquired, but (if it were) the residence would be the employee’s new residence,
- (b) they would fall within paragraph 7(b) above if the interest were acquired, and
- (c) the interest is not acquired because of circumstances outside the control of the person seeking to acquire the interest, or because that person reasonably declines to proceed.
### Expenses of transporting belongings
##### 11
- (1) References in this Schedule to the taxpayer’s profits from a qualifying trade, profession or vocation are to profits before making deductions for losses sustained in any tax year.
- (2) If the taxpayer sustains a loss in the qualifying trade, profession or vocation in any tax year, the profits of that year for the purposes of this Schedule are nil.
This shall not be read as preventing the taxpayer from obtaining relief under the Income Tax Acts for a loss sustained by him in that or any other tax year.
- (1) Expenses fall within paragraph 7(d) above if (and only if) they consist of one of the following—
- (a) expenses connected with transporting domestic belongings from the employee’s former residence to his new residence, and
- (b) the costs of any insurance effected to cover such transporting.
- (2) For the purposes of this paragraph transporting includes—
- (a) packing and unpacking belongings,
- (b) temporarily storing them if a direct move from the former to the new residence is not made,
- (c) detaching domestic fittings from the former residence if they are to be taken to the new residence, and
- (d) attaching domestic fittings to the new residence, and adapting them, if they are brought from the old residence.
- (3) For the purposes of this paragraph domestic belongings are those of the employee and of members of his family or household.
### Travelling and subsistence expenses
##### 12
In this Schedule any reference to the amount in which a person is chargeable to tax is a reference to the amount in which he is so chargeable after taking into account any relief or allowance for which a claim is made.
- (1) Expenses fall within paragraph 7(e) above if (and only if) they consist of one of the following—
- (a) the costs of travelling and subsistence of the employee and members of his family or household while making temporary visits to the new area for purposes connected with the change,
- (b) the employee’s costs of travelling between his former residence and the place where he normally performs his new duties or (where paragraph 5(1)(c) above applies) between his former residence and the new place where he normally performs the duties of his employment,
- (c) where paragraph 5(1)(b) or (c) above applies, the employee’s costs of travelling, before the alteration mentioned in paragraph 5(1)(b) or (c), between his new residence and his original place of work,
- (d) costs of the employee’s subsistence (other than costs falling within paragraph (a) above),
- (e) the employee’s costs of travelling between his former residence and any temporary living accommodation of the employee,
- (f) where paragraph 5(1)(b) or (c) above applies, the employee’s costs of travelling, before the alteration mentioned in paragraph 5(1)(b) or (c), between his new residence and any temporary living accommodation of the employee,
- (g) the costs of travelling of the employee and members of his family or household from the employee’s former residence to his new residence in connection with the change,
- (h) a relevant child’s costs of subsistence while staying, for the purposes of securing the continuity of his education, in living accommodation in the old area after the change,
- (i) a relevant child’s costs of travelling between the accommodation mentioned in paragraph (h) above and the employee’s new residence,
- (j) a relevant child’s costs of subsistence while staying, for the purposes of securing the continuity of his education, in living accommodation in the new area before the change, and
- (k) a relevant child’s costs of travelling between the accommodation mentioned in paragraph (j) above and the employee’s former residence.
- (2) For the purposes of this paragraph—
- (a) the employee’s new duties are the duties of his employment (where paragraph 5(1)(a) above applies) or the new duties of his employment (where paragraph 5(1)(b) above applies),
- (b) the new area is the area round or near the place where the employee’s new duties are, or are to be, normally performed, or (where paragraph 5(1)(c) above applies) the area round or near the new place where the duties of the employee’s employment are, or are to be, normally performed,
- (c) the employee’s original place of work is the place where, before the alteration mentioned in paragraph 5(1)(b) or (c) above, the employee normally performs the duties of his employment,
- (d) a relevant child is a person who is a member of the employee’s family or household and who is aged under 19 at the material time, and
- (e) the old area is the area round or near the former residence of the employee.
- (3) For the purposes of this paragraph the material time is the beginning of the year of assessment in which—
- (a) the employee becomes employed by an employer,
- (b) the alteration of the duties of the employee’s employment becomes effective, or
- (c) the alteration of the place where the employee is normally to perform the duties of his employment becomes effective.
- (4) In a case where—
- (a) expenses are incurred by the employee,
- (b) the expenses would, apart from this sub-paragraph, fall within paragraph 7(e) above, and
- (c) a deduction is allowable under any of sections 193 to 195 in respect of the whole or part of the expenses,
the expenses or, as the case may be, the part of them in respect of which the deduction is allowable shall be treated as not falling within paragraph 7(e) above.
### Bridging loan expenses
##### 13
- (1) In this Schedule any reference to a claim includes a reference to an election or notice.
- (2) For the purposes of this Schedule, two or more claims made by the same person are associated with each other if each of them is any of the following—
- (a) a claim to which this Schedule applies, or
- (b) a claim to which Schedule 1B to the Management Act applies (other claims involving more than one year to be given effect in later year),
and the same tax year is the earlier year in relation to each of those claims.
- (3) In sub-paragraph (2)—
- (a) the reference to a claim to which this Schedule applies includes amendments and revocations to which paragraph 9 above applies;
- (b) the reference to a claim to which Schedule 1B to the Management Act applies includes amendments and revocations to which paragraph 4 of that Schedule applies.
- (1) Expenses fall within paragraph 7(f) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) he disposes of that interest in consequence of the change of residence,
- (c) he acquires an interest in his new residence, and
- (d) the expenses consist of interest falling within sub-paragraph (2) below.
- (2) Interest falls within this sub-paragraph if it is payable by the employee in respect of a loan raised by him and the reason, or one of the reasons, for the loan being raised is that a period elapses between—
- (a) the date when expenditure is incurred in connection with the acquisition of the employee’s interest in his new residence, and
- (b) the date when the proceeds of the disposal of the employee’s interest in his former residence are available.
- (3) Interest on so much of the loan as exceeds the market value of the employee’s interest in his former residence (taken at the time his interest in his new residence is acquired) shall be regarded as not falling within sub-paragraph (2) above.
- (4) Interest on so much of the loan as is not used for any of the following purposes shall also be regarded as not falling within sub-paragraph (2) above—
- (a) the purpose of redeeming any loan relating to the employee’s former residence and raised by him;
- (b) the purpose of acquiring the employee’s interest in his new residence.
- (5) For the purposes of this paragraph a loan relates to a residence if the loan was raised to obtain an interest in the residence, or an interest in the residence forms security for the loan, or both.
- (6) References in this paragraph to the employee having, disposing of or acquiring an interest in a residence include references to—
- (a) one or more members of the employee’s family or household having, disposing of or acquiring such an interest;
- (b) the employee and one or more members of his family or household having, disposing of or acquiring such an interest;
and references to the employee’s interest shall be construed accordingly.
- (7) The reference in this paragraph to interest payable by the employee includes a reference to interest payable by one or more members of the employee’s family or household or by the employee and one or more members of his family or household.
- (8) References in this paragraph to a loan raised by the employee include references to a loan raised by one or more members of the employee’s family or household or by the employee and one or more members of his family or household.
### Duplicate expenses
##### 14
In this Schedule a “*tax year*” means a year of assessment.
## SCHEDULE 5AA
### Charge to tax etc.
- (1) Expenses fall within paragraph 7(g) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) he disposes of that interest in consequence of the change of residence,
- (c) he acquires an interest in his new residence,
- (d) the expenses are incurred by the employee as a result of the change, and
- (e) the expenses are incurred on the purchase of domestic goods intended to replace goods which were used at the employee’s former residence but which are not suitable for use at his new residence.
- (2) In arriving at the total of the expenses any amount mentioned in sub-paragraph (3) below shall be deducted from what would be the total apart from this sub-paragraph; and accordingly an amount equal to the aggregate of such amounts shall not be treated as eligible removal expenses.
- (3) The amount is any amount obtained in respect of the sale of the replaced goods.
- (4) References in this paragraph to the employee having, disposing of or acquiring an interest in a residence include references to—
- (a) one or more members of the employee’s family or household having, disposing of or acquiring such an interest;
- (b) the employee and one or more members of his family or household having, disposing of or acquiring such an interest.
### Power to amend
##### 15
- (1) The Treasury may make regulations amending the preceding provisions of this Part of this Schedule so as to secure that expenses that would not be eligible removal expenses (apart from the regulations) are such expenses.
- (2) Any such regulations may include such supplementary, incidental or consequential provisions as appear to the Treasury to be necessary or expedient; and such provisions may be made by way of amendment to other Parts of this Schedule, or otherwise.
- (3) Any such regulations shall have effect as regards any change of an employee’s residence which results from—
- (a) the employee becoming employed by an employer on or after the specified day;
- (b) an alteration, with effect from a time falling on or after the specified day, of the duties of the employee’s employment;
- (c) an alteration, with effect from a time falling on or after the specified day, of the place where the employee is normally to perform the duties of his employment;
and in this sub-paragraph “*the specified day*” means the day specified in the regulations for the purposes of this sub-paragraph.
## Part IV — ELIGIBLE REMOVAL BENEFITS
### Introduction
##### 16
Benefits are eligible removal benefits if they fall into one of the following categories—
- (a) benefits in respect of disposal,
- (b) benefits in respect of acquisition,
- (c) benefits in respect of abortive acquisition,
- (d) benefits in respect of the transporting of belongings,
- (e) travelling and subsistence benefits, and
- (f) benefits in respect of the new residence;
and paragraphs 17 to 22 below apply for the purpose of interpreting the preceding provisions of this paragraph.
### Benefits in respect of disposal
##### 17
- (1) A benefit falls within paragraph 16(a) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) that interest is disposed of, or is intended to be disposed of, in consequence of the change of residence, and
- (c) the benefit falls within sub-paragraph (2) below.
- (2) A benefit falls within this sub-paragraph if it consists of one of the following—
- (a) legal services connected with the disposal or intended disposal of the employee’s interest in his former residence (including legal services connected with the redemption of any loan relating to the residence),
- (b) the waiving of any penalty for redeeming, for the purpose of the disposal or intended disposal, any loan relating to the residence,
- (c) the services of an estate agent or auctioneer engaged in the disposal or intended disposal,
- (d) services connected with the advertisement of the disposal or intended disposal,
- (e) the disconnection, for the purpose of the disposal or intended disposal, of public utilities serving the residence, and
- (f) services connected with the maintenance or insurance, or the preservation of the security, of the residence at any time when unoccupied pending the disposal or intended disposal.
- (3) Sub-paragraphs (3) and (4) of paragraph 8 above apply for the purposes of this paragraph as they apply for the purposes of that.
### Benefits in respect of acquisition
##### 18
- (1) A benefit falls within paragraph 16(b) above if (and only if) the employee acquires an interest in his new residence and the benefit consists of one of the following—
- (a) legal services connected with the acquisition by the employee of the interest (including legal services connected with any loan raised to acquire the interest),
- (b) the waiving of any procurement fees connected with any such loan,
- (c) the waiving of any amount payable in respect of insurance effected to cover risks which are incurred by the maker of any such loan and which arise because the amount of the loan is equal to the whole, or a substantial part, of the value of the interest,
- (d) any survey or inspection of the residence undertaken in connection with the acquisition by the employee of the interest, and
- (e) the connection of any public utility for use by the employee, if the utility serves the residence.
- (2) Sub-paragraphs (2) to (4) of paragraph 9 above apply for the purposes of this paragraph as they apply for the purposes of that.
### Benefits in respect of abortive acquisition
##### 19
A benefit falls within paragraph 16(c) above if (and only if)—
- (a) it is provided with a view to the acquisition of an interest in a residence, the interest is not acquired, but (if it were) the residence would be the employee’s new residence,
- (b) it would fall within paragraph 16(b) above if the interest were acquired, and
- (c) the interest is not acquired because of circumstances outside the control of the person seeking to acquire the interest, or because that person reasonably declines to proceed.
### Benefits in respect of the transporting of belongings
##### 20
- (1) A benefit falls within paragraph 16(d) above if (and only if) it consists of one of the following—
- (a) the transporting of domestic belongings from the employee’s former residence to his new residence, and
- (b) the effecting of insurance to cover such transporting.
- (2) Sub-paragraphs (2) and (3) of paragraph 11 above apply for the purposes of this paragraph as they apply for the purposes of that.
### Travelling and subsistence benefits
##### 21
- (1) A benefit falls within paragraph 16(e) above if (and only if) it consists of one of the following—
- (a) subsistence, and facilities for travel, provided for the employee and members of his family or household while making temporary visits to the new area for purposes connected with the change,
- (b) facilities provided for the employee for travel between his former residence and the place where he normally performs his new duties or (where paragraph 5(1)(c) above applies) between his former residence and the new place where he normally performs the duties of his employment,
- (c) where paragraph 5(1)(b) or (c) above applies, facilities provided for the employee for travel, before the alteration mentioned in paragraph 5(1)(b) or (c), between his new residence and his original place of work,
- (d) subsistence provided for the employee (other than subsistence falling within paragraph (a) above),
- (e) facilities provided for the employee for travel between his former residence and any temporary living accommodation of the employee,
- (f) where paragraph 5(1)(b) or (c) above applies, facilities provided for the employee for travel, before the alteration mentioned in paragraph 5(1)(b) or (c), between his new residence and any temporary living accommodation of the employee,
- (g) facilities provided for the employee and members of his family or household for travel from the employee’s former residence to his new residence in connection with the change,
- (h) subsistence provided for a relevant child while staying, for the purposes of securing the continuity of his education, in living accommodation in the old area after the change,
- (i) facilities provided for a relevant child for travel between the accommodation mentioned in paragraph (h) above and the employee’s new residence,
- (j) subsistence provided for a relevant child while staying, for the purposes of securing the continuity of his education, in living accommodation in the new area before the change, and
- (k) facilities provided for a relevant child for travel between the accommodation mentioned in paragraph (j) above and the employee’s former residence.
- (2) Where (apart from this sub-paragraph) a car or van would constitute a facility for the purposes of sub-paragraph (1) above, it shall not do so if the car or van—
- (a) is provided as mentioned in that sub-paragraph,
- (b) is also available at any relevant time to the employee, or to others being members of his family or household, for his or their private use not falling within that sub-paragraph, and
- (c) is so available by reason of the employee’s employment and without any transfer of the property in it.
- (3) Sub-paragraphs (2) and (3) of paragraph 12 above apply for the purposes of this paragraph as they apply for the purposes of that.
- (4) In this paragraph “*car*”, “*van*” and “*private use*” have the same meanings as in Chapter II of this Part of this Act.
- (5) Section 168(6) applies for the purposes of this paragraph as it applies for the purposes of Chapter II of this Part of this Act.
- (6) For the purposes of this paragraph a relevant time is any time falling on or before the day which is the relevant day (within the meaning given by paragraph 6 above) in relation to the change of residence concerned.
- (7) In a case where—
- (a) a benefit is provided for the employee or a member of his family or household,
- (b) the benefit would, apart from this sub-paragraph, fall within paragraph 16(e) above, and
- (c) a deduction is allowable under any of sections 193 to 195 in respect of the whole or part of the cost of the benefit,
the benefit shall, subject to sub-paragraph (8) below, be treated as not falling within paragraph 16(e) above.
- (8) Where a deduction is allowed as mentioned in sub-paragraph (7) above in respect of part only of the cost of the benefit, the extent to which the benefit is treated as falling within paragraph 16(e) above shall be determined on a just and reasonable basis.
### Benefits in respect of new residence
##### 22
- (1) A benefit falls within paragraph 16(f) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) he disposes of that interest in consequence of the change of residence,
- (c) he acquires an interest in his new residence,
- (d) the benefit is provided as a result of the change, and
- (e) the benefit consists of domestic goods provided to replace goods which were used at the employee’s former residence but which are not suitable for use at his new residence.
- (2) Sub-paragraph (4) of paragraph 14 above applies for the purposes of this paragraph as it applies for the purposes of that.
### Power to amend
##### 23
- (1) The Treasury may make regulations amending the preceding provisions of this Part of this Schedule so as to secure that a benefit that would not be an eligible removal benefit (apart from the regulations) is such a benefit.
- (2) Any such regulations may include such supplementary, incidental or consequential provisions as appear to the Treasury to be necessary or expedient; and such provisions may be made by way of amendment to other Parts of this Schedule, or otherwise.
- (3) Sub-paragraph (3) of paragraph 15 above applies to regulations made under this paragraph as it applies to regulations made under that.
## Part V — THE QUALIFYING LIMIT
##### 24
- (1) In a case where, by reason of the employee’s employment and in connection with a particular change of residence—
- (a) any sums are paid as mentioned in paragraph 1(1)(a) or (b) above, or
- (b) any qualifying removal benefit is provided as mentioned in paragraph 1(1)(c) above,
paragraph 1(1) above shall apply only to the extent that the total value to the employee, found under sub-paragraph (2) below, does not exceed the qualifying limit.
- (2) The total value to the employee is the total of the following—
- (a) the aggregate of the amounts of any sums paid as mentioned in paragraph 1(1)(a) or (b) above in connection with the change of residence;
- (b) the aggregate of any amounts represented by qualifying removal benefits which are provided as mentioned in paragraph 1(1)(c) above in connection with the change.
- (3) Subject to sub-paragraphs (4) to (8) below, for the purposes of sub-paragraph (2)(b) above the amount represented by a benefit is the amount which would be the cash equivalent of the benefit under Chapter II of this Part of this Act if the benefit were chargeable under the appropriate provision of that Chapter.
- (4) In the case of a benefit which—
- (a) consists of living accommodation provided for a person, and
- (b) is, or would be apart from this Schedule, chargeable under section 145 and not under section 146,
for the purposes of sub-paragraph (2)(b) above the amount represented by the benefit is the amount which, if the benefit were so chargeable, would be the value to the employee of the accommodation for the period in which the accommodation is provided, less the appropriate sum.
- (5) For the purposes of sub-paragraph (4) above the value to the employee of accommodation in any period shall be determined in accordance with section 145, and the reference in that sub-paragraph to the appropriate sum is to the total of—
- (a) so much of any sum made good by the employee to those at whose cost the accommodation is provided as is properly attributable to the provision of the accommodation, and
- (b) any amounts which, if the benefit were chargeable under section 145, would be deductible by virtue of section 145(3) from the amount to be treated as emoluments under section 145(1) as regards the benefit.
- (6) In the case of a benefit which—
- (a) consists of living accommodation provided for a person, and
- (b) is, or would be apart from this Schedule, chargeable under both section 145 and section 146,
for the purposes of sub-paragraph (2)(b) above the amount represented by the benefit is the total of the amounts mentioned in sub-paragraph (7) below.
- (7) The amounts referred to in sub-paragraph (6) above are—
- (a) the amount which would be found under sub-paragraph (4) above if the benefit were chargeable under section 145 and not under section 146, and
- (b) the amount which, if the benefit were chargeable under section 146, would be the additional value to the employee of the accommodation for the period in which the accommodation is provided, less the appropriate sum.
- (8) For the purposes of sub-paragraph (7) above the additional value to the employee of accommodation in any period shall be determined in accordance with section 146, and the reference in that sub-paragraph to the appropriate sum is to the total of—
- (a) so much of any rent paid by the employee in respect of the accommodation to the person providing it as exceeds the value to the employee of the accommodation for the period (determined in accordance with section 145), and
- (b) any amounts which, if the benefit were chargeable under section 146, would be deductible by virtue of subsection (9) of that section from the amount to be treated as emoluments under that section as regards the benefit.
- (9) The qualifying limit, as regards any change of residence, is £8,000.
- (10) The Treasury may by order substitute for the sum for the time being specified in sub-paragraph (9) above a sum of a greater amount.
- (11) Any such substitution shall have effect as regards any change of an employee’s residence which results from—
- (a) the employee becoming employed by an employer on or after the specified day;
- (b) an alteration, with effect from a time falling on or after the specified day, of the duties of the employee’s employment;
- (c) an alteration, with effect from a time falling on or after the specified day, of the place where the employee is normally to perform the duties of his employment;
and in this sub-paragraph “*the specified day*” means the day specified in the order for the purposes of this sub-paragraph.
## Part VI — GENERAL
### Interpretation
##### 25
In this Schedule—
- (a) references to the residence of the employee are to his sole or main residence,
- (b) references to the former residence of the employee are to his sole or main residence before the change,
- (c) references to the new residence of the employee are to his sole or main residence after the change, and
- (d) references to an interest in a residence are, in the case of a building, references to an estate or interest in the land concerned.
##### 26
For the purposes of this Schedule a person is not a member of another person’s family or household unless the former is—
- (a) the latter’s spouse, son, daughter, parent, servant, dependant or guest, or
- (b) the spouse of a son or daughter of the latter.
##### 27
In this Schedule references to employment include references to any office, and related expressions shall be construed accordingly.
##### 28
References in this Schedule to subsistence are to food, drink and temporary living accommodation.
### Commencement
##### 29
This Schedule applies to any payment made, or any benefit provided, in connection with a change of an employee’s residence which results from—
- (a) the employee becoming employed by an employer on or after 6th April 1993,
- (b) an alteration, with effect from a time falling on or after 6th April 1993, of the duties of the employee’s employment, or
- (c) an alteration, with effect from a time falling on or after 6th April 1993, of the place where the employee is normally to perform the duties of his employment.
### Amount of emoluments
##### 1A
For the purposes of section 192A and this Schedule the amount of the emoluments for a year of assessment from any employment shall be taken to be the amount remaining after any capital allowance and after any deductions under section 192(3), 193(4), 194(1), 195(7), 197AG, 198, 199, 201, 332, 592 or 594.
## SCHEDULE 12AA
#### Regulations in relation to qualifying policies
##### 1
- (1) Subject to sub-paragraph (2) below, profits and gains arising from a transaction to which this Schedule applies (including those which, apart from this sub-paragraph, would be taken to be of a capital nature) shall be treated, when realised—
- (a) as income of the person by whom they are realised; and
- (b) as chargeable to tax under Case VI of Schedule D for the chargeable period in which they are realised.
- (2) Sub-paragraph (1) above does not apply to—
- (a) so much of any profits or gains arising to a person from a transaction as are charged to tax in his case under Case I or V of Schedule D;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) For the purposes of this Schedule the profits and gains arising from a transaction to which this Schedule applies are to be taken to be realised at the time when the disposal comprised in the transaction takes place.
- (5) For the purposes of sections 392 . . . any loss in a transaction to which this Schedule applies is to be taken to be sustained at the time when, in accordance with sub-paragraph (4) above, any profits or gains arising from that transaction would have been realised.
- (6) Subject to sub-paragraph (7) below, the following, namely—
- (a) profits and gains to which sub-paragraph (1) above applies, and
- (b) losses in transactions the profits and gains from which (if there were any) would be profits and gains to which that sub-paragraph applies,
shall not be brought into account for the purposes of income tax . . . or capital gains tax except by virtue of this Schedule and, in the case of losses, section 392 . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Transactions to which Schedule applies
- (1) The provisions of this Schedule apply for the purposes of sections 197AD to 197AG (Schedule E exemption for mileage allowance payments and passenger payments and mileage allowance relief).
- (2) Expressions defined in this Schedule for those purposes have the same meaning for the purposes of this Schedule.
- (3) In this Schedule “*mileage allowance payments*” has the meaning given by section 197AD(2) and “*passenger payments*” has the meaning given by section 197AE(2).
##### 2
- (1) This Schedule applies to a transaction if—
- (a) it is a disposal of futures or options;
- (b) it is one of two or more related transactions designed to produce a guaranteed return; and
- (c) the guaranteed return comprises the return from that disposal or from a number of disposals of futures or options, of which that disposal is one, taken together.
- (2) For the purposes of this Schedule two or more related transactions are transactions designed to produce a guaranteed return if, taking the transactions together, it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into, or in which any of them is entered into,
that their main purpose, or one of their main purposes, is or was the production of a guaranteed return from one or more disposals of futures or options.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Production of guaranteed return
##### 3
- (1) For the purposes of this Schedule a guaranteed return is produced from one or more disposals of futures or options wherever (taking all the disposals together where there is more than one) risks from fluctuations in the underlying subject matter are so eliminated or reduced as to produce a return from the disposal or disposals—
- (a) the amount of which is not, to any significant extent, attributable (otherwise than incidentally) to any such fluctuations; and
- (b) which equates, in substance, to the return on an investment of money at interest.
- (2) For the purposes of sub-paragraph (1) above the cases where risks from fluctuations in the underlying subject matter are eliminated or reduced shall be deemed to include any case where the main reason, or one of the main reasons, for the choice of that subject matter is—
- (a) that there appears to be no risk that it will fluctuate; or
- (b) that the risk that it will fluctuate appears to be insignificant.
- (3) In this paragraph the references, in relation to a disposal of futures or options, to the underlying subject matter are references to or to the value of the commodities, currencies, shares, stock or securities, interest rates, indices or other matters to which, or to the value of which, those futures or options are referable.
### Disposals of futures or options
##### 4
- (1) For the purposes of this Schedule a disposal is a disposal of futures or options if it consists in—
- (a) the disposal of one or more futures;
- (b) the disposal of one or more options; or
- (c) the disposal of one or more futures together with one or more options.
- (2) Subject to sub-paragraph (4) below, any question for the purposes of this Schedule as to whether there is a disposal falling within sub-paragraph (1)(a) to (c) above, or as to when such a disposal is made, shall be determined, on the assumptions specified in sub-paragraph (3) below, in accordance with—
- (a) section 143(5) and (6), 144 and 144A of the 1992 Act (closing out and settlement of futures contracts and rules in relation to options); and
- (b) the other provisions having effect for determining for the purposes of that Act whether or when an asset is disposed of;
and references in this Schedule to entering into a transaction are references, in relation to a transaction consisting in a disposal, to the making of the disposal.
- (3) Those assumptions are—
- (a) that all futures are assets for the purposes of the 1992 Act;
- (b) that the words “*in the course of dealing in commodity or financial futures*” are omitted in each place where they occur in section 143(5) and (6) of that Act; and
- (c) that any reference in that Act to a financial option within the meaning given by section 144(8) of that Act is a reference to any option that is not a traded option.
- (4) Subject to sub-paragraph (5) below, where—
- (a) one of a number of related transactions designed to produce a guaranteed return is the grant of an option,
- (b) at least one of the other transactions is a transaction entered into after the grant of the option, and
- (c) the transaction or transactions entered into after the grant of the option is or include a disposal which is not itself the grant of an option,
the disposal consisting in the grant of the option shall be deemed for the purposes of this Schedule to be a disposal made on the first occasion after the grant of the option when one of the other transactions which is a disposal but is not itself the grant of an option is entered into.
- (4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) Nothing in sub-paragraph (4) above affects so much of sub-paragraph (2) above as (by applying section 144(2) or 144A(2) of the 1992 Act (cases where options are exercised))—
- (a) requires the grant of an option and the transaction entered into by the grantor in fulfilment of his obligations under that option to be treated for the purposes of this Schedule as a single transaction; or
- (b) determines the time at which such a single transaction is to be treated for the purposes of this Schedule as entered into.
- (6) In this paragraph—
- “*future*” means outstanding rights and obligations under a commodity or financial futures contract;
- “*option*” means a traded option or an option which is not a traded option but is an option relating to—currency, shares, stock, securities or an interest rate; orrights under a commodity or financial futures contract;and includes any liability or entitlement under an option.
- “*traded option*” has the meaning given for the purposes of subsection (4) of section 144 of the 1992 Act by subsection (8) of that section.
### Futures running to delivery and options exercised
##### 4A
- (1) This paragraph applies where for the purposes of this Schedule—
- (a) there are or, apart from section 144(2) or (3) of the 1992 Act, would be two or more related transactions;
- (b) one of those transactions is or would be the creation or acquisition (by the making or receiving of a grant or otherwise) of a future or option;
- (c) the other transaction, or one of the other transactions, is or would be the running of the future to delivery or the exercise of the option; and
- (d) the transaction mentioned in paragraph (c) above is not treated for those purposes as a disposal of a future or option.
- (2) This Schedule shall have effect in relation to the parties to the future or option as if the transaction specified in sub-paragraph (3) below—
- (a) were a transaction for which the scheme or arrangements by reference to which the transactions are related transactions provided; and
- (b) were a transaction which in fact takes place at the time (“the relevant time") immediately before the future runs to delivery or, as the case may be, the option is exercised.
- (3) That transaction is a disposal of the future or option which—
- (a) in the case of a person whose rights and entitlements under the future or option have a market value at the relevant time, consists in a disposal for a consideration equal to that market value; and
- (b) in the case of any other party to the future or option, consists in a disposal which—
- (i) is made for a nil consideration; and
- (ii) involves that person in incurring costs equal to the amount specified in sub-paragraph (4) below.
- (4) That amount is the amount which that party to the future or option might reasonably have been expected to pay, in a transaction at arm’s length entered into at the relevant time, for the release of his obligations and liabilities under the future or option.
- (5) Where, in a case in which a transaction is deemed to take place by virtue of sub-paragraph (2)(b) above (“the deemed transaction")—
- (a) any profits or gains arising from the deemed transaction are chargeable to tax under Case VI of Schedule D in accordance with paragraph 1(1) above, or
- (b) any loss arising in the deemed transaction is brought into account for the purposes of section 392 . . . in accordance with paragraph 1(5) above,
amounts taken into account or allowable as deductions in computing those profits or gains, or that loss, shall not be excluded by virtue of section 37 or 39 of the 1992 Act (exclusion of amounts taken into account or allowable for the purposes of the taxation of income and profits) from any computation made for the purposes of that Act, but paragraph 1(6) above shall be given effect to in relation to the 1992 Act in accordance with sub-paragraphs (6) to (10) below.
- (6) Where there are profits or gains arising to any person (“the taxpayer") from the deemed transaction, an increase equal to the amount of those profits or gains shall be made in the amount that would otherwise be taken for the purposes of the 1992 Act to be—
- (a) the amount of the consideration for the acquisition of any asset acquired by the taxpayer by means of the future running to delivery or, as the case may be, by the exercise of the option; or
- (b) the amount of the consideration for the acquisition by him of any asset disposed of by him by means of the future running to delivery or, as the case may be, in consequence of the exercise of the option;
but any increase made by virtue of paragraph (b) above in the amount of any consideration shall be disregarded in computing the amount of any indexation allowance.
- (7) Where there is a loss for any person (“the taxpayer") in the deemed transaction—
- (a) a reduction equal to the smaller of the amount of the loss and the amount to be reduced shall be made in the amount that would otherwise be taken for the purposes of the 1992 Act to be the amount of the consideration mentioned in sub-paragraph (6)(a) or (b) above; and
- (b) the amount (if any) by which the amount of the loss exceeds the amount to be reduced shall be deemed to be a chargeable gain accruing to the taxpayer on the occasion specified in sub-paragraph (8) below.
- (8) That occasion is—
- (a) in a case where the consideration mentioned in paragraph (a) of sub-paragraph (6) above has been reduced to nil, the first occasion after the acquisition mentioned in that paragraph when there is a disposal of the asset in question; and
- (b) in a case where it is the consideration mentioned in sub-paragraph (6)(b) above that has been reduced to nil, the occasion of the disposal made by the taxpayer by means of the future running to delivery or, as the case may be, in consequence of the exercise of the option.
- (9) For the purposes of sub-paragraphs (6) and (7) above, where in any case there is a deemed disposal of an option by the person who granted it, any determination—
- (a) of the profits arising to the grantor of the option from that disposal, or
- (b) of the losses for the grantor in that disposal,
shall be made as if that disposal and the disposal by which the option was granted were a single transaction.
- (10) In sub-paragraph (8) above—
- (a) the reference in paragraph (a) to a disposal of the asset in question includes a reference to anything that would be such a disposal but for the provisions of section 116(10) or 127 of the 1992 Act; and
- (b) the references in each of paragraphs (a) and (b) to a disposal include references to a disposal which, in accordance with the 1992 Act, would (apart from sub-paragraph (7)(b) above) be a disposal on which neither a gain nor a loss accrues.
- (10A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (11) In this paragraph—
- “*future*” and “*option*” have the same meanings as in paragraph 4 above;
- “*market value*” has the same meaning as in the 1992 Act;
- “*party*”, in relation to a future or option, means one of the persons who has any right or entitlement comprised in or arising under the future or option or who is subject to any obligation or liability so comprised or arising;
and references in this paragraph to a future running to delivery are references to the discharge by performance of the obligations owed under the commodity or financial futures contract in question to the party to the future whose rights are in relation to its underlying subject matter.
- (12) Sub-paragraph (3) of paragraph 3 above applies for the purposes of sub-paragraph (11) above as it applies for the purposes of that paragraph.
### The return from one or more disposals
##### 5
- (1) In this Schedule references to the return from one or more disposals are references to the return on investment represented either—
- (a) by the total net profits and gains arising from the disposal or disposals; or
- (b) by all but an insignificant part of those net profits and gains.
- (2) For the purposes of the references in sub-paragraph (1) above to the total net profits and gains from any two or more disposals, it shall be assumed that profits and gains realised, and losses sustained, by persons who are associated with each other are all realised or sustained by the same person.
- (3) For the purposes of sub-paragraph (2) above persons are associated with each other in relation to any two or more disposals made in pursuance of the same scheme or arrangements if—
- (a) each of those persons shares or is to share, to an extent determined for the purposes of or in accordance with the scheme or arrangements, in the net return represented by the aggregate of all the profits, gains and losses realised or sustained on those disposals;
- (b) those persons are associated companies at the time when the last of those disposals is made; or
- (c) those persons have been associated companies at an earlier time falling after the first occasion on which a transaction was entered into in pursuance of the scheme or arrangements.
- (4) In this paragraph—
- “*associated company*” shall be construed in accordance with section 416; and
- “*scheme or arrangements*” shall be construed in accordance with paragraph 6(4) below.
### Related transactions
##### 6
- (1) For the purposes of this Schedule two or more transactions are related if all of them are entered into in pursuance of the same scheme or arrangements.
- (2) Nothing in this Schedule shall be construed as preventing transactions with different parties, or transactions with parties different from the parties to the scheme or arrangements in pursuance of which they are entered into, from being related transactions.
- (3) For the purposes of this paragraph the cases in which any two or more transactions are to be taken to be entered into in pursuance of the same scheme or arrangements shall include any case in which it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into, or in which any of them is entered into,
that neither of them or, as the case may be, none of them would have been entered into independently of the other or others.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this paragraph “*scheme or arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable.
### Special rule for trusts
##### 7
- (1) Where any profits or gains are treated, in accordance with paragraph 1 above, as income arising to trustees for any year of assessment, the relevant part of that income shall be treated for the purposes of the Tax Acts as if it were income to which section 686 applies (income taxable at the rate applicable to trusts).
- (2) In sub-paragraph (1) above the reference to the relevant part of any income is a reference to so much (if any) of that income as—
- (a) does not fall to be treated for the purposes of the Income Tax Acts as income of a settlor;
- (b) is not income arising under a trust established for charitable purposes; and
- (c) is not income from investments, deposits or other property held for any such purposes as are mentioned in sub-paragraph (i) or (ii) of section 686(2)(c) (property held for pension purposes).
- (3) Subsection (6) of section 686 (meaning of “*trustees*” etc.) shall apply for the purposes of this paragraph as it applies for the purposes of that section.
### Transfer of assets abroad
##### 8
For the purpose of determining whether an individual ordinarily resident in the United Kingdom has a liability for income tax in respect of any profit or gain which—
- (a) is realised by a person resident or domiciled outside the United Kingdom, and
- (b) arises from a transaction to which this Schedule applies,
sections 739 and 740 (transfer of assets abroad) shall have effect as if that profit or gain, when realised, constituted income becoming payable to the person resident or domiciled outside the United Kingdom.
### Apportionment in the case of insurance companies
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 5A
### Introductory
##### 1
- (1) In this Schedule—
- (a) “*approved stock lending arrangement*” means an arrangement such as is mentioned in subsection (1), (2) or (2A) of section 129 and in relation to which that section and section 271(9) of the 1992 Act apply;
- (b) “*the borrower*”, in relation to such an arrangement, means the person to whom the securities are transferred under the arrangement; and
- (c) “*the lender*” means the person making that transfer and to whom, in return, securities of the same kind and amount are to be transferred.
- (2) References in this Schedule to the borrower or lender under an approved stock lending arrangement include any person acting as the nominee of the borrower or lender.
### Treatment of interest earned on cash collateral
##### 2
- (1) This paragraph applies where in connection with an approved stock lending arrangement—
- (a) the borrower pays to the lender an amount (“cash collateral”) by way of security for the performance of the obligation to transfer to the lender securities of the same kind and amount as those transferred by him;
- (b) interest is earned by the lender on the whole of the cash collateral in respect of the period for which he holds it, and is paid to him without deduction of tax; and
- (c) the lender pays to the borrower an amount (“rebate interest”) equal to the amount of interest earned by him on the cash collateral.
- (2) Where this paragraph applies—
- (a) the interest earned by the lender on the cash collateral shall be treated for all purposes of the Tax Acts as the income of the borrower and not as the income of the lender;
- (b) the lender shall not be required to deduct from the payment of rebate interest any sum representing income tax thereon;
- (c) no relief shall be given to the lender in respect of the payment under any provision of the Tax Acts; and
- (d) the rebate interest shall not be regarded as the income of the borrower.
- (3) This paragraph does not apply unless the amount of the rebate interest is identified as such by the parties separately from any fee or other amount payable in connection with the arrangement.
### Application of paragraph 2 in case of chain of arrangements
##### 3
- (1) Where the lender under one or more approved stock lending arrangements (“the lending arrangements”) is also the borrower under one or more other such arrangements (“the borrowing arrangements”) entered into to enable him to fulfil his obligations under the former arrangements, the interest which by virtue of paragraph 2(2)(a) above as it applies in relation to the borrowing arrangements is treated as his (the “attributed interest”) shall be treated for the purposes of that paragraph as it applies in relation to the lending arrangements as interest earned by him on the cash collateral provided under those arrangements, as follows.
- (2) Where the aggregate amount of the cash collateral provided under the borrowing arrangements equals that provided under the lending arrangements, the whole of the attributed interest shall be so treated.
- (3) Where the aggregate amount of the cash collateral provided under the borrowing arrangements exceeds that provided under the lending arrangements, a part of the attributed interest shall be so treated.
- (4) Where the aggregate amount of the cash collateral provided under the borrowing arrangements is less than that provided under the lending arrangements, the attributed interest shall be treated as earned by him on a part of the cash collateral provided under the lending arrangements.
### Interpretation
##### 4
In this Schedule—
- “*relief*” means relief by way of—deduction in computing profits or gains, ordeduction or set off against income or total profits; and
- “*securities*” includes stocks and shares.
## Schedule 6A
## Part I — Basic Case
### Cash equivalent
##### 1
- (1) This paragraph applies where the van mentioned in section 159AA(1)—
- (a) is not a van to which Part II of this Schedule applies for the year concerned, or
- (b) is a van to which that Part applies for the year concerned but is a shared van (within the meaning there given) for part only of the year.
- (2) Subject to paragraphs 2 and 3 below, the cash equivalent of the benefit is—
- (a) £500, if the van is aged less than 4 years at the end of the year concerned;
- (b) £350, if the van is aged 4 years or more at the end of the year concerned.
### Reductions for periods where van unavailable
##### 2
- (1) Subject to paragraph 3 below, where paragraph 1 above applies and for any part of the year concerned—
- (a) the van is unavailable, or
- (b) the van is a shared van (within the meaning given by Part II of this Schedule),
the cash equivalent of the benefit is the amount ascertained under paragraph 1 above (the full amount) reduced by an amount which bears to the full amount the same proportion as the number of excluded days in the year bears to 365.
- (2) For the purposes of sub-paragraph (1) above a van is to be treated as being unavailable on any day if—
- (a) the day falls before the first day on which the van is available to the employee,
- (b) the day falls after the last day on which the van is available to the employee, or
- (c) the day falls within a period, of 30 days or more, throughout which the van is not available to the employee.
- (3) For the purposes of sub-paragraph (1) above an excluded day is a day on which the van falls within paragraph (a) or (b) of that sub-paragraph.
### Reduction for payments for use of van
##### 3
- (1) Where paragraph 1 above applies and in the year concerned the employee is required, as a condition of the van being available for his private use, to pay any amount of money (whether by way of deduction from his emoluments or otherwise) for that use, then—
- (a) if the amount ascertained under paragraphs 1 and 2 above exceeds the relevant sum, the cash equivalent of the benefit is an amount equal to the excess;
- (b) if the relevant sum exceeds or is equal to the amount ascertained under paragraphs 1 and 2 above, the cash equivalent of the benefit is nil.
- (2) In sub-paragraph (1) above—
- (a) “*the relevant sum*” means the amount paid by the employee, as there mentioned, in respect of the year concerned, and
- (b) the reference to the van being available for the employee’s private use includes a reference to the van being available for the private use of others being members of his family or household.
- (3) If the van is a shared van (within the meaning given by Part II of this Schedule) for part of the year concerned, the reference in sub-paragraph (2) above to the year shall be construed as a reference to the part of the year when the van is not a shared van.
## Part II — SHARED VANS
### Introduction
##### 4
- (1) This Part of this Schedule applies to a van for a year if it is a shared van for any period in the year.
- (2) A van is a shared van for a period if the period is one throughout which the van is available concurrently to more than one employee of the same employer.
- (3) A van is also a shared van for a period if—
- (a) the period is one throughout which the van is available to different employees of the same employer, but
- (b) the circumstances are such that the employee or employees to whom the van is available at any given time in the period are not necessarily the same as the employee or employees to whom it is available at any other given time in the period.
- (4) But if the van is available to one employee only for a period exceeding 30 days (an exclusive period)—
- (a) the exclusive period shall not count towards any period that would otherwise fall within sub-paragraph (3) above;
- (b) any period falling within sub-paragraph (3) above shall be treated as ending when the exclusive period begins (without prejudice to the start after the exclusive period of a further period falling within sub-paragraph (3) above).
- (5) If a van would (apart from this sub-paragraph) be treated as shared during part of a day it shall be treated as shared throughout the day.
### Benefit to employee
##### 5
- (1) This paragraph applies where for any year this Part of this Schedule—
- (a) applies to a van, or
- (b) applies to each of two or more vans made available by the same employer.
- (2) For the purposes of this paragraph a participating employee is an employee to whom—
- (a) the van is available for his private use while it is a shared van (where only one van is involved),
- (b) one of the vans is available for his private use while it is a shared van (where more than one van is involved), or
- (c) some or all of the vans are available for his private use while they are shared vans (where more than one van is involved);
but an employee is not a participating employee unless he makes private use of the van, or (if more than one is involved) he makes private use of at least one of them, at least once while it is a shared van.
- (3) In sub-paragraph (2) above—
- (a) any reference to a van being available for an employee’s private use includes a reference to the van being available for the private use of others being members of his family or household, and
- (b) any reference to an employee making private use of a van includes a reference to a member of his family or household making private use of it.
- (4) This paragraph shall apply to each participating employee in the same way, irrespective of—
- (a) the number available to a particular employee of the vans involved;
- (b) the fact that a particular van involved is or is not available to him or used by him;
- (c) the extent to which a particular van involved is available to him or used by him.
- (5) Where this paragraph applies—
- (a) find the basic value of the van for the year or (as the case may be) the basic value for the year of each van involved;
- (b) take that basic value or (as the case may be) the aggregate of those basic values;
- (c) find for each participating employee a portion of the figure taken under paragraph (b) above by dividing it equally among the participating employees.
- (6) The figure found for a participating employee shall be taken to be the cash equivalent of the benefit to him in the year of—
- (a) the van available to him while it is a shared van (where only one van is involved or only one of the vans involved is available to him), or
- (b) the vans available to him while they are shared vans (where more than one van is involved and more than one of them is available to him).
### Basic value
##### 6
- (1) Subject to sub-paragraph (2) below, the basic value of a van for a year is—
- (a) £500, if the van is aged less than 4 years at the end of the year concerned;
- (b) £350, if the van is aged 4 years or more at the end of the year concerned.
- (2) Where for any part of the year—
- (a) the van is not a shared van, or
- (b) the van is incapable of use,
its basic value is the amount ascertained under sub-paragraph (1) above (the full value) reduced by an amount which bears to the full value the same proportion as the number of excluded days in the year bears to 365.
- (3) For the purposes of sub-paragraph (2) above a van is to be treated as being incapable of use on any day if the day falls within a period, of 30 days or more, throughout which the van is incapable of being used at all.
- (4) For the purposes of sub-paragraph (2) above an excluded day is a day on which the van falls within paragraph (a) or (b) of that sub-paragraph.
### Limit of benefit
##### 7
Where (apart from this paragraph) the figure found under paragraph 5 above for a participating employee for a year would exceed £500, the figure for the employee for the year shall be taken to be £500.
### Alternative calculation
##### 8
- (1) In a case where—
- (a) a figure is found under paragraph 5 or 7 above for a participating employee for a year, and
- (b) the employee makes a claim for this paragraph to be applied,
the figure found for the employee for the year shall be taken to be the alternative figure found under this paragraph.
- (2) The alternative figure is a figure found by—
- (a) taking for each van involved the number of relevant days;
- (b) aggregating the numbers found under paragraph (a) above where more than one van is involved;
- (c) multiplying the number found under paragraph (a) (or paragraphs (a) and (b)) above by £5.
- (3) For the purposes of sub-paragraph (2)(a) above a relevant day is a day which falls in the year and during which (or part of which) the employee, or a member of his family or household, makes private use of the van concerned while it is a shared van.
- (4) For the purposes of section 95 of the Taxes Management Act 1970 (incorrect return etc.) a claim under this paragraph shall be taken to be a claim for relief.
### Reduction for payments for use
##### 9
- (1) Where this Part of this Schedule applies and in the year concerned a participating employee is required, as a condition of the van or vans being available for his private use, to pay any amount of money (whether by way of deduction from his emoluments or otherwise) for that use, then—
- (a) if the figure found for the employee for the year under paragraph 5 or 7 or 8 above exceeds the relevant sum, the figure shall be taken to be a figure equal to the excess;
- (b) if the relevant sum exceeds or is equal to the figure found for the employee for the year under paragraph 5 or 7 or 8 above, the figure shall be taken to be nil.
- (2) For the purposes of this paragraph the relevant sum shall be found by—
- (a) taking for any van involved the amount paid by the employee, as a condition of it being available for his private use, in respect of the period when the van is a shared van in the year concerned, and
- (b) where more than one van is involved, aggregating the amounts found under paragraph (a) above.
- (3) Any reference in this paragraph to a van being available for the employee’s private use includes a reference to the van being available for the private use of others being members of his family or household.
## Part III — GENERAL
### Interaction of Parts I and II
##### 10
- (1) This paragraph applies where—
- (a) a cash equivalent of the benefit of a van to an employee in a year is found under Part I of this Schedule, and
- (b) a cash equivalent of the benefit of the same van (or of vans including the same van) to the employee in the year is found under Part II of this Schedule.
- (2) Once the different cash equivalents are so found, the employee shall be charged to tax as if the van concerned were different vans, one having a cash equivalent found under Part I of this Schedule and the other having (or counting towards) a cash equivalent found under Part II of this Schedule.
### Limit of cash equivalent
##### 11
In a case where—
- (a) the cash equivalent of the benefit of vans to an employee in a year would (apart from this paragraph) total more than £500, and
- (b) no more than one of the vans is available to him for his private use, or the private use of others being members of his family or household, at any one time in the year,
the cash equivalent of the benefit of the vans to him in the year shall be £500.
### Interpretation
##### 12
For the purposes of this Schedule a van is available to an employee at a particular time if it is then made available, by reason of his employment and without any transfer of the property in it, either to him or to others being members of his family or household.
### Apportionment of cash equivalent in case of joint loan etc.
##### 5A
- (1) Where in any year there are two or more employees chargeable to tax in respect of the same loan—
- (a) the cash equivalent of the benefit of the loan (determined in accordance with this Schedule) shall be apportioned between them in a fair and reasonable manner, and
- (b) the portion allocated to each employee shall be treated as the cash equivalent of the benefit of the loan so far as he is concerned.
- (2) For the purposes of determining the cash equivalent in such a case, the references in paragraph 5 above to the employee shall be construed as references to all the chargeable employees.
##### 13
This Part of this Schedule is subject to the provisions of Part IV below.
## PART IV — . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14
This Part of this Schedule applies in relation to the employee for any year for which he is, or, apart from paragraph 7, 8 or 9 above as they apply in relation to home loans, would be, liable to income tax at a rate higher than basic rate or to tax chargeable in respect of excess liability.
##### 15
Where this Part of this Schedule applies in relation to the employee for any year, none of paragraphs 7, 8 and 9 above shall apply in his case in relation to any home loan in that year, except as provided by paragraph 17 below.
##### 16
- (1) Where, by virtue only of paragraph 15 above, paragraph 7, 8 or 9 above does not apply in the case of the employee in relation to a home loan in any year, there shall be treated as interest eligible for relief under section 353 by virtue of section 355(1)(a) in that year—
- (a) in a case where, apart from paragraph 15 above, paragraph 7 would have applied in relation to the home loan, an amount equal to the cash equivalent of the benefit of that loan in that year, apart from paragraph 7, or
- (b) in a case where, apart from paragraph 15 above, paragraph 8 or 9 would have applied in relation to the home loan, an amount equal to the difference between—
- (i) the cash equivalent of the benefit of the home loan in that year, apart from paragraphs 8 and 9, and
- (ii) what the cash equivalent of the benefit of the home loan would have been in that year, apart from paragraph 15 above,
but subject to the following provisions of this paragraph.
- (2) In the application of section 353 by virtue of this paragraph—
- (a) the amount that falls to be treated as mentioned in sub-paragraph (1) above shall be taken to fall within paragraph (a) of subsection (1) of that section; and
- (b) subsections (2) and (3) of that section shall be disregarded in relation to that amount.
##### 17
Paragraph 15 above shall not prevent paragraph 7, 8 or 9 applying in the case of the employee in any year if, apart from paragraph 15—
- (a) he would not have been charged for that year to income tax at any rate higher than basic rate in respect of any of his total income or to tax in respect of excess liability; and
- (b) the aggregate of the following amounts, that is to say—
- (i) the amount of income in respect of which, apart from any home loans, he would have been charged to income tax for that year at the basic rate,
- (ii) any income which is treated by virtue of section 683(1) or 684(1) as his income for that year for the purposes of excess liability, notwithstanding that he would not have been charged to tax otherwise than at the basic rate,
- (iii) the cash equivalents, apart from paragraphs 7, 8 and 9 above, of the benefit of any home loans in that year, and
- (iv) his nominal element (if any) for that year, reduced by an amount equal to the cash equivalents, apart from paragraph 15 above, of the benefit of any home loans in that year,
does not exceed the basic rate limit by more than the amount specified in section 161(1) for that year.
##### 18
If, in the case of the employee, there is a home loan in any year and that is a year for which—
- (a) he is liable to income tax at a rate higher than basic rate or to tax chargeable in respect of excess liability (whether or not by virtue of this Part of this Schedule), but
- (b) he would not have been so liable apart from any home loans, and
- (c) there is in his case a nominal element,
then, in computing his liability to income tax for that year, the amount which falls to be treated as emoluments under section 160(1) in consequence of the operation of paragraph 15 above (or, if more than one, the aggregate of those amounts) shall be taken to be the highest part of the income charged to tax, and an amount equal to the nominal element shall be taken to be the lowest portion of that part.
## PART V — . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 19
- (1) In this Schedule—
- “*eligible for relief*” shall be construed in accordance with sub-paragraph (2) below;
- “*eligible loan*” means—
- (a) any loan the interest on which is eligible for relief, other than a home loan; and
- (b) in a case where part of the interest on a loan is eligible for relief otherwise than by virtue of section 355(1)(a), 356(1) or 365, that proportion of the loan which that part of the interest bears to the whole of the interest;
and in determining for the purposes of this definition whether the whole or any part of the interest on a loan is so eligible for relief, it shall be assumed that interest at a uniform rate is paid on the loan, whether or not that is in fact the case;
- “*excess liability*” means liability to income tax over what it would be if all income tax not chargeable at the lower rateby virtue of section 1(2)(aa) were charged at the basic rate, or (so far as applicable in accordance with section 207A) the lower rate,, to the exclusion of any higher rate;
- “*home loan*” means—
- (a) any loan the interest on which is, or apart from section 357 would have been, eligible for relief by virtue of section 355(1)(a), 356(1) or 365; and
- (b) in a case where part of the interest on a loan is or would have been so eligible for relief, that proportion of the loan which that part of the interest bears to the whole of the interest;
and in determining for the purposes of this definition whether the whole or any part of the interest on a loan is or would have been so eligible for relief, it shall be assumed that interest at a uniform rate is paid on the loan, whether or not that is in fact the case;
- “*loan*”, except in Part I of this Schedule, shall be construed in accordance with sub-paragraphs (3) to (5) below;
- “*nominal element*”, in relation to the employee, means the amount (if any) which, apart from paragraph 15 above, would, by virtue of section 161(1), not have been charged to tax under section 160 in that year in his case.
- (2) Interest is “*eligible for relief*” for the purposes of this Schedule if it is eligible for relief under section 353 or would be eligible for such relief apart from subsection (2) of that section.
- (3) In the definitions of “*eligible loan*” and “*home loan*” in sub-paragraph (1) above, “*loan*” means any such loan as is mentioned in section 160(1), and for this purpose sub-paragraphs (4) and (5) below shall be disregarded.
- (4) Where by virtue of sub-paragraph (1) above part of a loan constitutes a home loan or an eligible loan, the loan shall be treated for the purposes of this Schedule, apart from Part I, as if it were two or more separate loans, consisting respectively—
- (a) of the part (if any) which is a home loan,
- (b) of the part (if any) which is an eligible loan, and
- (c) of the part (if any) which is neither a home loan nor an eligible loan,
and, subject to sub-paragraph (5) below, references in this Schedule, apart from Part I, to loans, home loans and eligible loans shall be construed accordingly.
- (5) Except for home loans and eligible loans, all the loans between the same lender and borrower for which a cash equivalent falls to be ascertained and which are outstanding at any time, as to any amount, in any year are to be treated for the purposes of this Schedule, apart from Part I, as a single loan.
## SCHEDULE 7A
### Introduction
##### 1
For the purposes of section 161B(1) a loan “*on ordinary commercial terms*” means a loan—
- (a) made by a person (“*the lender*”) in the ordinary course of a business carried on by him which includes—
- (i) the lending of money, or
- (ii) the supplying of goods or services on credit, and
- (b) in relation to which the requirements of paragraph 2, 3 or 4 below are met.
### Requirements relating to original loan
##### 2
- (1) This paragraph applies to any loan and the relevant time for the purposes of this paragraph is the time the loan was made.
- (2) The requirements of this paragraph are—
- (a) that at the relevant time comparable loans were available to all those who might be expected to avail themselves of the services provided by the lender in the course of his business;
- (b) that a substantial proportion of the relevant loans were made to members of the public;
- (c) that the loan in question and comparable loans generally made by the lender at or about the relevant time to members of the public are held on the same terms; and
- (d) that if those terms differ from those applicable immediately after the relevant time they were imposed in the ordinary course of the lender’s business.
- (3) For the purposes of this paragraph a loan is comparable to another loan if it is made for the same or similar purposes and on the same terms and conditions.
- (4) The relevant loans for the purposes of sub-paragraph (2)(b) are—
- (a) the loan in question, and
- (b) comparable loans made by the lender at or about the relevant time.
- (5) In determining for the purposes of this paragraph whether any loans made by any person before 1st June 1994 are made on the same terms or conditions, or held on the same terms, there shall be left out of account any amounts, by way of fees, commission or other incidental expenses, incurred for the purpose of obtaining any of those loans by the persons to whom they are made.
### Requirements relating to loan varied before 6th April 2000
##### 3
- (1) This paragraph applies to a loan that has been varied before 6th April 2000 and the relevant time for the purposes of this paragraph is the time of the variation.
- (2) The requirements of this paragraph are—
- (a) that a substantial proportion of the relevant loans were made to members of the public;
- (b) that the loan in question and relevant loans generally made by the lender at or about the relevant time to members of the public are held on the same terms; and
- (c) that if those terms differ from those applicable immediately after the relevant time they were imposed in the ordinary course of the lender’s business.
- (3) The relevant loans for the purposes of sub-paragraph (2)(a) are—
- (a) the loan in question;
- (b) any existing loans which were varied at or about the time of the variation of the loan in question so as to be held on the same terms as that loan after it was varied;
- (c) any new loans made by the lender, at or about that time, which are held on those terms.
### Requirements relating to loan varied on or after 6th April 2000
##### 4
- (1) The requirements of this paragraph apply to a loan that has been varied on or after 6th April 2000 and the relevant time for the purposes of this paragraph is the time of the variation.
- (2) The first requirement is that at the relevant time members of the public that had loans from the lender for similar purposes had a right to vary their loans on the same terms and conditions as applied in relation to the variation of the loan in question.
- (3) The second requirement is that any existing loans so varied and the loan in question as varied are held on the same terms.
- (4) The third requirement is that if those terms differ from the terms applicable immediately after the relevant time, they were imposed in the ordinary course of the lender’s business.
- (5) The fourth requirement is that a substantial proportion of the relevant loans were made to members of the public.
- (6) The relevant loans for the purposes of sub-paragraph (5) are—
- (a) the loan in question;
- (b) any existing loans which were varied at or about the time of the variation of the loan in question so as to be held on the same terms as that loan after it was varied;
- (c) any new loans made by the lender, at or about that time, which are held on those terms.
### Disregard of certain penalties, fees, etc.
##### 5
Amounts incurred by the person to whom a loan is made—
- (a) on penalties or interest or similar amounts incurred as a result of varying the loan, and
- (b) on fees, commission or other incidental expenses, incurred for the purpose of obtaining the loan,
shall be left out of account in determining for the purposes of paragraph 3 or 4 whether rights to vary loans are exercisable on the same terms and conditions or loans are held on the same terms.
### Meaning of 'member of the public’
##### 6
For the purposes of this Schedule a “*member of the public*” means a member of the public at large with whom the lender deals at arm’s length.
##### 13A
- (1) Where a scheme includes provision by virtue of paragraph 13(4) or (5) above the scheme must be so framed that in arriving at the profits for the base year or for the previous profit period any profit-related pay and any secondary Class I contributions in respect of it are accorded the same accountancy treatment as is accorded to any profit-related pay and any secondary Class I contributions in respect of it in arriving at the profits in the profit period.
- (2) In sub-paragraph (1) above—
- (a) “*profit-related pay*” means profit-related pay under whatever scheme;
- (b) “*secondary Class I contributions*” means secondary Class I contributions under Part I of the Social Security Act 1975 or Part I of the Social Security (Northern Ireland) Act 1975 or Part I of the Social Security Contributions and Benefits Act 1992 or Part I of the Social Security Contributions and Benefits (Northern Ireland) Act 1992.
- (3) Sub-paragraph (1) above shall apply notwithstanding anything in paragraph 19 below.
- (4) Where a scheme includes provision by virtue of paragraph 13(4) above the scheme must also include provision that if the pay for the profit period is less than the pay for the base year or for the previous profit period (as the case may be) the percentage to be applied for the purposes of the provision included by virtue of paragraph 13(4) above shall be the increased percentage (instead of any other percentage).
- (5) The increased percentage must be one arrived at by—
- (a) taking the percentage that would be applied for the purposes of the provision included by virtue of paragraph 13(4) above apart from the provision included by virtue of sub-paragraph (4) above, and
- (b) adding the percentage found by expressing the difference in pay as a percentage of the profits for the base year or for the previous profit period (as the case may be).
- (6) For the purposes of this paragraph—
- (a) the pay for the profit period or for the previous profit period or for the base year is the pay paid to employees in respect of employment in the period or year concerned in the employment unit concerned;
- (b) the difference in pay is the difference between the pay for the profit period and the pay for the previous profit period or for the base year (as the case may be);
and any profit-related pay shall be ignored in applying paragraph (a) above.
##### 14A
- (1) Where a scheme includes provision to give effect to paragraph 14(3) above or provision by virtue of paragraph 14(4) above the scheme must be so framed that in arriving at the profits in the preceding period of 12 months any profit-related pay and any secondary Class I contributions in respect of it are accorded the same accountancy treatment as is accorded to any profit-related pay and any secondary Class I contributions in respect of it in arriving at the profits in the profit period.
- (2) Where a scheme includes provision by virtue of paragraph 14(5) above the scheme must be so framed that in arriving at the profits in the relevant period of 12 months any profit-related pay and any secondary Class I contributions in respect of it are accorded the same accountancy treatment as is accorded to any profit-related pay and any secondary Class I contributions in respect of it in arriving at the profits in the profit period; and for this purpose the relevant period of 12 months is the period of 12 months immediately preceding the first or only profit period to which the scheme relates.
- (3) In sub-paragraphs (1) and (2) above—
- (a) “*profit-related pay*” means profit-related pay under whatever scheme;
- (b) “*secondary Class I contributions*” means secondary Class I contributions under Part I of the Social Security Contributions and Benefits Act 1992 or Part I of the Social Security Contributions and Benefits (Northern Ireland) Act 1992.
- (4) Sub-paragraphs (1) and (2) above shall apply notwithstanding anything in paragraph 19 below.
- (5) Where a scheme includes provision by virtue of paragraph 14(4) above the scheme must also include provision that if the pay for the profit period is less than the pay for the preceding period of 12 months the percentage to be applied for the purposes of the provision included by virtue of paragraph 14(4) above shall be the increased percentage (instead of any other percentage).
- (6) The increased percentage must be one arrived at by—
- (a) taking the percentage that would be applied for the purposes of the provision included by virtue of paragraph 14(4) above apart from the provision included by virtue of sub-paragraph (5) above, and
- (b) adding the percentage found by expressing the difference in pay as a percentage of the profits in the preceding period of 12 months.
- (7) For the purposes of this paragraph—
- (a) the pay for the profit period or for the preceding period of 12 months is the pay paid to employees in respect of employment in the period concerned in the employment unit concerned;
- (b) the difference in pay is the difference between the pay for the profit period and the pay for the preceding period of 12 months;
and any profit-related pay shall be ignored in applying paragraph (a) above.
##### 19A
- (1) The Treasury may by order amend paragraph 19 above so as to add to, delete or vary any of the items mentioned in sub-paragraph (6) of that paragraph.
- (2) In this paragraph references to an order are references to an order under sub-paragraph (1) above.
- (3) Subject to sub-paragraphs (4) to (8) below, any amendment or amendments made by virtue of an order shall have effect in relation to the preparation, for the purposes of a scheme, of a profit and loss account in respect of a period beginning on or after the day on which the order comes into force.
- (4) Any amendment or amendments made by virtue of an order shall not have effect in relation to an existing scheme unless, before the end of the period of 6 months beginning with the day on which the order comes into force, the scheme is altered to take account of the amendment or amendments.
- (5) Sub-paragraphs (6) to (8) below apply where, before the end of the period mentioned in sub-paragraph (4) above, an existing scheme is altered as mentioned in that sub-paragraph.
- (6) The provision made by the scheme in compliance with paragraph 20(1) below shall not prevent a profit and loss account being prepared in accordance with the alteration.
- (7) Where the distributable pool would but for this sub-paragraph be determined by reference—
- (a) to an amount shown in a profit and loss account prepared in accordance with the altered scheme, and
- (b) to an amount shown in a profit and loss account (“an earlier account”) prepared in accordance with the scheme in a form in which it stood before the alteration,
then, for the purposes of the determination of the pool, the amount shown in the earlier account shall be recalculated using the same method as that used to calculate the amount mentioned in paragraph (a) above.
- (8) The alteration of the existing scheme shall be treated as being within subsection (8) of section 177B.
- (9) An order may include such supplementary, incidental or consequential provisions as appear to the Treasury to be necessary or expedient.
- (10) In this paragraph “*an existing scheme*”, in relation to an order, means a scheme which, immediately before the day on which the order comes into force, is a registered scheme.
### Parts of undertakings
##### 21
- (1) This paragraph shall apply to a scheme if the employment unit is a part of an undertaking, and the scheme states that the profits or losses of the unit are for the purposes of the scheme to be taken to be equivalent to those of the whole undertaking (which must be identified by the scheme).
- (2) Where this paragraph applies to a scheme, this Schedule shall have effect as if any reference to the profits or losses of the employment unit were a reference to the profits or losses of the undertakings of which it forms part.
##### 22
- (1) Where paragraph 21 above applies to a scheme, the scheme must contain provisions ensuring that no payments are made under it by reference to a profit period unless, at the beginning of that profit period,—
- (a) there is at least one other registered scheme which relates to employees employed in the same undertaking as that of which the employment unit forms part, and
- (b) the number of the employees to whom the scheme relates does not exceed 33 per cent. of the number of the employees to whom that other scheme relates (or if there is more than one other scheme, the aggregate number of the employees to whom they relate).
- (2) Another registered scheme shall be disregarded for the purposes of sub-paragraph (1) above—
- (a) if paragraph 21 above applies to it, or
- (b) if, by virtue of provisions of the kind described in paragraph 6 above, no payments could be made under it by reference to the profit period concerned.
- (3) Where paragraph 21 above applies to two or more schemes relating to employment units which are parts of the same undertaking, an employee to whom another scheme relates shall not be counted for the purposes of sub-paragraph (1)(b) above in connection with more than one of those schemes.
##### 23
- (1) In a case where—
- (a) paragraph 21 above applies to a scheme, and
- (b) method A (specified in paragraph 13 above) is employed for the purposes of the scheme,
the scheme must contain provisions which comply with this paragraph and which apply as regards each profit period to which the scheme relates.
- (2) The scheme must ensure that no payments are made under it by reference to a given profit period if the percentage mentioned in paragraph 13(1) above exceeds the permitted percentage.
- (3) The scheme must ensure that the permitted percentage is a percentage found by—
- (a) taking the pay paid to employees in respect of employment in the relevant year in the employment unit to which the other scheme mentioned in paragraph 22(1)(a) above relates or (if there are two or more other schemes) the aggregate of the pay paid to employees in respect of employment in the relevant year in the employment units to which the other schemes relate;
- (b) taking the profit-related pay paid to employees in respect of employment in the relevant year in the employment unit to which the other scheme mentioned in paragraph 22(1)(a) above relates or (if there are two or more other schemes) the aggregate of the profit-related pay paid to employees in respect of employment in the relevant year in the employment units to which the other schemes relate;
- (c) taking the pay paid to employees in respect of employment in the relevant year in the employment unit to which the scheme mentioned in paragraph 21 above relates;
- (d) taking the fraction whose denominator is equal to the number of whole pounds found under paragraph (a) above and whose numerator is equal to the number of whole pounds found under paragraph (b) above;
- (e) multiplying the amount found under paragraph (c) above by the fraction found under paragraph (d) above;
- (f) taking the profits for the relevant year of the undertaking mentioned in paragraph 21 above;
- (g) expressing the amount found under paragraph (e) above as a percentage of the amount found under paragraph (f) above;
- (h) taking the percentage found under paragraph (g) above as the permitted percentage.
- (4) The scheme must ensure that the relevant year is a period of 12 months identified in the scheme and ending at a time within the period of two years immediately preceding the given profit period.
##### 24
- (1) In a case where—
- (a) paragraph 21 above applies to a scheme, and
- (b) method B (specified in paragraph 14 above) is employed for the purposes of the scheme,
the scheme must contain provisions which comply with this paragraph and which apply as regards each profit period to which the scheme relates.
- (2) The scheme must ensure that no payments are made under it by reference to the first or only profit period to which the scheme relates if the notional pool mentioned in paragraph 14(1)(a) above exceeds the permitted limit.
- (3) The scheme must also ensure that no payments are made under it by reference to a given profit period other than the first if the distributable pool for the previous profit period (mentioned in paragraph 14(1)(b) above) exceeds the permitted limit.
- (4) The scheme must ensure that the permitted limit is a limit found by—
- (a) taking the pay paid to employees in respect of employment in the relevant year in the employment unit to which the other scheme mentioned in paragraph 22(1)(a) above relates or (if there are two or more other schemes) the aggregate of the pay paid to employees in respect of employment in the relevant year in the employment units to which the other schemes relate;
- (b) taking the profit-related pay paid to employees in respect of employment in the relevant year in the employment unit to which the other scheme mentioned in paragraph 22(1)(a) above relates or (if there are two or more other schemes) the aggregate of the profit-related pay paid to employees in respect of employment in the relevant year in the employment units to which the other schemes relate;
- (c) taking the pay paid to employees in respect of employment in the relevant year in the employment unit to which the scheme mentioned in paragraph 21 above relates;
- (d) taking the fraction whose denominator is equal to the number of whole pounds found under paragraph (a) above and whose numerator is equal to the number of whole pounds found under paragraph (b) above;
- (e) multiplying the amount found under paragraph (c) above by the fraction found under paragraph (d) above;
- (f) taking the amount found under paragraph (e) above as the permitted limit.
- (5) The scheme must ensure that the relevant year is—
- (a) a period of 12 months identified in the scheme and ending at a time within the period of two years immediately preceding the first or only profit period to which the scheme relates (in the case of provisions contained in the scheme by virtue of sub-paragraph (2) above);
- (b) a period of 12 months identified in the scheme and ending at a time within the period of two years immediately preceding the given profit period (in the case of provisions contained in the scheme by virtue of sub-paragraph (3) above).
##### 8A
- (1) In the case of a savings-related share option scheme or a profit sharing scheme, the scheme must specify what age is to be the specified age for the purposes of the scheme.
- (2) The age specified—
- (a) must be the same for men and women, and
- (b) must be not less than 60 and not more than 75.
##### 11A
- (1) In the case of a profit sharing scheme, scheme shares must not be shares—
- (a) in an employer company, or
- (b) in a company that—
- (i) has control of an employer company, and
- (ii) is under the control of a person or persons within sub-paragraph (2)(b)(i) below in relation to an employer company.
- (2) For the purposes of this paragraph a company is “*an employer company*” if—
- (a) the business carried on by it consists substantially in the provision of the services of the persons employed by it, and
- (b) the majority of those services are provided to—
- (i) a person who has, or two or more persons who together have, control of the company, or
- (ii) a company associated with the company.
- (3) For the purposes of sub-paragraph (2)(b)(ii) above a company shall be treated as associated with another company if both companies are under the control of the same person or persons.
- (4) For the purposes of sub-paragraphs (1) to (3) above—
- (a) references to a person include a partnership, and
- (b) where a partner, alone or together with others, has control of a company, the partnership shall be treated as having like control of that company.
- (5) For the purposes of this paragraph the question whether a person controls a company shall be determined in accordance with section 416(2) to (6).
### Shares subject to an employee benefit trust
##### 40
- (1) Where an individual has an interest in shares or obligations of the company as a beneficiary of an employee benefit trust, the trustees shall not be regarded as associates of his by reason only of that interest unless sub-paragraph (3) below applies in relation to him.
- (2) In this paragraph “*employee benefit trust*” has the same meaning as in paragraph 7 of Schedule 8.
- (3) This sub-paragraph applies in relation to an individual if at any time on or after 14th March 1989—
- (a) the individual, either on his own or with any one or more of his associates, or
- (b) any associate of his, with or without other such associates,
has been the beneficial owner of, or able (directly or through the medium of other companies or by any other indirect means) to control, more than 25 per cent., or in the case of a share option scheme which is not a savings-related share option scheme more than 10 per cent., of the ordinary share capital of the company.
- (4) Sub-paragraphs (9) to (12) of paragraph 7 of Schedule 8 shall apply for the purposes of this paragraph in relation to an individual as they apply for the purposes of that paragraph in relation to an employee.
##### 3A
- (1) In paragraph 3 above the reference to the relevant age shall be construed as follows.
- (2) Where the scheme is approved before 25th July 1991 and the event occurs before 30th November 1993, the relevant age is
- (a) in the case of a man, 65, and
- (b) in the case of a woman, 60.
- (3) Where—
- (a) the scheme is approved before 25th July 1991,
- (b) the event occurs on or after 30th November 1993,
- (c) the scheme defines the period of retention by reference to the age of 60 for both men and women, and
- (d) the reference to that age is incorporated in the definition by virtue of an alteration approved by the Board under paragraph 4 of Schedule 9 before the event occurs,
the relevant age is 60.
- (4) Where—
- (a) the scheme is approved before 25th July 1991,
- (b) the event occurs on or after 30th November 1993, and
- (c) sub-paragraph (3) above does not apply,
the relevant age is in the case of a man, 65, and in the case of a woman, 60.
- (5) Where the scheme is approved on or after 25th July 1991, the relevant age is the specified age.
##### 5A
- (1) Paragraph 5(2) to (6) above apply where there occurs in relation to any of a participant’s shares (“*the original holding*”) a relevant transaction which would result in a new holding being equated with the original holding for the purposes of capital gains tax, were it not for the fact that what would be the new holding consists of or includes a qualifying corporate bond; and “*relevant transaction*” here means a transaction mentioned in Chapter II of Part IV of the 1992 Act.
- (2) In paragraph 5(2) to (6) above as applied by this paragraph—
- (a) references to a company reconstruction are to the transaction referred to in sub-paragraph (1) above;
- (b) references to the new holding are to what would be the new holding were it not for the fact mentioned in sub-paragraph (1) above;
- (c) references to the original holding shall be construed in accordance with sub-paragraph (1) above (and not paragraph 5(1));
- (d) references to shares, in the context of the new holding, include securities and rights of any description which form part of the new holding.
- (3) In sub-paragraph (1) above “*qualifying corporate bond*” shall be construed in accordance with section 117 of the 1992 Act.
## SCHEDULE 11A
## Part I — TAX RELIEF
##### 1
- (1) Where by reason of a person’s employment—
- (a) any sums are paid to that person (the employee) in respect of qualifying removal expenses,
- (b) any sums are paid on behalf of the employee to another person in respect of qualifying removal expenses, or
- (c) any qualifying removal benefit is provided for the employee or for others being members of his family or household,
the employee shall not thereby be regarded as receiving emoluments of the employment for any purpose of Case I or Case II of Schedule E.
- (2) Sub-paragraph (1) above shall have effect subject to Part V of this Schedule.
##### 2
- (1) This paragraph applies where—
- (a) any payment or benefit would (apart from paragraph 1 above) constitute emoluments of an employment for any purpose of Case I or Case II of Schedule E, and
- (b) by virtue of that paragraph it is treated as not being such emoluments.
- (2) The payment or benefit shall be treated as not being emoluments of the employment for any purpose of Case III of Schedule E.
## Part II — QUALIFYING EXPENSES AND QUALIFYING BENEFITS
### Qualifying removal expenses
##### 3
- (1) Expenses are not qualifying removal expenses unless they are eligible removal expenses and the conditions set out in this paragraph and paragraph 5 below are fulfilled.
- (2) The expenses must be reasonably incurred by the employee in connection with a change of his residence.
- (3) The expenses must be incurred on or before the relevant day.
### Qualifying removal benefits
##### 4
- (1) A benefit is not a qualifying removal benefit unless it is an eligible removal benefit and the conditions set out in this paragraph and paragraph 5 below are fulfilled.
- (2) The benefit must be reasonably provided in connection with a change of the employee’s residence.
- (3) The benefit must be provided on or before the relevant day.
### Connection with employment
##### 5
- (1) The change of residence mentioned in paragraphs 3(2) and 4(2) above must result from—
- (a) the employee becoming employed by an employer,
- (b) an alteration of the duties of the employee’s employment (where his employer remains the same), or
- (c) an alteration of the place where the employee is normally to perform the duties of his employment (where both his employer and the duties of his employment remain the same).
- (2) The change must be made wholly or mainly to allow the employee to have his residence within a reasonable daily travelling distance of—
- (a) the place where he performs, or is to perform, the duties of his employment (where sub-paragraph (1)(a) above applies);
- (b) the place where he performs, or is to perform, the new duties of his employment (where sub-paragraph (1)(b) above applies);
- (c) the new place where he performs, or is to perform, the duties of his employment (where sub-paragraph (1)(c) above applies);
and any reference in this sub-paragraph to the place where the employee performs, or is to perform, duties of his employment is to the place where he normally performs, or is normally to perform, those duties.
- (3) The employee’s former residence must not be within a reasonable daily travelling distance of the place mentioned in sub-paragraph (2) above.
### The relevant day
##### 6
- (1) Subject to sub-paragraph (2) below, the relevant day, in relation to a particular change of residence, is the day on which the relevant year ends; and for the purposes of this sub-paragraph the relevant year is the year of assessment next following the year of assessment in which—
- (a) the employee begins to perform the duties of his employment (where paragraph 5(1)(a) above applies);
- (b) the employee begins to perform the new duties of his employment (where paragraph 5(1)(b) above applies);
- (c) the employee begins to perform the duties of his employment at the new place (where paragraph 5(1)(c) above applies).
- (2) If it appears reasonable to the Board to do so, having regard to all the circumstances of a particular change of residence, they may direct that in relation to that change the relevant day is a day which—
- (a) falls after the day mentioned in sub-paragraph (1) above, and
- (b) is a day on which a year of assessment ends.
## Part III — ELIGIBLE REMOVAL EXPENSES
### Introduction
##### 7
Expenses are eligible removal expenses if they fall into one of the following categories—
- (a) expenses of disposal,
- (b) expenses of acquisition,
- (c) expenses of abortive acquisition,
- (d) expenses of transporting belongings,
- (e) travelling and subsistence expenses,
- (f) bridging loan expenses, and
- (g) duplicate expenses;
and paragraphs 8 to 14 below apply for the purpose of interpreting the preceding provisions of this paragraph.
### Expenses of disposal
##### 8
- (1) Expenses fall within paragraph 7(a) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) that interest is disposed of, or is intended to be disposed of, in consequence of the change of residence, and
- (c) the expenses fall within sub-paragraph (2) below.
- (2) Expenses fall within this sub-paragraph if they consist of one of the following—
- (a) legal expenses connected with the disposal or intended disposal of the employee’s interest in his former residence (including legal expenses connected with the redemption of any loan relating to the residence),
- (b) any penalty for redeeming, for the purpose of the disposal or intended disposal, any loan relating to the residence,
- (c) fees of any estate agent or auctioneer engaged in the disposal or intended disposal,
- (d) expenses of advertising the disposal or intended disposal,
- (e) charges for disconnecting, for the purpose of the disposal or intended disposal, public utilities serving the residence,
- (f) expenses of maintaining, insuring, or preserving the security of the residence at any time when unoccupied pending the disposal or intended disposal, and
- (g) any rent paid in respect of the residence at any such time.
- (3) The reference in this paragraph to the employee having an interest in his former residence includes a reference to—
- (a) one or more members of the employee’s family or household having such an interest;
- (b) the employee and one or more members of his family or household having such an interest;
and references to the disposal or intended disposal of the employee’s interest in his former residence shall be construed accordingly.
- (4) For the purposes of this paragraph a loan relates to a residence if the loan was raised to obtain an interest in the residence, or an interest in the residence forms security for the loan, or both.
### Expenses of acquisition
##### 9
- (1) Expenses fall within paragraph 7(b) above if (and only if) the employee acquires an interest in his new residence and the expenses consist of one of the following—
- (a) legal expenses connected with the acquisition by the employee of the interest (including legal expenses connected with any loan raised to acquire the interest),
- (b) any procurement fees connected with any such loan,
- (c) the costs of any insurance effected to cover risks which are incurred by the maker of any such loan and which arise because the amount of the loan is equal to the whole, or a substantial part, of the value of the interest,
- (d) fees relating to any survey or inspection of the residence undertaken in connection with the acquisition by the employee of the interest,
- (e) fees payable to an appropriate registry or appropriate register in connection with the acquisition by the employee of the interest,
- (f) stamp duty charged on the acquisition, and
- (g) charges for connecting any public utility for use by the employee, if the utility serves the residence.
- (2) References in this paragraph to the employee acquiring an interest in his new residence include references to—
- (a) one or more members of the employee’s family or household acquiring such an interest;
- (b) the employee and one or more members of his family or household acquiring such an interest.
- (3) References in this paragraph to a loan are to a loan raised by the employee, by one or more members of the employee’s family or household or by the employee and one or more members of his family or household.
- (4) The reference in this paragraph to a utility for use by the employee includes a reference to a utility for use by the employee and one or more members of his family or household.
- (5) For the purposes of this paragraph an appropriate registry is any of the following—
- (a) Her Majesty’s Land Registry;
- (b) the Land Registry in Northern Ireland;
- (c) the Registry of Deeds for Northern Ireland;
and an appropriate register is any register under the management and control of the Keeper of the Registers of Scotland.
### Expenses of abortive acquisition
##### 10
Expenses fall within paragraph 7(c) above if (and only if)—
- (a) they are incurred with a view to the acquisition of an interest in a residence, the interest is not acquired, but (if it were) the residence would be the employee’s new residence,
- (b) they would fall within paragraph 7(b) above if the interest were acquired, and
- (c) the interest is not acquired because of circumstances outside the control of the person seeking to acquire the interest, or because that person reasonably declines to proceed.
### Expenses of transporting belongings
##### 11
- (1) Expenses fall within paragraph 7(d) above if (and only if) they consist of one of the following—
- (a) expenses connected with transporting domestic belongings from the employee’s former residence to his new residence, and
- (b) the costs of any insurance effected to cover such transporting.
- (2) For the purposes of this paragraph transporting includes—
- (a) packing and unpacking belongings,
- (b) temporarily storing them if a direct move from the former to the new residence is not made,
- (c) detaching domestic fittings from the former residence if they are to be taken to the new residence, and
- (d) attaching domestic fittings to the new residence, and adapting them, if they are brought from the old residence.
- (3) For the purposes of this paragraph domestic belongings are those of the employee and of members of his family or household.
### Travelling and subsistence expenses
##### 12
- (1) Expenses fall within paragraph 7(e) above if (and only if) they consist of one of the following—
- (a) the costs of travelling and subsistence of the employee and members of his family or household while making temporary visits to the new area for purposes connected with the change,
- (b) the employee’s costs of travelling between his former residence and the place where he normally performs his new duties or (where paragraph 5(1)(c) above applies) between his former residence and the new place where he normally performs the duties of his employment,
- (c) where paragraph 5(1)(b) or (c) above applies, the employee’s costs of travelling, before the alteration mentioned in paragraph 5(1)(b) or (c), between his new residence and his original place of work,
- (d) costs of the employee’s subsistence (other than costs falling within paragraph (a) above),
- (e) the employee’s costs of travelling between his former residence and any temporary living accommodation of the employee,
- (f) where paragraph 5(1)(b) or (c) above applies, the employee’s costs of travelling, before the alteration mentioned in paragraph 5(1)(b) or (c), between his new residence and any temporary living accommodation of the employee,
- (g) the costs of travelling of the employee and members of his family or household from the employee’s former residence to his new residence in connection with the change,
- (h) a relevant child’s costs of subsistence while staying, for the purposes of securing the continuity of his education, in living accommodation in the old area after the change,
- (i) a relevant child’s costs of travelling between the accommodation mentioned in paragraph (h) above and the employee’s new residence,
- (j) a relevant child’s costs of subsistence while staying, for the purposes of securing the continuity of his education, in living accommodation in the new area before the change, and
- (k) a relevant child’s costs of travelling between the accommodation mentioned in paragraph (j) above and the employee’s former residence.
- (2) For the purposes of this paragraph—
- (a) the employee’s new duties are the duties of his employment (where paragraph 5(1)(a) above applies) or the new duties of his employment (where paragraph 5(1)(b) above applies),
- (b) the new area is the area round or near the place where the employee’s new duties are, or are to be, normally performed, or (where paragraph 5(1)(c) above applies) the area round or near the new place where the duties of the employee’s employment are, or are to be, normally performed,
- (c) the employee’s original place of work is the place where, before the alteration mentioned in paragraph 5(1)(b) or (c) above, the employee normally performs the duties of his employment,
- (d) a relevant child is a person who is a member of the employee’s family or household and who is aged under 19 at the material time, and
- (e) the old area is the area round or near the former residence of the employee.
- (3) For the purposes of this paragraph the material time is the beginning of the year of assessment in which—
- (a) the employee becomes employed by an employer,
- (b) the alteration of the duties of the employee’s employment becomes effective, or
- (c) the alteration of the place where the employee is normally to perform the duties of his employment becomes effective.
- (4) In a case where—
- (a) expenses are incurred by the employee,
- (b) the expenses would, apart from this sub-paragraph, fall within paragraph 7(e) above, and
- (c) a deduction is allowable under any of sections 193 to 195 in respect of the whole or part of the expenses,
the expenses or, as the case may be, the part of them in respect of which the deduction is allowable shall be treated as not falling within paragraph 7(e) above.
### Bridging loan expenses
##### 13
- (1) Expenses fall within paragraph 7(f) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) he disposes of that interest in consequence of the change of residence,
- (c) he acquires an interest in his new residence, and
- (d) the expenses consist of interest falling within sub-paragraph (2) below.
- (2) Interest falls within this sub-paragraph if it is payable by the employee in respect of a loan raised by him and the reason, or one of the reasons, for the loan being raised is that a period elapses between—
- (a) the date when expenditure is incurred in connection with the acquisition of the employee’s interest in his new residence, and
- (b) the date when the proceeds of the disposal of the employee’s interest in his former residence are available.
- (3) Interest on so much of the loan as exceeds the market value of the employee’s interest in his former residence (taken at the time his interest in his new residence is acquired) shall be regarded as not falling within sub-paragraph (2) above.
- (4) Interest on so much of the loan as is not used for any of the following purposes shall also be regarded as not falling within sub-paragraph (2) above—
- (a) the purpose of redeeming any loan relating to the employee’s former residence and raised by him;
- (b) the purpose of acquiring the employee’s interest in his new residence.
- (5) For the purposes of this paragraph a loan relates to a residence if the loan was raised to obtain an interest in the residence, or an interest in the residence forms security for the loan, or both.
- (6) References in this paragraph to the employee having, disposing of or acquiring an interest in a residence include references to—
- (a) one or more members of the employee’s family or household having, disposing of or acquiring such an interest;
- (b) the employee and one or more members of his family or household having, disposing of or acquiring such an interest;
and references to the employee’s interest shall be construed accordingly.
- (7) The reference in this paragraph to interest payable by the employee includes a reference to interest payable by one or more members of the employee’s family or household or by the employee and one or more members of his family or household.
- (8) References in this paragraph to a loan raised by the employee include references to a loan raised by one or more members of the employee’s family or household or by the employee and one or more members of his family or household.
### Duplicate expenses
##### 14
- (1) Expenses fall within paragraph 7(g) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) he disposes of that interest in consequence of the change of residence,
- (c) he acquires an interest in his new residence,
- (d) the expenses are incurred by the employee as a result of the change, and
- (e) the expenses are incurred on the purchase of domestic goods intended to replace goods which were used at the employee’s former residence but which are not suitable for use at his new residence.
- (2) In arriving at the total of the expenses any amount mentioned in sub-paragraph (3) below shall be deducted from what would be the total apart from this sub-paragraph; and accordingly an amount equal to the aggregate of such amounts shall not be treated as eligible removal expenses.
- (3) The amount is any amount obtained in respect of the sale of the replaced goods.
- (4) References in this paragraph to the employee having, disposing of or acquiring an interest in a residence include references to—
- (a) one or more members of the employee’s family or household having, disposing of or acquiring such an interest;
- (b) the employee and one or more members of his family or household having, disposing of or acquiring such an interest.
### Power to amend
##### 15
- (1) The Treasury may make regulations amending the preceding provisions of this Part of this Schedule so as to secure that expenses that would not be eligible removal expenses (apart from the regulations) are such expenses.
- (2) Any such regulations may include such supplementary, incidental or consequential provisions as appear to the Treasury to be necessary or expedient; and such provisions may be made by way of amendment to other Parts of this Schedule, or otherwise.
- (3) Any such regulations shall have effect as regards any change of an employee’s residence which results from—
- (a) the employee becoming employed by an employer on or after the specified day;
- (b) an alteration, with effect from a time falling on or after the specified day, of the duties of the employee’s employment;
- (c) an alteration, with effect from a time falling on or after the specified day, of the place where the employee is normally to perform the duties of his employment;
and in this sub-paragraph “*the specified day*” means the day specified in the regulations for the purposes of this sub-paragraph.
## Part IV — ELIGIBLE REMOVAL BENEFITS
### Introduction
##### 16
Benefits are eligible removal benefits if they fall into one of the following categories—
- (a) benefits in respect of disposal,
- (b) benefits in respect of acquisition,
- (c) benefits in respect of abortive acquisition,
- (d) benefits in respect of the transporting of belongings,
- (e) travelling and subsistence benefits, and
- (f) benefits in respect of the new residence;
and paragraphs 17 to 22 below apply for the purpose of interpreting the preceding provisions of this paragraph.
### Benefits in respect of disposal
##### 17
- (1) A benefit falls within paragraph 16(a) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) that interest is disposed of, or is intended to be disposed of, in consequence of the change of residence, and
- (c) the benefit falls within sub-paragraph (2) below.
- (2) A benefit falls within this sub-paragraph if it consists of one of the following—
- (a) legal services connected with the disposal or intended disposal of the employee’s interest in his former residence (including legal services connected with the redemption of any loan relating to the residence),
- (b) the waiving of any penalty for redeeming, for the purpose of the disposal or intended disposal, any loan relating to the residence,
- (c) the services of an estate agent or auctioneer engaged in the disposal or intended disposal,
- (d) services connected with the advertisement of the disposal or intended disposal,
- (e) the disconnection, for the purpose of the disposal or intended disposal, of public utilities serving the residence, and
- (f) services connected with the maintenance or insurance, or the preservation of the security, of the residence at any time when unoccupied pending the disposal or intended disposal.
- (3) Sub-paragraphs (3) and (4) of paragraph 8 above apply for the purposes of this paragraph as they apply for the purposes of that.
### Benefits in respect of acquisition
##### 18
- (1) A benefit falls within paragraph 16(b) above if (and only if) the employee acquires an interest in his new residence and the benefit consists of one of the following—
- (a) legal services connected with the acquisition by the employee of the interest (including legal services connected with any loan raised to acquire the interest),
- (b) the waiving of any procurement fees connected with any such loan,
- (c) the waiving of any amount payable in respect of insurance effected to cover risks which are incurred by the maker of any such loan and which arise because the amount of the loan is equal to the whole, or a substantial part, of the value of the interest,
- (d) any survey or inspection of the residence undertaken in connection with the acquisition by the employee of the interest, and
- (e) the connection of any public utility for use by the employee, if the utility serves the residence.
- (2) Sub-paragraphs (2) to (4) of paragraph 9 above apply for the purposes of this paragraph as they apply for the purposes of that.
### Benefits in respect of abortive acquisition
##### 19
A benefit falls within paragraph 16(c) above if (and only if)—
- (a) it is provided with a view to the acquisition of an interest in a residence, the interest is not acquired, but (if it were) the residence would be the employee’s new residence,
- (b) it would fall within paragraph 16(b) above if the interest were acquired, and
- (c) the interest is not acquired because of circumstances outside the control of the person seeking to acquire the interest, or because that person reasonably declines to proceed.
### Benefits in respect of the transporting of belongings
##### 20
- (1) A benefit falls within paragraph 16(d) above if (and only if) it consists of one of the following—
- (a) the transporting of domestic belongings from the employee’s former residence to his new residence, and
- (b) the effecting of insurance to cover such transporting.
- (2) Sub-paragraphs (2) and (3) of paragraph 11 above apply for the purposes of this paragraph as they apply for the purposes of that.
### Travelling and subsistence benefits
##### 21
- (1) A benefit falls within paragraph 16(e) above if (and only if) it consists of one of the following—
- (a) subsistence, and facilities for travel, provided for the employee and members of his family or household while making temporary visits to the new area for purposes connected with the change,
- (b) facilities provided for the employee for travel between his former residence and the place where he normally performs his new duties or (where paragraph 5(1)(c) above applies) between his former residence and the new place where he normally performs the duties of his employment,
- (c) where paragraph 5(1)(b) or (c) above applies, facilities provided for the employee for travel, before the alteration mentioned in paragraph 5(1)(b) or (c), between his new residence and his original place of work,
- (d) subsistence provided for the employee (other than subsistence falling within paragraph (a) above),
- (e) facilities provided for the employee for travel between his former residence and any temporary living accommodation of the employee,
- (f) where paragraph 5(1)(b) or (c) above applies, facilities provided for the employee for travel, before the alteration mentioned in paragraph 5(1)(b) or (c), between his new residence and any temporary living accommodation of the employee,
- (g) facilities provided for the employee and members of his family or household for travel from the employee’s former residence to his new residence in connection with the change,
- (h) subsistence provided for a relevant child while staying, for the purposes of securing the continuity of his education, in living accommodation in the old area after the change,
- (i) facilities provided for a relevant child for travel between the accommodation mentioned in paragraph (h) above and the employee’s new residence,
- (j) subsistence provided for a relevant child while staying, for the purposes of securing the continuity of his education, in living accommodation in the new area before the change, and
- (k) facilities provided for a relevant child for travel between the accommodation mentioned in paragraph (j) above and the employee’s former residence.
- (2) Where (apart from this sub-paragraph) a car or van would constitute a facility for the purposes of sub-paragraph (1) above, it shall not do so if the car or van—
- (a) is provided as mentioned in that sub-paragraph,
- (b) is also available at any relevant time to the employee, or to others being members of his family or household, for his or their private use not falling within that sub-paragraph, and
- (c) is so available by reason of the employee’s employment and without any transfer of the property in it.
- (3) Sub-paragraphs (2) and (3) of paragraph 12 above apply for the purposes of this paragraph as they apply for the purposes of that.
- (4) In this paragraph “*car*”, “*van*” and “*private use*” have the same meanings as in Chapter II of this Part of this Act.
- (5) Section 168(6) applies for the purposes of this paragraph as it applies for the purposes of Chapter II of this Part of this Act.
- (6) For the purposes of this paragraph a relevant time is any time falling on or before the day which is the relevant day (within the meaning given by paragraph 6 above) in relation to the change of residence concerned.
- (7) In a case where—
- (a) a benefit is provided for the employee or a member of his family or household,
- (b) the benefit would, apart from this sub-paragraph, fall within paragraph 16(e) above, and
- (c) a deduction is allowable under any of sections 193 to 195 in respect of the whole or part of the cost of the benefit,
the benefit shall, subject to sub-paragraph (8) below, be treated as not falling within paragraph 16(e) above.
- (8) Where a deduction is allowed as mentioned in sub-paragraph (7) above in respect of part only of the cost of the benefit, the extent to which the benefit is treated as falling within paragraph 16(e) above shall be determined on a just and reasonable basis.
### Benefits in respect of new residence
##### 22
- (1) A benefit falls within paragraph 16(f) above if (and only if)—
- (a) the employee has an interest in his former residence,
- (b) he disposes of that interest in consequence of the change of residence,
- (c) he acquires an interest in his new residence,
- (d) the benefit is provided as a result of the change, and
- (e) the benefit consists of domestic goods provided to replace goods which were used at the employee’s former residence but which are not suitable for use at his new residence.
- (2) Sub-paragraph (4) of paragraph 14 above applies for the purposes of this paragraph as it applies for the purposes of that.
### Power to amend
##### 23
- (1) The Treasury may make regulations amending the preceding provisions of this Part of this Schedule so as to secure that a benefit that would not be an eligible removal benefit (apart from the regulations) is such a benefit.
- (2) Any such regulations may include such supplementary, incidental or consequential provisions as appear to the Treasury to be necessary or expedient; and such provisions may be made by way of amendment to other Parts of this Schedule, or otherwise.
- (3) Sub-paragraph (3) of paragraph 15 above applies to regulations made under this paragraph as it applies to regulations made under that.
## Part V — THE QUALIFYING LIMIT
##### 24
- (1) In a case where, by reason of the employee’s employment and in connection with a particular change of residence—
- (a) any sums are paid as mentioned in paragraph 1(1)(a) or (b) above, or
- (b) any qualifying removal benefit is provided as mentioned in paragraph 1(1)(c) above,
paragraph 1(1) above shall apply only to the extent that the total value to the employee, found under sub-paragraph (2) below, does not exceed the qualifying limit.
- (2) The total value to the employee is the total of the following—
- (a) the aggregate of the amounts of any sums paid as mentioned in paragraph 1(1)(a) or (b) above in connection with the change of residence;
- (b) the aggregate of any amounts represented by qualifying removal benefits which are provided as mentioned in paragraph 1(1)(c) above in connection with the change.
- (3) Subject to sub-paragraphs (4) to (8) below, for the purposes of sub-paragraph (2)(b) above the amount represented by a benefit is the amount which would be the cash equivalent of the benefit under Chapter II of this Part of this Act if the benefit were chargeable under the appropriate provision of that Chapter.
- (4) In the case of a benefit which—
- (a) consists of living accommodation provided for a person, and
- (b) is, or would be apart from this Schedule, chargeable under section 145 and not under section 146,
for the purposes of sub-paragraph (2)(b) above the amount represented by the benefit is the amount which, if the benefit were so chargeable, would be the value to the employee of the accommodation for the period in which the accommodation is provided, less the appropriate sum.
- (5) For the purposes of sub-paragraph (4) above the value to the employee of accommodation in any period shall be determined in accordance with section 145, and the reference in that sub-paragraph to the appropriate sum is to the total of—
- (a) so much of any sum made good by the employee to those at whose cost the accommodation is provided as is properly attributable to the provision of the accommodation, and
- (b) any amounts which, if the benefit were chargeable under section 145, would be deductible by virtue of section 145(3) from the amount to be treated as emoluments under section 145(1) as regards the benefit.
- (6) In the case of a benefit which—
- (a) consists of living accommodation provided for a person, and
- (b) is, or would be apart from this Schedule, chargeable under both section 145 and section 146,
for the purposes of sub-paragraph (2)(b) above the amount represented by the benefit is the total of the amounts mentioned in sub-paragraph (7) below.
- (7) The amounts referred to in sub-paragraph (6) above are—
- (a) the amount which would be found under sub-paragraph (4) above if the benefit were chargeable under section 145 and not under section 146, and
- (b) the amount which, if the benefit were chargeable under section 146, would be the additional value to the employee of the accommodation for the period in which the accommodation is provided, less the appropriate sum.
- (8) For the purposes of sub-paragraph (7) above the additional value to the employee of accommodation in any period shall be determined in accordance with section 146, and the reference in that sub-paragraph to the appropriate sum is to the total of—
- (a) so much of any rent paid by the employee in respect of the accommodation to the person providing it as exceeds the value to the employee of the accommodation for the period (determined in accordance with section 145), and
- (b) any amounts which, if the benefit were chargeable under section 146, would be deductible by virtue of subsection (9) of that section from the amount to be treated as emoluments under that section as regards the benefit.
- (9) The qualifying limit, as regards any change of residence, is £8,000.
- (10) The Treasury may by order substitute for the sum for the time being specified in sub-paragraph (9) above a sum of a greater amount.
- (11) Any such substitution shall have effect as regards any change of an employee’s residence which results from—
- (a) the employee becoming employed by an employer on or after the specified day;
- (b) an alteration, with effect from a time falling on or after the specified day, of the duties of the employee’s employment;
- (c) an alteration, with effect from a time falling on or after the specified day, of the place where the employee is normally to perform the duties of his employment;
and in this sub-paragraph “*the specified day*” means the day specified in the order for the purposes of this sub-paragraph.
## Part VI — GENERAL
### Interpretation
##### 25
In this Schedule—
- (a) references to the residence of the employee are to his sole or main residence,
- (b) references to the former residence of the employee are to his sole or main residence before the change,
- (c) references to the new residence of the employee are to his sole or main residence after the change, and
- (d) references to an interest in a residence are, in the case of a building, references to an estate or interest in the land concerned.
##### 26
For the purposes of this Schedule a person is not a member of another person’s family or household unless the former is—
- (a) the latter’s spouse, son, daughter, parent, servant, dependant or guest, or
- (b) the spouse of a son or daughter of the latter.
##### 27
In this Schedule references to employment include references to any office, and related expressions shall be construed accordingly.
##### 28
References in this Schedule to subsistence are to food, drink and temporary living accommodation.
### Commencement
##### 29
This Schedule applies to any payment made, or any benefit provided, in connection with a change of an employee’s residence which results from—
- (a) the employee becoming employed by an employer on or after 6th April 1993,
- (b) an alteration, with effect from a time falling on or after 6th April 1993, of the duties of the employee’s employment, or
- (c) an alteration, with effect from a time falling on or after 6th April 1993, of the place where the employee is normally to perform the duties of his employment.
### Amount of emoluments
##### 1A
For the purposes of section 192A and this Schedule the amount of the emoluments for a year of assessment from any employment shall be taken to be the amount remaining after any capital allowance and after any deductions under section 192(3), 193(4), 194(1), 195(7), 197AG, 198, 199, 201, 332, 592 or 594.
## SCHEDULE 12AA
#### Overseas life assurance business: life policies.
##### 1
- (1) The provisions of this Schedule apply for the purposes of sections 197AD to 197AG (Schedule E exemption for mileage allowance payments and passenger payments and mileage allowance relief).
- (2) Expressions defined in this Schedule for those purposes have the same meaning for the purposes of this Schedule.
- (3) In this Schedule “*mileage allowance payments*” has the meaning given by section 197AD(2) and “*passenger payments*” has the meaning given by section 197AE(2).
##### 2
“*Business travel*” means travelling the expenses of which, if incurred and defrayed by the employee in question out of the emoluments of his employment, would (in the absence of sections 197AD to 197AF) be deductible under section 198(1) (general relief for necessary expenses).
#### Exceptions from section 559.
#### Non-resident policies and off-shore capital redemption policies.
##### 3
@@ -47363,7 +47379,7 @@
One employment is associated with another if—
#### Conditions to be satisfied by individuals.
#### Exceptions from section 559.
##### 5
@@ -47391,7 +47407,7 @@
- (2) Section 168(6) (when cars and vans are made available for private use and are made available by reason of employment) applies for the purposes of sub-paragraph (1).
#### Conditions to be satisfied by companies.
#### Conditions to be satisfied by partners who are individuals.
##### 7
@@ -51226,7 +51242,7 @@
## Part 2 — Application and interpretation
#### Transactions associated with loans or credit.
#### Leased assets subject to hire-purchase agreements.
##### 2
@@ -51330,23679 +51346,23693 @@
## Part 3 — Pre-commencement supplement
#### Restriction of relief for payments of interest.
##### 9
- (1) Where—
- (a) a qualifying company claims an allowance under section 441 of the Capital Allowances Act (research and development allowances) for the commencement period, and
- (b) the claim is for an allowance in respect of qualifying E&A expenditure incurred before that period,
the company may also claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period shall be treated as an allowance under Part 6 of the Capital Allowances Act for the commencement period in respect of qualifying E&A expenditure incurred by the company.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company shall be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of qualifying E&A expenditure and pre-commencement supplement.
- (2) The pool shall be taken to have consisted of—
- (a) the company’s qualifying E&A expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (b) the company’s pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying E&A expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying E&A expenditure mentioned in paragraph 9(1)(b) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions shall be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement shall be taken to have been added to the pool in that period.
##### 11
- (1) This paragraph applies in any case where—
- (a) the qualifying company disposes of an interest in an oil licence in a pre-commencement period,
- (b) part of the value of the interest (the “*deductible amount*”) is attributable to qualifying E&A expenditure incurred by the company, and
- (c) section 555 of the Capital Allowances Act (disposal of oil licence with exploitation value) has effect in relation to the disposal.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for each pre-commencement period—
- (a) find the total of the deductible amounts in the case of all such disposals made by the company (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
- (3) In this paragraph “*oil licence*” has the same meaning as in section 555 of the Capital Allowances Act (see section 552 (1) of that Act).
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying E&A expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made at the same time as, and as if it were part of, the claim under section 441 of the Capital Allowances Act mentioned in paragraph 9(1)(a).
- (2) Subsection (3) of that section (claim for reduced amount) applies in relation to any such claim.
## Part 4 — Post-commencement supplement
#### Sales etc. at an undervalue or overvalue.
##### 15
- (1) A qualifying company which incurs a qualifying E&A loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period shall be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19C) as if it were a loss—
- (a) incurred in carrying on the ring fence trade in that period,
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) shall apply in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (2A) But, if the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006, sub-paragraph (2) has no effect in relation to the amount of the supplement for that period.
- (3) Paragraphs 19 to 24 have effect for the purpose of determining the reference amount for a post-commencement period.
##### 17
- (1) Where—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), it shall be assumed that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (3) So much of a ring fence loss as is attributable to qualifying E&A allowances for the period of the loss is a “qualifying E&A loss”.
- (4) A ring fence loss is attributable to qualifying E&A allowances to the extent that the amount of the ring fence loss does not exceed the amount of the qualifying E&A allowances for the period of the loss.
- (5) But a claim for post-commencement supplement may include an election for a ring fence loss to be treated—
- (a) as attributable to qualifying E&A allowances for the period of the loss to such lesser extent as may be specified in the election, or
- (b) as not attributable to such allowances.
- (6) “*Qualifying E&A allowances*”, in the case of an accounting period, means allowances for that period under Part 6 of the Capital Allowances Act in respect of qualifying E&A expenditure incurred by the company (including any pre-commencement supplement treated under paragraph 9(2) as such an allowance).
- (7) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18
- (1) So much of a ring fence loss as is not a qualifying E&A loss is a non-qualifying loss.
- (2) Where—
- (a) a loss was incurred by a qualifying company in its ring fence trade in an accounting period ending on or before 31st December 2003, and
- (b) some or all of that loss falls to be set off under section 393 against profits of that trade in accounting periods ending on or after that date,
so much of the loss as falls to be so set off is a ring fence loss and that loss is a non-qualifying loss.
- (3) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18A
- (1) This paragraph applies in any case where the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) ending before 1st January 2006.
- (2) The following assumption shall be made for the purpose of calculating the amount of the qualifying E&A loss and the amount of the non-qualifying loss.
- (3) The assumption is that the loss made in the trade is taken to be the loss incurred in the accounting period beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
- (4) The amount of the non-qualifying loss (found in accordance with that assumption) is then reduced (but not below nil) by the following amount.
- (5) The amount is the amount of the ring fence loss in the deemed accounting period beginning on 1st January 2006 determined under paragraph 18 of Schedule 19C for the purposes of Part 4 of that Schedule.
#### Change in company ownership: corporation tax.
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company shall be taken at all times in its post-commencement periods to have—
- (a) a continuing pool of the company’s non-qualifying losses (the “non-qualifying pool”), and
- (b) a continuing mixed pool of the company’s qualifying E&A losses and post-commencement supplement (the “qualifying pool”).
- (2) A pool continues even if the amount in it is nil.
##### 20
- (1) The non-qualifying pool consists of the company’s non-qualifying losses, allocated to the pool in accordance with sub-paragraph (2).
- (2) A non-qualifying loss is allocated to the pool by adding the amount of the non-qualifying loss to the pool in the period of the loss.
- (3) In the case of a non-qualifying loss incurred in an accounting period ending on or before 31st December 2003, the period of the loss shall be taken for the purposes of sub-paragraph (2) to be the first accounting period of the company that ends on or after 1st January 2004.
- (4) The amount in the non-qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (5) Where a reduction in the amount in the non-qualifying pool falls to be made in any accounting period—
- (a) the reduction is to be made after the addition to the pool of any non-qualifying loss allocated to the pool in that period in accordance with sub-paragraph (2), and
- (b) references to the amount in the non-qualifying pool shall be construed accordingly.
##### 21
- (1) The qualifying pool consists of—
- (a) the company’s qualifying E&A losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (b) the company’s post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of qualifying E&A losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a qualifying E&A loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) Where a reduction in the amount in the qualifying pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any qualifying E&A losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool shall be construed accordingly.
##### 22
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) The amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If any of that sum remains after being so set against the amount in the non-qualifying pool, the amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
##### 23
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) In the following provisions of this paragraph, references to the remaining amount in a pool are references to so much (if any) of the amount in the pool as remains after making any reductions that fall to be made in accordance with paragraph 22.
- (3) The remaining amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the remaining amount in the non-qualifying pool, the remaining amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 24
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the qualifying pool as remains after making any reductions required by paragraph 22 or 23.
## SCHEDULE 19C
## Part 1 — Introductory
### About this Schedule
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period beginning on or after 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying pre-commencement expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) Part 2 makes provision about the application and interpretation of this Schedule.
- (3) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (4) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (5) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (6) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts in respect of any asset representing qualifying pre-commencement expenditure,
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
### Qualifying companies
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in any activities with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
### Accounting periods
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period beginning on or after 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period—beginning on or after 1st January 2006, andending before the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs any expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the activities in the course of which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) But special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 5, 18 and 21(4) to (6)).
### The relevant percentage
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period beginning on or after 1st January 2006 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) above for such accounting periods as may be specified in the order.
### Limit on number of accounting periods for which supplement may be claimed
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
- (3) A claim for supplement by the company under Schedule 19B (exploration expenditure supplement) in respect of an accounting period is to count for the purposes of this paragraph as a claim for supplement under this Schedule in respect of that accounting period.
- (4) But, if the company makes a claim for supplement under this Schedule in respect of the deemed accounting period, any claim for supplement by the company under Schedule 19B in respect of the Schedule 19B deemed accounting period is to be ignored for the purposes of this paragraph.
- (5) For this purpose—
- “*the deemed accounting period*” means the deemed accounting period under paragraph 3(3) beginning on 1st January 2006, and
- “*the Schedule 19B deemed accounting period*” means the deemed accounting period under paragraph 3(3) of Schedule 19B ending before 1st January 2006.
### Qualifying pre-commencement expenditure
##### 6
- (1) For the purposes of this Schedule, expenditure is “qualifying pre-commencement expenditure” if it meets conditions A to D.
- (2) Condition A is that the expenditure is incurred on or after 1st January 2006.
- (3) Condition B is that the expenditure is incurred in the course of oil extraction activities.
- (4) Condition C is that the expenditure is incurred by a person with a view to carrying on a ring fence trade but before the person sets up and commences the ring fence trade.
- (5) Condition D is that the expenditure—
- (a) is subsequently allowable as a deduction in calculating the profits of the ring fence trade for the commencement period (whether or not any part of it is so allowable for any post-commencement period), or
- (b) is relevant R&D expenditure incurred by an SME.
- (6) For the purposes of this paragraph, expenditure incurred by a company is “relevant R&D expenditure incurred by an SME” if—
- (a) the company makes an election under paragraph 14 of Schedule 20 to the Finance Act 2000 (R&D tax relief for SMEs: alternative treatment of pre-trading expenditure) in respect of that expenditure, but
- (b) the company does not make a claim for an R&D tax credit under that Schedule in respect of that expenditure.
- (7) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by an SME, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 150% of its actual amount.
- (8) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by a large company, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 125% of its actual amount.
- (9) For this purpose “*relevant R&D expenditure incurred by a large company*” means qualifying expenditure within the meaning given by paragraph 11(3) of Schedule 12 to the Finance Act 2002 (R&D tax relief for large companies).
### Unrelieved group ring fence profits for accounting periods
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) If an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X's taxable ring fence profits for its accounting period.
- (4) If an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X's taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
### Taxable ring fence profits of an accounting period
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
### Supplement in respect of a pre-commencement accounting period
##### 9
- (1) If—
- (a) a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and
- (b) the expenditure is incurred before the commencement period,
the company may claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period is to be treated as expenditure—
- (a) which is incurred by the company in the commencement period, and
- (b) which is allowable as a deduction in calculating the profits of the ring fence trade for that period.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
### The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is to be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) qualifying pre-commencement expenditure, and
- (c) pre-commencement supplement.
- (2) The pool is to be taken to have consisted of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) the company's qualifying pre-commencement expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (c) the company's pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying pre-commencement expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying pre-commencement expenditure mentioned in paragraph 9(1) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions is to be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement is to be taken to have been added to the pool in that period.
- (5) In this paragraph references to the relevant amount (if any) which the company carries forward under Schedule 19B are to the amount in its mixed pool for the purposes of Part 3 of Schedule 19B immediately before 1st January 2006.
### Reduction in respect of disposal receipts under the Capital Allowances Act
##### 11
- (1) This paragraph applies in the case of the qualifying company if—
- (a) it incurs qualifying pre-commencement expenditure in respect of a ring fence trade in any pre-commencement period,
- (b) it would, on the relevant assumption, be entitled to an allowance under any provision of the Capital Allowances Act in respect of that expenditure,
- (c) an event occurs in relation to any asset representing the expenditure in any pre-commencement period, and
- (d) the event would, on the relevant assumption, require a disposal value (the “deductible amount”) to be brought into account under any provision of the Capital Allowances Act for any pre-commencement period.
- (2) The relevant assumption is that the company was carrying on the ring fence trade—
- (a) when the expenditure was incurred, and
- (b) when the event giving rise to the disposal value occurred.
- (3) For the purpose of allocating qualifying pre-commencement expenditure to the pool for each pre-commencement period—
- (a) find the total amount of the disposal values in the case of all such events (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
### Reduction in respect of unrelieved group ring fence profits
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
### The reference amount for a pre-commencement period
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
### Claims for pre-commencement supplement
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period.
- (2) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for pre-commencement supplement as it applies in relation to a claim for group relief.
## Part 4 — Post-commencement supplement
### Supplement in respect of a post-commencement period
##### 15
- (1) A qualifying company which incurs a ring fence loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period is to be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19B) as if it were a loss—
- (a) which is incurred in carrying on the ring fence trade in that period, and
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
### Amount of post-commencement supplement for a post-commencement period
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.
### Ring fence losses
##### 17
- (1) If—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), the following assumption is to be made.
- (3) The assumption is that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (4) This paragraph is subject to paragraph 18 (special rule for straddling periods).
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### Special rule for straddling periods
##### 18
- (1) This paragraph applies if the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”).
- (2) The amount of the ring fence loss in the deemed accounting period is determined as follows.
- *Step 1*
- Calculate so much of the ring fence loss in the straddling period as, for the purposes of Part 4 of Schedule 19B, is attributable to qualifying E&A allowances for the straddling period.
- The amount given by this step is “the qualifying Schedule 19B amount”.
- *Step 2*
- Calculate so much of the ring fence loss in the straddling period as is attributable to allowances for the straddling period under Part 6 of the Capital Allowances Act in respect of relevant expenditure.
- For the purposes of this step “*relevant expenditure*” means expenditure incurred by the company on or after 1st January 2006 which, but for that fact, would be qualifying E&A expenditure for the purposes of Schedule 19B.
- For the purposes of this step a ring fence loss is attributable to those allowances to the extent that the amount of the loss (less the qualifying Schedule 19B amount) does not exceed the amount of those allowances for that period.
- The amount given by this step is “the amount of the post-1st January 2006 E&A allowances”.
- *Step 3*
- Deduct the qualifying Schedule 19B amount and the amount of the post-1st January 2006 E&A allowances from the amount of the ring fence loss in the straddling period.
- *Step 4*
- Apportion the remaining amount of that loss (if any) to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- The amount given by this step is “the amount of the apportioned loss”.
- *Step 5*
- The amount of the ring fence loss in the deemed accounting period is the amount of the apportioned loss plus the amount of the post-1st January 2006 E&A allowances.
- (3) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
- (4) In this paragraph references to the ring fence loss in the straddling period are to that loss determined on the assumption that the straddling period is the period of the loss for the purposes of paragraph 17.
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, and
- (c) post-commencement supplement.
- (2) The ring fence pool continues even if the amount in it is nil.
- (3) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.
- (4) But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.
- (5) In this paragraph—
- “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006, and
- “*the carried forward non-qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### The ring fence pool
##### 20
- (1) The ring fence pool consists of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (c) the company's post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of ring fence losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a ring fence loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the ring fence pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) If a reduction in the amount in the ring fence pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any ring fence losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool are to be read accordingly.
- (5) In this paragraph “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### Reductions in respect of utilised ring fence losses
##### 21
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If the company has a non-qualifying pool, the amount in the non-qualifying pool is to be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If—
- (a) any of that sum remains after being so set against the amount in the non-qualifying pool, or
- (b) the company does not have a non-qualifying pool,
the amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains or (as the case may be) a sum equal to the total amount set off as mentioned in sub-paragraph (1).
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
### Reductions in respect of unrelieved group ring fence profits
##### 22
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If, after making any reductions that fall to be made in accordance with paragraph 21, the company does not have a non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (3) If, after making any reductions that fall to be made in accordance with paragraph 21, the company has an amount in a non-qualifying pool, the amount in that pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the amount in the non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (5) For the purposes of this paragraph references to the remaining amount in the ring fence pool are references to so much (if any) of the amount in the ring fence pool as remains after making any reductions that fall to be made in accordance with paragraph 21.
### The reference amount for a post-commencement period
##### 23
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains after making any reductions required by paragraph 21 or 22.
##### 3A
Any investment in a common deposit fund established under section 22A of the Charities Act 1960 or section 25 of the Charities Act 1993 or in any similar fund established for the exclusive benefit of charities by or under any enactment relating to any particular charities or class of charities.
##### 6A
Shares in an open-ended investment company.
##### 7A
Uncertificated eligible debt security units as defined in section 552(2) of ITTOIA 2005.
##### 7A
- (1) This paragraph applies if a calculation falls to be made under paragraph 7 above in a case where—
- (a) relief is to be given under section 454 of ITTOIA 2005 (listed deeply discounted securities held since 26th March 2003: relief for losses) in respect of a loss sustained on the disposal of securities, and
- (b) had there been a profit on the disposal it would have been eligible for relief from tax for the year of assessment in which the loss is sustained by virtue of section 592(2).
- (2) That relief is to be given before the calculation under paragraph 7 above is made.
- (3) Then the amount of income to which the specified percentage is applied by virtue of sub-paragraph (3)(a) of that paragraph is reduced by the amount of that relief.
- (4) In this paragraph “*disposal*” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005.
## SCHEDULE 23ZA
### Interpretation
##### 1
- (1) In this Schedule—
- “*the date of the change*” shall be construed in accordance with paragraph 3(2) below;
- “*eligible scheme*” shall be construed in accordance with paragraph 2(4) below;
- “*the personal pension provisions of this Act*” means this Schedule and the other provisions of Chapter IV of Part XIV;
- “*prescribed*” (except in paragraph 2(3)(c)) means specified in, or determined in accordance with, regulations;
- “*regulations*” means regulations made by the Board.
- (2) Any power conferred by this Schedule to make regulations includes power to make different provision for different cases or different purposes.
### Eligible schemes
##### 2
- (1) This Schedule applies to any retirement benefits scheme which is for the time being approved under Chapter I of Part XIV.
- (2) Sub-paragraph (1) above is subject to the following provisions of this paragraph.
- (3) This Schedule applies to a retirement benefits scheme only if—
- (a) it is an occupational pension scheme, as defined in section 1 of the Pension Schemes Act 1993 or section 1 of the Pensions Schemes (Northern Ireland) Act 1993;
- (b) it is a money-purchase scheme, as defined in section 181 of the Pension Schemes Act 1993 or section 176 of the Pensions Schemes (Northern Ireland) Act 1993;
- (c) any documents relating to the scheme which are prescribed under section 631(1) are such that, subject to approval under paragraph 3 below, the scheme is capable of being an approved personal pension scheme for the purposes of Chapter IV of Part XIV as from the date of the change; and
- (d) such other conditions as may be prescribed are satisfied in the case of the scheme.
- (4) Any retirement benefits scheme to which this Schedule applies is referred to in this Schedule as an “eligible scheme".
### Approval of eligible schemes as approved personal pension schemes
##### 3
- (1) The trustees of an eligible scheme may at any time on or after 1st October 2000 apply to the Board for approval of the scheme under this paragraph.
- (2) If an application under sub-paragraph (1) above is granted, the eligible scheme shall, as from such date as the Board may specify in granting the application (the “*date of the change*”),—
- (a) irrevocably cease to be approved, and to be capable of approval, under Chapter I of Part XIV; and
- (b) become an approved personal pension scheme (and subject accordingly to section 631(4) and the other provisions of Chapter IV of Part XIV).
- (3) The date of the change must not be earlier than 6th April 2001.
- (4) An application under sub-paragraph (1) above shall be in such form, shall contain such information, and shall be accompanied by such documents, in such form, and prepared as at such time, as the Board may prescribe.
- (5) The Board may at their discretion grant or refuse an application under sub-paragraph (1) above.
- (6) The Board’s discretion under sub-paragraph (5) above shall be subject to the restrictions set out in sections 632 to 638A and this Schedule.
- (7) The Board shall give notice to the applicant of the grant or refusal of an application.
- (8) A notice under sub-paragraph (7) above shall, in the case of a refusal, state the grounds for the refusal.
- (9) If, at any time after the making of an application under sub-paragraph (1) above, the eligible scheme concerned ceases to be approved under Chapter I of Part XIV otherwise than by virtue of the operation of sub-paragraph (2)(a) above, the scheme shall not, by virtue of that application, become an approved personal pension scheme.
### Excessive funding of certain individual members
##### 4
- (1) The Board may refuse or withhold approval under paragraph 3 above in the case of an eligible scheme of a prescribed description if or so long as they are not satisfied that prescribed requirements will be fulfilled with respect to—
- (a) the value of any prescribed benefits which may be provided for or in respect of an individual member of a prescribed description, and
- (b) the value of the assets held for the purpose of providing benefits for or in respect of that member,
if approval under paragraph 3 above is granted.
- (2) Regulations may make provision for or in connection with cases where the value mentioned in paragraph (b) of sub-paragraph (1) above exceeds, or exceeds by more than a prescribed percentage, the value mentioned in paragraph (a) of that sub-paragraph.
- (3) The provision that may be made by virtue of sub-paragraph (2) above includes provision for or in connection with eliminating or reducing any such excess within a prescribed period by one or more prescribed methods.
- (4) Regulations may make provision for the purposes of this paragraph for or in connection with—
- (a) the valuation of benefits; or
- (b) the valuation of assets.
- (5) The provision that may be made by virtue of sub-paragraph (4)(a) or (b) above includes provision with respect to, or in connection with,—
- (a) the person by whom any such valuation is to be made;
- (b) the method or principles of valuation to be used;
- (c) certification of any such valuations and of any prescribed matters relating to or connected with them;
- (d) any facts, matters or assumptions by reference to which any such valuation is to be made;
- (e) any tables to be used for the purpose of making any such valuation;
- (f) the basis on which any such tables are to be prepared;
- (g) the manner in which any such tables are to be applied.
- (6) The methods or principles of valuation and the tables that may be prescribed by virtue of sub-paragraph (5) above include methods or principles or, as the case may be, tables published by the Government Actuary for any purposes of the personal pension provisions of this Act.
### Directions as to contributions between valuation and date of change etc.
##### 5
- (1) The Board may give directions for or in connection with—
- (a) prohibiting the making of contributions during the post-valuation period, or
- (b) restricting the amount of the contributions that may be made during that period,
by or in respect of members of a converting scheme.
- (2) Directions under sub-paragraph (1) above—
- (a) may be given in respect of schemes generally, schemes of a particular description or any particular scheme or schemes; and
- (b) may make different provision in relation to different schemes or different members.
- (3) Any directions under sub-paragraph (1) above must be complied with by—
- (a) the trustees and managers, or administrators, of any scheme to which the directions relate;
- (b) any member of such a scheme to whom the directions relate; and
- (c) any person who is the employer of such a member.
- (4) If there is any contravention of, or failure to comply with, directions under sub-paragraph (1) above, the Board may—
- (a) refuse or withhold approval of the conversion application in question; or
- (b) revoke or vary any approval granted or any conditions pending the satisfaction of which approval is withheld.
- (5) Sub-paragraph (4) above is without prejudice to any other powers of the Board.
- (6) In this paragraph—
- “*conversion application*”, in the case of a converting scheme, means the application under paragraph 3(1) above in respect of the scheme;
- “*converting scheme*” means a scheme in respect of which an application under paragraph 3(1) above has been made and not withdrawn or finally refused;
- “*the post-valuation period*”, in the case of a converting scheme, means the period which—begins with the day as at which any valuation for the purposes of paragraph 4 above is made in connection with the conversion application; andends with the day preceding the date of the change (or, if earlier, the date on which the conversion application is withdrawn or finally refused).
- (7) For the purposes of this paragraph, an application is “*finally refused*” when it has been refused by the Board and—
- (a) the time for appealing under section 651 against the refusal has expired without such an appeal being made; or
- (b) an appeal under that section against the refusal has been withdrawn or finally disposed of in a way which affirms refusal of the application.
- (8) Any directions under this paragraph must be given in writing.
### Scheme rules to allow changes for purpose of conversion
##### 6
An approved retirement benefits scheme shall be taken to include provisions allowing the making of changes to any provisions of the scheme for the purpose of enabling the scheme to become an eligible scheme, notwithstanding anything to the contrary in any provision of the scheme.
## Schedule 23A
### Interpretation
##### 1
- (1) In this Schedule—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*dividend manufacturer*” has the meaning given by paragraph 2(1) below;
- “*dividend manufacturing regulations*” means regulations made by the Treasury under this Schedule;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*interest manufacturer*” has the meaning given by paragraph 3(1) below;
- “*manufactured dividend*”, “*manufactured interest*” and “*manufactured overseas dividend*” shall be construed respectively in accordance with paragraphs 2, 3 and 4 below, as shall references to the gross amount thereof;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of any overseas securities;
- “*overseas dividend manufacturer*” has the meaning given by paragraph 4(1) below;
- “*overseas securities*” means—shares, stock or other securities issued by a government or public or local authority of a territory outside the United Kingdom or by any other body of persons not resident in the United Kingdom;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas tax*” means tax under the law of a territory outside the United Kingdom;
- “*overseas tax credit*” means any such credit under the law of a territory outside the United Kingdom in respect of overseas tax as corresponds to a tax credit;
- “*prescribed*” means prescribed in dividend manufacturing regulations;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*securities*” includes any loan stock or similar security;
- “*transfer*” includes any sale or other disposal;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*United Kingdom equities*” means shares of any company resident in the United Kingdom;
- “*United Kingdom securities*” means securities of the government of the United Kingdom, of any public or local authority in the United Kingdom or of any company or other body resident in the United Kingdom, but does not include . . . United Kingdom equities.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends on UK equities: general
##### 2
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of United Kingdom equities, one of the parties (a “*dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount (a “*manufactured dividend*”) which is representative of a dividend on the equities.
- (2) Where a manufactured dividend is paid by a dividend manufacturer who is a company resident in the United Kingdom, the Tax Acts shall have effect—
- (a) in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the UK equities in question; and
- (b) in relation to the dividend manufacturer, as if the amount paid were a dividend of his.
- (3) Where a manufactured dividend to which sub-paragraph (2) above does not apply is paid by any person—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the Tax Acts shall have effect in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the United Kingdom equities in question; and
- (c) the Tax Acts shall have effect in relation to the dividend manufacturer subject to the provisions of paragraph 2A below.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . Where—
- (a) a dividend manufacturer pays a manufactured dividend to which sub-paragraph (3) above applies, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the dividend manufacturer shall, on paying the manufactured dividend, provide the recipient with a statement in writing setting out the matters specified in sub-paragraph (7) below.
- (7) Those matters are—
- (a) the amount of the manufactured dividend;
- (b) the date of the payment of the manufactured dividend; and
- (c) the amount of the tax credit to which, by virtue of sub-paragraph (3)(b) above, the recipient or a person claiming title through or under him either—
- (i) is entitled in respect of the manufactured dividend, or
- (ii) would be so entitled were all the conditions of a right to a tax credit satisfied, in the case of the recipient or that person, as respects the dividend which the recipient is deemed to receive.
- (8) The duty imposed by sub-paragraph (6) above shall be enforceable at the suit or instance of the recipient.
### Manufactured interest on United Kingdom securities
##### 3
- (1) This paragraph applies (subject to paragraph 3A below) in any case where, under a contract or other arrangements for the transfer of United Kingdom securities, one of the parties (an “interest manufacturer”) is required to pay to the other (“*the recipient*”) an amount (“*the manufactured interest*”) which is representative of a periodical payment of interest on the securities.
- (2) For the relevant purposes of the Tax Acts, in their application in relation to the interest manufacturer—
- (a) the manufactured interest shall be treated, except in determining whether it is deductible, as if it—
- (i) were an annual payment to the recipient, but
- (ii) were neither yearly interest nor an amount payable wholly out of profits or gains brought into charge for income tax;
- (b) the gross amount of that deemed annual payment shall be taken—
- (i) to be equal to the gross amount of the interest of which the manufactured interest is representative; and
- (ii) to constitute income of the recipient falling within section 1A;
and
- (c) an amount equal to so much of the gross amount of the manufactured interest as is not otherwise deductible shall be allowable as a deduction against the total income or, as the case may be, total profits of the interest manufacturer , but only to the extent that—
- (i) it would be so allowable if it were interest, or
- (ii) so far as not falling within sub-paragraph (i) above, it falls within sub-paragraph (2A) below.
- (2A) An amount of manufactured interest falls within this sub-paragraph if and to the extent that the interest manufacturer—
- (a) receives the periodical payment of interest on the securities which is represented by the manufactured interest, or receives a payment which is representative of that periodical payment of interest, and is chargeable to income tax (and see section 714(5) for the amount so chargeable in a case where section 714(4) applies) on the periodical payment or representative payment so received;
- (b) is, by virtue of section 714(2), chargeable to income tax on income in respect of transfers of securities which are subject to the arrangement giving rise to the payment of manufactured interest; or
- (c) is treated under section 730A (repos) as receiving a payment of interest in respect of the securities and is chargeable to income tax on that payment.
- (2B) Where an amount is allowable under sub-paragraph (2)(c) above by reference to the whole or any part of—
- (a) a periodical payment of interest, or a payment representative of such a payment, falling within paragraph (a) of sub-paragraph (2A) above,
- (b) a sum falling within paragraph (b) of that sub-paragraph, or
- (c) a payment of interest which a person is treated as receiving, as mentioned in paragraph (c) of that sub-paragraph,
(the “*utilised portion*” of the interest, sum or other payment) no other amount shall be allowable under sub-paragraph (2)(c) above by reference to all or any of the utilised portion of the interest, sum or other payment.
- (3) For the relevant purposes of the Tax Acts, in their application in relation to the recipient and any persons claiming title through or under him—
- (a) the manufactured interest shall be treated as if it were a periodical payment of interest on the securities in question; and
- (b) the gross amount of that deemed periodical payment of interest shall be taken to be equal to the gross amount of the interest of which the manufactured interest is representative.
- (4) Sub-paragraph (2) above shall not require any deduction of tax to be made by the interest manufacturer if—
- (a) the interest manufacturer is not resident in the United Kingdom, and
- (b) the manufactured interest is paid otherwise than in the course of a trade carried on by the interest manufacturer in the United Kingdom through a branch or agency.
- (5) Where, in a case falling within sub-paragraph (4)(a) and (b) above, the recipient—
- (a) is resident in the United Kingdom, or
- (b) (without being so resident) receives the manufactured interest for the purposes of a trade carried on by him in the United Kingdom through a branch or agency,
the recipient shall be liable to account for income tax in respect of the manufactured interest.
- (6) The amount of the income tax for which the recipient is liable to account under sub-paragraph (5) above is the amount equal to the income tax which the interest manufacturer, had he been resident in the United Kingdom, would have been required, in respect of the manufactured interest, to account for and pay by virtue of sub-paragraph (2) above.
- (7) For the purposes of sub-paragraph (2) above, if the interest manufacturer is a company which—
- (a) is not resident in the United Kingdom, but
- (b) carries on a trade in the United Kingdom through a branch or agency,
Schedule 16 shall have effect in relation to the manufactured interest as it has effect in the case of a company which is resident in the United Kingdom but as if, in paragraph 7, the words “section 11(3)” were substituted for the words “section 7(2)”.
- (8) Where sub-paragraph (2) above has effect in the case of any manufactured interest so as to require any amount to be deducted by way of tax from the gross amount of the manufactured interest, the interest manufacturer shall, on paying the manufactured interest, provide the recipient with a statement in writing setting out—
- (a) the gross amount of the manufactured interest;
- (b) the amount deducted by way of tax by the interest manufacturer;
- (c) the amount actually paid by the interest manufacturer; and
- (d) the date of the payment by the interest manufacturer.
- (9) The duty imposed by sub-paragraph (8) above shall be enforceable at the suit or instance of the recipient.
- (10) The references in this paragraph to an amount being deductible are references to its being either—
- (a) deductible in computing the amount of any of the interest manufacturer’s profits or gains for the purposes of income tax or corporation tax; or
- (b) deductible for those purposes from the total income or, as the case may be, total profits of the interest manufacturer.
- (11) For the purposes of this paragraph “*the relevant purposes of the Tax Acts*” means all the purposes of those Acts except the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships).
- (12) Without prejudice to the generality of section 80(5) of the Finance Act 1996 (matters to be brought into account only under that Chapter), this paragraph does not have effect for determining how any manufactured interest falls to be treated for any purpose in relation to a company in relation to which that interest falls to be treated in accordance with section 97 of that Act.
- (13) For the purposes of this paragraph references to the gross amount of any interest or payment are references to the amount of the interest or payment before the making of any deduction of income tax that is required to be deducted from it on its being paid or made.
##### 3A
- (1) Where any manufactured interest is representative of interest on securities to which this paragraph applies—
- (a) paragraph 3(2) above shall not require any deduction of tax to be made on the payment of that manufactured interest; and
- (b) without prejudice to any other liability of his to income tax in respect of the manufactured interest, the recipient shall not by virtue of paragraph 3(5) above be liable to account for any income tax in respect of that manufactured interest.
- (2) This paragraph applies to—
- (a) gilt-edged securities (within the meaning of section 50); and
- (b) securities not falling within paragraph (a) above on which the interest is payable without deduction of tax.
### Deductibility of manufactured payment in the case of the manufacturer
##### 2A
- (1) Where, in the case of a manufactured dividend, the dividend manufacturer is resident in the United Kingdom but is not a company, an amount (“*the relevant amount*”) equal to the lesser of—
- (a) the amount of the manufactured dividend paid (so far as it is not otherwise deductible), and
- (b) the amount of the dividend of which the manufactured dividend is representative,
shall be allowable as a deduction for the purposes of income tax only under sub-paragraph (1ZA) or (1A) below.
- (1ZA) The relevant amount shall be allowable under this sub-paragraph as a deduction for the purposes of income tax to the extent that the dividend manufacturer—
- (a) receives the dividend on the equities which is represented by the manufactured dividend or receives a payment which is representative of that dividend, and
- (b) is chargeable to income tax on the dividend or other payment so received;
and that deduction shall be made against the amount of the dividend or other payment so received on which the dividend manufacturer is chargeable to income tax.
- (1ZB) Sub-paragraph (1ZA) above shall apply only if the amount of the dividend or other payment so received is received by the dividend manufacturer in—
- (a) the year of assessment in which he pays the manufactured dividend, or
- (b) the year of assessment immediately before, or immediately after, that year.
- (1A) The relevant amount shall be allowable under this sub-paragraph as a deduction for the purposes of income tax against the total income of the dividend manufacturer to the extent that—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the dividend manufacturer is treated under section 730A (repos) as receiving a payment of interest in respect of the equities and is chargeable to income tax on that payment; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1B) Where an amount is allowable under sub-paragraph (1ZA) or (1A) above by reference to the whole or any part of—
- (a) a dividend or other payment falling within sub-paragraph (1ZA) above , or
- (b) a payment of interest which a person is treated as receiving, as mentioned in sub-paragraph (1A) above, . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(the “*utilised portion*” of the dividend or other payment) no other amount shall be allowable under sub-paragraph (1ZA) or (1A) above by reference to all or any of the utilised portion of the dividend or other payment.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The references in this paragraph to an amount being deductible are references to its being either—
- (a) deductible in computing the amount of any of the dividend manufacturer’s profits or gains for the purposes of income tax . . . ; or
- (b) deductible for those purposes from the total income . . . of the dividend manufacturer.
### Manufactured dividends representative of foreign income dividends
##### 2B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured overseas dividends
##### 4
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of overseas securities, one of the parties (the “*overseas dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount representative of an overseas dividend on the overseas securities; and in this Schedule the “*manufactured overseas dividend*” means any payment which the overseas dividend manufacturer makes in discharge of that requirement.
- (1A) Where a manufactured overseas dividend is paid as set out in sub-paragraph (1) above it shall be treated—
- (a) as an expense of the trade where a company carries on a trade to which that payment relates;
- (b) where a company has investment business to which the payment relates, for the purposes of section 75 as expenses of management;
- (c) in the case of a company carrying on life assurance business—
- (i) so far as the payment is referable to basic life assurance and general annuity business, for the purposes of section 76 as if it were an expense payable falling to be brought into account at Step 3 of subsection (7) of that section, and
- (ii) the payment is to be treated as referable to basic life assurance and general annuity business to the extent that the overseas dividend of which it is representative is or would, if it were received by the company, be so referable by virtue of section 432A.
- (2) Subject to sub-paragraph (3) below, where this paragraph applies the gross amount of the manufactured overseas dividend shall be treated , except in determining whether it is deductible, for all purposes of the Tax Acts as an annual payment, within section 349, but—
- (a) the amount which is to be deducted from that gross amount on account of income tax shall be an amount equal to the relevant withholding tax on that gross amount; and
- (b) in the application of section 350(4) in relation to manufactured overseas dividends the reference to Schedule 16 shall be taken as reference to dividend manufacturing regulations;
and paragraph (a) above is without prejudice to any further amount required to be deducted under dividend manufacturing regulations by virtue of sub-paragraph (8) below.
- (2A) Sub-paragraph (10) of paragraph 3 applies for the construction of the reference in sub-paragraph (2) above to an amount being deductible as it applies to references in that paragraph.
- (3) If, in a case where this paragraph applies, the overseas dividend manufacturer is not resident in the United Kingdom and the manufactured overseas dividend is paid by him otherwise than in the course of a trade which he carries on through a branch or agency in the United Kingdom, sub-paragraph (2) above shall not apply; but if the manufactured overseas dividend is received by a United Kingdom recipient, that recipient shall account for and pay an amount of tax in respect of the manufactured overseas dividend equal to that which the overseas dividend manufacturer would have been required to account for and pay had he been resident in the United Kingdom; and any reference in this Schedule to an amount deducted under sub-paragraph (2) above includes a reference to an amount of tax accounted for and paid under this sub-paragraph.
- (3A) For the purposes of sub-paragraph (3) above a person who receives a manufactured overseas dividend is a United Kingdom recipient if—
- (a) he is resident in the United Kingdom; or
- (b) he is not so resident but receives that dividend for the purposes of a trade carried on through a branch or agency in the United Kingdom.
- (3B) Dividend manufacturing regulations may make provision, in relation to cases falling within sub-paragraph (3) above, for the amount of tax required under that sub-paragraph to be taken to be reduced, to such extent and for such purposes as may be determined under the regulations, by reference to amounts of overseas tax charged on, or in respect of—
- (a) the making of the manufactured overseas dividend; or
- (b) the overseas dividend of which the manufactured overseas dividend is representative.
- (4) Where a manufactured overseas dividend is paid after deduction of the amount required by sub-paragraph (2) above, or where the amount of tax required under sub-paragraph (3) above in respect of such a dividend has been accounted for and paid, then for all purposes of the Tax Acts as they apply in relation to persons resident in the United Kingdom or to persons not so resident but carrying on business through a branch or agency in the United Kingdom—
- (a) the manufactured overseas dividend shall be treated in relation to the recipient, and all persons claiming title through or under him, as if it were an overseas dividend of an amount equal to the gross amount of the manufactured overseas dividend, but paid after the withholding therefrom, on account of overseas tax, of the amount deducted under sub-paragraph (2) above; and
- (b) the amount so deducted shall accordingly be treated in relation to the recipient, and all persons claiming title through or under him, as an amount so withheld instead of as an amount on account of income tax.
- (5) For the purposes of this paragraph—
- (a) “*relevant withholding tax*”, in relation to the gross amount of a manufactured overseas dividend, means an amount of tax representative of—
- (i) the amount (if any) that would have been deducted by way of overseas tax from an overseas dividend on the overseas securities of the same gross amount as the manufactured overseas dividend; and
- (ii) the amount of the overseas tax credit (if any) in respect of such an overseas dividend;
- (b) the gross amount of a manufactured overseas dividend is an amount equal to the gross amount of that overseas dividend of which the manufactured overseas dividend is representative, as mentioned in sub-paragraph (1) above; and
- (c) the gross amount of an overseas dividend is an amount equal to the aggregate of—
- (i) so much of the overseas dividend as remains after the deduction of the overseas tax (if any) chargeable on it;
- (ii) the amount of the overseas tax (if any) so deducted; and
- (iii) the amount of the overseas tax credit (if any) in respect of the overseas dividend.
- (6) Dividend manufacturing regulations may make provision with respect to the rates of relevant withholding tax which are to apply in relation to manufactured overseas dividends in relation to different overseas territories, but in prescribing those rates the Treasury shall have regard to—
- (a) the rates at which overseas tax would have fallen to be deducted, and
- (b) the rates of overseas tax credits,
in overseas territories, or in the particular overseas territory, in respect of payments of overseas dividends on overseas securities.
- (7) Dividend manufacturing regulations may make provision for a person who, in any chargeable period, is an overseas dividend manufacturer to be entitled in prescribed circumstances to set off in accordance with the regulations and to the prescribed extent, amounts falling within paragraph (a) of sub-paragraph (7AA) below against the sums falling within paragraph (b) of that sub-paragraph, and to accountto the Board for, or as the case may be, claim credit in respect of, the balance.
- (7AA) Those amounts and sums are—
- (a) amounts of overseas tax in respect of overseas dividends received by him in that chargeable period, amounts of overseas tax charged on, or in respect of, the making of manufactured overseas dividends so received by him and amounts deducted under sub-paragraph (2) above from any such manufactured overseas dividends; and
- (b) the sums due from him on account of the amounts deducted by him under sub-paragraph (2) above from the manufactured overseas dividends paid by him in that chargeable period.
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) Without prejudice to section 97 of the Finance Act 1996 (manufactured interest), the references in this paragraph to all the purposes of the Tax Acts do not include the purposes of Chapter II of Part IV of that Act (loan relationships).
##### 4A
- (1) A reference in paragraph 4(4)(a) or (b) to the relevant amount in relation to an amount deducted under section 922(2) of ITA 2007 is—
- (a) where the deduction is made in respect of a manufactured overseas dividend that is treated as paid under paragraph 13(1) of Schedule 13 to FA 2007 (sale and repurchase of securities), to amount A, and
- (b) otherwise, to the amount deducted under section 922(2) of ITA 2007.
- (2) Amount A is—
- (a) in a case to which sub-paragraph (3) applies, the amount deducted under section 922(2) of ITA 2007,
- (b) in a case to which sub-paragraph (4) applies—
- (i) the amount deducted under section 922(2) of ITA 2007, less
- (ii) the excess mentioned in that sub-paragraph, and
- (c) in any other case, nil.
- (3) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid equals the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (4) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid exceeds the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (5) In this paragraph “the repurchase price” of the securities means the price at which the payer of the manufactured overseas dividend is entitled or obliged to sell the securities, or similar securities, to the recipient of the manufactured overseas dividend.
- (6) In this paragraph “*the securities*” means the securities in respect of which the overseas dividend of which the manufactured overseas dividend is representative is paid.
- (7) In this paragraph “*the relevant net amount*” means—
- (a) the gross amount of the overseas dividend of which the manufactured overseas dividend is representative, less
- (b) the amount deducted under section 922(2) of ITA 2007.
### Dividends and interest passing through the market
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Unapproved manufactured payments
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Irregular manufactured payments
##### 7
- (1) . . . In any case where (apart from this paragraph)—
- (a) an amount paid by way of manufactured dividend would exceed the amount of the dividend of which it is representative, or
- (b) the aggregate of—
- (i) an amount paid by way of manufactured interest or manufactured overseas dividend, and
- (ii) the tax required to be accounted for in connection with the making of that payment,
would exceed the gross amount (as determined in accordance with paragraph 3 or 4 above) of the interest or overseas dividend of which it is representative, as the case may be,
the payment shall, to the extent of an amount equal to the excess, not be regarded for the purposes of this Schedule as made in discharge of the requirement referred to in paragraph 2(1), 3(1) or 4(1) above, as the case may be, but shall instead to that extent be taken for all purposes of the Tax Acts to constitute a separate fee for entering into the contract or other arrangements under which it was made, notwithstanding anything in paragraphs 2 or 3 above or anything in paragraph 4 other than in sub-paragraph (1A).
- (1A) Sub-paragraph (1) above does not apply in the case of the amount of any manufactured interest or manufactured overseas dividend which falls in accordance with section 97 of the Finance Act 1996 to be treated for the purposes of Chapter II of Part IV of that Act as interest under a loan relationship.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purpose of giving relief under any provision of the Tax Acts in a case falling within paragraph 3(1) or 4(1) above where (apart from this paragraph) the aggregate referred to in sub-paragraph (1)(b) above would be less than the gross amount there mentioned—
- (a) the gross amount of the manufactured interest or manufactured overseas dividend shall be taken to be an amount equal to the aggregate referred to in sub-paragraph (1)(b) above, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
notwithstanding anything in paragraph 3 or 4 above.
- (4) In this paragraph “*relief*” means relief by way of—
- (a) deduction in computing profits or gains; or
- (b) deduction or set off against income or total profits.
### Manufactured payments under arrangements having an unallowable purpose
##### 7A
- (1) This paragraph applies in any case where—
- (a) a manufactured payment falls to be made by a company in an accounting period in pursuance of any arrangements (see sub-paragraphs (9) and (10) for definitions), and
- (b) the arrangements have an unallowable purpose at any time (see sub-paragraphs (3) to (5)).
But this is subject to sub-paragraph (8) below (cases where tax relief is denied apart from this paragraph).
- (2) The company is not entitled, by virtue of anything in this Schedule or any provision of regulations under it, or otherwise, to any relevant tax relief (see sub-paragraph (10)), to the extent that the relief is in respect of, or referable to, the whole or any part of so much of the manufactured payment as, on a just and reasonable apportionment, is attributable to the unallowable purpose.
- (3) Arrangements have an unallowable purpose at any time if at that time the purposes for which the company is a party to—
- (a) the arrangements,
- (b) any related transaction (see sub-paragraphs (6) and (7)), or
- (c) any transaction in pursuance of the arrangements,
include a purpose (“the unallowable purpose”) which is not among the business or other commercial purposes of the company.
- (4) The business and other commercial purposes of a company do not include the purposes of any part of its activities in respect of which it is not within the charge to corporation tax.
- (5) Where one of the purposes for which a company is at any time a party to—
- (a) any arrangements,
- (b) any related transaction in the case of any arrangements, or
- (c) any transaction in pursuance of any arrangements,
is a tax avoidance purpose, that purpose shall be taken to be a business or other commercial purpose of the company only where it is not the main purpose, or one of the main purposes, for which the company is party to the arrangements or transaction at that time.
- (6) One or more transactions are to be regarded as related transactions, in the case of any arrangements, if it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into or effected,
that none of the transactions would have been entered into or effected independently of the arrangements.
- (7) Transactions are not prevented from being related transactions, in the case of any arrangements, just because the transactions—
- (a) are not between the same parties, or
- (b) are not between the parties to the arrangements.
- (8) This paragraph does not apply if, as a result of any of the following provisions—
- (a) section 75(4)(b) (expenses of management of companies with investment business: unallowable purposes),
- (b) section 76(4)(d) (expenses of insurance companies: unallowable purposes),
- (c) paragraph 13 of Schedule 9 to the Finance Act 1996 (loan relationships with unallowable purposes),
the company in question is not entitled to a relevant tax relief in respect of, or referable to, the whole or any part of the manufactured payment.
The references to sections 75 and 76 are references to those provisions as they have effect in relation to accounting periods beginning on or after 1st April 2004.
- (9) Any reference in this paragraph to a manufactured payment falling to be made by a company includes a reference to a manufactured payment which is deemed by or under any provision of the Tax Acts to be made by a company (and references to a transaction, or to a company being party to a transaction, are to be construed accordingly).
- (10) In this paragraph—
- “*arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable, and shall be taken to include any related transactions;
- “*manufactured payment*” means any of the following—any manufactured dividend;any manufactured interest;any manufactured overseas dividend;
- “*related transaction*” shall be construed in accordance with sub-paragraphs (6) and (7) above;
- “*relevant tax relief*” means any of the following—any deduction in computing profits or gains for the purposes of corporation tax;any deduction against total profits;the bringing into account of any debit for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships);the surrender of an amount by way of group relief;
- “*tax advantage*” has the same meaning as in Chapter 1 of Part 17 (tax avoidance);
- “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the company in question or any other person);
- and sub-paragraphs (3) to (7) above have effect for the purposes of this paragraph.
### Dividend manufacturing regulations: general
##### 8
- (1) Dividend manufacturing regulations may make provision for—
- (a) such manufactured dividends, manufactured interest or manufactured overseas dividends as may be prescribed,
- (aa) such persons who receive, or become entitled to receive, manufactured dividends, manufactured interest or manufactured overseas dividends as may be prescribed, or
- (b) such dividend manufacturers, interest manufacturers or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 to 4 above for the purposes of such provisions of the Tax Acts as may be prescribed.
- (1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
- (a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
- (b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Tax Acts or the 1992 Act, to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
- (2) Dividend manufacturing regulations may make provision with respect to—
- (a) the accounts and other records which are to be kept,
- (b) the vouchers which are to be issued or produced,
- (c) the returns which are to be made,
- (d) the manner in which amounts required to be deducted or accounted for under or by virtue of this Schedule on account of tax are to be accounted for and paid,
by persons by or to whom manufactured dividends, manufactured interest or manufactured overseas dividends are paid.
- (2A) Dividend manufacturing regulations with respect to any liability to account for tax may contain any of the following, that is to say—
- (a) provision for computing the amounts to be accounted for;
- (b) provision, in relation to the determination of the amount to be paid on any occasion, for setting other amounts against the amounts to be accounted for;
- (c) provision as to the liabilities against which amounts accounted for are to be, or are not to be, set for the purposes of income tax or corporation tax;
- (d) provision modifying, or applying (with or without modifications), any enactments contained in the Tax Acts.
- (3) Dividend manufacturing regulations may—
- (a) make provision for prescribed provisions of the Management Act to apply in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
- (b) make such further provision with respect to the administration, assessment, collection and recovery of amounts required to be deducted or accounted for under or by virtue of this Schedule on account of tax as the Treasury think fit.
- (4) Dividend manufacturing regulations may make different provision for different cases.
##### 4A
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##### 11A
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### Exchange gains and losses
##### 13
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##### 17
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##### 18
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### Transfer pricing
##### 20
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##### 2A
- (1) Paragraph 2 above shall have effect in accordance with this paragraph to determine whether a controlled foreign company . . . pursues an acceptable distribution policy in respect of a particular accounting period (“*the relevant accounting period*”).
- (2) Subject to sub-paragraph (4) below, where the distribution condition is satisfied in relation to the relevant accounting period, then, in addition to any dividend which falls within paragraph 2(1)(a) above apart from this paragraph—
- (a) any dividend which is paid for the accounting period (“*the preceding period*”) immediately preceding the relevant accounting period and which is not an excluded dividend shall be treated as falling within that paragraph, and
- (b) if the distribution condition is satisfied in relation to the preceding period, any dividend which is paid for the accounting period immediately preceding the preceding period and which is not an excluded dividend shall be treated as falling within that paragraph,
and so on; and in this sub-paragraph “*dividend*” means a dividend not paid out of specified profits.
- (3) For the purposes of this paragraph, the distribution condition is satisfied in relation to any accounting period if—
- (a) a dividend or dividends are paid for the period to persons resident in the United Kingdom,
- (b) the amount or, as the case may be, aggregate amount of any dividends falling within paragraph (a) above is not less than—
- (i) the relevant profits for that period, or
- (ii) where paragraph 2(4) or (5) above applies (with the modifications of paragraph 2 made by sub-paragraph (5) below), the appropriate portion of those profits, and
- (c) any dividends falling within that paragraph are paid not later than the time by which any dividend paid for the relevant accounting period is required by paragraph 2(1)(b) above to be paid;
or if there are no relevant profits for the period.
- (4) Where, by reason only of the fact that a company pursued an acceptable distribution policy in respect of any accounting period (“*the earlier period*”) earlier than the relevant accounting period, no apportionment under section 747(3) fell to be made in respect of the earlier period, sub-paragraph (2) above shall apply to any dividend required to be taken into account for the purpose of showing that the company pursued an acceptable distribution policy in respect of the earlier period only to the extent (if any) to which that dividend was not required to be taken into account for that purpose.
- (5) The modifications of paragraph 2 above referred to in sub-paragraph (3)(b) above are that—
- (a) the references in sub-paragraphs (4) and (5) to the accounting period in question are to be read as references to the accounting period for which the dividend or dividends are paid,
- (b) the references in those sub-paragraphs to sub-paragraph (1)(d) are to be read as references to sub-paragraph (3)(b) above, and
- (c) the reference in the definition of “X” in sub-paragraph (6) to net chargeable profits is to be read as a reference to relevant profits.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the purposes of this paragraph—
- (aa) a dividend is an excluded dividend if it is paid, in whole or in part, out of the total profits from which (in accordance with section 747(6)(a)) the chargeable profits for an excluded period are derived,
- (a) a period is an excluded period if it is an accounting period in respect of which an apportionment under section 747(3) falls to be made, and
- (b) relevant profits for any accounting period are the profits which would be the relevant profits of that period for the purposes of section 799 if a dividend were actually paid for that period.
##### 2B
- (1) This paragraph has effect for the purposes of paragraph 2(1A)(b) above.
- (2) No payment of dividend by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 4A
- (1) This paragraph has effect for the purposes of paragraph 4(1A)(b) above.
- (2) No payment to a company resident in the United Kingdom which represents the whole or part of a dividend paid by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that—
- (a) there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period, and
- (b) so much of the dividend as is represented by that payment will (if paragraph 4(1) above has effect) fall to be brought into account in determining whether the controlled foreign company has done so.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 11A
- (1) This paragraph has effect for the interpretation of paragraph 6(2B) above.
- (2) “*Contract of long-term insurance*” means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
- (3) “*Protection business*” means contracts of long-term insurance where—
- (a) either—
- (i) the contract has no surrender value; or
- (ii) the consideration consists of a single premium and the surrender value does not exceed the amount of that premium; and
- (b) the contract makes no provision for its conversion or extension in a manner which would result in its ceasing to fall within paragraph (a) above;
and references to protection business include a reference to reinsurance of protection business.
- (4) “*Insurance group*” shall be construed in accordance with section 255A(5) of the Companies Act 1985 (meaning of “insurance group” in Part 7) but reading Part 7 of that Act—
- (a) as if it extended to Northern Ireland, and
- (b) as if any reference to a company (within the meaning of that Act) included a reference to a company as defined in Article 3 of the Companies (Northern Ireland) Order 1986,
but does not include such an insurance group if it falls within sub-paragraph (5) below.
- (5) Such an insurance group falls within this sub-paragraph if (within the meaning of that Part as so read) the parent company is a subsidiary undertaking of a parent company which is neither—
- (a) the parent company of an insurance group; nor
- (b) a subsidiary undertaking of the parent company of an insurance group.
- (6) A controlled foreign company is, in accordance with sub-paragraphs (4) and (5) above, a “*member of an insurance group*” if (within the meaning of that Part as so read) it is the parent company, or a subsidiary undertaking of the parent company, of an insurance group which is by virtue of sub-paragraph (4) above an insurance group for the purposes of paragraph 6(2B) above.
- (7) A company’s main business is “*insuring or reinsuring large risks*” if (and only if)—
- (a) the company’s main business is the effecting or carrying out of contracts of insurance; and
- (b) 50% or more of its gross trading receipts from that business are derived from insuring or reinsuring large risks.
- “*Large risks*” is defined in paragraph 11B below.
- (8) In this paragraph—
- “*contract of insurance*” has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*contract of long-term insurance*” has the meaning given by sub-paragraph (2) above.
##### 11B
- (1) In paragraph 11A above “*large risks*” means—
- (a) risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- (b) risks falling within classes 14 and 15 of that Part which relate to a business carried on by the policy holder;
- (c) risks falling within classes 3, 8, 9, 10, 13 and 16 of that Part where the policy holder carries on a business in respect of which the condition specified in sub-paragraph (2) below is satisfied.
- (2) The condition referred to in sub-paragraph (1)(c) above is that, in the case of that business of the policy holder, at least two of the three following criteria were exceeded in the most recent financial year beginning on or after 1st January 1999 for which the information is available—
- (a) balance sheet total: 6.2 million euros;
- (b) net turnover: 12.8 million euros;
- (c) number of employees: 250.
- (3) For the purposes of sub-paragraph (2) above as it applies where the policy holder is a company, within the meaning of section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986,—
- (a) “*balance sheet total*” has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- (b) “*net turnover*” has the meaning given to “*turnover*” by section 262(1) of that Act or Article 270(1) of that Order; and
- (c) “*number of employees*” has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
and for a financial year which is a company’s financial year but not in fact a year, the net turnover of the company shall be proportionately reduced.
- (4) Where the policy holder is a member of a group for which consolidated accounts (within the meaning of Directive [83/349/EEC](https://www.legislation.gov.uk/european/directive/1983/0349)) are drawn up, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to those accounts.
- (5) For the purposes of sub-paragraph (1)(c) above as it applies where the policy holder is a professional association, joint venture or temporary grouping, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to the aggregate of the figures of the description in question for all the members of the professional association, joint venture or temporary grouping.
- (6) In sub-paragraphs (1) to (5) above “*business*” includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping.
- (7) For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate.
- (8) In this paragraph—
- “*euro*” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- “*financial year*”, in relation to any person, means the period (not exceeding 12 months) for which that person makes up accounts.
##### 12A
- (1) In paragraphs 6, 8(3) and 12(5) above and this paragraph, “*superior holding company*” means—
- (a) a company whose business consists wholly or mainly in the holding of shares or securities of companies which—
- (i) are holding companies or local holding companies; or
- (ii) are themselves superior holding companies; or
- (b) a company which would fall within paragraph (a) above if there were disregarded so much of its business as consists in the holding of property or rights of any description for use wholly or mainly by companies which it controls and which are resident in the territory in which it is resident.
- (2) For the purposes of sub-paragraphs (4A) and (4B) of paragraph 6 above, the income of a company during any period which “*represents qualifying exempt activity income of its subsidiaries*” is any income of the company during that period which is directly or indirectly derived from companies—
- (a) which it controls, and
- (b) which, throughout that period, fall within sub-paragraph (4B)(a) of that paragraph, but
- (c) which are not holding companies other than local holding companies.
- (3) In determining for the purposes of sub-paragraph (4A) or (4B) of paragraph 6 above the companies from which, and the proportions in which, different descriptions of income of a company are derived (whether directly or indirectly), any dividend shall be taken to be paid out of the appropriate profits.
- (4) Subsections (3) and (4) of section 799 (which provide rules for determining the profits out of which a dividend is to be regarded as paid for the purpose of subsection (1) of that section) shall apply for determining the appropriate profits for the purposes of subsection (3) above as they apply for determining the relevant profits for the purposes of subsection (1) of that section.
- (5) Sub-paragraphs (4) to (6) of paragraph 12 above shall apply in relation to sub-paragraph (4A) or (4B) of paragraph 6 above and a superior holding company as they apply in relation to sub-paragraph (3) or (4) of paragraph 6 above and a holding company, but taking the reference in sub-paragraph (4) of paragraph 12 above to paragraph (a) or (b) of sub-paragraph (1) of that paragraph as a reference to paragraph (a) or (b) of sub-paragraph (1) above.
## Part 2A — Trading Companies with Limited UK Connection
### Introductory
##### 12B
- (1) For the purposes of section 748(1)(ba), a controlled foreign company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12C),
- (b) business activities (see paragraph 12D),
- (c) UK connection (see paragraph 12E), and
- (d) finance income and relevant IP income (see paragraph 12F).
### Business establishment
##### 12C
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Business activities
##### 12D
- (1) The requirement of this paragraph is that—
- (a) C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities, or
- (b) if C is wholly engaged in business falling within paragraph 11(1)(c) (banking etc), C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities which do not constitute investment business.
- (2) For this purpose—
- “*non-exempt activities*” means—the holding or managing of shares or securities,the holding of intellectual property,dealing in securities, other than in the capacity of a broker,the leasing of any description of property or rights,the investment in any manner of funds which would otherwise be available, directly or indirectly, for investment by or on behalf of any person (whether resident in the United Kingdom or not) who has, or is connected or associated with a person who has, control, either alone or together with other persons, of C, andif C is not a member of an insurance group throughout the accounting period, the effecting or carrying out of contracts of insurance between C and persons related to C;
- “*investment business*” means activities within paragraphs (a) to (d) of paragraph 9(1).
- (3) For the purposes of sub-paragraph (2)(f), a person is “related” to C if—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period in question (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in that accounting period by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (4) In sub-paragraph (2)—
- “*broker*” includes any person offering to sell securities to, or purchase securities from, members of the public generally;
- “*contract of insurance*” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*insurance group*” has the meaning given by paragraph 11A(4);
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*member of an insurance group*” has the meaning given by paragraph 11A(6).
### UK connection
##### 12E
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if Condition A or B is met.
- (3) Condition A is that—
- (a) the UK-connected gross income of C's business for that period exceeds 10% of the gross income of that business for that period, and
- (b) sub-paragraph (4) does not apply.
- (4) This sub-paragraph applies if—
- (a) at all times in the accounting period there are sufficient individuals working for C in the territory in which it is resident, or in any other territory outside of the United Kingdom, who have the competence and authority to undertake all, or substantially all, of C's business,
- (b) C's relevant profits for the accounting period do not exceed 10% of C's relevant operating expenses for that period, and
- (c) the UK-connected gross income of C's business for that period does not exceed 50% of the gross income of that business for that period.
- (5) Condition B is that—
- (a) the UK-connected related-party business expenditure of C's business for that period exceeds 50% of the total related-party business expenditure of C's business for that period, and
- (b) during the accounting period C has been involved in a scheme where the main purpose, or one of the main purposes, of any party to the scheme in entering into the scheme is to achieve a reduction in corporation tax or any tax chargeable as if it were corporation tax.
- (6) For the purposes of sub-paragraph (4)(a), individuals are not to be regarded as working for C in any territory unless—
- (a) they are employed by C in the territory, or
- (b) they are otherwise directed by C to perform duties on its behalf in the territory.
- (7) In this paragraph—
- “*related-party business expenditure*” means any expenditure, other than capital expenditure, which gives rise, directly or indirectly, to income of a person related to C;
- “relevant profits”, for an accounting period, means the total profits of C for that period calculated in accordance with generally accepted accounting practice (disregarding any capital gains or losses), but before any deduction for interest or tax;
- “relevant operating expenses” of C means operating expenses of C other than—the cost of goods sold, andrelated-party business expenditure;
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*UK-connected gross income*” means the gross income derived, directly or indirectly, from persons who are within the charge to United Kingdom tax for all or part of the accounting period;
- “*UK-connected related-party business expenditure*” means related-party business expenditure which gives rise, directly or indirectly, to income of a person within the charge to United Kingdom tax in respect of that income;
- “*United Kingdom tax*” means income tax or corporation tax;
and paragraph 12D(3) (persons “related” to C) applies for the purposes of this paragraph as it applies for the purposes of paragraph 12D(2)(f).
- (8) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there, for the purposes of sub-paragraph (7)—
- (a) the gross income derived from that company is so much of the gross income as is attributable to that establishment, and
- (b) the income received by that company is such of its income as is attributable to that establishment.
### Finance income and relevant IP income
##### 12F
- (1) The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period falls within sub-paragraph (2).
- (2) Gross income falls within this sub-paragraph to the extent that it is—
- (a) finance income, or
- (b) relevant IP income.
- (3) “*Finance income*” means—
- (a) any amount which in accordance with UK generally accepted accounting practice falls to be recognised as arising from a financial asset, and
- (b) any return, in relation to an amount, which—
- (i) is produced for C by an arrangement to which C is party, and
- (ii) is economically equivalent to interest,
except to the extent that the return is taken into account in determining an amount within paragraph (a).
- (4) “*Relevant IP income*” means royalties and receipts of a similar nature arising from intellectual property.
- (5) For the purposes of sub-paragraph (3)(b), the amount of a return is the amount which by virtue of the return would, in calculating C's chargeable profits, be treated under section 486B of CTA 2009 (disguised interest to be regarded as profit from loan relationship) as a profit arising to C from a loan relationship.
- (6) But, in calculating that profit for the purposes of sub-paragraph (5), sections 486B(7) and 486C to 486E of CTA 2009 are to be ignored.
- (7) In this paragraph—
- “*economically equivalent to interest*” is to be construed in accordance with section 486B(2) and (3) of CTA 2009;
- “*financial asset*” means a financial asset as defined for the purposes of UK generally accepted accounting practice or international accounting standards;
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A).
### Gross income
##### 12G
- (1) References in this Part of this Schedule to C's gross income are to be construed in accordance with this paragraph.
- (2) C's gross income for an accounting period does not include—
- (a) any distribution that would not be included in C's chargeable profits by reason of it being exempt for the purposes of Part 9A of CTA 2009 (see section 931A of that Act), or
- (b) any amount that would be taken into account in computing chargeable gains if C were within the charge to corporation tax.
- (3) C's gross income for an accounting period includes—
- (a) any income which accrues during that period to the trustees of a settlement in relation to which C is a settlor or a beneficiary, and
- (b) any income which accrues during that period to a partnership of which C is a partner, apportioned between C and the other partners on a just and reasonable basis.
- (4) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in sub-paragraph (3)(a), the income is to be apportioned between C and the other settlors or beneficiaries on a just and reasonable basis.
- (5) In this paragraph—
- “*distribution*” has the same meaning as in the Corporation Tax Acts (see Part 23 of CTA 2010);
- “*partnership*” includes an entity established under the law of a country or territory outside the United Kingdom of a similar character to a partnership; and “partner” is to be read accordingly.
## Part 2B — Companies Exploiting Intellectual Property with Limited UK Connection
### Introductory
##### 12H
- (1) For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12I),
- (b) intellectual property business (see paragraph 12J),
- (c) other business activities (see paragraph 12K),
- (d) UK connection (see paragraph 12L), and
- (e) finance income (see paragraph 12M).
### Business establishment
##### 12I
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Intellectual property business
##### 12J
- (1) The requirement of this paragraph is that C's main business, throughout the accounting period, consists of the exploitation of intellectual property which does not have a relevant UK connection.
- (2) For the purposes of sub-paragraph (1), if any part of C's main business consists of the exploitation of intellectual property which has a relevant UK connection, that part is to be ignored if it is an insignificant part of C's main business.
- (3) Intellectual property has a relevant UK connection if—
- (a) at any time during the accounting period or the 6 years immediately preceding that period, it has been held by a person resident in the United Kingdom, or
- (b) activities relating to the creation, maintenance or enhancement of the intellectual property (other than activities of an incidental or insignificant nature) have been carried on by a person who for some or all of the period—
- (i) beginning when the activities were first carried on by the person, and
- (ii) ending at the end of the accounting period,
was related to C and within the charge to United Kingdom tax.
### Other business activities
##### 12K
- (1) The requirement of this paragraph is that—
- (a) C does not, at any time during the accounting period, carry on any activities otherwise than in the course of its main business, or
- (b) if it carries on any such activities (“secondary activities”), the secondary activities condition is met.
- (2) The secondary activities condition is that either—
- (a) the secondary activities do not, at any time during the accounting period, constitute a substantial part of the activities of C's business taken as a whole, or
- (b) section 748(1)(b) or (ba) would apply to prevent an apportionment under section 747(3) falling to be made as regards that period, if C's business consisted only of the secondary activities carried on by it during the accounting period.
### UK connection
##### 12L
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if—
- (a) all or a substantial proportion of C's gross income for that period consists of income from the exploitation of intellectual property which derives from persons within the charge to United Kingdom tax, or
- (b) during that period C incurs expenditure (other than expenditure of an incidental or insignificant nature) on—
- (i) R&D sub-contractor payments, or
- (ii) the creation, development or maintenance of relevant intellectual property,
and that expenditure forms part of the income of a person who for some or all of that period is related to C and within the charge to United Kingdom tax.
- (3) In this paragraph—
- “*R&D sub-contractor payment*” means a payment made by C to another person in respect of research and development contracted out by C to that person;
- “*relevant intellectual property*” means intellectual property which does not have a relevant UK connection (see paragraph 12J(3)) and which C exploits in the course of its main business.
### Finance income
##### 12M
The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period consists of finance income (within the meaning of paragraph 12F(3)).
### Interpretation of Part 2B
##### 12N
- (1) For the purpose of this Part of this Schedule—
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G (meaning of “gross income”) applies as it applies for the purposes of Part 2A of this Schedule.
- (2) For the purposes of this Part of this Schedule a person is “related” to C at a particular time if at that time—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period of C in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (3) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there—
- (a) for the purposes of paragraph 12J(3)(b), the activities carried on by the company are such of the activities as are carried on through that establishment,
- (b) for the purposes of paragraph 12L(2)(a), the income derived from that company is such of the income so derived as is attributable to that establishment, and
- (c) for the purposes of paragraph 12L(2)(b), the income of that company is such of its income as is attributable to that establishment.
## Part 3A — Exempt Periods
### Introductory
##### 15A
The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).
### Beginning of exempt period
##### 15B
- (1) An exempt period begins in relation to a company (“X”) at a time (“*the relevant time*”) when—
- (a) X is resident outside the United Kingdom,
- (b) X is controlled by persons resident in the United Kingdom,
- (c) there is at least one relevant UK corporate investor in X, and
- (d) the requirements of paragraph 15C or 15D are met.
- (2) There is a “relevant UK corporate investor in X” at a particular time if, at that time, there is a company which—
- (a) is resident in the United Kingdom, and
- (b) would, on the assumptions set out in sub-paragraph (3), be a company to which an apportionment of X's chargeable profits for the relevant accounting period would fall to be made in circumstances where section 747(5) would not prevent tax being chargeable on the company under section 747(4).
- (3) The assumptions are—
- (a) X has chargeable profits for the relevant accounting period,
- (b) an apportionment of those profits falls to be made under section 747(3) for that period, and
- (c) no reduction of those profits arises under section 751A, 751AA or 751AB.
- (4) “*The relevant accounting period*” means the accounting period of X in which the time mentioned in sub-paragraph (2) falls.
##### 15C
- (1) The requirements of this paragraph are that—
- (a) no company was, at any time before the relevant time, a relevant UK corporate investor in X,
- (b) no asset owned by X, or part of the business carried on by X, at the relevant time was previously owned, or carried on, by a company which—
- (i) was under the control of persons resident in the United Kingdom at any time it owned the asset or carried on the part of the business, and
- (ii) is or has been related to X,
- (c) condition A, B, C or D is met, and
- (d) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) Condition A is that, immediately before the relevant time, X—
- (a) was in existence, but
- (b) was not a member of the same group of companies as any person who, at the relevant time, was a controlling UK person.
- (3) Condition B is that—
- (a) at the relevant time X is controlled by a company which is resident in the United Kingdom, and
- (b) immediately before that time, X was controlled by that same company but that company was not then resident in the United Kingdom.
- (4) Condition C is that—
- (a) at the relevant time—
- (i) X is controlled by a company which is resident in the United Kingdom (“the intermediate parent”), and
- (ii) the intermediate parent is controlled by a company which is not resident in the United Kingdom (“the parent”), and
- (b) immediately before that time X was controlled by the parent but not the intermediate parent.
- (5) Condition D is that X—
- (a) is a controlled foreign company at the time it is formed, and
- (b) is formed by one or more persons for the purpose of controlling one or more companies in circumstances where it is expected that an exempt period will begin in relation to one or more of those companies at the time when X begins to control the company or companies.
- (6) In this paragraph “*controlling UK person*” means a person resident in the United Kingdom who alone, or together with other such persons, controls X.
##### 15D
- (1) The requirements of this paragraph are that—
- (a) the relevant time falls after 23 March 2011,
- (b) X has an accounting period during which 23 March 2011 falls,
- (c) no company was, at any time during that accounting period, a relevant UK corporate investor in X,
- (d) no company was, immediately before the relevant time, a relevant UK corporate investor in X,
- (e) at the relevant time X is controlled by a company which—
- (i) is resident in the United Kingdom, and
- (ii) is not under the control of another body corporate, or two or more other bodies corporate taken together, and
- (f) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) In determining for the purposes of sub-paragraph (1)(e)(ii) whether a company is under the control of two or more bodies corporate taken together, a body corporate which holds less than 10% of the issued ordinary shares of that company is to be disregarded.
- (3) For the purposes of sub-paragraph (2), a body corporate is treated as holding any shares held by persons who are connected or associated with the body corporate.
### Disqualifying relevant transactions
##### 15E
- (1) This paragraph applies for the purposes of paragraph 15C and 15D.
- (2) A disqualifying relevant transaction occurs if—
- (a) a relevant transaction occurs at the relevant time (whether or not the transaction occurs pursuant to an agreement entered into by X before that time), or
- (b) a relevant transaction occurs on or after 9 December 2010 but before the relevant time and that transaction forms part of an avoidance scheme.
- (3) “*Relevant transaction*” means—
- (a) the making by X of a loan or advance of an amount (other than a negligible amount) to a person who, at the time it is made, is related to X and subject to United Kingdom tax,
- (b) an increase (other than an increase of a negligible amount) in the amount of an existing loan or advance made by X to a person who, at the time of the increase, is related to X and subject to United Kingdom tax,
- (c) a change in the terms or conditions of an existing loan or advance made by X where—
- (i) the loan or advance is to a person who, at the time the change is made, is related to X and subject to United Kingdom tax, and
- (ii) the change has an effect (other than a negligible effect) on the amount of interest payable, or
- (d) a transaction to which sub-paragraph (4) applies.
- (4) This sub-paragraph applies to a transaction if—
- (a) it is referable to an activity carried on by X as part, or the whole, of any non-exempt activities carried on by X,
- (b) the results of the transaction are reflected in the profits arising in an accounting period of X and are not negligible in value, and
- (c) the results of the transaction alone, or together with the results of one or more other transactions, achieves a reduction in United Kingdom tax.
- (5) A transaction achieves, or two or more transactions together achieve, a reduction in United Kingdom tax if, had the transaction or transactions not been effected, any person—
- (a) would have been liable for any such tax or for a greater amount of any such tax, or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (6) In this paragraph—
- “*avoidance scheme*” means a scheme the main purpose, or one of the main purposes, of any party to which in entering into the scheme is to secure that section 748(1)(f) prevents an apportionment falling to be made under section 747(3) as regards an accounting period, or accounting periods, of X;
- “*non-exempt activities*” has the meaning given by paragraph 12D(2);
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*United Kingdom tax*” means corporation tax (or any tax chargeable as if it were corporation tax) or income tax.
### Ending of exempt period
##### 15F
- (1) An exempt period ends on the expiry of the period of 24 months which begins immediately after the first accounting period of X to end after the relevant time, unless sub-paragraph (2) applies.
- (2) If an early termination event occurs after the relevant time but before the time the exempt period would end under sub-paragraph (1), the exempt period ends immediately before that event.
- (3) An early termination event occurs if and when—
- (a) a relevant transaction occurs, whether or not the transaction occurs pursuant to an agreement entered into by X before that time, or
- (b) where the exempt period began because Condition D was met, X's business does not consist wholly in the holding of shares of companies which X controls, together with activities incidental to the holding of such shares.
### Interpretation of Part 3A
##### 15G
- (1) In this Part of this Schedule—
- “*group*” means a company and any other companies it controls;
- “*the relevant time*” has the meaning given by paragraph 15B;
- “*relevant transaction*” has the meaning given by paragraph 15E;
- “*relevant UK corporate investor in X*” has the meaning given by paragraph 15B(2);
- “*X*” is to be construed in accordance with paragraph 15B.
- (2) For the purposes of this Part of this Schedule a person is “related” to X at a particular time if—
- (a) the person is connected or associated with X at that time,
- (b) the person has a 25 per cent assessable interest in X in the case of the accounting period in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if X is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 21
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Part 3 — Supplementary
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 9
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Schedule 28A
## Part I — Significant increase in company capital
### General
##### 1
The provisions referred to in section 768B(2) for determining whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company are as follows.
### The basic rule
##### 2
There is a significant increase in the amount of a company’s capital if amount B—
- (a) exceeds amount A by at least £1 million; or
- (b) is at least twice amount A.
### Amount A
##### 3
- (1) Amount A is the lower of—
- (a) the amount of the company’s capital immediately before the change in the ownership; and
- (b) the highest 60 day minimum amount for the pre-change year, found in accordance with sub-paragraphs (2) to (6) below.
- (2) Find the daily amounts of the company’s capital over the pre-change year.
- (3) Take the highest of the daily amounts.
- (4) Find out whether there was in the pre-change year a period of 60 days or more in which there was no daily amount lower than the amount taken.
- (5) If there was, the amount taken is the highest 60 day minimum amount for the pre-change year.
- (6) If there was not, take the next highest of the daily amounts and repeat the process in sub-paragraph (4) above; and so on, until the highest 60 day minimum amount for the pre-change year is found.
- (7) In this Part of this Schedule “*the pre-change year*” means the period of one year ending immediately before the change in the ownership of the company in question.
### Amount B
##### 4
- (1) Amount B is the highest 60 day minimum amount for the post-change period (finding that amount for that period in the same way as the highest 60 day minimum amount for the pre-change year is found).
- (2) In this paragraph “*the post-change period*” means the period of three years beginning with the change in the ownership of the company in question.
### Capital and amounts of capital
##### 5
- (1) The capital of a company consists of the aggregate of—
- (a) the amount of the paid up share capital of the company;
- (b) the amount outstanding of any debts incurred by the company which are of a description mentioned in any of paragraphs (a) to (c) of section 417(7); and
- (c) the amount outstanding of any redeemable loan capital issued by the company.
- (2) For the purposes of sub-paragraph (1) above—
- (a) the amount of the paid up share capital includes any amount in the share premium account of the company (construing “share premium account” in the same way as in section 130 of the Companies Act 1985); and
- (b) the amount outstanding of any debts includes any interest due on the debts.
- (3) Amounts of capital shall be expressed in sterling and rounded up to the nearest pound.
## Part II — Amounts in issue for purposes of section 768B
##### 6
The amounts in issue referred to in section 768B(4)(c) are—
- (a) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than under section 75;
- (b) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (c) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (d) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (da) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within sub-paragraph (dc) below) ;
- (db) the amount of any non-trading debit (other than one within sub-paragraph . . . (dd) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (dc) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (dd) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (de) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (df) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule;
- (e) any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.
##### 6A
For the purposes of paragraph 6(da) above, the amount for any accounting period of the adjusted Case III profits and gains or non-trading deficit of a company is the amount which, as the case may be, would be—
- (a) the amount of the profits and gains chargeable under Case III of Schedule D as profits and gains arising from the company’s loan relationships, or
- (b) the amount of the company’s non-trading deficit on those relationships for that period,
if, in computing that amount, amounts for that period falling within paragraph 6(db) to (dd) above were disregarded.
## Part III — Apportionment for purposes of section 768B
##### 7
- (1) Subject to paragraph 8 below, the apportionment required by section 768B(4)(c) shall be made—
- (a) in the case of the sums mentioned in paragraph 6(a) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 6(b) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 6(c) above, or in the case of the non-trading deficit mentioned in paragraph 6(dc) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 6(d) , (da) and (e) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to be brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 6(dd) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided.
- (g) in the case of any such credit or debit as is mentioned in paragraph 6(de), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 6(df) above, by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
If it appears that any method of apportionment given by paragraph 7 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## Part IV — Excess overdue interest
### Introductory
##### 9
- (1) This paragraph has effect in a case to which section 768B applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account shall not include the debits falling within paragraph 11 below to the extent (if at all) that the aggregate of—
- (a) the amount of those debits, and
- (b) the amount of any debits falling within that paragraph which have been brought into account for the purposes of that Chapter for any previous accounting period ending after the change in the ownership,
exceeds the profits for the accounting period ending with the change in the ownership.
- (3) The reference in sub-paragraph (2) above to the profits is a reference to profits after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes.
### The rules
##### 10
- (1) This paragraph has effect in a case to which section 768C applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the relevant company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account for any such accounting period shall not include the debits falling within paragraph 11 below to the extent (if at all) that the amount of those debits exceeds the modified total profits for the accounting period.
- (3) The reference in sub-paragraph (2) above to the modified total profits for an accounting period is a reference to the total profits for that period—
- (a) reduced, if that period is the period in which the relevant gain accrues, by an amount equal to the amount of the total profits for that period which represents the relevant gain; and
- (b) after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes, other than any reduction by virtue of paragraph 1(2) of Schedule 8 to the Finance Act 1996.
- (4) Where by virtue of sub-paragraph (2) above a debit is to any extent not brought into account for an accounting period, that debit may (to that extent) be brought into account for the next accounting period, but this is subject to the application of sub-paragraphs (1) to (3) above to that next accounting period.
##### 11
- (1) A debit falls within this paragraph if it is a non-trading debit which—
- (a) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting;
- (b) so falls to be brought into account—
- (i) with an adjustment under paragraph 17 or 18 of Schedule 9 to that Act (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed); or
- (ii) on the assumption, specified in sub-paragraph (2) of paragraph 2 of that Schedule, that the interest to which it relates does not accrue until it is paid; and
- (c) apart from paragraphs 2(2), 17 and 18 of that Schedule, would have fallen to be brought into account for those purposes for an accounting period ending before or with the change in the ownership of the company or, as the case may be, the relevant company.
- (2) The debits that fall within this paragraph also include—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) any non-trading debit given by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company or, as the case may be, the relevant company.
- (3) The debits that fall within this paragraph also include any non-trading debit which—
- (a) is not such a debit as is mentioned in sub-paragraph (1) or (2) above;
- (b) is a debit in respect of a debtor relationship of the company or, as the case may be, the relevant company;
- (c) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting; and
- (d) relates to an amount that accrued before the change in the ownership of that company.
- (4) In this paragraph “*post-change accounting period*” means the accounting period beginning immediately after the change in the ownership of the company or, as the case may be, the relevant company.
##### 12
Expressions used both in this Part of this Schedule and in Chapter II of Part IV of the Finance Act 1996 have the same meanings in this Part of this Schedule as in that Chapter.
## Part IV — Disallowed debits
##### 9A
- (1) This paragraph has effect in any case to which section 768B applies where the non-trading deficit mentioned in paragraph 6(dc) above is apportioned by paragraph 7(b) above to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
##### 10A
- (1) This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
## Part V — Amounts in issue for purposes of section 768C
##### 13
- (1) The amounts in issue referred to in section 768C(3)(c) are—
- (a) the amount which would in accordance with the relevant provisions of the 1992 Act (and apart from section 768C) be included in respect of chargeable gains in the total profits for the accounting period being divided;
- (b) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided except any such expenses as would (apart from section 768C) be deductible in computing total profits otherwise than under section 75;
- (c) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (d) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (e) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768C) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (ea) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within paragraph (ec) below);
- (eb) the amount of any non-trading debit (other than one within paragraph . . . (ed) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (ec) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (ed) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (ee) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (ef) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule; and
- (f) any other amounts by reference to which the profits or losses of the accounting period being divided would (apart from section 768C) be calculated.
- (2) In sub-paragraph (1)(a) above “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act.
##### 13A
Paragraph 6A above shall apply for the purposes of paragraph 13(1)(ea) above as it applies for the purposes of paragraph 6(da) above.
## Part VI — Apportionment for purposes of section 768C
##### 14
The apportionment required by section 768C(3)(c) shall be made as follows.
##### 15
In the case of the amount mentioned in paragraph 13(1)(a) above—
- (a) if it does not exceed the amount of the relevant gain, the whole of it shall be apportioned to the second part of the accounting period being divided;
- (b) if it exceeds the amount of the relevant gain, the excess shall be apportioned to the first part of the accounting period being divided and the relevant gain shall be apportioned to the second part.
##### 16
- (1) Subject to paragraph 17 below, the apportionment shall be made—
- (a) in the case of the sums mentioned in paragraph 13(1)(b) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 13(1)(c) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 13(1)(d) above, or in the case of the non-trading deficit mentioned in paragraph 13(1)(ec) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 13(1)(e) , (ea) and (f) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 13(1)(ed) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (g) in the case of any such credit or debit as is mentioned in paragraph 13(ee), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 13(ef), by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
If it appears that any method of apportionment given by paragraph 16 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## SCHEDULE 28AA
### Basic rule on transfer pricing etc.
##### 1
- (1) This Schedule applies where—
- (a) provision (“the actual provision") has been made or imposed as between any two persons (“the affected persons") by means of a transaction or series of transactions, and
- (b) at the time of the making or imposition of the actual provision—
- (i) one of the affected persons was directly or indirectly participating in the management, control or capital of the other; or
- (ii) the same person or persons was or were directly or indirectly participating in the management, control or capital of each of the affected persons.
- (2) Subject to paragraphs 5A, 5B, 8, 10 and 13 below, if the actual provision—
- (a) differs from the provision (“the arm"s length provision’) which would have been made as between independent enterprises, and
- (b) confers a potential advantage in relation to United Kingdom taxation on one of the affected persons, or (whether or not the same advantage) on each of them,
the profits and losses of the potentially advantaged person or, as the case may be, of each of the potentially advantaged persons shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision.
- (3) For the purposes of this Schedule the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises shall include the case in which provision is made or imposed as between any two persons but no provision would have been made as between independent enterprises; and references in this Schedule to the arm’s length provision shall be construed accordingly.
### Provision in relation to securities: determination of arm’s length provision
##### 1A
- (1) This paragraph applies where—
- (a) both of the affected persons are companies, and
- (b) the actual provision is provision in relation to a security issued by one of those companies (“the issuing company”).
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the special relationship (see sub-paragraph (6) below),
- (b) the amount which the loan would have been in the absence of the special relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship (see sub-paragraphs (7) and (8) below).
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) In this paragraph “*special relationship*” means any relationship by virtue of which the condition in paragraph 1(1)(b) above is satisfied in the case of the affected persons.
- (7) In this paragraph any reference to a guarantee includes a reference to a surety and to any other relationship, arrangements, connection or understanding (whether formal or informal) such that the person making the loan to the issuing company has a reasonable expectation that in the event of a default by the issuing company he will be paid by, or out of the assets of, one or more companies.
- (8) For the purposes of this paragraph, the cases where one company has a “*participatory relationship*”with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (9) In this paragraph “*security*” includes securities not creating or evidencing a charge on assets.
- (10) For the purposes of this paragraph—
- (a) interest payable by a company on money advanced without the issue of a security for the advance, or
- (b) other consideration given by a company for the use of money so advanced,
shall be treated as if payable or given in respect of a security issued for the advance by the company, and references in this paragraph to a security shall be construed accordingly.
### Guarantees etc
##### 1B
- (1) This paragraph applies where the actual provision is made or imposed by means of a series of transactions which include—
- (a) the issuing of a security by a company which is one of the affected persons (“the issuing company”), and
- (b) the provision of a guarantee by a company which is the other of those persons.
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the guarantee would have been provided at all in the absence of the special relationship,
- (b) the amount that would have been guaranteed in the absence of the special relationship, and
- (c) the consideration for the guarantee and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company provides a guarantee in respect of another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to provide guarantees generally,
the fact that it is not part of the first company’s business to provide guarantees generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship.
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (6) (meaning of special relationship);
- (b) sub-paragraph (7) (construction of references to a guarantee);
- (c) sub-paragraph (8) (meaning of participatory relationship);
- (d) sub-paragraph (9) (meaning of security);
- (e) sub-paragraph (10) (extended meaning of security).
### Principles for construing rules in accordance with OECD principles
##### 2
- (1) This Schedule shall be construed (subject to paragraphs 8 to 11 below) in such manner as best secures consistency between—
- (a) the effect given to paragraph 1 above; and
- (b) the effect which, in accordance with the transfer pricing guidelines, is to be given, in cases where double taxation arrangements incorporate the whole or any part of the OECD model, to so much of the arrangements as does so.
- (2) In this paragraph “*the OECD model*” means—
- (a) the rules which, at the passing of this Act, were contained in Article 9 of the Model Tax Convention on Income and on Capital published by the Organisation for Economic Co-operation and Development; or
- (b) any rules in the same or equivalent terms.
- (3) In this paragraph “*the transfer pricing guidelines*” means—
- (a) all the documents published by the Organisation for Economic Co-operation and Development, at any time before 1st May 1998, as part of their Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations; and
- (b) such documents published by that Organisation on or after that date as may for the purposes of this Schedule be designated, by an order made by the Treasury, as comprised in the transfer pricing guidelines.
### Meaning of “transaction" and “series of transactions"
##### 3
- (1) In this Schedule “*transaction*” includes arrangements, understandings and mutual practices (whether or not they are, or are intended to be, legally enforceable).
- (2) References in this Schedule to a series of transactions include references to a number of transactions each entered into (whether or not one after the other) in pursuance of, or in relation to, the same arrangement.
- (3) A series of transactions shall not be prevented by reason only of one or more of the matters mentioned in sub-paragraph (4) below from being regarded for the purposes of this Schedule as a series of transactions by means of which provision has been made or imposed as between any two persons.
- (4) Those matters are—
- (a) that there is no transaction in the series to which both those persons are parties;
- (b) that the parties to any arrangement in pursuance of which the transactions in the series are entered into do not include one or both of those persons; and
- (c) that there is one or more transactions in the series to which neither of those persons is a party.
- (5) In this paragraph, “*arrangement*” means any scheme or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable).
### Participation in the management, control or capital of a person
##### 4
- (1) For the purposes of this Schedule a person is directly participating in the management, control or capital of another person at a particular time if, and only if, that other person is at that time—
- (a) a body corporate or a partnership; and
- (b) controlled by the first person.
- (2) For the purposes of this Schedule a person (“*the potential participant*”) is indirectly participating in the management, control or capital of another person at a particular time if, and (subject to paragraphs 4A and 6(4C) below) only if—
- (a) he would be taken to be directly so participating at that time if the rights and powers attributed to him included all the rights and powers mentioned in sub-paragraph (3) below that are not already attributed to him for the purposes of sub-paragraph (1) above; or
- (b) he is, at that time, one of a number of major participants in that other person’s enterprise.
- (3) The rights and powers referred to in sub-paragraph (2)(a) above are—
- (a) rights and powers which the potential participant is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of persons other than the potential participant to the extent that they are rights or powers falling within sub-paragraph (4) below;
- (c) rights and powers of any person with whom the potential participant is connected; and
- (d) rights and powers which for the purposes of sub-paragraph (2)(a) above would be attributed to a person with whom the potential participant is connected if that connected person were himself the potential participant.
- (4) Rights and powers fall within this sub-paragraph to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the potential participant;
- (ii) under the direction of the potential participant; or
- (iii) for the benefit of the potential participant;
and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (5) In sub-paragraphs (3)(b) to (d) and (4) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (6) In paragraph (d) of sub-paragraph (3) above, the reference to rights and powers which would be attributed to a connected person if he were the potential participant includes a reference to rights and powers which, by applying that paragraph wherever one person is connected with another, would be so attributed to him through a number of persons each of whom is connected with at least one of the others.
- (7) For the purposes of this paragraph a person (“*the potential major participant*”) is a major participant in another person’s enterprise at a particular time if at that time—
- (a) that other person (“*the subordinate*”) is a body corporate or partnership; and
- (b) the 40 per cent. test is satisfied in the case of each of two persons who, taken together, control the subordinate and of whom one is the potential major participant.
- (8) For the purposes of this paragraph the 40 per cent. test is satisfied in the case of each of two persons wherever each of them has interests, rights and powers representing at least 40 per cent. of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the subordinate.
- (9) For the purposes of this paragraph—
- (a) the question whether a person is controlled by any two or more persons taken together, and
- (b) any question whether the 40 per cent. test is satisfied in the case of a person who is one of two persons,
shall be determined after attributing to each of the persons all the rights and powers attributed to a potential participant for the purposes of sub-paragraph (2)(a) above.
- (10) References in this paragraph—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
- (11) For the purposes of this paragraph two persons are connected with each other if—
- (a) one of them is an individual and the other is his spouse or civil partner, a relative of his or of his spouse or civil partner, or the spouse or civil partner of such a relative; or
- (b) one of them is a trustee of a settlement and the other is—
- (i) a person who in relation to that settlement is a settlor; or
- (ii) a person who is connected with a person falling within sub-paragraph (i) above.
- (12) In sub-paragraph (11) above—
- “*relative*” means brother, sister, ancestor or lineal descendant; and
- “*settlement*” and “*settlor*” have the same meanings as in section 620 of ITTOIA 2005.
### Persons acting together in relation to financing arrangements
##### 4A
- (1) A person (“P”) shall be treated for the purposes of paragraph 1(1)(b)(i) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for A;
- (b) A is a body corporate or partnership;
- (c) P and other persons acted together in relation to the financing arrangements; and
- (d) P would be taken to have control of A if, at any relevant time, there were attributed to P the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (2) A person (“Q”) shall be treated for the purposes of paragraph 1(1)(b)(ii) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of each of the affected persons at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for one of the affected persons (“B”);
- (b) B is a body corporate or partnership;
- (c) Q and other persons acted together in relation to the financing arrangements; and
- (d) Q would be taken to have control of both B and the other affected person if, at any relevant time, there were attributed to Q the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (3) It is immaterial for the purposes of sub-paragraph (1)(c) or (2)(c) above whether P or Q and the other persons acting together in relation to the financing arrangements did so at the time of the making or imposition of the actual provision or at some earlier time.
- (4) In sub-paragraph (1)(d) or (2)(d) “*relevant time*” means—
- (a) a time when P or Q and the other persons were acting together in relation to the financing arrangements; or
- (b) a time in the period of six months beginning with the day on which they ceased so to act.
- (5) In determining for the purposes of sub-paragraph (1)(d) or (2)(d) whether P or Q would be taken to have control of another person, the rights and powers of any person (and not just P or Q) shall be taken to include those that would be attributed to that person in determining under paragraph 4 above whether he is indirectly participating in the management, control or capital of the other person.
- (6) In this paragraph “*financing arrangements*” means arrangements made for providing or guaranteeing, or otherwise in connection with, any debt, capital or other form of finance.
- (7) Where the condition in paragraph 1(1)(b) above would not be satisfied but for this paragraph, paragraph 1(2) above applies only to the extent that the actual provision relates to the financing arrangements in question.
### Financing arrangements: anticipatory provision
##### 4B
- (1) To the extent that it applies to provision relating to financing arrangements, this Schedule has effect as if in paragraph 1(1)(b) above the words “or within the period of six months beginning with the day on which the actual provision was made or imposed” were inserted immediately before sub-paragraph (i).
- (2) In this paragraph “*financing arrangements*” has the same meaning as in paragraph 4A above.
### Advantage in relation to United Kingdom taxation
##### 5
- (1) For the purposes of this Schedule . . . the actual provision confers a potential advantage on a person in relation to United Kingdom taxation wherever, disregarding this Schedule, the effect of making or imposing the actual provision, instead of the arm’s length provision, would be one or both of the following, that is to say—
- (a) that a smaller amount (which may be nil) would be taken for tax purposes to be the amount of that person’s profits for any chargeable period; or
- (b) that a larger amount (or, if there would not otherwise have been losses, any amount of more than nil) would be taken for tax purposes to be the amount for any chargeable period of any losses of that person.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- (a) excluded income for the purposes of section 128 of the Finance Act 1995 (limit on income chargeable on non-residents: income tax), or
- (b) income to which section 151 of the Finance Act 2003 applies (non-resident companies: extent of charge to income tax).
### Exemption for dormant companies
##### 5A
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which satisfies the condition in sub-paragraph (2) below.
- (2) The condition is that—
- (a) the company was dormant throughout the pre-qualifying period, and
- (b) apart from paragraph 1 above, the company has continued to be dormant at all times since the end of the pre-qualifying period.
- (3) In sub-paragraph (2) above “*the pre-qualifying period*” means—
- (a) if there is an accounting period of the company that ends on 31st March 2004, that accounting period, or
- (b) if there is no such accounting period, the period of 3 months ending with that date.
- (4) In this paragraph “*dormant*” has the same meaning as in section 249AA of the Companies Act 1985 (see subsections (4) to (7) of that section).
### Exemption for small or medium-sized enterprises
##### 5B
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see paragraph 5D below).
- (2) Exceptions to sub-paragraph (1) above are provided—
- (a) in the case of a small enterprise, by sub-paragraphs (3) and (4) below, and
- (b) in the case of a medium-sized enterprise, by sub-paragraphs (3) and (4) and paragraph 5C below.
- (3) The first exception is where the small or medium-sized enterprise elects for sub-paragraph (1) above not to apply in relation to the chargeable period.
Any such election is irrevocable.
- (4) The second exception is where, at the time when the actual provision is or was made or imposed,—
- (a) the other affected person, or
- (b) a party to a relevant transaction (see sub-paragraph (5) below),
is a resident (see sub-paragraph (6) below) of a non-qualifying territory (whether or not that person is also a resident of a qualifying territory).
- (5) For the purposes of sub-paragraph (4) above, a “party to a relevant transaction” is a person who, in a case where the actual provision is or was imposed by means of a series of transactions, is or was a party to one or more of those transactions.
- (6) In this paragraph “*resident*”, in relation to a territory,—
- (a) means a person who, under the laws of that territory, is liable to tax there by reason of his domicile, residence or place of management, but
- (b) does not include a person who is liable to tax in that territory in respect only of income from sources in that territory or capital situated there.
- (7) The definitions of “qualifying territory” and “non-qualifying territory” are in paragraph 5E below.
### Additional provisions for medium-sized enterprises
##### 5C
- (1) Paragraph 5B(1) above does not apply as respects any provision made or imposed if—
- (a) the potentially advantaged person in question is a medium-sized enterprise for the chargeable period in question, and
- (b) the Board gives that person a notice under this sub-paragraph (a “*transfer pricing notice*”) requiring him to compute the profits and losses of that chargeable period in accordance with paragraph 1(2) above in the case of that provision.
- (2) A transfer pricing notice may be given in respect of —
- (a) any provision specified, or of a description specified, in the notice, or
- (b) every provision in relation to which the assumption in paragraph 1(2) above would fall to be made apart from paragraph 5B(1) above.
- (3) A transfer pricing notice may be given only after a notice of enquiry has been given to the potentially advantaged person in respect of his tax return for the chargeable period.
- (4) A transfer pricing notice must identify the officer of the Board to whom any notice of appeal under this paragraph is to be given.
- (5) A person to whom a transfer pricing notice is given may appeal against the decision to give the notice, but only on the grounds that the condition in sub-paragraph (1)(a) above is not satisfied.
- (6) Any such appeal must be brought by giving written notice of appeal to the officer of the Board identified for the purpose in the transfer pricing notice in accordance with sub-paragraph (4) above.
- (7) The notice of appeal must be given before the end of the period of 30 days beginning with the day on which the transfer pricing notice is given.
- (8) A person to whom a transfer pricing notice is given may amend his tax return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with—
- (a) the day on which the notice is given, or
- (b) if he appeals against the notice, the day on which the appeal is finally determined or abandoned.
- (9) Where a transfer pricing notice is given in the case of any tax return, no closure notice may be given in relation to that tax return until—
- (a) the end of the period of 90 days specified in sub-paragraph (8) above, or
- (b) the earlier amendment of the tax return for the purpose of complying with the notice.
- (10) So far as relating to any provision made or imposed by or in relation to a person—
- (a) who is a medium-sized enterprise for a chargeable period,
- (b) who does not make an election under paragraph 5B(3) above for that period, and
- (c) who is not excepted from paragraph 5B(1) above by virtue of paragraph 5B(4) above in relation to that provision for that period,
the tax return required to be made for that period is a return that disregards paragraph 1(2) above.
- (11) Sub-paragraph (10) above does not prevent a tax return for a period becoming incorrect if, in the case of any provision made or imposed,—
- (a) a transfer pricing notice is given which has effect in relation to that provision for that period,
- (b) the return is not amended in accordance with sub-paragraph (8) above for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this paragraph—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998;
- “*tax return*” means—a return under section 8, 8A or 12AA of the Management Act, ora company tax return.
### Meaning of “small enterprise” and “medium-sized enterprise”
##### 5D
- (1) In this Schedule—
- (a) “*small enterprise*” means a small enterprise as defined in the Annex to the Commission Recommendation,
- (b) “*medium-sized enterprise*” means an enterprise which—
- (i) falls within the category of micro, small and medium-sized enterprises as defined in that Annex, and
- (ii) is not a small enterprise as defined in that Annex,
but for these purposes that Annex has effect with the modifications set out in sub-paragraphs (3) to (6) of this paragraph.
- (2) In this paragraph—
- “*the Annex*” means the Annex to the Commission Recommendation;
- “*the Commission Recommendation*” means Commission Recommendation 2003/361/EC of 6th May 2003 (concerning the definition of micro, small and medium-sized enterprises).
- (3) Where any enterprise is in liquidation or administration, the rights of the liquidator or administrator (in that capacity) shall be left out of account when applying Article 3(3)(b) of the Annex in determining for the purposes of this Schedule whether—
- (a) that enterprise, or
- (b) any other enterprise (including that of the liquidator or administrator),
is a small or medium-sized enterprise.
- (4) Article 3 of the Annex shall have effect with the omission of paragraph 5 (declaration in good faith where control cannot be determined etc).
- (5) The first sentence of Article 4(1) of the Annex shall have effect as if the data to apply to—
- (a) the headcount of staff, and
- (b) the financial amounts,
were the data relating to the chargeable period in paragraph 5B(1) above (instead of the period described in that sentence) and calculated on an annual basis.
- (6) Article 4 of the Annex shall have effect with the omission of the following provisions—
- (a) the second sentence of paragraph 1 (data to be taken into account from date of closure of accounts);
- (b) paragraph 2 (no change of status unless ceilings exceeded for two consecutive periods);
- (c) paragraph 3 (bona fide estimate in case of newly established enterprise).
### Meaning of “qualifying territory” and “non-qualifying territory”
##### 5E
- (1) In this Schedule—
- “*non-qualifying territory*” means any territory which is not a qualifying territory;
- “*qualifying territory*” means—the United Kingdom, orany territory as respects which Condition 1 or Condition 2 below is satisfied.
- (2) Condition 1 is that—
- (a) arrangements to which section 788 applies (double taxation relief by agreement with other territories) have been made in relation to the territory;
- (b) those arrangements contain a non-discrimination provision (see sub-paragraphs (4) and (5) below); and
- (c) the territory is not designated as a non-qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (3) Condition 2 is that—
- (a) arrangements to which section 788 applies have been made in relation to the territory; and
- (b) the territory is designated as a qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (4) For the purposes of this paragraph a “*non-discrimination provision*”, in relation to any arrangement to which section 788 applies, is a provision to the effect that nationals of a state which is a party to those arrangements (a “contracting state”) are not to be subject in any other contracting state to—
- (a) any taxation, or
- (b) any requirement connected with taxation,
which is other or more burdensome than the taxation and connected requirements to which nationals of that other state in the same circumstances (in particular with respect to residence) are or may be subjected.
- (5) In this paragraph, “*national*”, in relation to a contracting state, includes—
- (a) any individual possessing the nationality or citizenship of the contracting state,
- (b) any legal person, partnership or association deriving its status as such from the laws in force in that contracting state.
- (6) A statutory instrument containing regulations under this paragraph shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Elimination of double counting
##### 6
- (1) This paragraph applies where—
- (a) only one of the affected persons (“the advantaged person”) is a person on whom a potential advantage in relation to United Kingdom taxation is conferred by the actual provision; and
- (b) the other affected person (“the disadvantaged person”) is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (2) Subject to sub-paragraphs (3) to (6) and paragraphs6C, 6D, 7 and 8 below, on the making of a claim by the disadvantaged person for the purposes of this paragraph—
- (a) the profits and losses of the disadvantaged person shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) notwithstanding any limit in the Tax Acts on the time within which any adjustment may be made, all such adjustments shall be made in his case as may be required to give effect to the assumption that the arm’s length provision was made or imposed instead of the actual provision.
- (3) A claim made by the disadvantaged person for the purposes of this paragraph—
- (a) shall not be made unless a computation has been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision; and
- (b) must be consistent with the computation made on that basis in the case of the advantaged person.
- (4) For the purposes of sub-paragraph (3) above a computation shall be taken to have been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision if, and only if—
- (a) the computations made for the purposes of any return by the advantaged person have been made on that basis by virtue of this Schedule; or
- (b) a relevant notice given to the advantaged person takes account of a determination in pursuance of this Schedule of an amount falling to be brought into account for tax purposes on that basis.
- (4A) A claim by the disadvantaged person for the purposes of this paragraph shall not be made where—
- (a) the condition in paragraph 1(1)(b) above would not be satisfied but for paragraph 4A above;
- (b) the actual provision is provision in relation to a security issued by one of the affected persons (“*the issuer*”);
- (c) a guarantee is provided in relation to the security by a person with whom the issuer has a participatory relationship.
In this sub-paragraph “*security*” and “*guarantee*” have the same meaning as in paragraph 1A above.
- (4B) For the purposes of sub-paragraph (4A) above, the cases where one person has a “*participatory relationship*” with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (4C) Paragraph 4A above applies for the purposes of sub-paragraph (4B) above as it applies for the purposes of paragraph 1(1)(b) above.
- (5) Subject to section 111(3)(b) of the Finance Act 1998 (which provides for the extension of the period for making a claim), a claim for the purposes of this paragraph shall not be made except within one of the following periods—
- (a) in a case where a return has been made by the advantaged person on the basis mentioned in sub-paragraph (3)(a) above, the period of two years beginning with the day of the making of the return; and
- (b) in any case where a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above has been given to the advantaged person, the period of two years beginning with the day on which that notice was given.
- (6) Subject to section 111(3)(b) of the Finance Act 1998, where—
- (a) a claim for the purposes of this paragraph is made by the disadvantaged person in relation to a return made on the basis mentioned in sub-paragraph (3)(a) above, and
- (b) a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above is subsequently given to the advantaged person,
the disadvantaged person shall be entitled, within the period mentioned in sub-paragraph (5)(b) above, to make any such amendment of the claim as may be appropriate in consequence of the determination contained in that notice.
- (7) In this paragraph—
- “*relevant notice*” means—a closure notice under section 28A(1) or 28B(1) of the Management Act in relation to an enquiry into a return under section 8 or 8A of that Act or into a partnership return;a closure notice under paragraph 32 of Schedule 18 to the Finance Act 1998 in relation to an enquiry into a company tax return;a notice of an assessment under section 29 of the Management Act;a notice of any discovery assessment or discovery determination under paragraph 41 of Schedule 18 to the Finance Act 1998 (including any notice of an assessment by virtue of paragraph 52 of that Schedule);a notice under section 30B(1) of the Management Act amending a partnership return;
- “*return*” means any return required to be made under the Management Act or Schedule 18 to the Finance Act 1998 for income tax or corporation tax purposes or any voluntary amendment of such a return; and
- “*voluntary amendment*”, in relation to a return, means —an amendment under section 9ZA or 12ABA of the Management Act (amendment of personal, trustee or partnership return by taxpayer), oran amendment under Schedule 18 to the Finance Act 1998 other than one made in response to the giving of a relevant notice.
### Application of paragraph 6 in relation to transfers of trading stock etc
##### 6A
- (1) Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
- (a) closing trading stock, or
- (b) closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
- (2) For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
- (3) For the purposes of this paragraph “*trading stock*”, in relation to any trade, has the same meaning as it has for the purposes of section 100 above (see subsection (2) of that section) or Chapter 12 of Part 2 of ITTOIA 2005 (see section 174 of that Act) (valuation of trading stock at discontinuance of trade).
### Compensating adjustment where advantaged person is a controlled foreign company
##### 6B
- (1) This paragraph applies in any case where—
- (a) the actual provision is provision made or imposed in relation to a controlled foreign company,
- (b) in determining for the purposes of Chapter 4 of Part 17 the amount of that company’s chargeable profits for an accounting period, its profits and losses fall to be computed in accordance with paragraph 1(2) above in the case of that provision,
- (c) the whole of those chargeable profits fall to be apportioned under section 747(3) to one or more companies resident in the United Kingdom, and
- (d) tax is chargeable by virtue of section 747(4) in respect of the whole of those chargeable profits, as so apportioned to those companies.
- (2) Where this paragraph applies, paragraph 6 above shall have effect as if the controlled foreign company were a person on whom a potential advantage in relation to United Kingdom taxation were conferred by the actual provision.
- (3) In the application of paragraph 6 above by virtue of this paragraph—
- (a) references to the advantaged person in sub-paragraphs (4)(a) and (b), (5)(a) and (b) and (6)(b) of that paragraph include a reference to any of the companies mentioned in sub-paragraph (1)(c) above, and
- (b) references to corporation tax include a reference to tax chargeable by virtue of section 747(4).
- (4) In this paragraph—
- “*controlled foreign company*” has the same meaning as in Chapter 4 of Part 17;
- “*accounting period*”, in relation to a controlled foreign company, has the same meaning as in Chapter 4 of Part 17.
### Claims under paragraph 6 where paragraph 1A applies
##### 6C
- (1) Where paragraph 1A above applies in relation to any provision, this paragraph has effect in relation to that provision.
- (2) A claim under paragraph 6(2) above may be made in accordance with this paragraph.
For the purposes of this Schedule a “paragraph 6C claim” is a claim under paragraph 6(2) above made in accordance with this paragraph.
- (3) A paragraph 6C claim may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such claim made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (4) A paragraph 6C claim may be made before or after a computation falling within paragraph 6(3)(a) above has been made.
- (5) A paragraph 6C claim must be made either—
- (a) at any time before the end of the period mentioned in paragraph 6(5)(a) above, or
- (b) within the period mentioned in paragraph 6(5)(b) above,
but this is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making a claim).
- (6) A paragraph 6C claim is not a claim within paragraph 57 or 58 of Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters).
Accordingly, paragraph 59 of that Schedule (application of Schedule 1A to the Management Act) has effect in relation to a paragraph 6C claim.
- (7) Where—
- (a) a paragraph 6C claim is made before a computation falling within paragraph 6(3)(a) above has been made,
- (b) such a computation is subsequently made, and
- (c) the claim is not consistent with the computation,
the affected persons shall be treated as if (instead of the claim actually made) a claim had been made that was consistent with the computation.
- (8) All such adjustments shall be made (whether by discharge or repayment of tax, the making of assessments or otherwise) as are required to give effect to sub-paragraph (7) above.
- (9) Sub-paragraph (8) above has effect notwithstanding any limit on the time within which any adjustment may be made.
- (10) Where—
- (a) a paragraph 6C claim is made,
- (b) a return is subsequently made by the advantaged person on the basis mentioned in paragraph 6(3)(a) above, and
- (c) a relevant notice (within the meaning of paragraph 6 above) taking account of such a determination as is mentioned in paragraph 6(4)(b) above is subsequently given to the advantaged person,
sub-paragraph (11) below applies.
- (11) Where this sub-paragraph applies, any such amendment of the paragraph 6C claim as may be appropriate in consequence of the determination contained in the relevant notice may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such amendment made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (12) Any such amendment must be made within the period mentioned in paragraph 6(5)(b) above.
But that is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making amendment).
### Compensating adjustment for guarantor company etc where paragraph 1B applies
##### 6D
- (1) This paragraph applies in any case where—
- (a) a company (“the issuing company”) has liabilities under a security issued by the company,
- (b) those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”), and
- (c) in computing the profits and losses of the issuing company for tax purposes, the amounts to be deducted in respect of interest or other amounts payable under the security fall to be reduced (whether or not to nil) under paragraph 1(2) above by virtue of paragraph 1B above.
- (2) On the making of a claim in any such case, the guarantor company shall, to the extent of that reduction, be treated for all purposes of the Taxes Acts as if it (and not the issuing company)—
- (a) had issued the security,
- (b) owed the liabilities under it, and
- (c) had paid any interest or other amounts paid under it by the issuing company,
and in computing the profits and losses of the guarantor company for those purposes amounts shall be brought into account accordingly.
This sub-paragraph is subject to the following provisions of this paragraph.
- (3) Where the issuing company’s liabilities under the security are the subject of two or more guarantees (whether or not provided by the same person) TD must not exceed TR, where—
- TD is the total of the amounts brought into account by the guarantor companies by virtue of sub-paragraph (2) above, and
- TR is the total amount of the reductions that fall within sub-paragraph (1)(c) above.
- (4) In this paragraph “*the loan provision*” means the actual provision made or imposed between—
- (a) the issuing company, and
- (b) another company (“the lending company”),
which is provision in relation to the security.
- (5) Where—
- (a) the guarantor company makes a claim under sub-paragraph (2) above, and
- (b) the lending company makes a claim under paragraph 6 above in respect of the loan provision,
sub-paragraphs (6) and (7) below apply.
- (6) In determining, in a case where this sub-paragraph applies, the arm’s length provision for the purposes of paragraph 6(2)(a) above in relation to the lending company’s claim, additional amounts shall be brought into account as credits corresponding to the debits that fall to be brought into account by virtue of sub-paragraph (2) above in relation to the guarantor company.
- (7) If, in a case where this sub-paragraph applies,—
- (a) the lending company makes its claim under paragraph 6 above before the guarantor company makes its claim under sub-paragraph (2) above, and
- (b) the computation on which the lending company’s claim is based does not comply with sub-paragraph (6) above,
the guarantor company’s claim shall be disallowed.
- (8) A claim under sub-paragraph (2) above may be made by—
- (a) the guarantor company,
- (b) where there are two or more guarantor companies, those companies acting together, or
- (c) the issuing company,
but any claim made by the issuing company shall be taken to be made on behalf of the guarantor company or companies.
- (9) Sub-paragraphs (3) to (6) of paragraph 6 above (claims and time limits) shall apply in relation to a claim under sub-paragraph (2) above made by or on behalf of any person or persons as they apply in relation to a claim under that paragraph made by the disadvantaged person, but taking references in those sub-paragraphs—
- (a) to the advantaged person, as references to the issuing company, and
- (b) to the disadvantaged person, as references to the guarantor company or companies.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (7) (construction of references to a guarantee);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
- (11) In this paragraph “*the Taxes Acts*” has the meaning given in section 118(1) of the Management Act.
### Certain interest not to be regarded as chargeable under Case III of Schedule D
##### 6E
Where—
- (a) interest is paid by any person under the actual provision,
- (b) paragraph 1(2) above applies in relation to the actual provision,
- (c) the amount of interest that would have been payable under the arm’s length provision is less than the amount of interest paid under the actual provision (or there would not have been any interest payable),
- (d) the person receiving the interest makes a claim under paragraph 6 above or a paragraph 6C claim,
the interest paid under the actual provision, to the extent that it exceeds the amount of interest that would have been payable under the arm’s length provision, shall not be regarded as chargeable under Case III of Schedule D or Chapter 2 of Part 4 of ITTOIA 2005.
### Adjustment of disadvantaged person’s double taxation relief
##### 7
- (1) Subject to sub-paragraph (4) below, where—
- (a) a claim is made for the purposes of paragraph 6 above, and
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision,
the assumptions specified in sub-paragraph (2) below shall apply, in the disadvantaged person’s case, as respects any credit for foreign tax which the disadvantaged person has been or may be given in pursuance of any double taxation arrangements or under section 790(1).
- (2) Those assumptions are—
- (a) that the foreign tax paid or payable by the disadvantaged person does not include any amount of foreign tax which would not be or have become payable were it to be assumed for the purposes of that tax that the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) that the amount of the relevant profits of the disadvantaged person in respect of which he is given credit for foreign tax does not include the amount (if any) by which his relevant profits are treated as reduced in accordance with paragraph 6 above.
- (3) Sub-paragraph (4) below applies if—
- (a) a claim is made for the purposes of paragraph 6 above;
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision;
- (c) the application of that basis in the computation of the disadvantaged person’s profits or losses for any chargeable period involves a reduction in the amount of any income; and
- (d) that income is also income that falls to be treated as reduced in accordance with section 811(1).
- (4) Where this sub-paragraph applies—
- (a) the reduction mentioned in sub-paragraph (3)(c) above shall be treated as made before any reduction under section 811(1); and
- (b) tax paid, in the place in which any income arises, on so much of that income as is represented by the amount of the reduction mentioned in sub-paragraph (3)(c) above shall be disregarded for the purposes of section 811(1).
- (5) Where, in a case in which a claim has been made for the purposes of paragraph 6 above, any adjustment is required to be made for the purpose of giving effect to any of the preceding provisions of this paragraph—
- (a) it may be made in any case by setting the amount of the adjustment against any relief or repayment to which the disadvantaged person is entitled in pursuance of that claim; and
- (b) nothing in the Tax Acts limiting the time within which any assessment is to be or may be made or amended shall prevent that adjustment from being so made.
- (6) References in this paragraph to relevant profits of the disadvantaged person are references to profits arising to the disadvantaged person from the carrying on of the relevant activities.
### Balancing payments between affected persons: no charge to, or relief from, tax
##### 7A
- (1) This paragraph applies where—
- (a) the circumstances are as described in paragraph 6(1) above,
- (b) one or more payments (the “balancing payments”) are made to the advantaged person by the disadvantaged person, and
- (c) the sole or main reason for making those payments is that paragraph 1(2) above applies.
- (2) To the extent that the balancing payments do not in the aggregate exceed the amount of the available compensating adjustment, those payments—
- (a) shall not be taken into account in computing profits or losses of either of the affected persons for the purposes of income tax or corporation tax, and
- (b) shall not for any of the purposes of the Corporation Tax Acts be regarded as distributions . . . .
- (3) In this paragraph “*the available compensating adjustment*” means the difference between PL1 and PL2 where—
- PL1 is the profits and losses of the disadvantaged person computed for tax purposes on the basis of the actual provision, and
- PL2 is the profits and losses of the disadvantaged person as they fall (or would fall) to be computed for tax purposes on a claim under paragraph 6 above,
### Securities: election to discharge tax liability instead of making balancing payments
##### 7B
- (1) This paragraph applies in any case where—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above, and
- (c) the actual provision is provision in relation to a security (the “relevant security”).
- (2) The disadvantaged person may make an election under this paragraph in respect of the relevant security if the condition in sub-paragraph (3) below is satisfied.
- (3) The condition is that—
- (a) the actual provision forms part of a capital market arrangement,
- (b) the capital market arrangement involves the issue of a capital market investment,
- (c) the securities that represent the capital market investment are issued wholly or mainly to independent persons (see sub-paragraph (9) below), and
- (d) the total value of the capital market investments made under the capital market arrangement is at least £50 million.
- (4) An election under this paragraph in respect of the relevant security is an election for the disadvantaged person—
- (a) to make no balancing payment within paragraph 7A above to the advantaged person in respect of the application of paragraph 1(2) above in relation to the relevant security in a chargeable period by virtue of paragraph 1A above, but
- (b) instead, to undertake sole responsibility for discharging the advantaged person’s liability to tax for that period so far as resulting from the application of paragraph 1(2) above in relation to the relevant security by virtue of paragraph 1A above.
- (5) Where an election under this paragraph has effect in relation to an accounting period of the advantaged person, the tax mentioned in sub-paragraph (4)(b) above—
- (a) shall be recoverable from the disadvantaged person as if it were an amount of corporation tax due and owing from that person, and
- (b) shall not be recoverable from the advantaged person.
- (6) Any election under this paragraph in respect of the relevant security—
- (a) must be made by being included (whether by amendment or otherwise) in the disadvantaged person’s company tax return for the chargeable period in which the relevant security is issued,
- (b) has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods, and
- (c) is irrevocable.
For the purposes of this sub-paragraph a security issued in a chargeable period beginning before 1st April 2004 shall be treated as if it had been issued in the chargeable period beginning on that date.
- (7) An election under this paragraph by a person is of no effect if the Board give that person a notice under this sub-paragraph refusing to accept the election.
- (8) A notice under sub-paragraph (7) above may be given only after a notice of enquiry in respect of the company tax return containing the election has been given to the disadvantaged person.
- (9) In this paragraph—
- “*capital market arrangement*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraph 1 of Schedule 2A to that Act);
- “*capital market investment*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 2 and 3 of Schedule 2A to that Act);
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*independent person*” means a person—who is not the disadvantaged person, andwho does not have a participatory relationship with either of the affected persons.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (8) (meaning of participatory relationship);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
### Balancing payments by guarantor to issuer: no charge to, or relief from, tax
##### 7C
- (1) This paragraph applies in any case where—
- (a) the circumstances are as described in paragraph 6D(1) above,
- (b) one or more payments (the “balancing payments”) are made by the guarantor company to the issuing company, and
- (c) the sole or main reasons for making those payments are that paragraph 1(2) above applies by virtue of paragraph 1B above or that paragraph 6D above applies.
- (2) To the extent that the balancing payments made by all the guarantor companies do not in the aggregate exceed the amount TR in paragraph 6D(3) above (total reductions within paragraph 6D(1)(c) above), those payments—
- (a) shall not be taken into account in computing for the purposes of corporation tax the profits or losses of the guarantor company or companies or the issuing company, and
- (b) shall not for any purpose of the Corporation Tax Acts be regarded as distributions . . . .
### Guarantees: election to discharge tax liability instead of making balancing payments
##### 7D
- (1) This paragraph applies where the following conditions are satisfied—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above,
- (c) the actual provision falls within paragraph 1B(1) above.
- (2) Sub-paragraphs (2) to (8) of paragraph 7B above apply in a case where this paragraph applies as they apply in a case where that paragraph applies, but with the modifications in sub-paragraphs (3) and (4) below.
- (3) The relevant security is the security in paragraph 1B(1)(a) above.
- (4) In sub-paragraph (4) (nature of the election)—
- (a) for “paragraph 7A above” substitute paragraph 7C below;
- (b) for “paragraph 1A”, in both places, substitute paragraph 1B.
### Foreign exchange gains and losses and financial instruments
##### 8
- (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule shall not require the amounts brought into account in any person’s case under—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in respect of exchange gains or losses from loan relationships (as defined in section 103(1A) and (1B) of that Act), or
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts) in respect of exchange gains and losses (as defined in paragraph 54 of that Schedule),
to be computed in that person’s case on the assumption that the arm’s length provision had been made or imposed instead of the actual provision.
- (3) Sub-paragraph (1) above shall not affect so much of paragraph 11A of Schedule 9 to the Finance Act 1996 (loan relationships: exchange gains or losses where loan not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if the whole or any part of a loan had not been made.
- (4) Sub-paragraph (1) above shall not affect so much of paragraph 27 of Schedule 26 to the Finance Act 2002 (derivative contracts: exchange gains or losses where derivative contract not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if a company were not party to a derivative contract or as if the terms of the contract to which it is party were different.
### Special rules for sales etc. of oil
##### 9
- (1) Subject to paragraph 10 below, this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil if—
- (a) the oil sold is oil which has been, or is to be, extracted under rights exercisable by a company (“the producer") which (although it may be the seller) is not the buyer; and
- (b) at the time of the sale not less than 20 per cent. of the producer’s ordinary share capital is owned directly or indirectly by one or more of the following, that is to say, the buyer and the companies (if any) that are linked to the buyer.
- (2) Where this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil, this Schedule shall have effect as respects that provision as if the buyer, the seller and (if it is not the seller) the producer were all controlled by the same person at the time of the making or imposition of that provision.
- (3) For the purposes of this paragraph two companies are linked if—
- (a) one is under the control of the other; or
- (b) both are under the control of the same person or persons.
- (4) For the purposes of this paragraph—
- (a) any question whether ordinary share capital is owned directly or indirectly by a company shall be determined as for section 838;
- (b) rights to extract oil shall be taken to be exercisable by a company even if they are exercisable by that company only jointly with one or more other companies; and
- (c) a sale of oil shall be deemed to take place at the time of the completion of the sale or when possession of the oil passes, whichever is the earlier.
- (5) In this paragraph “*oil*” includes any mineral oil or relative hydrocarbon, as well as natural gas.
### Transactions and deemed transactions involving oil
##### 10
This Schedule does not apply in relation to provision made or imposed by means of any transaction or deemed transaction in the case of which the price or consideration is determined in accordance with any of subsections (1) to (4) of section 493 (transactions and deemed transactions involving oil treated as made at market value).
### Special provision for companies carrying on ring fence trades
##### 11
- (1) This paragraph applies where any person (“the taxpayer") carries on as, or as part of, a trade any activities (“the ring fence trade") which, in accordance with section 492(1) above or section 16(1) of ITTOIA 2005 either—
- (a) fall to be treated for any tax purposes as a separate trade, distinct from all other activities carried on by him as part of the trade; or
- (b) would so fall if the taxpayer did carry on any other activities as part of that trade.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to paragraph 10 above and sub-paragraph (4) below, this Schedule shall have effect as respects any provision made or imposed by the taxpayer as between the ring fence trade and any other activities carried on by him as if—
- (a) that trade and those activities were carried on by two different persons;
- (b) that provision were made or imposed as between those two persons by means of a transaction;
- (c) a potential advantage in relation to United Kingdom taxation were conferred by that provision on each of those two persons; and
- (d) those two persons were both controlled by the same person at the time of the making or imposition of that provision; . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This Schedule shall apply in accordance with this paragraph in relation to any provision mentioned in sub-paragraph . . . (3) above only where the effect of its application in relation to that provision is either—
- (a) that a larger amount (including, if there would not otherwise have been profits, an amount of more than nil) is taken for tax purposes to be the amount of the profits of the ring fence trade for any chargeable period; or
- (b) that a smaller amount (including nil) is taken for tax purposes to be the amount for any chargeable period of any losses of that trade.
### Appeals
##### 12
- (1) In so far as the question in dispute on any appeal falling within sub-paragraph (2) below—
- (a) is or involves a determination of whether this Schedule has effect as respects any provision made or imposed as between any two persons, or of how it so has effect, and
- (b) is not a question that would fall to be determined by the Special Commissioners apart from this sub-paragraph,
that question shall be determined by them.
- (2) The appeals falling within this sub-paragraph are—
- (a) any appeal under section 31 of, or Schedule 1A to, the Management Act;
- (b) any appeal under paragraph 34(3) of Schedule 18 to the Finance Act 1998 against an amendment of a company’s return; and
- (c) any appeal under paragraph 48 of that Schedule against a discovery assessment or a discovery determination.
- (3) Sub-paragraph (4) below applies where—
- (a) any such question as is mentioned in sub-paragraph (1) above falls to be determined by the Special Commissioners for the purposes of any proceedings before them; and
- (b) that question relates to any provision made or imposed as between two persons each of whom is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (4) Where this sub-paragraph applies—
- (a) each of the persons as between whom the actual provision was made or imposed shall be entitled to appear and be heard by the Special Commissioners, or to make representations to them in writing;
- (b) the Special Commissioners shall determine that question separately from any other questions in those proceedings; and
- (c) their determination on that question shall have effect as if made in an appeal to which each of those persons was a party.
- (5) In this paragraph—
- “*discovery assessment*” means a discovery assessment under paragraph 41 of Schedule 18 to the Finance Act 1998 (including one by virtue of paragraph 52 of that Schedule); and
- “*discovery determination*” means a discovery determination under paragraph 41 of that Schedule.
### Saving for the provisions relating to capital allowances and capital gains
##### 13
- (1) Nothing in this Schedule shall be construed as affecting—
- (a) the computation of the amount of any capital allowance or balancing charge made under the Capital Allowances Act; or
- (b) the computation in accordance with the 1992 Act of the amount of any chargeable gain or allowable loss;
and nothing in this Schedule shall require the profits or losses of any person to be computed for tax purposes as if, in his case, instead of income or losses falling to be brought into account in connection with the taxation of income, there were gains or losses falling to be brought into account in accordance with the 1992 Act.
- (2) Nothing in sub-paragraph (1) above applies to paragraph 6 above.
### General interpretation etc.
##### 14
- (1) In this Schedule—
- “*the actual provision*” and “*the affected persons*” shall be construed in accordance with paragraph 1(1) above;
- “*the arm*”s length provision’ shall be construed in accordance with paragraph 1(2) and (3) above;
- “*double taxation arrangements*” means arrangements having effect by virtue of section 788;
- “*foreign tax*” means any tax under the law of a territory outside the United Kingdom or any amount which falls for the purposes of any double taxation arrangements to be treated as if it were such tax;
- “*insurance company*” has the same meaning as in Chapter I of Part XII;
- “*losses*” includes amounts which are not losses but in respect of which relief may be given in accordance with any of the following enactments—section 75(9) (excess of management expenses);section 468L(5) (allowance for interest distributions of a unit trust);Part X (loss relief and group relief);section 83 of and Schedule 8 to the Finance Act 1996 or paragraph 4 of Schedule 11 to that Act (deficits on loan relationships);
- “*medium-sized enterprise*” shall be construed in accordance with paragraph 5D above;
- “*non-qualifying territory*” has the meaning given by paragraph 5E above;
- “*paragraph 6C claim*” has the meaning given by paragraph 6C(2) above;
- “*profits*” includes income;
- “*qualifying territory*” has the meaning given by paragraph 5E above;
- “*the relevant activities*”, in relation to a person who is one of the persons as between whom any provision is made or imposed, means such of his activities as—comprise the activities in the course of which, or with respect to which, that provision is made or imposed; andare not activities carried on either separately from those activities or for the purposes of a different part of that person’s business;
- “*small enterprise*” shall be construed in accordance with paragraph 5D above;
- “*transaction*” and “*series of transactions*” shall be construed in accordance with paragraph 3 above.
- (2) Without prejudice to paragraphs 9(2) and 11(3) above, references in this Schedule to a person controlling a body corporate or a partnership shall be construed in accordance with section 840.
- (3) In determining for the purposes of this Schedule whether a person has an entitlement, in pursuance of any double taxation arrangements or under section 790(1), to be given credit for foreign tax, any requirement that a claim is made before such a credit is given shall be disregarded.
- (4) Any adjustments required to be made by virtue of this Schedule may be made by way of discharge or repayment of tax, by the modification of any assessment or otherwise.
- (5) This Schedule shall have effect as if—
- (a) a unit trust scheme were a company that is a body corporate;
- (b) the rights of the unit holders under such a scheme were shares in the company that the scheme is deemed to be;
- (c) rights and powers of a person in the capacity of a person entitled to act for the purposes of the scheme were rights and powers of the scheme; and
- (d) provision made or imposed as between any person in such a capacity and another person were made or imposed as between the scheme and that other person.
## SCHEDULE 28AB
### Introductory
##### 1
- (1) A scheme or arrangement, other than a scheme or arrangement falling within sub-paragraph (3), is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 apply to it.
- (2) A scheme or arrangement falling within sub-paragraph (3) is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 would, on the assumption in sub-paragraph (4), apply to it.
- (3) A scheme or arrangement falls within this sub-paragraph if its main purpose, or one of its main purposes, is to cause an amount of underlying tax allowable in respect of a dividend paid by a body corporate resident in a territory outside the United Kingdom to be taken into account in the case of a person.
- (4) The assumption is that the body corporate is resident in the United Kingdom.
- (5) Nothing in sub-paragraph (4) requires it to be assumed that there is any change in the place or places at which the body corporate carries on its activities.
### Attribution of foreign tax
##### 2
This paragraph applies to a scheme or arrangement if the scheme or arrangement enables a person who is party to, or concerned in, the scheme or arrangement to pay, in respect of a source of income or chargeable gain, an amount of foreign tax all or part of which is properly attributable to another source of income or chargeable gain (or to more than one such other source).
### Effect of paying foreign tax
##### 3
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax (“*the claimant*”).
- (2) This sub-paragraph is satisfied if—
- (a) an amount of foreign tax is paid by the claimant, and
- (b) at the time when the claimant entered into the scheme or arrangement, it could reasonably be expected that the effect of the payment of that amount of foreign tax on the foreign tax total would be to increase it by less than the amount allowable to the claimant as a credit in respect of the payment of that amount of foreign tax.
- (3) The foreign tax total is the amount found by—
- (a) aggregating the amounts of foreign tax paid or payable in respect of the transaction or transactions forming part of the scheme or arrangement by persons party to, or concerned in, the scheme or arrangement, and
- (b) taking into account any reliefs, deductions, reductions or allowances against or in respect of any tax that arise to the persons party to, or concerned in, the scheme or arrangement (including any reliefs, deductions, reductions or allowances arising to any one or more of those persons as a consequence of the payment by the claimant of that amount of foreign tax).
### Effect of claim, election or other arrangement
##### 4
- (1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
- (a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
- (b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
- (2) The steps mentioned in sub-paragraph (1) are steps that may be made—
- (a) under the law of any territory, or
- (b) under arrangements made in relation to any territory.
- (3) The steps mentioned in sub-paragraph (1) include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
- (b) making elections for tax purposes.
### Effect attributable to scheme or arrangement
##### 5
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax.
- (2) This sub-paragraph is satisfied if amount A is less than amount B.
- (3) Amount A is the amount of United Kingdom taxes payable by the person in respect of income and chargeable gains arising in the chargeable period.
- (4) Amount B is the amount of United Kingdom taxes that would be payable by the person in respect of income and chargeable gains arising in the chargeable period if, in determining that amount, the transactions forming part of the scheme or arrangement were disregarded.
### Tax deductible payments
##### 6
- (1) This paragraph applies to a scheme or arrangement if the scheme or arrangement includes—
- (a) the making by a person (“A”) of a relevant payment or payments, and
- (b) the giving, in respect of that payment or payments, of consideration that satisfies the requirements of sub-paragraph (3).
- (2) A payment made by A is a relevant payment if all or part of it may be brought into account in computing A's income for the purposes of United Kingdom taxes.
- (3) Consideration given in respect of a payment or payments made by A satisfies the requirements of this sub-paragraph if—
- (a) all or part of it consists of a payment or payments made to A or a person connected with A, and
- (b) tax is chargeable in respect of the payment or payments under the law of a territory outside the United Kingdom.
- (4) In this paragraph references to a payment include references to a transfer of money's worth.
- (5) Section 839 applies for the purposes of this paragraph.
## SCHEDULE 28B
### Introductory
##### 1
- (1) This Schedule applies, where any shares in or securities of any company (“the relevant company”) are at any time held by another company (“the trust company”), for determining whether and to what extent those shares or securities (“the relevant holding”) are, for the purposes of section 842AA, to be regarded as at that time comprised in the trust company’s qualifying holdings.
- (2) The relevant holding shall be regarded as comprised in the trust company’s qualifying holdings at any time if—
- (a) all the requirements of the following provisions of this Schedule are satisfied at that time in relation to the relevant company and the relevant holding; and
- (b) the relevant holding consists of shares or securities which were first issued by the relevant company to the trust company and have been held by the trust company ever since.
- (3) Subject to paragraph 6(3) below, where the requirements of paragraph 6 or 7 below would be satisfied as to only part of the money raised by the issue of the relevant holding and that holding is not otherwise capable of being treated as comprising separate holdings, this Schedule shall have effect in relation to that holding as if it were two holdings consisting of—
- (a) a holding from which that part of the money was raised; and
- (b) a holding from which the remainder was raised;
and section 842AA shall have effect as if the value of the holding were to be apportioned accordingly between the two holdings which are deemed to exist in pursuance of this sub-paragraph.
### Requirement that company must be unquoted company
##### 2
- (1) The requirement of this paragraph is that the relevant company (whether or not it is resident in the United Kingdom) must be an unquoted company.
- (2) In this paragraph “*unquoted company*” means a company none of whose shares, stocks, debentures or other securities is marketed to the general public.
- (3) For the purposes of this paragraph shares, stocks, debentures or other securities are marketed to the general public if they are—
- (a) listed on a recognised stock exchange,
- (b) listed on a designated exchange in a country outside the United Kingdom, or
- (c) dealt in on the Unlisted Securities Market or dealt in outside the United Kingdom by such means as may be designated.
- (4) In sub-paragraph (3) above “*designated*” means designated by an order made by the Board for the purposes of that sub-paragraph; and an order made for the purposes of paragraph (b) of that sub-paragraph may designate an exchange by name, or by reference to any class or description of exchanges, including a class or description framed by reference to any authority or approval given in a country outside the United Kingdom.
- (5) Section 828(1) does not apply to an order made for the purposes of sub-paragraph (3) above.
- (6) Where a company any shares in or securities of which are included in the qualifying holdings of the trust company ceases at any time while the trust company is approved as a venture capital trust to be an unquoted company, the requirements of this paragraph shall be deemed, in relation to shares or securities acquired by the trust company before that time, to continue to be satisfied for a period of five years after that time.
### Requirements as to company’s business
##### 3
- (1) The requirements of this paragraph are as follows.
- (2) The relevant company must be one of the following, that is to say—
- (a) a company which exists wholly for the purpose of carrying on one or more qualifying trades or which so exists apart from purposes capable of having no significant effect (other than in relation to incidental matters) on the extent of the company’s activities; or
- (aa) the parent company of a trading group.
- (3) Subject to sub-paragraph (4) below, when the relevant holding was issued and at all times since, a qualifying company (whether or not the same such company at every such time) must have been either—
- (a) carrying on a qualifying trade wholly or mainly in the United Kingdom; or
- (b) preparing to carry on a qualifying trade which at the time when the relevant holding was issued was intended to be carried on wholly or mainly in the United Kingdom by a qualifying company,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The requirements of sub-paragraph (3) above shall not be capable of being satisfied by virtue of paragraph (b) of that sub-paragraph at any time after the end of the period of two years beginning with the issue of the relevant holding unless—
- (a) the intended trade was begun to be carried on by a qualifying company before the end of that period, and
- (b) at all times since the end of that period, a qualifying company (whether or not the same such company at every such time) has been carrying on a qualifying trade wholly or mainly in the United Kingdom.
- (5) The requirements of that sub-paragraph shall also be incapable of being so satisfied at any time after the abandonment, within the period mentioned in sub-paragraph (4) above, of the intention in question.
- (5A) In sub-paragraphs (3) and (4) above, “*qualifying company*” means the relevant company or any relevant qualifying subsidiary of that company.
- (5B) In determining for the purposes of sub-paragraph (4)(a) above when the intended trade was begun to be carried on by a qualifying company which is a relevant qualifying subsidiary of the relevant company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary of the relevant company.
- (6) For the purposes of this paragraph a company is the parent company of a trading group if—
- (a) it has one or more subsidiaries;
- (b) each of its subsidiaries is a qualifying subsidiary of the company; and
- (c) the requirements of sub-paragraph (7) below are fulfilled by what would be the business of the company and its qualifying subsidiaries if all the activities, taken together, of the company and its qualifying subsidiaries were regarded as one business.
- (7) A business fulfils the requirements of this sub-paragraph if neither the business nor a substantial part of it consists in, or in either of, the following, that is to say—
- (a) activities falling within paragraph 4(2)(a) to (f) below but not within sub-paragraph (8) below; and
- (b) activities carried on otherwise than in the course of a trade.
- (8) The activities falling within this sub-paragraph are—
- (a) the receiving of royalties or licence fees in circumstances where the requirement mentioned in paragraph 4(5) below is satisfied in relation to the company receiving them;
- (b) the letting of ships, other than offshore installations or pleasure craft, on charter in circumstances where the requirements mentioned in paragraphs (a) to (d) of paragraph 4(7) below are satisfied in relation to the company so letting them.
- (9) Activities of a company or of any of its qualifying subsidiaries shall be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the holding of shares in or securities of, or the making of loans to, one or more of the company’s qualifying subsidiaries; or
- (b) the holding and managing of property used by the company or any of its qualifying subsidiaries for the purposes of—
- (i) research and development from which it is intended that a qualifying trade to be carried on by the company or any of its qualifying subsidiaries will be derived; or
- (ii) one or more qualifying trades so carried on.
- (10) Activities of a qualifying subsidiary of a company shall also be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the making of loans to the company; or
- (b) in the case of a mainly trading subsidiary, activities carried on in pursuance of its insignificant purposes (within the meaning given by sub-paragraph (11) below).
- (11) In sub-paragraph (10) above “*mainly trading subsidiary*” means a qualifying subsidiary which, apart from purposes (“*its insignificant purposes*”) which are capable of having no significant effect (other than in relation to incidental matters) on the extent of its activities, exists wholly for the purpose of carrying on one or more qualifying trades.
### Meaning of “qualifying trade”
##### 4
- (1) For the purposes of this Schedule—
- (a) a trade is a qualifying trade if it is a trade complying with this paragraph; and
- (b) the carrying on of any activities of research and development from which it is intended that there will be derived a trade that—
- (i) will comply with this paragraph, and
- (ii) will be carried on wholly or mainly in the United Kingdom,
shall be treated as the carrying on of a qualifying trade.
- (2) Subject to sub-paragraphs (3) to (9) below, a trade complies with this paragraph if neither that trade nor a substantial part of it consists in one or more of the following activities, that is to say—
- (a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;
- (b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
- (c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
- (d) leasing (including letting ships on charter or other assets on hire) or receiving royalties or licence fees;
- (e) providing legal or accountancy services;
- (ea) property development;
- (eb) farming or market gardening;
- (ec) holding, managing or occupying woodlands, any other forestry activities or timber production;
- (ed) operating or managing hotels or comparable establishments, or managing property used as an hotel or comparable establishment;
- (ee) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home;
- (f) providing services or facilities for any such trade carried on by another person (not being a company of which the company providing the services or facilities is a subsidiary) as—
- (i) consists, to a substantial extent, in activities within any of paragraphs (a) to (ee) above; and
- (ii) is a trade in which a controlling interest is held by a person who also has a controlling interest in the trade carried on by the company providing the services or facilities.
- (3) For the purposes of sub-paragraph (2)(b) above—
- (a) a trade of wholesale distribution is one in which the goods are offered for sale and sold to persons for resale by them, or for processing and resale by them, to members of the general public for their use or consumption;
- (b) a trade of retail distribution is one in which the goods are offered for sale and sold to members of the general public for their use or consumption; and
- (c) a trade is not an ordinary trade of wholesale or retail distribution if—
- (i) it consists, to a substantial extent, in dealing in goods of a kind which are collected or held as an investment, or in that activity and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above, taken together; and
- (ii) a substantial proportion of those goods are held by the company for a period which is significantly longer than the period for which a vendor would reasonably be expected to hold them while endeavouring to dispose of them at their market value.
- (3A) For the purposes of this Schedule the activities of a person shall not be taken to fall within paragraph (ed) or (ee) of sub-paragraph (2) above except where that person has an estate or interest in, or is in occupation of, the hotels or comparable establishments or, as the case may be, the nursing homes or residential care homes.
- (4) In determining for the purposes of this paragraph whether a trade carried on by any person is an ordinary trade of wholesale or retail distribution, regard shall be had to the extent to which it has the following features, that is to say—
- (a) the goods are bought by that person in quantities larger than those in which he sells them;
- (b) the goods are bought and sold by that person in different markets;
- (c) that person employs staff and incurs expenses in the trade in addition to the cost of the goods and, in the case of a trade carried on by a company, to any remuneration paid to any person connected with it;
- (d) there are purchases or sales from or to persons who are connected with that person;
- (e) purchases are matched with forward sales or vice versa;
- (f) the goods are held by that person for longer than is normal for goods of the kind in question;
- (g) the trade is carried on otherwise than at a place or places commonly used for wholesale or retail trade;
- (h) that person does not take physical possession of the goods;
and for the purposes of this sub-paragraph the features specified in paragraphs (a) to (c) above shall be regarded as indications that the trade is such an ordinary trade and those in paragraphs (d) to (h) above shall be regarded as indications of the contrary.
- (5) A trade shall not be treated as failing to comply with this paragraph by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.
- (6) For this purpose an intangible asset is a “*relevant intangible asset*” if the whole or greater part (in terms of value) of it has been created—
- (a) by the company carrying on the trade, or
- (b) by a company which at all times during which it created the intangible asset was—
- (i) the parent company of the company carrying on the trade, or
- (ii) a qualifying subsidiary of that parent company.
- (6A) In the case of a relevant asset that is intellectual property, references in sub-paragraph (6) above to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).
- (6B) For the purposes of sub-paragraphs (5) to (6A) above “*intangible asset*” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6C) For the purposes of sub-paragraph (6) above
- (a) “*parent company*” means a company that—
- (i) has one or more 51% subsidiaries, but
- (ii) is not itself a 51% subsidiary of another company; and
- (b) paragraph 10 below (meaning of “*qualifying subsidiary*”) shall apply as if the references in that paragraph to the relevant company were references to the parent company referred to in sub-paragraph (6)(b) above.
- (6D) For the purposes of sub-paragraph (6A) above “*intellectual property*” means—
- (a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and
- (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a) above.
- (7) A trade shall not be treated as failing to comply with this paragraph by reason only of its consisting in letting ships, other than offshore installations or pleasure craft, on charter if—
- (a) every ship let on charter by the company carrying on the trade is beneficially owned by the company;
- (b) every ship beneficially owned by the company is registered in the United Kingdom;
- (c) the company is solely responsible for arranging the marketing of the services of its ships; and
- (d) the conditions mentioned in sub-paragraph (8) below are satisfied in relation to every letting of a ship on charter by the company;
but where any of the requirements mentioned in paragraphs (a) to (d) above are not satisfied in relation to any lettings, the trade shall not thereby be treated as failing to comply with this paragraph if those lettings and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above do not, when taken together, amount to a substantial part of the trade.
- (8) The conditions are that—
- (a) the letting is for a period not exceeding 12 months and no provision is made at any time (whether in the charterparty or otherwise) for extending it beyond that period otherwise than at the option of the charterer;
- (b) during the period of the letting there is no provision in force (whether by virtue of being contained in the charterparty or otherwise) for the grant of a new letting to end, otherwise than at the option of the charterer, more than 12 months after that provision is made;
- (c) the letting is by way of a bargain made at arm’s length between the company and a person who is not connected with it;
- (d) under the terms of the charter the company is responsible as principal—
- (i) for taking, throughout the period of the charter, management decisions in relation to the ship, other than those of a kind generally regarded by persons engaged in trade of the kind in question as matters of husbandry; and
- (ii) for defraying all expenses in connection with the ship throughout that period, or substantially all such expenses, other than those directly incidental to a particular voyage or to the employment of the ship during that period;
and
- (e) no arrangements exist by virtue of which a person other than the company may be appointed to be responsible for the matters mentioned in paragraph (d) above on behalf of the company;
but this sub-paragraph shall have effect, in relation to any letting between one company and another where one of those companies is the relevant company and the other is a qualifying subsidiary of that company, or where both companies are qualifying subsidiaries of the relevant company, as if paragraph (c) were omitted.
- (9) A trade shall not comply with this paragraph unless it is conducted on a commercial basis and with a view to the realisation of profits.
### Provisions supplemental to paragraph 4
##### 5
- (1) In paragraph 4 above—
- “*film*” means an original master negative of a film, an original master film disc or an original master film tape;
- “*nursing home*” means any establishment which exists wholly or mainly for the provision of nursing care for persons suffering from sickness, injury or infirmity or for women who are pregnant or have given birth to children;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*pleasure craft*” means any ship of a kind primarily used for sport or recreation;
- “*property development*” means the development of land—by a company which has, or at any time has had, an interest in the land, andwith the sole or main object of realising a gain from the disposal of an interest in the land when it is developed;
- “*research and development*” has the meaning given by section 837A;
- “*residential care home*” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care by reason of old age, mental or physical disabilities, past or present dependence on alcohol or drugs or any past illnesses or past or present mental disorders; and
- “*sound recording*”, in relation to a film, means its sound track, original master audio disc or original master audio tape.
- (2) For the purposes of paragraph 4 above, in the case of a trade carried on by a company, a person has a controlling interest in that trade if—
- (a) he controls the company;
- (b) the company is a close company and he or an associate of his, being a director of the company, either—
- (i) is the beneficial owner of more than 30 per cent. of the ordinary share capital of the company, or
- (ii) is able, directly or through the medium of other companies or by any other indirect means, to control more than 30 per cent. of that share capital;
or
- (c) not less than half of the trade could, in accordance with section 344(2), be regarded as belonging to him for the purposes of section 343;
and, in any other case, a person has a controlling interest in a trade if he is entitled to not less than half of the assets used for, or of the income arising from, the trade.
- (3) For the purposes of sub-paragraph (2) above there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (4) References in paragraph 4 above or this paragraph to a trade, except the references in paragraph 4(2)(f) to the trade for which services or facilities are provided, shall be construed without reference to so much of the definition of trade in section 832(1) as relates to adventures or concerns in the nature of trade; and those references in paragraph 4(2)(f) above to a trade shall have effect, in relation to cases in which what is carried on is carried on by a person other than a company, as including references to any business, profession or vocation.
- (5) In this paragraph—
- “*associate*” has the meaning given in subsections (3) and (4) of section 417, except that in those subsections, as applied for the purposes of this paragraph, “*relative*” shall not include a brother or sister; and
- “*director*” shall be construed in accordance with subsection (5) of that section;
- “*interest in land*” means (subject to sub-paragraph (6) below)—any estate, interest or right in or over land, including any right affecting the use or disposition of land; orany right to obtain such an estate, interest or right from another which is conditional on the other’s ability to grant the estate, interest or right.
- (6) References in paragraph 4 above, in relation to an hotel, to a comparable establishment are references to a guest house, hostel or other establishment the main purpose of maintaining which is the provision of facilities for overnight accommodation (whether with or without catering services).
- (7) References in this paragraph to an interest in land do not include references to—
- (a) the interest of a creditor (other than a creditor in respect of a rentcharge) whose debt is secured by way of mortgage, an agreement for a mortgage or a charge of any kind over land; or
- (b) in the case of land in Scotland, the interest of a creditor in a charge or security of any kind over land.
### Meaning of “relevant qualifying subsidiary”
##### 5A
- (1) For the purposes of this Schedule, a company (“the subsidiary”) is a relevant qualifying subsidiary of the relevant company at any time when it falls within sub-paragraph (2) below.
- (2) The subsidiary falls within this sub-paragraph if—
- (a) the relevant company possesses not less than 90 per cent. of the issued share capital of, and not less than 90 per cent. of the voting power in, the subsidiary;
- (b) the relevant company would—
- (i) in the event of a winding up of the subsidiary, or
- (ii) in any other circumstances,
be beneficially entitled to receive not less than 90 per cent. of the assets of the subsidiary which would then be available for distribution to the equity holders of the subsidiary;
- (c) the relevant company is beneficially entitled to not less than 90 per cent. of any profits of the subsidiary which are available for distribution to the equity holders of the subsidiary;
- (d) no person other than the relevant company has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which any of the conditions in paragraphs (a) to (d) above would cease to be met.
- (3) Sub-paragraphs (4) to (4C) and (5) of paragraph 10 below apply in relation to sub-paragraph (2) of this paragraph as they apply in relation to sub-paragraph (3) of that paragraph, but with the following modification.
- (4) That modification is that sub-paragraph (5) of that paragraph is to be read as if the words “or (as the case may be) by another subsidiary of that company” were omitted.
- (5) For the purposes of this paragraph—
- (a) the persons who are equity holders of the subsidiary, and
- (b) the percentage of the assets of the subsidiary to which an equity holder would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18.
- (6) But in making that determination—
- (a) references in paragraph 3 of that Schedule to the first company are to be read as references to an equity holder, and
- (b) references in that paragraph to a winding up are to be read as including references to any other circumstances in which assets of the subsidiary are available for distribution to its equity holders.
### Requirements as to the money raised by the investment in question
##### 6
- (1) The requirements of this paragraph are that either—
- (a) at least 80% of the money raised by the issue of the relevant holding must—
- (i) have been employed wholly for the purposes of the trade by reference to which the requirements of paragraph 3(3) above are satisfied; or
- (ii) be money which is intended to be employed wholly for the purposes of that trade; or
- (b) all of the money so raised must have been employed as mentioned in paragraph (a)(i) above.
- (2) For the purposes of this Schedule—
- (a) the requirements of sub-paragraph (1) above shall not be capable of being satisfied by virtue of paragraph (a)(ii) of that sub-paragraph at any time after 12 months have expired from the trading time, and
- (b) the requirements of that sub-paragraph shall not be capable of being satisfied by virtue of paragraph (a)(i) of that sub-paragraph at any time after 24 months have expired from the trading time.
- (2AA) In sub-paragraph (2) above, “*the trading time*” means whichever is applicable of the following—
- (a) in a case where the requirements of sub-paragraph (3) of paragraph 3 above were satisfied in relation to the time when the relevant holding was issued by virtue of paragraph (a) of that sub-paragraph, that time; and
- (b) in a case where they were satisfied in relation to that time by virtue of paragraph (b) of that sub-paragraph, the time when the condition in paragraph 3(4)(a) above was satisfied.
- (2AB) The requirements of this paragraph are not satisfied if either of the following, namely—
- (a) the trade by reference to which the requirements of paragraph 3(3) above are satisfied, and
- (b) any preparations for that trade falling within paragraph 3(3)(b) above,
are carried on, at any time after the issue of the relevant holding, by a person other than the relevant company or a relevant qualifying subsidiary of that company.
- (2AC) Sub-paragraph (2AD) below applies where preparations mentioned in sub-paragraph (2AB)(b) above are carried on by the relevant company or a relevant qualifying subsidiary of that company at any time after the issue of the relevant holding.
- (2AD) Where this sub-paragraph applies, the requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above by a person other than—
- (a) the relevant company, or
- (b) a qualifying subsidiary of that company,
at any time after the issue of the relevant holding but before the relevant company or any relevant qualifying subsidiary of that company carries on that trade.
- (2AE) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above—
- (a) by the partners in a partnership of which the relevant company, or a relevant qualifying subsidiary of that company, is a member, or
- (b) by the parties to a joint venture to which the relevant company, or a relevant qualifying subsidiary of that company, is a party.
- (2AF) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied if—
- (a) by reason only of anything done as a consequence of the relevant company or any other company being in administration or receivership, or
- (b) by reason only of the relevant company or any other company being wound up or dissolved without winding up,
the trade mentioned in sub-paragraph (2AB)(a) above ceases to be carried on by the relevant company or a relevant qualifying subsidiary of that company and is subsequently carried on by a person who has not been connected, at any time after the date which is one year before the issue of the relevant holding, with the relevant company.
- (2AG) Sub-paragraph (2AF) above applies only if (as the case may be)—
- (a) the entry into administration or receivership and everything done as a consequence of the company concerned being in administration or receivership, or
- (b) the winding up or dissolution,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (2AH) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (2AF) and (2AG) above as it applies for the purpose of that paragraph.
- (3) For the purposes of this paragraph money shall not be treated as employed otherwise than wholly for the purposes of a trade if the only amount employed for other purposes is an amount which is not a significant amount; and nothing in paragraph 1(3) above shall require any money whose use is disregarded by virtue of this sub-paragraph to be treated as raised by a different holding.
- (4) References in this paragraph to employing money for the purposes of a trade shall include references to employing it for the purpose of preparing for the carrying on of the trade.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement imposing a maximum on qualifying investments in the relevant company
##### 7
- (1) The requirement of this paragraph is that the relevant holding did not, when it was issued, represent an investment in excess of the maximum qualifying investment for the relevant period.
- (2) Subject to sub-paragraph (4) below, the maximum qualifying investment for any period is exceeded to the extent that the aggregate amount of money raised in that period by the issue to the trust company during that period of shares in or securities of the relevant company exceeds £1 million.
- (3) Any question for the purposes of this paragraph as to whether any shares in or securities of the relevant company which are for the time being held by the trust company represent an investment in excess of the maximum qualifying investment for any period shall be determined on the assumption, in relation to disposals by the trust company, that, as between shares or securities of the same description, those representing the whole or any part of the excess are disposed of before those which do not.
- (4) Where—
- (a) at the time of the issue of the relevant holding the relevant company or any of its qualifying subsidiaries was a member of a partnership or a party to a joint venture,
- (b) the trade by virtue of which the requirements of paragraph 3(3) above are satisfied was at that time being carried on, or to be carried on, by those partners in partnership or by the parties to the joint venture as such, and
- (c) the other partners or parties to the joint venture include at least one other company,
this paragraph shall have effect in relation to the relevant company as if the sum of money for the time being specified in sub-paragraph (2) above were to be divided by the number of companies (including the relevant company) which, at the time when the relevant holding was issued, were members of the partnership or, as the case may be, parties to the joint venture.
- (5) For the purposes of this paragraph the relevant period is the period beginning with whichever is the earlier of—
- (a) the time six months before the issue of the relevant holding; and
- (b) the beginning of the year of assessment in which the issue of that holding took place.
### Requirement as to the assets of the relevant company
##### 8
- (1) The requirement of this paragraph is that the value of the relevant assets—
- (a) did not exceed £7 million immediately before the issue of the relevant holding; and
- (b) did not exceed £8 million immediately afterwards.
- (2) Subject to sub-paragraph (3) below, the reference in sub-paragraph (1) above to the value of the relevant assets is a reference—
- (a) in relation to a time when the relevant company did not have any qualifying subsidiaries, to the value of the gross assets of that company at that time; and
- (b) in relation to any other time, to the aggregate value at that time of the gross assets of all the companies in the relevant company’s group.
- (3) For the purposes of this paragraph assets of any member of the relevant company’s group that consist in rights against, or in shares in or securities of, another member of the group shall be disregarded.
- (4) In this paragraph references, in relation to any time, to the relevant company’s group are references to the relevant company and its qualifying subsidiaries at that time.
### Requirements as to the subsidiaries etc. of the relevant company
##### 9
- (1) The requirements of this paragraph are that . . . the relevant company must not be—
- (a) a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
- (b) a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying subsidiary”
##### 10
- (1) Subject to the following provisions of this paragraph, a company is a qualifying subsidiary of the relevant company for the purposes of this Schedule if—
- (a) the company in question (“the subsidiary”), and
- (b) where the relevant company has more than one subsidiary, every other subsidiary of the relevant company,
is a company falling within sub-paragraph (3) below.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The subsidiary falls within this sub-paragraph if—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ca) the subsidiary is a 51 per cent. subsidiary of the relevant company;
- (d) no person other than the relevant company or another of its subsidiaries has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which either of the conditions in paragraphs (ca) and (d) above would cease to be met.
- (4) The subsidiary shall not be regarded, at a time when it or any other company is being wound up, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . —
- (a) . . . it would fall within that sub-paragraph apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (4A) Sub-paragraph (4B) below applies at a time when the subsidiary or any other company is in administration or receivership.
- (4B) The subsidiary shall not be regarded, by reason only of anything done as a consequence of the company concerned being in administration or receivership, as having ceased to be a company falling within sub-paragraph (3) above if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (4C) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (4A) and (4B) above as it applies for the purpose of that paragraph.
- (5) The subsidiary shall not be regarded, at any time when arrangements are in existence for the disposal by the relevant company, or (as the case may be) by another subsidiary of that company, of all its interest in the subsidiary in question, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . the disposal is to be for bona fide commercial reasons and is not to be part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement as to property managing subsidiaries
##### 10ZA
- (1) The requirement of this paragraph is that the relevant company must not have a property managing subsidiary which is not a relevant qualifying subsidiary of the relevant company.
- (2) “*Property managing subsidiary*” means a qualifying subsidiary of the relevant company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
- (3) In sub-paragraph (2) above, “*land*” and “*property deriving its value from land*” have the same meaning as in section 776.
### Requirement that securities should not relate to a guaranteed loan
##### 10A
- (1) The requirement of this paragraph is that there are no securities relating to a guaranteed loan in the relevant holding.
- (2) For the purposes of this paragraph a security relates to a guaranteed loan if (and only if) there are arrangements for the trust company to be or become entitled, in the event of a failure by any person to comply with—
- (a) the terms of the loan to which the security relates, or
- (b) the terms of the security,
to receive anything (whether directly or indirectly) from a third party.
- (3) For the purposes of sub-paragraph (2) above it shall be immaterial whether the arrangements apply in all cases of a failure to comply or only in certain such cases.
- (4) For the purposes of this paragraph “*third party*” means any person except—
- (a) the relevant company; and
- (b) if the relevant company is the parent company of a trading group for the purposes of paragraph 3 above, the subsidiaries of the relevant company.
### Requirement that a proportion of the holding in each company must be eligible shares
##### 10B
- (1) The requirement of this paragraph is that eligible shares represent at least 10 per cent. by value of the totality of the shares in or securities of the relevant company (including the relevant holding) which are held by the trust company.
- (2) For the purposes of this paragraph the value at any time of any shares in or securities of a company shall be taken (subject to sub-paragraph (4) below) to be their value immediately after—
- (a) any relevant event occurring at that time; or
- (b) where no relevant event occurs at that time, the last relevant event to occur before that time.
- (3) In sub-paragraph (2) above “*relevant event*”, in relation to any shares in or securities of the relevant company, means—
- (a) the acquisition by the trust company of those shares or securities;
- (b) the acquisition by the trust company of any other shares in or securities of the relevant company which—
- (i) are of the same description as those shares or securities, and
- (ii) are acquired otherwise than by virtue of being allotted to the trust company without that company’s becoming liable to give any consideration;
or
- (c) the making of any such payment in discharge, in whole or in part, of any obligation attached to any shares in or securities of the relevant company held by the trust company as (by discharging that obligation) increases the value of any such shares or securities.
- (4) If at any time the value of any shares or securities held by the trust company is less than the amount of the consideration given by the trust company for those shares or securities, it shall be assumed for the purposes of this paragraph that the value of those shares or securities at that time is equal to the amount of that consideration.
- (5) In this paragraph “*eligible shares*” has the same meaning as in section 842AA.
### Acquisitions for restructuring purposes
##### 10C
- (1) This paragraph applies where—
- (a) arrangements are made for a company (“*the new company*”) to acquire all the shares (“*old shares*”) in another company (“*the old company*”);
- (b) the acquisition provided for by the arrangements falls within sub-paragraph (2) below; and
- (c) the Board have, before any exchange of shares takes place under the arrangements, given an approval notification.
- (2) An acquisition of shares falls within this sub-paragraph if—
- (a) the consideration for the old shares consists wholly of the issue of shares (“*new shares*”) in the new company;
- (b) new shares are issued in consideration of old shares only at times when there are no issued shares in the new company other than subscriber shares and new shares previously issued in consideration of old shares;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description; and
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of, and in proportion to, their holdings.
- (3) For the purposes of sub-paragraph (1)(c) above an approval notification is one which, on an application by either the old company or the new company, is given to the applicant company and states that the Board are satisfied that the exchange of shares under the arrangements—
- (a) will be effected for bona fide commercial reasons; and
- (b) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (4) If the requirements of paragraph 3 above were satisfied in relation to the old company and any old shares immediately before the beginning of the period for giving effect to the arrangements, then (to the extent that it would not otherwise be the case) those requirements shall be deemed to be satisfied in relation to the new company and the matching new shares at all times which—
- (a) fall in that period; and
- (b) do not fall after a time when (apart from the arrangements) those requirements would have ceased by virtue of—
- (i) sub-paragraph (4) or (5) of that paragraph, or
- (ii) any cessation of a trade by any company,
to be satisfied in relation to the old company and the matching old shares.
- (5) For the purposes of paragraph 3 above the period of two years mentioned in sub-paragraph (4) of that paragraph shall be deemed, in the case of any new shares, to expire at the same time as it would have expired (or by virtue of this sub-paragraph would have been deemed to expire) in the case of the matching old shares.
- (6) Subject to sub-paragraph (7) below, where—
- (a) there is an exchange under the arrangements of any new shares for any old shares, and
- (b) those old shares are shares in relation to which the requirements of paragraphs 6 and 8 above were (or were deemed to be) satisfied to any extent immediately before the exchange,
those requirements shall be deemed, at all times after that time, to be satisfied to the same extent in relation to the matching new shares.
- (7) Where there is a time following any exchange under the arrangements of any new shares for any old shares when (apart from the arrangements) the requirements of paragraph 6 above would have ceased under—
- (a) sub-paragraph (2) of that paragraph, or
- (b) this sub-paragraph,
to be satisfied in relation to those old shares, those requirements shall cease at that time to be satisfied in relation to the matching new shares.
- (8) For the purposes of paragraph 7 above any new shares acquired under the arrangements shall be deemed to represent an investment which—
- (a) raised the same amount of money as was raised (or, by virtue of this sub-paragraph, is deemed to have been raised) by the issue of the matching old shares, and
- (b) raised that amount by an issue of shares in the new company made at the time when the issue of the matching old shares took place (or, as the case may be, is deemed to have taken place).
- (9) In determining whether the requirements of paragraph 9 above are satisfied in relation to the old company or the new company at a time in the period for giving effect to the arrangements, both—
- (a) the arrangements themselves, and
- (b) any exchange of new shares for old shares that has already taken place under the arrangements,
shall be disregarded.
- (10) For the purposes of paragraph 10B above the value of the new shares, both immediately after the time of their acquisition and immediately after the time of any subsequent relevant event occurring by virtue of the arrangements, shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the old shares for which they are exchanged.
- (11) Nothing in this paragraph shall deem any of the requirements of this Schedule to be satisfied in relation to any new shares unless the matching old shares were first issued to the trust company and have been held by that company from the time when they were issued until they are acquired by the new company.
- (12) References in this paragraph to the period for giving effect to the arrangements are references to the period which—
- (a) begins with the time when those arrangements first came into existence; and
- (b) ends with the time when the new company completes its acquisition under the arrangements of all the old shares.
- (13) If, at any time after the arrangements first came into existence and before the new company has acquired all the old shares, the arrangements—
- (a) cease to be arrangements for the acquisition of all the old shares by the new company, or
- (b) cease to be arrangements for an acquisition falling within sub-paragraph (2) above,
this paragraph shall not deem any requirement of this Schedule to be satisfied, and sub-paragraph (10) above shall not apply, in the case of any new shares at any time after the arrangements have so ceased.
- (14) Subject to sub-paragraph (15) below, references in this paragraph, except in the expression “subscriber shares”, to shares in a company include references to any securities of that company.
- (15) For the purposes of this paragraph, a relevant security of the old company shall not be treated as a security of that company if—
- (a) the arrangements do not provide for the acquisition of the security by the new company; or
- (b) such treatment prevents sub-paragraph (1)(b) above from being satisfied in connection with the arrangements.
- (16) In sub-paragraph (15) above “*relevant security*” means an instrument which is a security for the purposes of this Schedule by reason only of section 842AA(12).
- (17) For the purposes of this paragraph—
- (a) old shares and new shares are of a corresponding description if, were they shares in the same company, they would be of the same description; and
- (b) old shares and new shares are matching shares in relation to each other if the old shares are the shares for which those new shares are exchanged under the arrangements.
### Conversion of convertible shares and securities
##### 10D
- (1) This paragraph applies where—
- (a) shares have been issued to the trust company by virtue of the exercise by that company of any right of conversion attached to other shares, or securities, held by that company (“*the convertibles*”);
- (b) the shares so issued are in the same company as the convertibles to which the right was attached;
- (c) the convertibles to which the right was attached were first issued to the trust company and were held by that company from the time they were issued until converted; and
- (d) the right was attached to the convertibles when they were first so issued and was not varied before it was exercised.
- (2) Sub-paragraphs (5) to (8) of paragraph 10C above shall apply in relation to the exchange of convertibles for shares by virtue of the exercise of the right of conversion as if—
- (a) that exchange were an exchange under any such arrangements as are mentioned in that paragraph of new shares for old shares; and
- (b) the references in those sub-paragraphs and sub-paragraph (17)(b) of that paragraph to the arrangements were references to the provision conferring the right of conversion.
- (3) For the purposes of paragraph 10B above the value of the new shares immediately after the time of their acquisition by the trust company shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the convertibles for which they are exchanged.
### Winding up of the relevant company
##### 11
None of the requirements of this Schedule shall be regarded, at a time when the relevant company is being wound up, as being, on that account, a requirement that is not satisfied in relation to that company if . . . —
- (a) . . . the requirements of this Schedule would be satisfied in relation to that company apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
### Company in administration or receivership
##### 11A
- (1) A company which is in administration or receivership shall not be regarded as ceasing to comply with paragraph 3(2) or (3) by reason only of anything done as a consequence of its being in administration or receivership.
- (2) For this purpose—
- (a) a company is “in administration” if it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986, or there is in force in relation to it—
- (i) an administration order under Part III of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom; and
- (b) a company is “in receivership" if there is in force in relation to it—
- (i) an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter I or II of Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom.
- (3) This paragraph applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
### Company reorganisations etc. involving exchange of shares
##### 11B
- (1) The Treasury may by regulations make provision for cases where—
- (a) a holding of shares or securities that meets the requirements of this Schedule is exchanged for other shares or securities,
- (b) the exchange is made for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax, and
- (c) the new shares or securities do not meet some or all of the requirements of this Schedule,
providing that the new shares or securities shall be treated as meeting those requirements.
- (2) The references in sub-paragraph (1) to an exchange of shares or securities include any form of company reorganisation or other arrangement which involves a holder of shares or securities in a company receiving other shares or securities—
- (a) whether the original shares or securities are transferred, cancelled or retained, and
- (b) whether the new shares or securities are in the same or another company.
- (3) The regulations shall specify—
- (a) the cases in which, and conditions subject to which, they apply,
- (b) which requirements of this Schedule are to be treated as met, and
- (c) the period for which those requirements are to be treated as met.
- (4) The regulations may contain such administrative provisions (including provision for advance clearances) as appear to the Treasury to be necessary or expedient.
- (5) The regulations may authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by the regulations are met.
- (6) Regulations under this paragraph—
- (a) may make different provision for different cases,
- (b) may include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate, and
- (c) may include provision having retrospective effect.
### Power to amend Schedule
##### 12
The Treasury may by order amend this Schedule for any or all of the following purposes, that is to say—
- (a) to make such modifications of paragraphs 3 to 5 above as they may consider expedient;
- (b) to substitute different sums for the sums of money for the time being specified in paragraphs 7(2) and 8(1) above.
### General interpretation
##### 13
- (1) Subject to paragraph 10C(15) above, in this Schedule—
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985; and
- “*securities*” has the same meaning as in section 842AA;
and references in this Schedule to the issue of any securities, in relation to any security consisting in a liability in respect of an unsecured loan, shall have effect as references to the making of the loan.
- (2) For the purposes of paragraphs 5(2) and 9 above, the question whether a person controls a company shall be determined in accordance with subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) below.
- (3) The modification is that, in determining whether a person controls a company, there shall be disregarded—
- (a) his or any other person’s possession of, or entitlement to acquire, relevant fixed-rate preference shares of the company; and
- (b) his or any other person’s possession of, or entitlement to acquire, rights as a loan creditor of the company.
- (4) Section 839 shall apply for the purposes of this Schedule, but as if the reference in subsection (8) to section 416 were a reference to subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) above.
- (5) For the purposes of sub-paragraph (3) above—
- (a) relevant fixed-rate preference shares are fixed-rate preference shares that do not for the time being carry voting rights; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) In this paragraph “*fixed-rate preference shares*” means shares which—
- (a) were issued wholly for new consideration;
- (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities; and
- (c) do not carry any right to dividends other than dividends which—
- (i) are of a fixed amount or at a fixed rate per cent. of the nominal value of the shares, and
- (ii) together with any sum paid on redemption, represent no more than a reasonable commercial return on the consideration for which the shares were issued;
and in paragraph (a) above “*new consideration*” has the meaning given by section 254.
##### 18A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Editorial notes
[^c21566881]: **EDITORIAL NOTE** The originating text of this Act is derived from the 1990 edition of The Taxes Acts edited by the Inland Revenue and published by Her Majesty's Stationery Office. The style of editing followed in older versions of the revised text may therefore differ from that applicable to most other Acts published in the online edition of the revised statutes. Any references in older footnote annotations to Vol. 1, 2 etc. are to the Volumes of that 1990 edition. References to Acts in sidenotes and footnote annotations may be abbreviated. The main abbreviations used are listed below. Where a reference to an Act consists of the year, or the year and a series number (such as "1975", or "1975 (No. 2)", etc.), without any following letter(s) in parentheses, the reference is in most cases to the Finance Act, or Finance (No. 2) Act, etc., of that year. Exceptions to this are 1952, 1970, and 1988 (as to which see the list below). **ABBREVIATIONS USED IN SIDENOTES AND FOOTNOTES** 1828 (R.S.) = [Revenue Solicitors Act 1828 (c. 25, SIF 57)](https://www.legislation.gov.uk/ukpga/1828/25) 1890 (I.R.R.) = [Inland Revenue Regulation Act 1890 (c. 21, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1890/21) 1952 = [Income Tax Act 1952 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1952/10) 1968 (C) = [Capital Allowances Act 1968 (c. 3)](https://www.legislation.gov.uk/ukpga/1968/3) 1970 (M) = [Taxes Management Act 1970 (c. 9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9) 1970 = [Income and Corporation Taxes Act 1970 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/10) 1970 (F) = [Finance Act 1970 (c. 24, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1970/24) 1970 (No.2) = [Income and Corporation Taxes (No.2) Act 1970 (c. 54)](https://www.legislation.gov.uk/ukpga/1970/54) 1975 (O) = [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22) (and similarly as respects subsequent years) 1976 (D) = [Development Land Tax Act 1976 (c. 24)](https://www.legislation.gov.uk/ukpga/1976/24) 1977 (I.T.R.) = [Finance (Income Tax Reliefs) Act 1977 (c. 53)](https://www.legislation.gov.uk/ukpga/1977/53) 1979 (C) = [Capital Gains Tax Act 1979 (c. 14, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1979/14) 1984 (C) = [Capital Transfer Tax Act 1984/Inheritance Tax Act 1984 (c. 51, SIF 65)](https://www.legislation.gov.uk/ukpga/1984/51) 1988 = [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1) 1988 (F) = [Finance Act 1988 (c. 39, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1988/39) 1990 (C) = [Capital Allowances Act 1990 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1) O.J. = Official Journal of the European Communities SIF = Statutes in Force, the official hard-copy predecessor to the online statutes (and any following numbers refer to the relevant volume)
[^c21566891]: General amendments, modifications, etc. to Tax Acts (or Income Tax Acts or Corporation Taxes Acts as the case may be): [Taxes Management Act 1970 (c.9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9), [s. 41A(7)](https://www.legislation.gov.uk/ukpga/1970/9/section/41A/7) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 95(1)(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/95/1/2)); [British Telecommunications Act 1981 (c.38, SIF 96)](https://www.legislation.gov.uk/ukpga/1981/38), [s. 82(2)(7)](https://www.legislation.gov.uk/ukpga/1981/38/section/82/2/7); [Telecommunications Act 1984 (c.12, SIF 96)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3); [Finance Act 1984 (c.43, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1984/43), [ss. 82(6)](https://www.legislation.gov.uk/ukpga/1984/43/section/82/6), [85(2)](https://www.legislation.gov.uk/ukpga/1984/43/section/85/2), [89(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/89/1/7), [96(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/96/1/7), [98(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/98/7), [Sch. 9 para. 3(2)(9)](https://www.legislation.gov.uk/ukpga/1984/43/schedule/9/paragraph/3/2/9), [Sch. 16 paras. 6](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/6), [12](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/12); [Finance Act 1985 (c.54, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1985/54), [ss. 72(1)](https://www.legislation.gov.uk/ukpga/1985/54/section/72/1), [74(5)](https://www.legislation.gov.uk/ukpga/1985/54/section/74/5), [Sch. 23 para. 15(4)](https://www.legislation.gov.uk/ukpga/1985/54/schedule/23/paragraph/15/4); [The Income Tax (Entertainers and Sportsmen) Regulations 1987 (S.I. 1987/530)](https://www.legislation.gov.uk/uksi/1987/530), [regs. 11(2)](https://www.legislation.gov.uk/uksi/1987/530/regulation/11/2), [13(1)](https://www.legislation.gov.uk/uksi/1987/530/regulation/13/1), [14](https://www.legislation.gov.uk/uksi/1987/530/regulation/14); [Income and Corporation Taxes Act 1988 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/section/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/section/7), [9](https://www.legislation.gov.uk/ukpga/1988/1/section/9), [32](https://www.legislation.gov.uk/ukpga/1988/1/section/32), [34](https://www.legislation.gov.uk/ukpga/1988/1/section/34), [78](https://www.legislation.gov.uk/ukpga/1988/1/section/78), [134](https://www.legislation.gov.uk/ukpga/1988/1/section/134), [135](https://www.legislation.gov.uk/ukpga/1988/1/section/135), [141](https://www.legislation.gov.uk/ukpga/1988/1/section/141), [142](https://www.legislation.gov.uk/ukpga/1988/1/section/142), [185](https://www.legislation.gov.uk/ukpga/1988/1/section/185), [191](https://www.legislation.gov.uk/ukpga/1988/1/section/191), [193](https://www.legislation.gov.uk/ukpga/1988/1/section/193), [194](https://www.legislation.gov.uk/ukpga/1988/1/section/194), [195](https://www.legislation.gov.uk/ukpga/1988/1/section/195), [200](https://www.legislation.gov.uk/ukpga/1988/1/section/200), [203](https://www.legislation.gov.uk/ukpga/1988/1/section/203), [209](https://www.legislation.gov.uk/ukpga/1988/1/section/209), [212](https://www.legislation.gov.uk/ukpga/1988/1/section/212), [213](https://www.legislation.gov.uk/ukpga/1988/1/section/213), [219](https://www.legislation.gov.uk/ukpga/1988/1/section/219), [247](https://www.legislation.gov.uk/ukpga/1988/1/section/247), [253](https://www.legislation.gov.uk/ukpga/1988/1/section/253), [272](https://www.legislation.gov.uk/ukpga/1988/1/section/272), [287](https://www.legislation.gov.uk/ukpga/1988/1/section/287), [314](https://www.legislation.gov.uk/ukpga/1988/1/section/314), [315](https://www.legislation.gov.uk/ukpga/1988/1/section/315), [317](https://www.legislation.gov.uk/ukpga/1988/1/section/317), [318](https://www.legislation.gov.uk/ukpga/1988/1/section/318), [325](https://www.legislation.gov.uk/ukpga/1988/1/section/325), [326](https://www.legislation.gov.uk/ukpga/1988/1/section/326), [327](https://www.legislation.gov.uk/ukpga/1988/1/section/327), [345](https://www.legislation.gov.uk/ukpga/1988/1/section/345), [350](https://www.legislation.gov.uk/ukpga/1988/1/section/350), [351](https://www.legislation.gov.uk/ukpga/1988/1/section/351), [368](https://www.legislation.gov.uk/ukpga/1988/1/section/368), [375](https://www.legislation.gov.uk/ukpga/1988/1/section/375), [381](https://www.legislation.gov.uk/ukpga/1988/1/section/381), [397](https://www.legislation.gov.uk/ukpga/1988/1/section/397), [414](https://www.legislation.gov.uk/ukpga/1988/1/section/414), [432](https://www.legislation.gov.uk/ukpga/1988/1/section/432), [440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [442](https://www.legislation.gov.uk/ukpga/1988/1/section/442), [446](https://www.legislation.gov.uk/ukpga/1988/1/section/446), [458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [460](https://www.legislation.gov.uk/ukpga/1988/1/section/460), [461](https://www.legislation.gov.uk/ukpga/1988/1/section/461), [463](https://www.legislation.gov.uk/ukpga/1988/1/section/463), [463(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/2/3) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 50(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/50/2)), [468](https://www.legislation.gov.uk/ukpga/1988/1/section/468), [474](https://www.legislation.gov.uk/ukpga/1988/1/section/474), [475](https://www.legislation.gov.uk/ukpga/1988/1/section/475), [486](https://www.legislation.gov.uk/ukpga/1988/1/section/486), [490](https://www.legislation.gov.uk/ukpga/1988/1/section/490), [491](https://www.legislation.gov.uk/ukpga/1988/1/section/491), [503](https://www.legislation.gov.uk/ukpga/1988/1/section/503), [511](https://www.legislation.gov.uk/ukpga/1988/1/section/511), [518](https://www.legislation.gov.uk/ukpga/1988/1/section/518), [524](https://www.legislation.gov.uk/ukpga/1988/1/section/524), [532](https://www.legislation.gov.uk/ukpga/1988/1/section/532), [544](https://www.legislation.gov.uk/ukpga/1988/1/section/544), [550](https://www.legislation.gov.uk/ukpga/1988/1/section/550), [556](https://www.legislation.gov.uk/ukpga/1988/1/section/556), [558](https://www.legislation.gov.uk/ukpga/1988/1/section/558), [569](https://www.legislation.gov.uk/ukpga/1988/1/section/569), [572](https://www.legislation.gov.uk/ukpga/1988/1/section/572), [582](https://www.legislation.gov.uk/ukpga/1988/1/section/582), [595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [601](https://www.legislation.gov.uk/ukpga/1988/1/section/601), [613](https://www.legislation.gov.uk/ukpga/1988/1/section/613), [617](https://www.legislation.gov.uk/ukpga/1988/1/section/617), [619](https://www.legislation.gov.uk/ukpga/1988/1/section/619), [621](https://www.legislation.gov.uk/ukpga/1988/1/section/621), [639](https://www.legislation.gov.uk/ukpga/1988/1/section/639), [656](https://www.legislation.gov.uk/ukpga/1988/1/section/656), [660](https://www.legislation.gov.uk/ukpga/1988/1/section/660), [663](https://www.legislation.gov.uk/ukpga/1988/1/section/663), [676](https://www.legislation.gov.uk/ukpga/1988/1/section/676), [689](https://www.legislation.gov.uk/ukpga/1988/1/section/689), [691](https://www.legislation.gov.uk/ukpga/1988/1/section/691), [694](https://www.legislation.gov.uk/ukpga/1988/1/section/694), [700](https://www.legislation.gov.uk/ukpga/1988/1/section/700), [701](https://www.legislation.gov.uk/ukpga/1988/1/section/701), [714](https://www.legislation.gov.uk/ukpga/1988/1/section/714), [716](https://www.legislation.gov.uk/ukpga/1988/1/section/716), [739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [743](https://www.legislation.gov.uk/ukpga/1988/1/section/743), [754](https://www.legislation.gov.uk/ukpga/1988/1/section/754), [763](https://www.legislation.gov.uk/ukpga/1988/1/section/763), [776](https://www.legislation.gov.uk/ukpga/1988/1/section/776), [780](https://www.legislation.gov.uk/ukpga/1988/1/section/780), [781](https://www.legislation.gov.uk/ukpga/1988/1/section/781), [782](https://www.legislation.gov.uk/ukpga/1988/1/section/782), [787](https://www.legislation.gov.uk/ukpga/1988/1/section/787), [789](https://www.legislation.gov.uk/ukpga/1988/1/section/789), [811](https://www.legislation.gov.uk/ukpga/1988/1/section/811), [828](https://www.legislation.gov.uk/ukpga/1988/1/section/828), [829](https://www.legislation.gov.uk/ukpga/1988/1/section/829), [832](https://www.legislation.gov.uk/ukpga/1988/1/section/832), [833](https://www.legislation.gov.uk/ukpga/1988/1/section/833), [834](https://www.legislation.gov.uk/ukpga/1988/1/section/834), [835](https://www.legislation.gov.uk/ukpga/1988/1/section/835), [837](https://www.legislation.gov.uk/ukpga/1988/1/section/837), [838](https://www.legislation.gov.uk/ukpga/1988/1/section/838), [839](https://www.legislation.gov.uk/ukpga/1988/1/section/839), [840](https://www.legislation.gov.uk/ukpga/1988/1/section/840), [841](https://www.legislation.gov.uk/ukpga/1988/1/section/841), [842](https://www.legislation.gov.uk/ukpga/1988/1/section/842), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2/paragraph/5), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5), [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10), [Sch. 16 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/10), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6), [Sch. 26 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1), [Sch. 27 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/20); [Finance Act 1988 (c.39, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 66](https://www.legislation.gov.uk/ukpga/1988/39/section/66), [127(1)(6)](https://www.legislation.gov.uk/ukpga/1988/39/section/127/1/6), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/39/schedule/12/paragraph/6); [Electricity Act 1989 (c. 29, SIF 44:1)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 90](https://www.legislation.gov.uk/ukpga/1989/29/section/90), [Sch. 11 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/8/2); [S.I. 1990/117](https://www.legislation.gov.uk/uksi/1990/117), [art. 3](https://www.legislation.gov.uk/uksi/1990/117/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/117/schedule/1); [Capital Allowances Act 1990 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/28/1), [68(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/68/8), [74](https://www.legislation.gov.uk/ukpga/1988/1/section/74), [82](https://www.legislation.gov.uk/ukpga/1988/1/section/82), [83(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/5), [148(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/148/5), [163(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/163/4), [164(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/164/2); [S.I. 1990/627](https://www.legislation.gov.uk/uksi/1990/627); [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 25(10)](https://www.legislation.gov.uk/ukpga/1990/29/section/25/10); [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) (having effect with respect to gifts made on or after 19.3.1991), s. 587A(2)(3) (with application as referred to in [Finance Act 1991 (c.31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5) (if the new securities are issued on or after 19.3.1991)), [s. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A), [Sch. 23A paras. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2), [4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4), [5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5/2), [7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1); [Ports Act 1991 (c. 52, SIF 58)](https://www.legislation.gov.uk/ukpga/1991/52), [s. 35(8)](https://www.legislation.gov.uk/ukpga/1991/52/section/35/8); [The Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000)](https://www.legislation.gov.uk/uksi/1991/2000), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/1/1), [4(5)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/4/5); [British Technology Group Act 1991 (c.66, SIF 64)](https://www.legislation.gov.uk/ukpga/1991/66), [s.12(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1991/66/section/12/1/3/4); [S.I. 1991/2721](https://www.legislation.gov.uk/uksi/1991/2721), [art.2](https://www.legislation.gov.uk/uksi/1991/2721/article/2); [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1 reg. 28](https://www.legislation.gov.uk/uksi/1979/591/schedule/1/regulation/28) (as substituted by [S.I. 1992/97](https://www.legislation.gov.uk/uksi/1992/97), [reg. 18](https://www.legislation.gov.uk/uksi/1992/97/regulation/18)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [ss. 16](https://www.legislation.gov.uk/ukpga/1992/4/section/16), [177(4)](https://www.legislation.gov.uk/ukpga/1992/4/section/177/4), [Sch.2](https://www.legislation.gov.uk/ukpga/1992/4/schedule/2) (with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1992/4/section/108/5)); [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 209(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/209/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) (with effect for the year 1992-93 and subsequent years of assessment); [The Lloyd's Underwriters (Tax) (1989-90) Regulations 1992 (S.I. 1992/511)](https://www.legislation.gov.uk/uksi/1992/511), [reg.3](https://www.legislation.gov.uk/uksi/1992/511/regulation/3) (with effect for the year of assessment 1989-90); [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 12 paras. 6(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/6/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7), [Sch. 17 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/9); [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [3(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/3/1) (with effect for the year of assessment 1990-91); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(3)-(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/3), [118(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/118/1), [146(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/146/2/3), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [175](https://www.legislation.gov.uk/ukpga/1993/34/section/175), [Sch. 20 paras. 8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/8), [9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/9/1); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 172(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/172/1), [176(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/1), [179(4)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/179/4/5), [180(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/180/1/a/2), [182(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/182/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) (with effect for the year 1992-93 and subsequent years of assessment); [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [ss. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [36](https://www.legislation.gov.uk/ukpga/1993/37/section/36), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [paras. 1](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/1), [2(1)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/2/1), [3(2)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/3/2), [16(2)(a)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/16/2/a), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/4/paragraph/1/1); [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [regs. 1](https://www.legislation.gov.uk/uksi/1993/2004/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/4/1) , [5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1), [7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1), [8](https://www.legislation.gov.uk/uksi/1993/2004/regulation/8), [11(7)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/11/7); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 139(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/139/1/2), [173(2)(b)(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/b/4/a/b), [174](https://www.legislation.gov.uk/ukpga/1994/9/section/174), [Sch. 25 paras. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/2), [6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/6/1/2); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 paras. 1(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/1/4), [12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/12/2), [15(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/b), [18(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/1), [20(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/1/a/3), [25(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/1) (with retrospective effect to 11.1.1994); [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/11/1), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14), [17(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/17/2), [19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/19/1/a/3); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule); [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg.3](https://www.legislation.gov.uk/uksi/1994/728/regulation/3) (with effect for the year of assessment 1991-92); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 152](https://www.legislation.gov.uk/ukpga/1995/4/section/152), [157(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/12); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154](https://www.legislation.gov.uk/ukpga/1995/4/section/154) (with retrospective effect to 29.11.1994); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2/3), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)); [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/3); [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/7), [13](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/13); [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1/2), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(1)-(3)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/1); [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 3](https://www.legislation.gov.uk/uksi/1995/171/regulation/3); [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 4](https://www.legislation.gov.uk/uksi/1995/351/regulation/4) (with [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5) and [S.I. 1995/352](https://www.legislation.gov.uk/uksi/1995/352), [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15)); [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/352/regulation/4) (with [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15) and [S.I. 1995/351](https://www.legislation.gov.uk/uksi/1995/351), [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5)) (with effect for the years of assessment 1992-93 to 1996-97); [The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 (S.I. 1995/2052)](https://www.legislation.gov.uk/uksi/1995/2052), [regs. 1](https://www.legislation.gov.uk/uksi/1995/2052/regulation/1), [10](https://www.legislation.gov.uk/uksi/1995/2052/regulation/10); [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 81(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/81/1), [151(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/151/1), [152](https://www.legislation.gov.uk/ukpga/1996/8/section/152), [154(2)(5)(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/2/5/9), [Sch. 10 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/4/2), [Sch. 11 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/4/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 689A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/2) (as inserted by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 paras. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16), [28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28)); [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [Sch. 7 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/1/3), [18](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/18), [27](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/27); [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3), [Sch. 7 paras. 2(1)(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/2/1/3), [3(2)(5)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2/5), [7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/2); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) (as substituted and inserted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/1), [13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3), [16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16)); [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28A](https://www.legislation.gov.uk/ukpga/1990/1/section/28A), [29(1)(1A)](https://www.legislation.gov.uk/ukpga/1990/1/section/29/1/1A) (as inserted and substituted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 paras. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/4)) [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 29(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/29/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) (as substituted by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4/6); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 3](https://www.legislation.gov.uk/uksi/1997/473/regulation/3) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 165(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/a); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 4](https://www.legislation.gov.uk/uksi/2004/822/regulation/4)) [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [3-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (as amended by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715)); [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [regs. 1](https://www.legislation.gov.uk/uksi/1997/2681/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/2681/regulation/9); [Teaching and Higher Education Act 1998 (c. 30)](https://www.legislation.gov.uk/ukpga/1998/30), [s. 22(5)(g)](https://www.legislation.gov.uk/ukpga/1998/30/section/22/5/g); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/30/3), [31(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/31/2), [32(8)](https://www.legislation.gov.uk/ukpga/1998/36/section/32/8), [46](https://www.legislation.gov.uk/ukpga/1998/36/section/46), [47(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/3/a), [117](https://www.legislation.gov.uk/ukpga/1998/36/section/117), [161(2)(b)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/b/7), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 65A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/65A/3), [70A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/3), [596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C), [754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2), [Sch. 28AA para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/b) (as inserted or substituted (as the case may be) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38](https://www.legislation.gov.uk/ukpga/1998/36/section/38), [93(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3/4), [108(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5/6), [Sch. 5 paras. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/24), [25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25), [73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [Sch. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/16), [Sch. 17 paras. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4), [37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37); [Regional Development Agencies Act 1998 (c. 45)](https://www.legislation.gov.uk/ukpga/1998/45), [s. 38](https://www.legislation.gov.uk/ukpga/1998/45/section/38); [S.I. 1998/2952](https://www.legislation.gov.uk/uksi/1998/2952), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/2952/article/2/2); [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1998/46/section/73/2); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/3178/article/2/2), [Sch. 3](https://www.legislation.gov.uk/uksi/1998/3178/schedule/3); [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [21](https://www.legislation.gov.uk/uksi/1998/3177/regulation/21); [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) (as inserted by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1/3)); [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [ss. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1999/20/section/6/2/c), [16(1)(4)(c)(5)](https://www.legislation.gov.uk/ukpga/1999/20/section/16/1/4/c/5); [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/43); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) (as inserted by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1/3)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 253(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/253/4), [260(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/5), [579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) (as substituted by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 55(2)-(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/2)(7), 83(1)(a)(3), Sch. 26 para. 51; [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 56](https://www.legislation.gov.uk/ukpga/2003/1/section/56), [566(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/566/2), [723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))); [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 148(1)-(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/1), [150](https://www.legislation.gov.uk/ukpga/2003/14/section/150), [195](https://www.legislation.gov.uk/ukpga/2003/14/section/195); [The Taxation of Benefits under Government Pilot Schemes (Return to Work Credit and Employment Retention and Advancement Schemes) Order 2003 (S.I. 2003/2339)](https://www.legislation.gov.uk/uksi/2003/2339), [arts. 1](https://www.legislation.gov.uk/uksi/2003/2339/article/1), [3](https://www.legislation.gov.uk/uksi/2003/2339/article/3); [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 51](https://www.legislation.gov.uk/ukpga/2004/12/section/51), [188(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/188/7), [192(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/8/10), [205(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/205/7), [206(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/206/7), [207(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/207/7), [208(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/208/8), [215(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/215/11), [227(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/227/5), [254(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/254/7), [255(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/255/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23),Sch. 26 para. 36(2) (as substituted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 52(1)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/1/3), [Sch. 10 para. 62](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/62)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 paras. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1), [3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)); [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(10)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/10), [28(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/28/5), [29(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/29/6), [30(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/30/6), [38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2), [44(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/44/5), [Sch. 9 para. 37(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/37/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1); [Horserace Betting and Olympic Lottery Act 2004 (c. 25)](https://www.legislation.gov.uk/ukpga/2004/25), [ss. 4(1)](https://www.legislation.gov.uk/ukpga/2004/25/section/4/1), [5(3)(c)(4)](https://www.legislation.gov.uk/ukpga/2004/25/section/5/3/c/4); [S.I. 2011/462](https://www.legislation.gov.uk/uksi/2011/462), [art. 2](https://www.legislation.gov.uk/uksi/2011/462/article/2); [The Taxation of Benefits under Government Pilot Schemes (Working Neighbourhoods Pilot and In Work Credit) Order 2004 (S.I. 2004/575)](https://www.legislation.gov.uk/uksi/2004/575), [art. 3](https://www.legislation.gov.uk/uksi/2004/575/article/3); [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [ss. 41(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/41/4), [50](https://www.legislation.gov.uk/ukpga/2005/7/section/50), [53](https://www.legislation.gov.uk/ukpga/2005/7/section/53), [54](https://www.legislation.gov.uk/ukpga/2005/7/section/54), [56](https://www.legislation.gov.uk/ukpga/2005/7/section/56), [83(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/1); [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [Sch. 10 para. 34(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/34/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), art, 2, Sch.; [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/7/2), [8](https://www.legislation.gov.uk/ukpga/2005/22/section/8), [9](https://www.legislation.gov.uk/ukpga/2005/22/section/9); [Finance Act 1988 (c.39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 66A(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/66A/2/4) (as inserted by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 60(1)(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/60/1/3)); [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 4](https://www.legislation.gov.uk/uksi/2005/1907/regulation/4); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 3](https://www.legislation.gov.uk/uksi/2005/2014/regulation/3); [The Donations to Charity by Individuals (Appropriate Declarations) (Amendment) Regulations 2005 (S.I. 2005/2790)](https://www.legislation.gov.uk/uksi/2005/2790), [regs. 6](https://www.legislation.gov.uk/uksi/2005/2790/regulation/6), [7](https://www.legislation.gov.uk/uksi/2005/2790/regulation/7); [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 4](https://www.legislation.gov.uk/uksi/2006/575/regulation/4); [Telecommunications Act 1984 (c. 12)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3) (as substituted by [S.I. 2006/745](https://www.legislation.gov.uk/uksi/2006/745), [art. 2](https://www.legislation.gov.uk/uksi/2006/745/article/2)); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006 (S.I. 2006/3218)](https://www.legislation.gov.uk/uksi/2006/3218), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3218/regulation/1/1/2), [2-12](https://www.legislation.gov.uk/uksi/2006/3218/regulation/2); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) (No. 2) Regulations 2006 (S.I. 2006/3389)](https://www.legislation.gov.uk/uksi/2006/3389), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3389/regulation/1/1/2), [2-10](https://www.legislation.gov.uk/uksi/2006/3389/regulation/2) (as amended by [S.I. 2007/2147](https://www.legislation.gov.uk/uksi/2007/2147), [regs. 1-6](https://www.legislation.gov.uk/uksi/2007/2147/regulation/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 414](https://www.legislation.gov.uk/ukpga/2007/3/section/414), [466](https://www.legislation.gov.uk/ukpga/2007/3/section/466), [467](https://www.legislation.gov.uk/ukpga/2007/3/section/467), [473(5)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/473/5/6), [474](https://www.legislation.gov.uk/ukpga/2007/3/section/474), [477](https://www.legislation.gov.uk/ukpga/2007/3/section/477), [513(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/513/4), [573](https://www.legislation.gov.uk/ukpga/2007/3/section/573), [576](https://www.legislation.gov.uk/ukpga/2007/3/section/576), [578](https://www.legislation.gov.uk/ukpga/2007/3/section/578), [586(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/586/2), [597(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/597/2), [711(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/711/2), [959](https://www.legislation.gov.uk/ukpga/2007/3/section/959), [963(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/963/4), [970(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/970/1), [988-1016](https://www.legislation.gov.uk/ukpga/2007/3/section/988) (Pt. 16) (with Sch. 2); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61G](https://www.legislation.gov.uk/ukpga/2003/1/section/61G) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 25](https://www.legislation.gov.uk/ukpga/2007/11/section/25), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/3/paragraph/4)); [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [Sch. 4 para. 11](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/11); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule); [The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050)](https://www.legislation.gov.uk/uksi/2007/1050), [regs. 1](https://www.legislation.gov.uk/uksi/2007/1050/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2007/1050/regulation/3) (as amended by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 2 para. 131](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/131) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))); [The Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards) Regulations 2007 (S.I. 2007/3338](https://www.legislation.gov.uk/uksi/2007/3338)), [reg. 3](https://www.legislation.gov.uk/uksi/2007/3338/regulation/3); [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1), [6](https://www.legislation.gov.uk/uksi/2007/3402/regulation/6); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 461D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461D/4) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3)); [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 840A(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/840A/3) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 69](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/69), [81](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/81)); [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(2)(4)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/2/4); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 69Z15(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z15/2), [69Z16(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z16/2), [69Z17(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z17/2) (as inserted by [S.I. 2008/705](https://www.legislation.gov.uk/uksi/2008/705), [reg. 5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)); [The Friendly Societies (Transfers of Other Business) (Modification of the Corporation Tax Acts) Regulations 2008 (S.I. 2008/1942)](https://www.legislation.gov.uk/uksi/2008/1942), [regs. 1-7](https://www.legislation.gov.uk/uksi/2008/1942/regulation/1); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 2(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/2/4), [3](https://www.legislation.gov.uk/ukpga/2009/4/section/3), [294(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/294/2), [481(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/481/2), [490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2), [509(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/509/2), [515](https://www.legislation.gov.uk/ukpga/2009/4/section/515), [516(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/516/1), [521(4)(e)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/521/4/e/5), [539(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/539/6), [540(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/540/3), [545](https://www.legislation.gov.uk/ukpga/2009/4/section/545), [550](https://www.legislation.gov.uk/ukpga/2009/4/section/550), [592(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/592/3), [593(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/593/2), [608(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/608/7), [799(1)(b)](https://www.legislation.gov.uk/ukpga/2009/4/section/799/1/b), [802(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/802/2), [855(7)(8)](https://www.legislation.gov.uk/ukpga/2009/4/section/855/7/8), [969](https://www.legislation.gov.uk/ukpga/2009/4/section/969), [1273](https://www.legislation.gov.uk/ukpga/2009/4/section/1273), [1329](https://www.legislation.gov.uk/ukpga/2009/4/section/1329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) (as inserted by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100)); [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 25](https://www.legislation.gov.uk/ukpga/2009/10/section/25); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521B(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/521B/2) (as inserted by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/4), [12-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)); [The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009/128)](https://www.legislation.gov.uk/nisr/2009/128), [regs. 1(1)](https://www.legislation.gov.uk/nisr/2009/128/regulation/1/1), [4](https://www.legislation.gov.uk/nisr/2009/128/regulation/4), [26(2)](https://www.legislation.gov.uk/nisr/2009/128/regulation/26/2); [The Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470)](https://www.legislation.gov.uk/uksi/2009/470), [regs. 1](https://www.legislation.gov.uk/uksi/2009/470/regulation/1), [4-7](https://www.legislation.gov.uk/uksi/2009/470/regulation/4), [31(2)](https://www.legislation.gov.uk/uksi/2009/470/regulation/31/2); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z61](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z61) (as inserted by [S.I. 2009/2036](https://www.legislation.gov.uk/uksi/2009/2036), [reg. 24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24)); [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1/2), [4](https://www.legislation.gov.uk/uksi/2009/2971/regulation/4); [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1), [16(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/16/2), [94](https://www.legislation.gov.uk/uksi/2009/3001/regulation/94) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 128](https://www.legislation.gov.uk/ukpga/2010/4/section/128), [620](https://www.legislation.gov.uk/ukpga/2010/4/section/620), [624](https://www.legislation.gov.uk/ukpga/2010/4/section/624), [625](https://www.legislation.gov.uk/ukpga/2010/4/section/625), [778](https://www.legislation.gov.uk/ukpga/2010/4/section/778), [784](https://www.legislation.gov.uk/ukpga/2010/4/section/784), [786](https://www.legislation.gov.uk/ukpga/2010/4/section/786), [876](https://www.legislation.gov.uk/ukpga/2010/4/section/876), [950(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/950/5), [996(1)(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/1/2), [1070](https://www.legislation.gov.uk/ukpga/2010/4/section/1070), [1071](https://www.legislation.gov.uk/ukpga/2010/4/section/1071), [1166](https://www.legislation.gov.uk/ukpga/2010/4/section/1166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 79(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/79/2), [192](https://www.legislation.gov.uk/ukpga/2010/8/section/192), [220](https://www.legislation.gov.uk/ukpga/2010/8/section/220) (with [ss. 213](https://www.legislation.gov.uk/ukpga/2010/8/section/213), [214](https://www.legislation.gov.uk/ukpga/2010/8/section/214), [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809CZB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/809CZB/2) (as inserted by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 5 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1))); [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 53(5)(7)-(10)](https://www.legislation.gov.uk/ukpga/2011/11/section/53/5/7), [Sch. 2 paras. 53(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/53/4), [54(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/54/6); [The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502)](https://www.legislation.gov.uk/uksi/2011/1502), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1502/article/1), [3](https://www.legislation.gov.uk/uksi/2011/1502/article/3); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 69(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/69/b), [71(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/71/3), [72](https://www.legislation.gov.uk/ukpga/2012/14/section/72), [142(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/142/1/b), [143(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/143/1/b), [144(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/144/1), [148](https://www.legislation.gov.uk/ukpga/2012/14/section/148), [151](https://www.legislation.gov.uk/ukpga/2012/14/section/151), [152](https://www.legislation.gov.uk/ukpga/2012/14/section/152), [158(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/158/5), [166(5)(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/166/5/6), [167(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/167/4) (with [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 793(8)](https://www.legislation.gov.uk/ukpga/2010/4/section/793/8), [812(5A)](https://www.legislation.gov.uk/ukpga/2010/4/section/812/5A) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 22(2)-(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/22/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 371SO(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/371SO/2) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 20 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/20/paragraph/1)); [Small Charitable Donations Act 2012 (c. 23)](https://www.legislation.gov.uk/ukpga/2012/23), [ss. 15](https://www.legislation.gov.uk/ukpga/2012/23/section/15), [21(1)](https://www.legislation.gov.uk/ukpga/2012/23/section/21/1); [The Bank Levy (Double Taxation Relief) Regulations 2012 (S.I. 2012/458)](https://www.legislation.gov.uk/uksi/2012/458), [regs. 1](https://www.legislation.gov.uk/uksi/2012/458/regulation/1), [13](https://www.legislation.gov.uk/uksi/2012/458/regulation/13); [The Bank Levy (Double Taxation Arrangements) (Federal Republic of Germany) Regulations 2012 (S.I. 2012/459)](https://www.legislation.gov.uk/uksi/2012/459), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2012/459/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2012/459/regulation/11); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Pt. 11ZA](https://www.legislation.gov.uk/ukpga/2007/3/part/11ZA) (ss. 614ZA-614ZD) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/1), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Pt. 17A](https://www.legislation.gov.uk/ukpga/2010/4/part/17A) (ss. 814A-814D) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/2), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1), [3](https://www.legislation.gov.uk/uksi/2013/3209/regulation/3) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8)); [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 223(8)(9)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/223/8/9/a); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2) (as substituted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 27(3)(7)-(9)](https://www.legislation.gov.uk/ukpga/2014/26/section/27/3/7)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 329N(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/329N/2) (as inserted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 14 paras. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/1), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/4)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/4/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 3](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/3), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/7/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 12](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/12), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [ss. 99(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/99/2), [116](https://www.legislation.gov.uk/ukpga/2015/11/section/116); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 12ZH](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZH), [12ZI](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZI), [59AB](https://www.legislation.gov.uk/ukpga/1970/9/section/59AB) (as inserted by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 paras. 43](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/43), [51](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/51), [60](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/60)); [The Education (Postgraduate Master?s Degree Loans) Regulations 2016 (S.I. 2016/606)](https://www.legislation.gov.uk/uksi/2016/606), [regs. 1](https://www.legislation.gov.uk/uksi/2016/606/regulation/1), [67(1)](https://www.legislation.gov.uk/uksi/2016/606/regulation/67/1); [The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016 (S.I. 2016/1212)](https://www.legislation.gov.uk/uksi/2016/1212), [regs. 1](https://www.legislation.gov.uk/uksi/2016/1212/regulation/1), [16](https://www.legislation.gov.uk/uksi/2016/1212/regulation/16); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61R](https://www.legislation.gov.uk/ukpga/2003/1/section/61R) (as inserted by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [Sch. 1 paras. 9](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/9), [16](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/16)); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 124A(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/124A/6), [124B(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124B/7), [124C(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124C/7) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 26](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/26), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 303B(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/303B/5), [303C(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/303C/7), [303D(6)](https://www.legislation.gov.uk/ukpga/2010/4/section/303D/6), [321(2A)](https://www.legislation.gov.uk/ukpga/2010/4/section/321/2A) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 48](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/48), [52(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52/3), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 28A(8)](https://www.legislation.gov.uk/ukpga/1970/9/section/28A/8), [28B(9)](https://www.legislation.gov.uk/ukpga/1970/9/section/28B/9) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 12(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/12/6), [13(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/13/6), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 18 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/32/4) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/28/4), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)) [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 3 paras. 7, 9,](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/9)[12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/13); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 420A(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/420A/2) (as inserted by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 20 paras. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/2), [10(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/10/a), [16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/16)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 270HE](https://www.legislation.gov.uk/ukpga/2001/2/section/270HE) (as inserted by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [2](https://www.legislation.gov.uk/uksi/2019/1087/regulation/2)
[^c21566901]: Act (except ss. 201 and 684) amended (1.1.1992) by [S.I. 1991/2684](https://www.legislation.gov.uk/uksi/1991/2684), [arts. 2](https://www.legislation.gov.uk/uksi/1991/2684/article/2), [4](https://www.legislation.gov.uk/uksi/1991/2684/article/4),Sch. 1
[^c22719381]: Act: [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [Sch. 4 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/part/1) to be construed as one with this Act (19.9.1994) by virtue of ss. 21, 68(4) of, and Sch. 4 para. 1(2) to, that Act); [S.I. 1999/2189](https://www.legislation.gov.uk/uksi/1999/2189), [art. 2](https://www.legislation.gov.uk/uksi/1999/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1999/2189/schedule)
[^c23369051]: Act modified (17.9.2004 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [regs. 3](https://www.legislation.gov.uk/uksi/2004/2200/regulation/3), [4](https://www.legislation.gov.uk/uksi/2004/2200/regulation/4)
[^c23369081]: Act modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7)
[^c23369091]: Act modified (1.4.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 94](https://www.legislation.gov.uk/uksi/2006/964/regulation/94) (as amended by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(2)(4)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/2/4), [28](https://www.legislation.gov.uk/uksi/2008/3159/regulation/28))
[^c23369101]: Act modified (31.12.2006 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [3-18](https://www.legislation.gov.uk/uksi/2006/3271/regulation/3) (as amended by: [S.I. 2007/2146](https://www.legislation.gov.uk/uksi/2007/2146), [regs. 1](https://www.legislation.gov.uk/uksi/2007/2146/regulation/1), [3-13](https://www.legislation.gov.uk/uksi/2007/2146/regulation/3); [S.I. 2007/3449](https://www.legislation.gov.uk/uksi/2007/3449), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3449/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/2007/3449/regulation/3); [S.I. 2008/1924](https://www.legislation.gov.uk/uksi/2008/1924), [regs. 1](https://www.legislation.gov.uk/uksi/2008/1924/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2008/1924/regulation/3))
[^c23369111]: Act modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [reg. 15](https://www.legislation.gov.uk/uksi/2006/3296/regulation/15) (as amended by [S.I. 2018/143](https://www.legislation.gov.uk/uksi/2018/143), [regs. 1](https://www.legislation.gov.uk/uksi/2018/143/regulation/1), [10(1)](https://www.legislation.gov.uk/uksi/2018/143/regulation/10/1))
[^c23369121]: Act modified (with effect in accordance with Sch. 4 para. 2(2)-(4) of the modifying Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/4/paragraph/3)
[^c23369131]: Act modified (14.8.2007 with effect in accordance with reg. 1(2)(3) of the modifying S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 3-12](https://www.legislation.gov.uk/uksi/2007/2145/regulation/3)
[^c23369141]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [art. 3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^c23376051]: Act applied (1.4.2010 with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 853](https://www.legislation.gov.uk/ukpga/2010/4/section/853)
[^c23376061]: Act amended by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 8 para. 8(2)(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/8/paragraph/8/2/4)
[^c23376071]: Act amended (2006-07) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/3/5)
[^c23376081]: Act applied (with modifications) (1.10.2010) by [The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) (No. 2) Regulations 2010 (S.I. 2010/1907)](https://www.legislation.gov.uk/uksi/2010/1907), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/1/2), [16(2)(c)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/16/2/c), [Sch. 2](https://www.legislation.gov.uk/uksi/2010/1907/schedule/2)
[^c23376091]: Act amended by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 15 para. 17(4)(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/17/4/5)
[^c23333701]: Words in [s. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21819211]: [S. 5](https://www.legislation.gov.uk/ukpga/1988/1/section/5) repealed (with effect in accordance with s. 199(2) and Sch. 26 Pt. 5(23) Note 2 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21825951]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/1)
[^c21825991]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/5)
[^c23333851]: [S. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568351]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 206(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/2)
[^c21856731]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 138](https://www.legislation.gov.uk/ukpga/1996/8/section/138), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/10), [Sch. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41)
[^c23333181]: [S. 9](https://www.legislation.gov.uk/ukpga/1988/1/section/9) restricted (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 881](https://www.legislation.gov.uk/ukpga/2005/5/section/881), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333911]: [S. 9(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21797811]: [S. 10](https://www.legislation.gov.uk/ukpga/1988/1/section/10) repealed (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Part 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23332881]: [S. 11(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/1) substituted for s. 11(1)(2) (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/1)
[^c21797551]: [S. 12(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5A) inserted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/3)
[^c23332941]: [S. 12(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5B) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/3)
[^c23332981]: [S. 12(7ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7ZA) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/5)
[^c21568561]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.48](https://www.legislation.gov.uk/ukpga/1990/29/section/48), [Sch.9 para.3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/3) (in relation to transfers of business on or after 1.11.1990)
[^c21797651]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B) inserted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/3)
[^c23334011]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/3)
[^c23334401]: [S. 12(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/9) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/2)
[^c23332901]: [S. 11AA](https://www.legislation.gov.uk/ukpga/1988/1/section/11AA) inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/2)
[^c23334461]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/1), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c23334481]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568801]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) inserted (in relation to accounting periods beginning after 31 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 105(2)(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/105/2/3)
[^c21827251]: [S. 13ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/13ZA) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/5)
[^c21827181]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) inserted (with effect in accordance with [s. 28(6)(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6/7) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/1)
[^c23333081]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(1)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/1/6)
[^c21569071]: [S. 16](https://www.legislation.gov.uk/ukpga/1988/1/section/16) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s.148, Sch.14 Pt. V
[^c22720791]: [S. 17](https://www.legislation.gov.uk/ukpga/1988/1/section/17) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/3), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c23332861]: [S. 19](https://www.legislation.gov.uk/ukpga/1988/1/section/19) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/6), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23334161]: [S. 20](https://www.legislation.gov.uk/ukpga/1988/1/section/20) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/10), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21856511]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c23348301]: [S. 21](https://www.legislation.gov.uk/ukpga/1988/1/section/21) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821321]: [S. 22](https://www.legislation.gov.uk/ukpga/1988/1/section/22) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21821331]: [S. 23](https://www.legislation.gov.uk/ukpga/1988/1/section/23) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21856541]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21856581]: [S. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/5) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21802491]: [S. 25](https://www.legislation.gov.uk/ukpga/1988/1/section/25) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 25 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/6), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c21794351]: [S. 26](https://www.legislation.gov.uk/ukpga/1988/1/section/26) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21797681]: [S. 27](https://www.legislation.gov.uk/ukpga/1988/1/section/27) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21802381]: [S. 28](https://www.legislation.gov.uk/ukpga/1988/1/section/28) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 28 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 9](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/9), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802421]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/b); and s. 29 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/10), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802561]: [S. 31](https://www.legislation.gov.uk/ukpga/1988/1/section/31) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(c)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/c); and s. 31 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/12), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c23348321]: [S. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348341]: [S. 31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21859681]: [S. 32](https://www.legislation.gov.uk/ukpga/1988/1/section/32) repealed (with effect as mentioned in Sch. 15 para. 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 85](https://www.legislation.gov.uk/ukpga/1997/16/section/85), [113](https://www.legislation.gov.uk/ukpga/1997/16/section/113), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/1), [Sch. 18 Pt. 06(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/06/11), Note
[^c21805361]: [S. 33](https://www.legislation.gov.uk/ukpga/1988/1/section/33) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(d)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/d); and s. 33 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/13), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23351661]: [Ss. 31ZA-31ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/31ZA) inserted (with effect in accordance with [s. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/1); [S.I. 2008/1521](https://www.legislation.gov.uk/uksi/2008/1521), [art. 2](https://www.legislation.gov.uk/uksi/2008/1521/article/2)
[^c23348211]: [Ss. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A), [31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) inserted (with effect in accordance with [s. 143(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 143(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/1)
[^c21569941]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856701]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33A repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569951]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856711]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33B repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569931]: [Ss. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A), [33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21794741]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/2), (with Sch. 5 para. 73)
[^c21797751]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805391]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23350011]: [S. 37A](https://www.legislation.gov.uk/ukpga/1988/1/section/37A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/21) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21812971]: [S. 41](https://www.legislation.gov.uk/ukpga/1988/1/section/41) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(g)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/g); and s. 41 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 21](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/21), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42): words in sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23367571]: [S. 43](https://www.legislation.gov.uk/ukpga/1988/1/section/43) repealed (with effect in accordance with s. 40(3) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/3), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16), Note 1
[^c22720821]: Cross-heading before s. 40 substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 19](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/19), (with Sch. 5 para. 73)
[^c21853711]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/1)
[^c23351581]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351601]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351611]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351621]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351631]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351641]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351651]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21858801]: [Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/2) heading substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21821821]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) and cross-heading inserted (with effect in accordance with [s. 110(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s.110(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/1)
[^c21820321]: [S. 44](https://www.legislation.gov.uk/ukpga/1988/1/section/44) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/7), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820341]: [S. 45](https://www.legislation.gov.uk/ukpga/1988/1/section/45) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/8), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820351]: [S. 47](https://www.legislation.gov.uk/ukpga/1988/1/section/47) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 154(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/7), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/1), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note (with s. 154(2)-(6))
[^c21820361]: [S. 48](https://www.legislation.gov.uk/ukpga/1988/1/section/48) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/9), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353441]: [S. 49(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/1) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353461]: Words in [s. 49(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/2) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21825931]: [S. 49(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/3) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/10) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353481]: [S. 49(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/4) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21821591]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) repealed (with effect in accordance with s. 37(8) and Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 37(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/5), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c22720841]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) repealed (with effect in accordance with s. 37(3) of the repealing Act and [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619)) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 37(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3), Note
[^c21853451]: [S. 52](https://www.legislation.gov.uk/ukpga/1988/1/section/52) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/12), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21821761]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 155](https://www.legislation.gov.uk/ukpga/1996/8/section/155)
[^c21821341]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 77](https://www.legislation.gov.uk/ukpga/1995/4/section/77)
[^c21821641]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/78/1)
[^c21858881]: [Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/3) heading substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/32) of the amending Act) by Finance Act 1996, s. 79, Sch. 7 para. 6 (with Sch. 7 paras. 33-35)
[^c21570721]: [S. 54](https://www.legislation.gov.uk/ukpga/1988/1/section/54) repealed (15.3.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/5), Note 2
[^c21570891]: SOURCE-1973 s. 26(1)
[^c21570901]: SOURCE-1974 s. 30(1)
[^c23354491]: [S. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458](https://www.legislation.gov.uk/ukpga/2002/29/section/458), [Sch. 10 para. 6](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/6) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21570921]: SOURCE-1973 s. 26(1); 1974 s. 30(1)
[^c23358071]: Word in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570931]: SOURCE-1973 s. 26(1)(a)(b); 1975 (No. 2) s. 50(1)
[^c23358131]: Words in [s. 56(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358171]: Word in [s. 56(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376221]: Words in [s. 56(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21570941]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/2)
[^c21861011]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c21833011]: [S. 56(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4A/4B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/6) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21570961]: SOURCE-1973 s. 26(4); 1974 s. 30(2), (1); 1968 s. 55(3); 1979(C) Sch. 7
[^c21570971]: Words in [s. 56(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/3) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21570981]: [S. 56A](https://www.legislation.gov.uk/ukpga/1988/1/section/56A) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21833031]: [S. 57](https://www.legislation.gov.uk/ukpga/1988/1/section/57) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23354511]: [S. 58](https://www.legislation.gov.uk/ukpga/1988/1/section/58) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/8), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358211]: [S. 59(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358261]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358281]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358291]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358301]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358311]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358321]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825631]: [S. 62A](https://www.legislation.gov.uk/ukpga/1988/1/section/62A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 203](https://www.legislation.gov.uk/ukpga/1994/9/section/203) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c21825691]: [S. 63A](https://www.legislation.gov.uk/ukpga/1988/1/section/63A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 205](https://www.legislation.gov.uk/ukpga/1994/9/section/205) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c23358331]: [S. 64](https://www.legislation.gov.uk/ukpga/1988/1/section/64) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/37), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358341]: [S. 65](https://www.legislation.gov.uk/ukpga/1988/1/section/65) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/38), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358351]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/39), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825861]: [S. 66](https://www.legislation.gov.uk/ukpga/1988/1/section/66) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c21825871]: [S. 67](https://www.legislation.gov.uk/ukpga/1988/1/section/67) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c23358361]: [S. 68](https://www.legislation.gov.uk/ukpga/1988/1/section/68) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/40), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358371]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358381]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358391]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827571]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) inserted (with effect in accordance with [s. 41(5)-(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/2)
[^c23354551]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358421]: [S. 69](https://www.legislation.gov.uk/ukpga/1988/1/section/69) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/42), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853521]: [S. 70A](https://www.legislation.gov.uk/ukpga/1988/1/section/70A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23358431]: [S. 71](https://www.legislation.gov.uk/ukpga/1988/1/section/71) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/43), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827631]: [S. 73](https://www.legislation.gov.uk/ukpga/1988/1/section/73) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(09)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/09), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c23356451]: [S. 75A](https://www.legislation.gov.uk/ukpga/1988/1/section/75A) inserted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 39](https://www.legislation.gov.uk/ukpga/2004/12/section/39)
[^c23356471]: [S. 75B](https://www.legislation.gov.uk/ukpga/1988/1/section/75B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/1) (with [s. 45(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/2/3))
[^c23393711]: [S. 76ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZD) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 34](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/34) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393731]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 35](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/35) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393751]: [S. 76ZG](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZG) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/37) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393771]: [S. 76ZH](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZH) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/38) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393791]: [S. 76ZI](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZI) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/39) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393811]: [S. 76ZJ](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZJ) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/40) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393831]: [S. 76ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZM) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/43) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418101]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23404441]: [S. 76ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZO) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/45) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21848981]: [S. 95](https://www.legislation.gov.uk/ukpga/1988/1/section/95) sidenote substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/9)
[^c23385091]: [S. 95ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/95ZA) inserted (with effect in accordance with [Sch. 17 para. 16(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 16(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/1)
[^c23358691]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/75), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358711]: [S. 96](https://www.legislation.gov.uk/ukpga/1988/1/section/96) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 76](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/76), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853681]: [S. 98](https://www.legislation.gov.uk/ukpga/1988/1/section/98) substituted (17.3.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(1)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/1/3) (with [s. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/4))
[^c21860731]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/1)
[^c23393581]: [S. 76ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZA) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/31) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393601]: [S. 76ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZB) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 32](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/32) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393621]: [S. 76ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZC) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/33) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393641]: [S. 76ZF](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZF) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/36) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418091]: [S. 76ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZK) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/41) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393691]: [S. 76ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZL) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/42) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21853821]: Words in [s. 104](https://www.legislation.gov.uk/ukpga/1988/1/section/104) sidenote repealed (with effect in accordance with Sch. 27 Pt. 3(6) Note of the repealing act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23359051]: [S. 107](https://www.legislation.gov.uk/ukpga/1988/1/section/107) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/86), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359071]: [S. 108](https://www.legislation.gov.uk/ukpga/1988/1/section/108) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 87](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/87), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359081]: [S. 109](https://www.legislation.gov.uk/ukpga/1988/1/section/109) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/88), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359171]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423311]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852201]: Words in [Pt. 4 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/6) heading repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c21829351]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) and preceding cross-heading inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/1)
[^c21829571]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading inserted (with effect in accordance with [s. 124(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/1)
[^c21821431]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) substituted (with effect in accordance with s. 215(4)(5) of the 1994 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/1) (as amended (retrospectively) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 117(1)(a)(2)(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/117/1/a/2/4)) (with Sch. 20)
[^c23359181]: [S. 111(2)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359311]: [S. 112](https://www.legislation.gov.uk/ukpga/1988/1/section/112) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/93), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359331]: [S. 113](https://www.legislation.gov.uk/ukpga/1988/1/section/113) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 94](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/94), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860551]: [Ss. 118ZA-118ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) and preceding cross-heading inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/1), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), [art. 2](https://www.legislation.gov.uk/uksi/2000/3316/article/2)
[^c23356701]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/1)
[^c23356721]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 125](https://www.legislation.gov.uk/ukpga/2004/12/section/125)
[^c23357871]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) and preceding cross-heading inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(1)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/1/5)
[^c23472581]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472601]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472611]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472621]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472631]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472641]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472651]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472661]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472671]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472681]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472691]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472701]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c21835151]: [S. 123](https://www.legislation.gov.uk/ukpga/1988/1/section/123) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/13), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21858771]: [S. 124](https://www.legislation.gov.uk/ukpga/1988/1/section/124) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 2
[^c23357911]: [S. 125](https://www.legislation.gov.uk/ukpga/1988/1/section/125) title substituted (retrospective to 2.12.2004) by virtue of [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/3)
[^c21846551]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c21846561]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c23359451]: [S. 127](https://www.legislation.gov.uk/ukpga/1988/1/section/127) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 108](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/108), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359471]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/109), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359481]: [S. 128(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/110), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861331]: [S. 128(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/2) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21847681]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847691]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23376641]: Words in [s. 129B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/2) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 6](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/6) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21847701]: Word in [s. 129B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/3) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847721]: [S. 129B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/4) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21574461]: Source—1970 s.304(5); 1980 Sch.11
[^c23356741]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130): definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/3)
[^c21574471]: [1985 c. 58](https://www.legislation.gov.uk/ukpga/1985/58).
[^c21847621]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/1)
[^c21832811]: [S. 129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) inserted (with application in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/1)
[^c21846631]: [S. 129B](https://www.legislation.gov.uk/ukpga/1988/1/section/129B) inserted (with effect in accordance with [s. 157(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 157(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/1)
[^c21832911]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/1)
[^c23390551]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390571]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390581]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390591]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390601]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390611]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390621]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390711]: [S. 140](https://www.legislation.gov.uk/ukpga/1988/1/section/140) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/17), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390631]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390641]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390651]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390661]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390671]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390681]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390691]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390701]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22206561]: [Ss. 140A-140C](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) inserted (with application in accordance with [s. 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/1)
[^c22206591]: [Ss. 140D-140F](https://www.legislation.gov.uk/ukpga/1988/1/section/140D) inserted (with application in accordance with [s. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/1)
[^c22206621]: [S. 140G](https://www.legislation.gov.uk/ukpga/1988/1/section/140G) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/52/1)
[^c22206641]: [S. 140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140H) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 53](https://www.legislation.gov.uk/ukpga/1998/36/section/53)
[^c23390721]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390731]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390741]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390751]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390761]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/20), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880731]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 132](https://www.legislation.gov.uk/ukpga/1994/9/section/132)
[^c23390771]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390781]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390791]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390801]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22171441]: [S. 146A](https://www.legislation.gov.uk/ukpga/1988/1/section/146A) inserted (with application in accordance with [s. 106(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 106(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/2)
[^c23390821]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390831]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390841]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390861]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390851]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392071]: [S. 152](https://www.legislation.gov.uk/ukpga/1988/1/section/152) sidenote substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/23) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22198641]: [S. 151A](https://www.legislation.gov.uk/ukpga/1988/1/section/151A) inserted (2.9.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/12); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(a)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/a)
[^c23390871]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390891]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390901]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390911]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390921]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390931]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21576141]: [S. 155A](https://www.legislation.gov.uk/ukpga/1988/1/section/155A) inserted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 21(1)(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/21/1/3)
[^c23390941]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390951]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390961]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390971]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390981]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390991]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391001]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577131]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391011]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577141]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391021]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577241]: [S. 159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/159AC) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 74(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/74/1/3)
[^c23391031]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23443291]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) inserted (1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 30(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/30/2/3)
[^c22222721]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) repealed (with effect in accordance with s. 44(6) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [ss. 44(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/2), [139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/9), Note
[^c23391051]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391061]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391071]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391081]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391091]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391101]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391111]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391121]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22226231]: [S. 155ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZA) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/2/1)
[^c22226281]: [S. 155ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZB) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/3/1)
[^c22222681]: [S. 155AA](https://www.legislation.gov.uk/ukpga/1988/1/section/155AA) inserted (with effect in accordance with [s. 44(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 44(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/1)
[^c22223051]: [S. 156A](https://www.legislation.gov.uk/ukpga/1988/1/section/156A) inserted (with application in accordance with [s. 45(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 45(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/1)
[^c21881581]: [S. 157A](https://www.legislation.gov.uk/ukpga/1988/1/section/157A) inserted (with effect in accordance with [s. 43(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 43(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/1)
[^c22226321]: [S. 161A](https://www.legislation.gov.uk/ukpga/1988/1/section/161A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/4/1)
[^c22226401]: [S. 161B](https://www.legislation.gov.uk/ukpga/1988/1/section/161B) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/1)
[^c23391131]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391141]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391151]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578161]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391161]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391171]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391181]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578171]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391191]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578181]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391201]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578191]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391211]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578201]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391221]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578211]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391231]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578221]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391241]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21881681]: [S. 168AA](https://www.legislation.gov.uk/ukpga/1988/1/section/168AA) inserted (with effect in accordance with [s. 44(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 44(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/2)
[^c22208041]: [S. 168AB](https://www.legislation.gov.uk/ukpga/1988/1/section/168AB) inserted (with effect in accordance with [s. 60(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/3)
[^c21575751]: [Pt. 5 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/5/chapter/2) heading substituted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 53(2)(a)](https://www.legislation.gov.uk/ukpga/1989/26/section/53/2/a)
[^c22204861]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204871]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204891]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204901]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204921]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204931]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204941]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204951]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204961]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c21578611]: [Ss. 177A](https://www.legislation.gov.uk/ukpga/1988/1/section/177A), [177B](https://www.legislation.gov.uk/ukpga/1988/1/section/177B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/3)
[^c22204971]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204981]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204991]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205011]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205021]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205031]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205041]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205061]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205071]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c23391251]: [S. 185](https://www.legislation.gov.uk/ukpga/1988/1/section/185) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 25](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/25), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22180871]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392841]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579481]: Source—1978 s.53(1)
[^c22225891]: Words in [s. 186(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/3)
[^c21579491]: Source—1978 s.53(3)
[^c21579501]: Words in [s. 186(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/2/b) substituted (in respect of acquisitions of shares on or after 26.10.1987) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 89](https://www.legislation.gov.uk/ukpga/1988/39/section/89)
[^c21579511]: Source—1978 s.56(1); 1982 s.42(1)
[^c23392681]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392701]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579521]: Source—1978 s.55(1)
[^c23392781]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392801]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579531]: Source—1978 s.55(2)-(4)
[^c23392821]: Words in [s. 186(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/5/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579541]: Source—1978 s.55(5), (9)
[^c21579551]: Source—1978 s.55(7), (8)
[^c22194331]: [S. 186(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/a)
[^c22194351]: Words in [s. 186(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/c) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/b)
[^c21579561]: Source—1978 s.53(6)
[^c21579571]: Source—1978 s.56(6); 1980 s.46(6); 1982 s.42(2); 1985 s.45(4)
[^c22181271]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/a)
[^c22181311]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/b)
[^c22180881]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22181531]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114](https://www.legislation.gov.uk/ukpga/1996/8/section/114), [Sch. 16 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/5/1)
[^c23450551]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) continued so far as relating to APS schemes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23450491]: [S. 187(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/1)(6)(7) repealed (except so far as relating to profit sharing schemes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/27), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579891]: Source—1978 ss.53(2), 54(2), (4)(b), 6, 56(1), 57(1), (4), 61(1), Sch.9 1, 16; 1980 s.46(4), Sch.10 5(b), 8, 26(1); 1982 s.40(8); 1983 s.25(1); 1984 Sch.10 15(1), (2); 1985 s.45(2)
[^c21579901]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(13)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/13) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22162681]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "pensionable age" repealed (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [177](https://www.legislation.gov.uk/ukpga/1995/26/section/177), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(a)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/a), [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/1995/26/schedule/7/part/2)
[^c22180981]: Word in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (with effect in accordance with [s. 116(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/1)
[^c21579931]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (for the year 1991-92 and subsequent years of assessment) by virtue of [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 41(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/41/1/2)
[^c21579941]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "specified age" inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/4)
[^c21579951]: Source—1970 s.285(6); 1978 Sch.9 11(3)(b); 1980 Sch.10 26(2); 1984 Sch.10 4(4)
[^c21579961]: Words in [s. 187(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/3) substituted (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/9)
[^c21579981]: Source—1987 s.33(2)
[^c21579991]: Source—1978 s.61(4); 1983 s.25(2)
[^c21580001]: Source—1978 Sch.9 16; 1980 Sch.10 26(4); 1984 Sch.10 15(3)
[^c21580011]: Source—1978 Sch.9 17; 1980 Sch.10 26(5); 1984 Sch.10 15(4); 1986 s.23(5)
[^c21580021]: Source—1978 s.55(6)
[^c22181261]: [S. 187(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/8/b) and preceding word repealed (with effect in accordance with s. 117(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 117(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/2), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 1
[^c21580031]: Source—1978 s.61(2)
[^c21580041]: Source—1978 Sch.9 18; 1986 s.24(1)
[^c21580061]: [1969 c. 24](https://www.legislation.gov.uk/ukpga/1969/24). (N.I.).
[^c23391271]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217541]: [S. 188](https://www.legislation.gov.uk/ukpga/1988/1/section/188) repealed (with application in accordance with s. 58(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/9), Note
[^c23391281]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391291]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391301]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580261]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391311]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580271]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391321]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580251]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391331]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391341]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391351]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391361]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391371]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391381]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391391]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580471]: [S. 197A](https://www.legislation.gov.uk/ukpga/1988/1/section/197A) inserted (1988-89 and subsequent years of assessment) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 46(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/46/4)
[^c23391401]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391411]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391421]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391431]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22210541]: [S. 192A](https://www.legislation.gov.uk/ukpga/1988/1/section/192A) inserted (with effect in accordance with [s. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/2) (with [s. 63(6)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/6/7))
[^c22223731]: [Ss. 197AA](https://www.legislation.gov.uk/ukpga/1988/1/section/197AA), [197AB](https://www.legislation.gov.uk/ukpga/1988/1/section/197AB) inserted (with effect in accordance with [s. 48(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/1)
[^c22223961]: [S. 197AC](https://www.legislation.gov.uk/ukpga/1988/1/section/197AC) inserted (with effect in accordance with [s. 50(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/1)
[^c23391441]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391451]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391461]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391471]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391481]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22246071]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246081]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246091]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246101]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246111]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c23451201]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) and preceding cross-heading inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 23](https://www.legislation.gov.uk/ukpga/1990/29/section/23), [Sch. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/4)
[^c23391541]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580511]: [S. 197G](https://www.legislation.gov.uk/ukpga/1988/1/section/197G) and preceding cross-heading inserted (27.7.1993 with application for the year 1993-94 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 75(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/75/1/2)
[^c23391551]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217641]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) repealed (with effect in accordance with Sch. 27 Pt. 3(10) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/10)
[^c23391561]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391571]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391581]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391591]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391601]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391611]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391621]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391631]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391641]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391651]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391661]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391671]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391681]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391691]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391701]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580621]: [S. 201A](https://www.legislation.gov.uk/ukpga/1988/1/section/201A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 77](https://www.legislation.gov.uk/ukpga/1990/29/section/77)
[^c23391711]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391721]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22201701]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) inserted (with effect in accordance with [s. 62(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/2)
[^c22225281]: [S. 200ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/200ZA) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/1), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/2/1)
[^c22172491]: [S. 200AA](https://www.legislation.gov.uk/ukpga/1988/1/section/200AA) inserted (with effect in accordance with [s. 108(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/1)
[^c21881991]: [S. 200A](https://www.legislation.gov.uk/ukpga/1988/1/section/200A) inserted (with effect in accordance with [s. 93(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/4)
[^c22202021]: [Ss. 200B-200D](https://www.legislation.gov.uk/ukpga/1988/1/section/200B) inserted (with application in accordance with [s. 63(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 63(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/1)
[^c22226151]: [Ss. 200E-200H](https://www.legislation.gov.uk/ukpga/1988/1/section/200E), [200J](https://www.legislation.gov.uk/ukpga/1988/1/section/200J) inserted (with application in accordance with [s. 58(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/1)
[^c21881771]: [S. 201AA](https://www.legislation.gov.uk/ukpga/1988/1/section/201AA) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/1)
[^c22225981]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) and preceding cross-heading inserted (with application in accordance with [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1)
[^c22243601]: [Ss. 197AD-197AH](https://www.legislation.gov.uk/ukpga/1988/1/section/197AD) and preceding cross-heading inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/1)
[^c21580791]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37](https://www.legislation.gov.uk/ukpga/1989/26/section/37)
[^c23391731]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391751]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391761]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21581021]: [S. 203A](https://www.legislation.gov.uk/ukpga/1988/1/section/203A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/37/2/4/5)
[^c23391771]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391781]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391791]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391801]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391811]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391821]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391831]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391841]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391851]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391861]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391871]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391881]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391891]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391901]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391911]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391921]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391931]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391941]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391951]: [S. 207](https://www.legislation.gov.uk/ukpga/1988/1/section/207) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880581]: [S. 203B](https://www.legislation.gov.uk/ukpga/1988/1/section/203B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 125](https://www.legislation.gov.uk/ukpga/1994/9/section/125)
[^c21880611]: [Ss. 203C-203E](https://www.legislation.gov.uk/ukpga/1988/1/section/203C) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 126](https://www.legislation.gov.uk/ukpga/1994/9/section/126)
[^c21880631]: [S. 203F](https://www.legislation.gov.uk/ukpga/1988/1/section/203F) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 127](https://www.legislation.gov.uk/ukpga/1994/9/section/127)
[^c22212711]: [S. 203FA](https://www.legislation.gov.uk/ukpga/1988/1/section/203FA) inserted (with effect in accordance with [s. 66(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 66(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/1) (with [s. 66(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/3))
[^c22212731]: [S. 203FB](https://www.legislation.gov.uk/ukpga/1988/1/section/203FB) inserted (with effect in accordance with [s. 67(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/1) (with [s. 67(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/3))
[^c21880651]: [S. 203G](https://www.legislation.gov.uk/ukpga/1988/1/section/203G) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 128](https://www.legislation.gov.uk/ukpga/1994/9/section/128)
[^c21880671]: [S. 203H](https://www.legislation.gov.uk/ukpga/1988/1/section/203H) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 129](https://www.legislation.gov.uk/ukpga/1994/9/section/129)
[^c21880691]: [S. 203I](https://www.legislation.gov.uk/ukpga/1988/1/section/203I) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 130](https://www.legislation.gov.uk/ukpga/1994/9/section/130)
[^c21880711]: [Ss. 203J-203L](https://www.legislation.gov.uk/ukpga/1988/1/section/203J) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 131](https://www.legislation.gov.uk/ukpga/1994/9/section/131)
[^c22172581]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 110](https://www.legislation.gov.uk/ukpga/1996/8/section/110)
[^c21581121]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) inserted (27.7.1993 with application in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/1/2/5)
[^c21891631]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) repealed (with effect in accordance with s. 73 of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(1), Note 1
[^c23397491]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c22735901]: [Ss. 209A](https://www.legislation.gov.uk/ukpga/1988/1/section/209A), [209B](https://www.legislation.gov.uk/ukpga/1988/1/section/209B) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/2)
[^c23396591]: [S. 213A](https://www.legislation.gov.uk/ukpga/1988/1/section/213A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 13](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/13)
[^c23396991]: [S. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) and preceding cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22732941]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/8), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23395321]: [S. 232](https://www.legislation.gov.uk/ukpga/1988/1/section/232) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 117](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/117), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395341]: [S. 233](https://www.legislation.gov.uk/ukpga/1988/1/section/233) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/118), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21582241]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) inserted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/1/4).
[^c22736001]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736011]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736021]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c21892091]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) inserted (with effect in accordance with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/3) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 19(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/2)
[^c22734831]: [S. 231AA](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA) inserted (with effect in accordance with [s. 102(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/1)
[^c22734851]: [S. 231AB](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/2)
[^c22732961]: [S. 231B](https://www.legislation.gov.uk/ukpga/1988/1/section/231B) inserted (with effect in accordance with [s. 28(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/1)
[^c22769611]: [S. 238](https://www.legislation.gov.uk/ukpga/1988/1/section/238) repealed (with effect in accordance with Sch. 3 para. 11(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/11/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769621]: [S. 239](https://www.legislation.gov.uk/ukpga/1988/1/section/239) repealed (with effect in accordance with Sch. 3 para. 12(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/12/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 12(3)-(6))
[^c22769631]: [S. 240](https://www.legislation.gov.uk/ukpga/1988/1/section/240) repealed (with effect in accordance with Sch. 3 para. 13(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/13/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769641]: [S. 241](https://www.legislation.gov.uk/ukpga/1988/1/section/241) repealed (with effect in accordance with Sch. 3 para. 14(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/14/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769691]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769701]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769711]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769651]: [S. 245](https://www.legislation.gov.uk/ukpga/1988/1/section/245) repealed (with effect in accordance with Sch. 3 para. 15(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/15/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583181]: [Ss. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A), [245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) inserted (in relation to changes in ownership on or after 14 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 98](https://www.legislation.gov.uk/ukpga/1989/26/section/98)
[^c22769661]: [S. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A) repealed (with effect in accordance with Sch. 3 para. 16(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/16/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769671]: [S. 245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) repealed (with effect in accordance with Sch. 3 para. 17(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/17/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769681]: [S. 246](https://www.legislation.gov.uk/ukpga/1988/1/section/246) repealed (with effect in accordance with Sch. 3 para. 18(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/18/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23486901]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486921]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486931]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486941]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486951]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486961]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486971]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486981]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486991]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487001]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487011]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487021]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487031]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487041]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487051]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487061]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487071]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487081]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487091]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487101]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487111]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487121]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487131]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487141]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487151]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22735811]: [S. 247](https://www.legislation.gov.uk/ukpga/1988/1/section/247) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c22735831]: [S. 248](https://www.legislation.gov.uk/ukpga/1988/1/section/248) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23487221]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487241]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487251]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487261]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777131]: [S. 255](https://www.legislation.gov.uk/ukpga/1988/1/section/255) repealed (with effect in accordance with Sch. 3 para. 23(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 23(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/23/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23487161]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) and preceding cross-heading inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 34](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/34) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21868061]: [Pt. 6 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/5A) (ss. 246A-246Y) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/1)
[^c23398331]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408731]: Words in [s. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/5)
[^c21584501]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23408771]: Words in [s. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(9)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/9)
[^c23411161]: Words in [s. 257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/6)
[^c21584511]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23411261]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(d)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/d)
[^c22733721]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733731]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733741]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21584921]: [S. 258](https://www.legislation.gov.uk/ukpga/1988/1/section/258) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c22734131]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734161]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734191]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c21585181]: [S. 261A](https://www.legislation.gov.uk/ukpga/1988/1/section/261A) inserted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734201]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734561]: [S. 262](https://www.legislation.gov.uk/ukpga/1988/1/section/262) repealed (with effect in accordance with s. 34(2), Sch. 20 Pt. 3(5) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 34(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/1), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5) (with [s. 34(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/3))
[^c21585271]: [S. 263](https://www.legislation.gov.uk/ukpga/1988/1/section/263) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585291]: [S. 264](https://www.legislation.gov.uk/ukpga/1988/1/section/264) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585671]: Source-1970 s.19(1); 1976 Sch.4 3(1)
[^c23412001]: Words in [s. 266(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 9](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/9) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585681]: Source-1970 s.19(2); 1976 s.36(5), Sch.4 3(2)
[^c22749841]: [S. 266(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/i/ii) substituted for s. 266(2)(a)-(iii) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/2)
[^c23411401]: Words in [s. 266(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/b/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/2)
[^c21585711]: Source-1970 s.19(3)(a)
[^c21585721]: Source-1970 s.19(4)
[^c21585731]: Source-1984 s.72(1)
[^c21585741]: Source-1970 s.19(3)(b)
[^c21585751]: Source-1976 Sch.4 4(1) 5; 1978 Sch.3 2; 1980 s.29(2)(b)
[^c21585761]: Words in [s. 266(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/5/a) substituted (from 6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21585811]: Source-1976 Sch.4 4(2)
[^c21585821]: Source-1976 Sch.4 5A; 1978 Sch.3 5
[^c21585831]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/a)
[^c23411431]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/3)
[^c21585841]: Source-1970 s.19(4)(a), (c); 1971 Sch.3 11
[^c21585851]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21585861]: Source-1970 s.19(3)(i)(ii)
[^c21585871]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/b)
[^c23411451]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/a)
[^c23411471]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/b)
[^c21585881]: [S. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22749861]: [S. 266(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/14) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/3)
[^c22749881]: [1982 c. xiv](https://www.legislation.gov.uk/ukla/1982/14).
[^c23412021]: Words in [s. 266A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412041]: [S. 266A(3)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3) substituted for s. 266A(3)-(6) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585951]: Source-1970 s.21(1); 1976 Sch.4 21
[^c21585961]: Source-1970 s.21(3); 1975 Sch.2 6
[^c21585991]: Source-1970 s.21(5)
[^c22749951]: Word in [s. 274(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/274/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/20)
[^c23414611]: [Ss. 256A](https://www.legislation.gov.uk/ukpga/1988/1/section/256A), [256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/28) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22732361]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/1)
[^c23408751]: [S. 257AB](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [52](https://www.legislation.gov.uk/uksi/2005/3229/regulation/52)
[^c23403981]: [S. 266A](https://www.legislation.gov.uk/ukpga/1988/1/section/266A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/36) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21586011]: [S. 275](https://www.legislation.gov.uk/ukpga/1988/1/section/275) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586191]: [S. 279](https://www.legislation.gov.uk/ukpga/1988/1/section/279) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 32](https://www.legislation.gov.uk/ukpga/1988/39/section/32), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586221]: [S. 280](https://www.legislation.gov.uk/ukpga/1988/1/section/280) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586251]: [S. 281](https://www.legislation.gov.uk/ukpga/1988/1/section/281) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23411661]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/b)
[^c21586291]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) inserted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 34](https://www.legislation.gov.uk/ukpga/1988/39/section/34)
[^c21586341]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488151]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488161]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488171]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488181]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488191]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23408611]: Words in [Pt. 7 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/2) heading inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [61](https://www.legislation.gov.uk/uksi/2005/3229/regulation/61)
[^c21587501]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 51(1)(b)
[^c22754161]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/5), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c21588241]: [S. 299A](https://www.legislation.gov.uk/ukpga/1988/1/section/299A) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/1/4)
[^c23411881]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/c)
[^c22219051]: [S. 309](https://www.legislation.gov.uk/ukpga/1988/1/section/309) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/24), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22753131]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) heading substituted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753141]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753161]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22754201]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22754221]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22784701]: [S. 299B](https://www.legislation.gov.uk/ukpga/1988/1/section/299B) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/1)
[^c22784761]: [S. 300A](https://www.legislation.gov.uk/ukpga/1988/1/section/300A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/16)
[^c22784781]: [S. 301A](https://www.legislation.gov.uk/ukpga/1988/1/section/301A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/18)
[^c22784801]: [S. 303AA](https://www.legislation.gov.uk/ukpga/1988/1/section/303AA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/20)
[^c22784741]: [S. 303A](https://www.legislation.gov.uk/ukpga/1988/1/section/303A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/3)
[^c22784721]: [S. 304A](https://www.legislation.gov.uk/ukpga/1988/1/section/304A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/1); and see also the s. 304A inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/1)
[^c22219151]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) inserted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/20)
[^c23398031]: [S. 313](https://www.legislation.gov.uk/ukpga/1988/1/section/313) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 39](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/39), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)(with Sch. 7)
[^c23407871]: [S. 314](https://www.legislation.gov.uk/ukpga/1988/1/section/314) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/128), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398051]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398061]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398071]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398081]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398091]: [S. 319](https://www.legislation.gov.uk/ukpga/1988/1/section/319) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 42](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/42), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398101]: [S. 321](https://www.legislation.gov.uk/ukpga/1988/1/section/321) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 43](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/43), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407891]: [S. 322](https://www.legislation.gov.uk/ukpga/1988/1/section/322) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/129), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407901]: [S. 324](https://www.legislation.gov.uk/ukpga/1988/1/section/324) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/130), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407911]: [S. 325](https://www.legislation.gov.uk/ukpga/1988/1/section/325) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/131), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407921]: [S. 326](https://www.legislation.gov.uk/ukpga/1988/1/section/326) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/132), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21589681]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407931]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488641]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407941]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407951]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488651]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407961]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407971]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407981]: [S. 327](https://www.legislation.gov.uk/ukpga/1988/1/section/327) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 134](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/134), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407991]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/135), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791041]: [S. 328](https://www.legislation.gov.uk/ukpga/1988/1/section/328) repealed (with effect in accordance with s. 68(3)-(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/2), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23408001]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408011]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408021]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791051]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791061]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791071]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c23398111]: [S. 330](https://www.legislation.gov.uk/ukpga/1988/1/section/330) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 46](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/46), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408031]: [S. 331](https://www.legislation.gov.uk/ukpga/1988/1/section/331) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 137](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/137), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408041]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/138), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398211]: [S. 332(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408051]: [S. 332(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 139](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/139), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791081]: [S. 332(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/paragraph/10)
[^c23398241]: [S. 332(3A)(3B)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408391]: [S. 333](https://www.legislation.gov.uk/ukpga/1988/1/section/333) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408091]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/142), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22211271]: [S. 326BB](https://www.legislation.gov.uk/ukpga/1988/1/section/326BB) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/62/2)
[^c22211341]: [S. 326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326D) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 63(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/63/4)
[^c23404461]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) inserted (with effect in accordance with [s. 175(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 175(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/1)
[^c22790871]: [Ss. 329AA](https://www.legislation.gov.uk/ukpga/1988/1/section/329AA), [329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329AB) inserted (with effect in accordance with [s. 150(2)-(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/1), [Sch. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/26)
[^c22790761]: [Ss. 329A](https://www.legislation.gov.uk/ukpga/1988/1/section/329A), [329B](https://www.legislation.gov.uk/ukpga/1988/1/section/329B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 142](https://www.legislation.gov.uk/ukpga/1995/4/section/142)
[^c22790851]: [S. 329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329C) inserted (8.11.1995) by [Criminal Injuries Compensation Act 1995 (c. 53)](https://www.legislation.gov.uk/ukpga/1995/53), [s. 8](https://www.legislation.gov.uk/ukpga/1995/53/section/8)
[^c22790991]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 60](https://www.legislation.gov.uk/ukpga/1999/16/section/60)
[^c22790781]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/1)
[^c22211361]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/64/1)
[^c22790951]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/77/1)
[^c23426611]: [S. 338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338B) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23499091]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) inserted (in relation to accounting periods ending on or after 1 October 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 27(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/27/3/4)
[^c21591041]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) repealed (in relation to accounting periods beginning on or after 19.3.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 71(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/71/1/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 5; and s. 339A modified in its application to accounting periods beginning before 19.3.1991 and ending on or after that date by s. 71(4) of that repealing Act
[^c22754351]: [S. 340](https://www.legislation.gov.uk/ukpga/1988/1/section/340) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22754381]: [S. 341](https://www.legislation.gov.uk/ukpga/1988/1/section/341) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22737451]: [Ss. 338-338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338) substituted for s. 338 (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/2)
[^c23426421]: [S. 342A](https://www.legislation.gov.uk/ukpga/1988/1/section/342A) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/3)
[^c23426871]: [S. 343ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/343ZA) inserted (with effect in accordance with [s. 89(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/1)
[^c23426771]: [S. 343A](https://www.legislation.gov.uk/ukpga/1988/1/section/343A) inserted (19.7.2007, the inserted subsections (2) and (3) having effect in accordance with [Sch. 6 para. 1(3)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/2)
[^c21591591]: [S. 345](https://www.legislation.gov.uk/ukpga/1988/1/section/345) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591611]: [S. 346](https://www.legislation.gov.uk/ukpga/1988/1/section/346) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591631]: [S. 347](https://www.legislation.gov.uk/ukpga/1988/1/section/347) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c23513371]: [S. 351](https://www.legislation.gov.uk/ukpga/1988/1/section/351) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 36(6), Sch.14 Part IV, Note 5 (with s. 36(3))
[^c23428261]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/149) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22742051]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) inserted (with application in accordance with [s. 85(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/1)
[^c22742571]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/1)
[^c22741721]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/4)
[^c22738711]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 123](https://www.legislation.gov.uk/ukpga/1995/4/section/123), [Sch. 22 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/2)
[^c22740501]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/1)
[^c22737861]: [S. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/1)
[^c23428351]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22737881]: [S. 353(1A)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/2)
[^c22738621]: [S. 353(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1C/1D) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22766321]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738681]: [S. 353(1E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21593131]: Source-1986 s.26(1)
[^c21593141]: Source-1972 s.75(1A), (2); 1974 s.19(1)(b)
[^c22737901]: [S. 353(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/4/5) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/3), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22740541]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740561]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740571]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593721]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740581]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593732]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4); and s. 356B substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/14)
[^c22740591]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593761]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740601]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766331]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740611]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740621]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594001]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740631]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517651]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740641]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517661]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740651]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740661]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594191]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/48/2)
[^c21594501]: Source-1974 Sch.1 24; 1984 s.22(3)
[^c22740671]: [S. 365(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/aa) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/1)
[^c22740711]: Words in [s. 365(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/d) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/2)
[^c22740691]: [S. 365(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AA) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/2)
[^c22740751]: [S. 365(1AB)-(1AD)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AB) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/3)
[^c21594511]: [S. 365(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A/1B) inserted (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 57(3)(5)(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/57/3/5/6)
[^c22740731]: [S. 365(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A) substituted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/4)
[^c22741761]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/a)
[^c22741781]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/b)
[^c21594531]: Source-1972 Sch.10 7; 1974 Sch.1 25(1)
[^c21594541]: Source-1972 Sch.10 8, 9
[^c22740771]: [S. 367(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594731]: [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1988-89) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 41](https://www.legislation.gov.uk/ukpga/1988/39/section/41) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1989-90) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 46](https://www.legislation.gov.uk/ukpga/1989/26/section/46) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1990-91) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 71](https://www.legislation.gov.uk/ukpga/1990/29/section/71) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1991-92) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 26](https://www.legislation.gov.uk/ukpga/1991/31/section/26) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(4)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/4) (with [s. 10(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/5)) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1993-94) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 55](https://www.legislation.gov.uk/ukpga/1993/34/section/55) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 80](https://www.legislation.gov.uk/ukpga/1994/9/section/80) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 76](https://www.legislation.gov.uk/ukpga/1996/8/section/76) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1997-98) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 57](https://www.legislation.gov.uk/ukpga/1997/16/section/57) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1998-99) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 16](https://www.legislation.gov.uk/ukpga/1997/58/section/16) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1999-2000) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 37](https://www.legislation.gov.uk/ukpga/1999/16/section/37)
[^c21594751]: Source-1972 Sch.9 5(1A); 1984 s.22(1)(c)
[^c22740841]: Words in [s. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/4)
[^c23438171]: [S. 367A](https://www.legislation.gov.uk/ukpga/1988/1/section/367A) inserted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/47) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c22740881]: [S. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) excluded (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(2)-(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/2)
[^c21594981]: Source-1982 s.26(1), (2)
[^c22738251]: Words in [s. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/3)
[^c22740901]: [S. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4)
[^c22741801]: Words in [s. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/3)
[^c22738291]: [S. 369(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/3) substituted for s. 369(3)-(5B) (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/4)
[^c21595061]: Source-1982 s.26(7)
[^c21595071]: [S. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 58(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/58/1/2)
[^c22739921]: [S. 369(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/a) substituted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/a)
[^c22739941]: Words in [s. 369(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/b) inserted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/b)
[^c22739961]: Words in [s. 369(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/c)
[^c22739901]: Words in [s. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/d)
[^c22739981]: [S. 369(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/8/9) inserted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/3)
[^c21595181]: Source-1982 Sch.7 2(1)-(3)
[^c22741051]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/a)
[^c22740921]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22738311]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/a)
[^c22740941]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766391]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/b)
[^c23428491]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 155](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/155) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22740991]: [S. 370(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/c) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741001]: [S. 370(3)(4)(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4/6/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/4), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595261]: Source-1982 Sch.7 3(1)-(3)
[^c22741071]: Words in [s. 370(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/5)
[^c22738331]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/2)
[^c22739101]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21595301]: [S. 371](https://www.legislation.gov.uk/ukpga/1988/1/section/371) repealed (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c22741091]: [S. 372](https://www.legislation.gov.uk/ukpga/1988/1/section/372) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595331]: Source-1982 Sch.7 5(1)-(3); 1985 s.37(2)
[^c22741111]: Words in [s. 373(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741131]: [S. 370(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595421]: Source-1982 Sch.7 5(4); 1983 s.17(2); 1985 s.37(3)
[^c22741161]: Words in [s. 373(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/5) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/c), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595431]: Source-1982 Sch.7 6(1), (2)
[^c22741201]: Words in [s. 373(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/6) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/3)
[^c22741181]: Words in [s. 373(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/d), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595441]: Source-1982 Sch.7 7(1)(a)-(c)
[^c22741221]: [S. 374(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/1/c) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595461]: Source-1982 Sch.7 7(1)(d), (4), (5)
[^c21595471]: Source-1982 Sch.7 7(2)(3)
[^c22741241]: Words in [s. 374(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740041]: Words in [s. 374A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/374A/4) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/7), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21595481]: Source-1982 Sch.7 8
[^c22739311]: [S. 375(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/2/aa) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/2)
[^c22738351]: Words in [s. 375(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/3) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/11)
[^c22739331]: [S. 375(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4/4A) substituted for s. 375(4) (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/3)
[^c22740001]: Words in [s. 375(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4) substituted (with effect in accordance with [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/8)
[^c21595491]: Source-1982 Sch.7 9(1)
[^c21595501]: Source-1982 Sch.7 10(1), (2)
[^c21595511]: Source-1982 Sch.7 11
[^c22739351]: [S. 375(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/4)
[^c22741301]: [S. 375(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8B) inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/1)
[^c22741321]: [S. 375(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/9/10) repealed (with effect in accordance with Sch. 4 para. 18(1) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 1
[^c22741261]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/10), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595831]: Source-1982 Sch.7 13
[^c23427621]: Words in [s. 376(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 52](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/52) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22741351]: Words in [s. 376(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/3) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595841]: Source-1982 Sch.7 14(1); 1983 s.17(3)
[^c22741981]: [S. 376(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/d) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [3(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/3/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22742071]: [S. 376(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/e) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/a)
[^c21595861]: [1985 c. 50](https://www.legislation.gov.uk/ukpga/1985/50).
[^c22742091]: [S. 376(4)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/g) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/b)
[^c21595881]: [1981 c.64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21595891]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c22740371]: [S. 376(4)(ka)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/ka) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140(2)](https://www.legislation.gov.uk/ukpga/1998/38/section/140/2), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 55](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/55); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22740411]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22740391]: [S. 376(4)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/n) repealed (1.10.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 152](https://www.legislation.gov.uk/ukpga/1998/38/section/152), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 18 Pt. 4](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/4); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 4](https://www.legislation.gov.uk/uksi/1998/2244/article/4)
[^c22742111]: [S. 376(4)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/p) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/c)
[^c21595911]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/3/3), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22742131]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/3)
[^c22738411]: [S. 376(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/5) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/1/b), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741371]: [S. 376(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/6) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22742151]: [S. 376A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376A/1A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 24](https://www.legislation.gov.uk/uksi/2001/3629/article/24)
[^c22741281]: [S. 377](https://www.legislation.gov.uk/ukpga/1988/1/section/377) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 12](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/12), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21596051]: Source-1982 s.29; 1984 s.56(2)
[^c22741391]: [S. 378(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/1/2/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741431]: Words in [s. 378(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/3) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/b)
[^c22742171]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "contracts of general insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 25](https://www.legislation.gov.uk/uksi/2001/3629/article/25)
[^c22738471]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "prescribed" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741461]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "qualifying lender" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766421]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "regulations" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741491]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "separated" inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/c)
[^c22739291]: [S. 374A](https://www.legislation.gov.uk/ukpga/1988/1/section/374A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/1)
[^c22739391]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/18)
[^c22738431]: [S. 376A](https://www.legislation.gov.uk/ukpga/1988/1/section/376A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/2)
[^c23428671]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747921]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) cross-heading substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/26) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23428521]: Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747971]: [S. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/27) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22743591]: [S. 383](https://www.legislation.gov.uk/ukpga/1988/1/section/383) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22751071]: [S. 384A](https://www.legislation.gov.uk/ukpga/1988/1/section/384A) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/30) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22744461]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) and preceding cross-heading inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/1)
[^c21597491]: [S. 394](https://www.legislation.gov.uk/ukpga/1988/1/section/394) repealed by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c23448621]: [S. 393B](https://www.legislation.gov.uk/ukpga/1988/1/section/393B) inserted (with effect in accordance with [s. 111(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/1)
[^c21597681]: Source—1973 s.26(2); 1974 s.30(2)
[^c23442201]: [S. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D) title substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/4)
[^c22747531]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22747551]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c23550511]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) inserted (with effect in accordance with [s. 101(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/1)
[^c22749731]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) repealed (with effect in accordance with s. 93(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/1), [Sch. 20 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/21), Note
[^c22749211]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22746631]: [Ss. 403A-403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/2)
[^c22750091]: [Ss. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D), [403E](https://www.legislation.gov.uk/ukpga/1988/1/section/403E) inserted (with effect in accordance with [Sch. 27 para. 6(1)(2)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/2/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/4)
[^c23441711]: [S. 403F](https://www.legislation.gov.uk/ukpga/1988/1/section/403F) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/1)
[^c23441721]: [S. 403G](https://www.legislation.gov.uk/ukpga/1988/1/section/403G) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/2)
[^c23550441]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/124) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23553461]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553471]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553481]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553491]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553501]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553511]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553521]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553531]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553541]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c21601071]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) inserted (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/2), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22857401]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c23572391]: [S. 431ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/431ZA) inserted (with effect in accordance with [Sch. 17 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/6/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/2)
[^c22769731]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) inserted (with application in accordance with [s. 143(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 143(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/4)
[^c22771491]: [Ss. 431B-431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/2)
[^c23595831]: [Ss. 431BA](https://www.legislation.gov.uk/ukpga/1988/1/section/431BA), [431BB](https://www.legislation.gov.uk/ukpga/1988/1/section/431BB) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23595851]: [S. 431EA](https://www.legislation.gov.uk/ukpga/1988/1/section/431EA) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22892971]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771701]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771801]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771831]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771871]: [S. 433](https://www.legislation.gov.uk/ukpga/1988/1/section/433) repealed (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/5), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/2), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22771501]: Cross-heading before s. 432 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600611]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600631]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600551]: [S. 432YA](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA) inserted (8.1.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment No. 2) Order 2006 (S.I. 2006/3387)](https://www.legislation.gov.uk/uksi/2006/3387), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3387/article/1/1), [2](https://www.legislation.gov.uk/uksi/2006/3387/article/2)
[^c22787921]: [S. 432ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22801421]: [Ss. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA), [432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para 39](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/39) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23600641]: [S. 432CA](https://www.legislation.gov.uk/ukpga/1988/1/section/432CA) inserted (with effect in accordance with [s. 47(2)-(4)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/2) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 47(1)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/1)
[^c23600661]: [S. 432CB](https://www.legislation.gov.uk/ukpga/1988/1/section/432CB) inserted (with effect in accordance with [s. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/2) of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/1)
[^c22786571]: [S. 432F](https://www.legislation.gov.uk/ukpga/1988/1/section/432F) inserted (with effect in accordance with [Sch. 8 para. 53](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600531]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) inserted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 4](https://www.legislation.gov.uk/uksi/2004/3266/article/4)
[^c22772131]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/4)
[^c22789741]: [S. 434B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/1) repealed (with effect in accordance with s. 165(4)(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 165(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/165/3), [Sch. 41 Pt 5(25)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/25), Note (with Sch. 14 para. 24)
[^c22793981]: [S. 434B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/2) repealed (with effect in accordance with s. 67(7), Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/4), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22801521]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) repealed (with effect in accordance with Sch. 3 para. 26(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 26(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/26/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22808571]: [S. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22808591]: [S. 434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22772191]: [S. 435](https://www.legislation.gov.uk/ukpga/1988/1/section/435) repealed (with effect in accordance with s. 84(5)(b) of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/5), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22787941]: Words in [s. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772551]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) inserted (2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/49/1); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22809031]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) repealed (with effect in accordance with s. 87(2)(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12)
[^c22772761]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22772951]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799931]: [S. 441A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/1) repealed (with effect in accordance with Sch. 3 para. 9(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/9/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800001]: [S. 441A(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/2) repealed (with effect in accordance with Sch. 4 para. 28(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/28/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22789011]: [S. 441A(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/3) substituted for s. 441A(3)-(6) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/31) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22773211]: [S. 444A](https://www.legislation.gov.uk/ukpga/1988/1/section/444A) inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/7) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/4)
[^c22771511]: Cross-heading before s. 434 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23635511]: [Ss. 434AZA-434AZC](https://www.legislation.gov.uk/ukpga/1988/1/section/434AZA) inserted (with effect in accordance with [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 23 para. 3(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/1)
[^c22788051]: [S. 434B](https://www.legislation.gov.uk/ukpga/1988/1/section/434B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 21(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/21/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788071]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) inserted (with effect in accordance with Sch. 8 paras. 54, 57(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 22](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/22) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788091]: [Ss. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D), [434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 23(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/23/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633431]: [Ss. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A), [436B](https://www.legislation.gov.uk/ukpga/1988/1/section/436B) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/25) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22794081]: [S. 437A](https://www.legislation.gov.uk/ukpga/1988/1/section/437A) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/3)
[^c22808951]: [Ss. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B), [438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/5)
[^c22788421]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/26) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788441]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788951]: [S. 440B](https://www.legislation.gov.uk/ukpga/1988/1/section/440B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633451]: [S. 440C](https://www.legislation.gov.uk/ukpga/1988/1/section/440C) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/9) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23635311]: [S. 440D](https://www.legislation.gov.uk/ukpga/1988/1/section/440D) inserted (27.12.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [art. 3(2)](https://www.legislation.gov.uk/uksi/2007/3430/article/3/2)
[^c22789031]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 32](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/32) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789051]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 34](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/34) (with [Sch. 8 paras. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2), [57(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/2))
[^c23635331]: [Ss. 444AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZA), [444AZB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZB) inserted (19.2.2008 with effect in accordance with art. 1(5) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 9](https://www.legislation.gov.uk/uksi/2008/381/article/9)
[^c23633351]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) inserted (with effect in accordance with [Sch. 33 para. 18(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 18(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/1)
[^c23633371]: [S. 444AB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) inserted (with effect in accordance with [Sch. 33 para. 19(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 19(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/1)
[^c23633411]: [S. 444ABA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA) inserted (with effect in accordance with [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/1)
[^c23635531]: [S. 444ABAA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABAA) inserted (with effect in accordance with [s. 15(11)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/11) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 15(10)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/10)
[^c23633471]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635351]: [S. 444ABBA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABBA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 14](https://www.legislation.gov.uk/uksi/2008/381/article/14)
[^c23633491]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23633501]: [S. 444ABD](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABD) inserted (with effect in accordance with [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/5)
[^c23633521]: [Ss. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC), [444ACZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACZA) substituted for s. 444AC (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/6/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23694771]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) inserted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 8(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/1)
[^c23635371]: [Ss. 444AECA-444AECC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AECA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 22](https://www.legislation.gov.uk/uksi/2008/381/article/22)
[^c21603191]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c23710901]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21603181]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c.34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c22798771]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798781]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798791]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c21603311]: [S. 445](https://www.legislation.gov.uk/ukpga/1988/1/section/445) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/a/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603401]: [S. 446(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/1) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(b)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/b/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603411]: [S. 446(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/2/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/1/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603431]: [S. 446(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/4) repealed by [Finance Act 1990 (c. 29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 132](https://www.legislation.gov.uk/ukpga/1990/29/section/132), [Sch. 19 Pt. IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/IV).
[^c21603521]: [S. 447(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/1/2) and (4) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(c)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/c/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603541]: [S. 447(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 7(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603591]: [S. 448](https://www.legislation.gov.uk/ukpga/1988/1/section/448) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2)d), 213, Sch. 23 Pt.III (9), note
[^c21603611]: [S. 449](https://www.legislation.gov.uk/ukpga/1988/1/section/449) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(e)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/e),213, Sch. 23 Pt. III (9), note
[^c21603791]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12) notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21603971]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the repealing Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes. 1 and 5
[^c21604111]: SS. 450-457 repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604161]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), SCh. 23, Pt.III (12), notes 1 and 5)
[^c21604241]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604271]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604321]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604371]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c22885991]: [S. 458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/3)
[^c23572371]: [Ss. 444AF-444AL](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF) and preceding cross-heading inserted (with effect in accordance with [Sch. 11 para. 5(2)-(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/1)
[^c22798801]: [Ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) and preceding cross-heading inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 166](https://www.legislation.gov.uk/ukpga/1996/8/section/166), [Sch. 32 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/32/paragraph/1)
[^c21605821]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605831]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605841]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605921]: [S. 462A](https://www.legislation.gov.uk/ukpga/1988/1/section/462A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/2)
[^c21606481]: [S. 465A](https://www.legislation.gov.uk/ukpga/1988/1/section/465A) inserted (19.12.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.13](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/13), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717841]: [S. 461D](https://www.legislation.gov.uk/ukpga/1988/1/section/461D) inserted (with effect in accordance with [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/1)
[^c21607411]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(1)(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/1/5)
[^c22813161]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c21607421]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718801]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607461]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718821]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607491]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718841]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607511]: [S. 468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468D) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 79](https://www.legislation.gov.uk/ukpga/1989/26/section/79)
[^c23718861]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607561]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22790461]: [S. 468E](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c22790541]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c21607611]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753451]: [S. 468F](https://www.legislation.gov.uk/ukpga/1988/1/section/468F) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c21607651]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753471]: [S. 468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468G) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c23719061]: [S. 468A](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 16](https://www.legislation.gov.uk/ukpga/2005/22/section/16)
[^c22753401]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 111(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/111/2)
[^c23719691]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719711]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719721]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22800231]: [S. 468K](https://www.legislation.gov.uk/ukpga/1988/1/section/468K) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11)
[^c23719731]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719251]: [S. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M) substituted for ss. 468M, 468N (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/3)
[^c23719741]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719311]: Words in [s. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) sidenote inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/7)
[^c23719751]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719781]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719761]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719771]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719371]: [Ss. 468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA), [468PB](https://www.legislation.gov.uk/ukpga/1988/1/section/468PB) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(9)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/9)
[^c23719791]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22801151]: [S. 468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468R) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23721291]: [S. 470(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/1/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23)
[^c23721281]: [S. 470(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/2) ceased to have effect (29.4.1988) by virtue of s. 470(3) below and [S.I. 1988/745](https://www.legislation.gov.uk/uksi/1988/745), [art. 2](https://www.legislation.gov.uk/uksi/1988/745/article/2)
[^c22803971]: [S. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) inserted (with effect in accordance with [s. 68(3)-(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1)
[^c22801561]: [S. 471](https://www.legislation.gov.uk/ukpga/1988/1/section/471) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/1), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22801581]: [S. 472](https://www.legislation.gov.uk/ukpga/1988/1/section/472) repealed (with effect in accordance with s. 101(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/2), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 2
[^c22791901]: [S. 474(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/1/3) repealed (with effect in accordance with Sch. 7 para. 32-35, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 7 para. 18, Sch. 41 Pt. 5(2)
[^c22791931]: [S. 474(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/2) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/2), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22765331]: [S. 474(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/3) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/2)
[^c23721941]: [S. 472A](https://www.legislation.gov.uk/ukpga/1988/1/section/472A) inserted (with effect in accordance with [s. 54(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/54/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 54](https://www.legislation.gov.uk/ukpga/2004/12/section/54) (as amended (retrospectively) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7))
[^c22754241]: [Ss. 468H-468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) and cross-headings inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/2)
[^c23724591]: [S. 476](https://www.legislation.gov.uk/ukpga/1988/1/section/476) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/2), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724611]: [S. 477](https://www.legislation.gov.uk/ukpga/1988/1/section/477) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/3), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608281]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) inserted (with effect in accordance with [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 4(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/1)
[^c23724891]: [S. 478](https://www.legislation.gov.uk/ukpga/1988/1/section/478) repealed (with effect in accordance with s. 199(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23724911]: [S. 479](https://www.legislation.gov.uk/ukpga/1988/1/section/479) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/5), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724931]: [S. 480](https://www.legislation.gov.uk/ukpga/1988/1/section/480) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/6), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608511]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c21608531]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c21608541]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724731]: [S. 480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 185](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/185), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723831]: [S. 483(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/483/1)(5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/12), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c22792181]: [S. 484](https://www.legislation.gov.uk/ukpga/1988/1/section/484) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22792201]: [S. 485](https://www.legislation.gov.uk/ukpga/1988/1/section/485) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21608391]: [S. 477B](https://www.legislation.gov.uk/ukpga/1988/1/section/477B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/3/1/2)
[^c23723881]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.75](https://www.legislation.gov.uk/ukpga/1991/31/section/75)
[^c22806081]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) repealed (with effect in accordance with s. 145(11), Sch. 40 Pt. 5 Note of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 145(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/145/10), [Sch. 40 Pt. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/5)
[^c23726811]: [S. 494](https://www.legislation.gov.uk/ukpga/1988/1/section/494) sidenote substituted (with effect in accordance with [s. 38(7)-(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/5)
[^c23728641]: [S. 496](https://www.legislation.gov.uk/ukpga/1988/1/section/496) sidenote substituted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/5)
[^c22801721]: [S. 497](https://www.legislation.gov.uk/ukpga/1988/1/section/497) repealed (with effect in accordance with Sch. 3 para. 29(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 29(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/29/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22801791]: [S. 498](https://www.legislation.gov.uk/ukpga/1988/1/section/498) repealed (with effect in accordance with Sch. 3 para. 30(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 30(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/30/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 30(3))
[^c22801801]: [S. 499](https://www.legislation.gov.uk/ukpga/1988/1/section/499) repealed (with effect in accordance with Sch. 3 para. 31(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/31/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804801]: [S. 494AA](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA) inserted (with application in accordance with [s. 100(2)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/2/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/1)
[^c22801441]: [S. 494A](https://www.legislation.gov.uk/ukpga/1988/1/section/494A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 30](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/30) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23726021]: [S. 496A](https://www.legislation.gov.uk/ukpga/1988/1/section/496A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/2)
[^c23726041]: [S. 496B](https://www.legislation.gov.uk/ukpga/1988/1/section/496B) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/2)
[^c22813751]: [S. 501A](https://www.legislation.gov.uk/ukpga/1988/1/section/501A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 91](https://www.legislation.gov.uk/ukpga/2002/23/section/91), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22813901]: [S. 501B](https://www.legislation.gov.uk/ukpga/1988/1/section/501B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 92(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/92/1), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22805801]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 98](https://www.legislation.gov.uk/ukpga/1999/16/section/98)
[^c23729321]: [S. 502GB](https://www.legislation.gov.uk/ukpga/1988/1/section/502GB) inserted (with effect in accordance with [Sch. 20 para. 9(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/6) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/3)
[^c23729341]: [S. 502GC](https://www.legislation.gov.uk/ukpga/1988/1/section/502GC) inserted (with effect in accordance with [Sch. 20 para. 9(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/4)
[^c23729361]: [S. 502GD](https://www.legislation.gov.uk/ukpga/1988/1/section/502GD) inserted (with effect in accordance with [Sch. 33 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/3) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/1)
[^c23729301]: [S. 502GA](https://www.legislation.gov.uk/ukpga/1988/1/section/502GA) and preceding cross-heading inserted (with effect in accordance with [Sch. 20 para. 9(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/2)
[^c23729851]: Words in [s. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802741]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 42](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/42) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23731411]: [S. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) heading substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/g)
[^c23732981]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23733001]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c21610541]: [S. 510A](https://www.legislation.gov.uk/ukpga/1988/1/section/510A) inserted (retrospective to 1.7.1989) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 11 paras. 1](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/1), [5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/5)
[^c22809771]: [S. 511(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/1)(6) repealed (9.11.2001) by [Electricity Act 1989 (c. 29)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1989/29/section/113/2), [Sch. 18](https://www.legislation.gov.uk/ukpga/1989/29/schedule/18); [S.I. 2001/3419](https://www.legislation.gov.uk/uksi/2001/3419), [art. 2](https://www.legislation.gov.uk/uksi/2001/3419/article/2)
[^c21610641]: [S. 511(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/4/5) repealed (1.4.1992) by [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231), [art. 95(4)](https://www.legislation.gov.uk/nisi/1992/231/article/95/4), [Sch.14](https://www.legislation.gov.uk/nisi/1992/231/schedule/14); [S.R. 1992/117](https://www.legislation.gov.uk/nisr/1992/117), [art. 3(1)](https://www.legislation.gov.uk/nisr/1992/117/article/3/1)
[^c23732961]: [S. 512](https://www.legislation.gov.uk/ukpga/1988/1/section/512) repealed (with effect in accordance with s. 46(4)(c)-(e) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(c)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/c/d), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(7)); and s. 512(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23732941]: [S. 514](https://www.legislation.gov.uk/ukpga/1988/1/section/514) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 200](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/200), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611041]: [S. 519A](https://www.legislation.gov.uk/ukpga/1988/1/section/519A) inserted (17.9.1990) by [National Health Service and Community Care Act 1990 (c. 19)](https://www.legislation.gov.uk/ukpga/1990/19), [ss. 61(1)](https://www.legislation.gov.uk/ukpga/1990/19/section/61/1), [67(2)](https://www.legislation.gov.uk/ukpga/1990/19/section/67/2); [S.I. 1990/1329](https://www.legislation.gov.uk/uksi/1990/1329), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1990/1329/article/2/5/a), [Sch. 2](https://www.legislation.gov.uk/uksi/1990/1329/schedule/2)
[^c23729671]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 197](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/197) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729691]: [Ss. 506A-506C](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) inserted (with effect in accordance with [s. 54(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 54(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/1)
[^c22793631]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/1)
[^c23572351]: [Pt. 12 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5A) (ss. 502A-502L) inserted (with effect in accordance with [Sch. 8 para. 15](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/15) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/11)
[^c22781151]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781171]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781181]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781191]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734121]: Word in [s. 525](https://www.legislation.gov.uk/ukpga/1988/1/section/525) sidenote omitted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611301]: Source - 1970 s.384
[^c22771341]: [S. 527(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/3) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 5 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c23734951]: [S. 529](https://www.legislation.gov.uk/ukpga/1988/1/section/529) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/206), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781231]: [S. 530](https://www.legislation.gov.uk/ukpga/1988/1/section/530) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/47), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781731]: [S. 534](https://www.legislation.gov.uk/ukpga/1988/1/section/534) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781751]: [S. 535](https://www.legislation.gov.uk/ukpga/1988/1/section/535) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781771]: [S. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c21611651]: [Ss. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) and preceding cross-heading inserted (1.8.1989) by [Intellectual Property Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(6)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/6); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22781791]: [S. 538](https://www.legislation.gov.uk/ukpga/1988/1/section/538) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22797451]: [Pt. 13 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/1) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 20](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/20)
[^c23748731]: [S. 549](https://www.legislation.gov.uk/ukpga/1988/1/section/549) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 219](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/219), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748751]: [S. 550](https://www.legislation.gov.uk/ukpga/1988/1/section/550) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/220), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748771]: [S. 551](https://www.legislation.gov.uk/ukpga/1988/1/section/551) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/221), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782501]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23747361]: Words in [s. 552(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747041]: Words in [s. 552(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747101]: Words in [s. 552(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747121]: Words in [s. 552(5)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747141]: Words in [s. 552(5)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747161]: Words in [s. 552(5)(c)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/v) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747061]: [S. 552(5)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/e) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747081]: [S. 552(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747031]: [S. 552(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/5)
[^c23747181]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747221]: Words in [s. 552(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747321]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): words in definition of "amount" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747341]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): definition of "chargeable event" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748321]: Words in [s. 552ZA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 223](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/223) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22780521]: [S. 522A](https://www.legislation.gov.uk/ukpga/1988/1/section/522A) restricted (6.4.1999) by [The Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881)](https://www.legislation.gov.uk/uksi/1999/881), [reg. 11(2)](https://www.legislation.gov.uk/uksi/1999/881/regulation/11/2)
[^c23748121]: Words in [s. 552A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22797621]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12) power exercised: 6.4.1999 appointed by [S.I. 1999/881](https://www.legislation.gov.uk/uksi/1999/881), [reg. 3](https://www.legislation.gov.uk/uksi/1999/881/regulation/3)
[^c23748061]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "capital redemption policy" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748081]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "contract for a life annuity" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748101]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "policy of life insurance" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782541]: [S. 552B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/2) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 19](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/19)
[^c23748261]: [S. 552B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748791]: [S. 554](https://www.legislation.gov.uk/ukpga/1988/1/section/554) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/229), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777841]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/3/2) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16))
[^c22780461]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 35(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/35/7), [36(3)-(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/36/3) (as amended by [The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174)](https://www.legislation.gov.uk/uksi/1998/3174), [reg. 12](https://www.legislation.gov.uk/uksi/1998/3174/regulation/12))
[^c22780481]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999 with effect in accordance with reg. 1 of the affecting S.I.) by [The Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029)](https://www.legislation.gov.uk/uksi/1999/1029), [reg. 6(2)-(8)](https://www.legislation.gov.uk/uksi/1999/1029/regulation/6/2) (as amended (6.4.2002) by [The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002 (S.I. 2002/455)](https://www.legislation.gov.uk/uksi/2002/455), [regs. 1](https://www.legislation.gov.uk/uksi/2002/455/regulation/1), [2](https://www.legislation.gov.uk/uksi/2002/455/regulation/2))
[^c23735051]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/3)
[^c23735061]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/15)
[^c23735091]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [2(1)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/2/1), [38(3)-(8)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/38/3); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23735101]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 14(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/14/5)
[^c23735071]: [S. 539ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/539ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23735031]: [S. 539A](https://www.legislation.gov.uk/ukpga/1988/1/section/539A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/2)
[^c22782261]: [S. 546A](https://www.legislation.gov.uk/ukpga/1988/1/section/546A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/9)
[^c22782281]: [Ss. 546B-546D](https://www.legislation.gov.uk/ukpga/1988/1/section/546B) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/10)
[^c22779141]: [S. 547A](https://www.legislation.gov.uk/ukpga/1988/1/section/547A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/2)
[^c23735111]: [Ss. 548A](https://www.legislation.gov.uk/ukpga/1988/1/section/548A), [548B](https://www.legislation.gov.uk/ukpga/1988/1/section/548B) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/1)
[^c22779161]: [Ss. 551A](https://www.legislation.gov.uk/ukpga/1988/1/section/551A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/3)
[^c22782521]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23748041]: [S. 552ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZB) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/10)
[^c22779181]: [Ss. 552A](https://www.legislation.gov.uk/ukpga/1988/1/section/552A), [552B](https://www.legislation.gov.uk/ukpga/1988/1/section/552B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 87](https://www.legislation.gov.uk/ukpga/1998/36/section/87)
[^c22779201]: [S. 553A](https://www.legislation.gov.uk/ukpga/1988/1/section/553A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/1)
[^c22779221]: [S. 553B](https://www.legislation.gov.uk/ukpga/1988/1/section/553B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/2)
[^c22779241]: [S. 553C](https://www.legislation.gov.uk/ukpga/1988/1/section/553C) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 89](https://www.legislation.gov.uk/ukpga/1998/36/section/89)
[^c22779781]: Word in [s. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) sidenote substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23749261]: [S. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/231), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775021]: [S. 563](https://www.legislation.gov.uk/ukpga/1988/1/section/563) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/5), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22783081]: [S. 559A](https://www.legislation.gov.uk/ukpga/1988/1/section/559A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/1)
[^c21614031]: Source-1970 s.406
[^c23749561]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22779901]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21614041]: Source-1970 s.407; 1971 Sch.6 45
[^c21614051]: Source-1970 s.408
[^c22779911]: Words in [s. 570(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22776131]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776471]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/b)
[^c22776501]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/c)
[^c22776521]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) added (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/d)
[^c21614061]: Source-1970 s.409
[^c21614071]: Source-1970 s.410
[^c23754361]: [S. 576A](https://www.legislation.gov.uk/ukpga/1988/1/section/576A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/121) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754401]: [S. 576C](https://www.legislation.gov.uk/ukpga/1988/1/section/576C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754421]: [S. 576D](https://www.legislation.gov.uk/ukpga/1988/1/section/576D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/124) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754441]: [S. 576E](https://www.legislation.gov.uk/ukpga/1988/1/section/576E) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754461]: [S. 576F](https://www.legislation.gov.uk/ukpga/1988/1/section/576F) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 126](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/126) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754481]: [S. 576G](https://www.legislation.gov.uk/ukpga/1988/1/section/576G) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754501]: [S. 576H](https://www.legislation.gov.uk/ukpga/1988/1/section/576H) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/128) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754521]: [S. 576I](https://www.legislation.gov.uk/ukpga/1988/1/section/576I) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/129) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754581]: [S. 576K](https://www.legislation.gov.uk/ukpga/1988/1/section/576K) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/131) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754381]: [S. 576B](https://www.legislation.gov.uk/ukpga/1988/1/section/576B) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/122) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754541]: [S. 576J](https://www.legislation.gov.uk/ukpga/1988/1/section/576J) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/130) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754561]: [S. 576L](https://www.legislation.gov.uk/ukpga/1988/1/section/576L) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/132) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614481]: [S. 577A](https://www.legislation.gov.uk/ukpga/1988/1/section/577A) inserted (with application in accordance with [s. 123(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/2) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 123(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/1/2)
[^c23762911]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762931]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762951]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762971]: [S. 581](https://www.legislation.gov.uk/ukpga/1988/1/section/581) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/241), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614611]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/1)
[^c23762991]: [S. 583](https://www.legislation.gov.uk/ukpga/1988/1/section/583) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 244](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/244), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763011]: [S. 585](https://www.legislation.gov.uk/ukpga/1988/1/section/585) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 246](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/246), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614811]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/1) (with application as referred to in Sch. 12 para. 5 of that Act)
[^c22783241]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) sidenote substituted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/4)
[^c23762891]: [S. 589](https://www.legislation.gov.uk/ukpga/1988/1/section/589) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 68](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/68), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614841]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c21614851]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c23762491]: [S. 589B(1)-(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22782811]: [S. 589B(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/4/4A) substituted for s. 589B(4) (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 13](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/13)
[^c22781691]: [Ss. 578A](https://www.legislation.gov.uk/ukpga/1988/1/section/578A), [578B](https://www.legislation.gov.uk/ukpga/1988/1/section/578B) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 52](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/52) (with [Sch. 3 para. 113](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/113))
[^c22776541]: [Ss. 580A](https://www.legislation.gov.uk/ukpga/1988/1/section/580A), [580B](https://www.legislation.gov.uk/ukpga/1988/1/section/580B) inserted (with effect in accordance with [s. 143(2)-(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 143(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/1)
[^c23754861]: [S. 580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580C) inserted (with effect in accordance with [s. 147(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/3)
[^c23754881]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 242](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/242) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781081]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1)
[^c23754901]: [S. 587BA](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/138) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783361]: [S. 587C](https://www.legislation.gov.uk/ukpga/1988/1/section/587C) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/5)
[^c23754351]: [Pt 13 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/6): ss. 573, 575 and 576 transposed to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 paras. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3), [119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7), [120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733521]: [Pt. 13 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/5A) created (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23485291]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561951]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485311]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561971]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485321]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561981]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485331]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485341]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561961]: [S. 591A](https://www.legislation.gov.uk/ukpga/1988/1/section/591A) inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s.35](https://www.legislation.gov.uk/ukpga/1991/31/section/35)
[^c23485351]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21615481]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) inserted (retrospectively) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 36(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/1/3)
[^c23485361]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485371]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485381]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22888681]: [Ss. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C), [591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591D) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1)
[^c23485391]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485401]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485411]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23481531]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481551]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23561991]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481561]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23562001]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481571]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481581]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481591]: [S. 597](https://www.legislation.gov.uk/ukpga/1988/1/section/597) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 76](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/76), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485421]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23485431]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23562471]: [S. 599A](https://www.legislation.gov.uk/ukpga/1988/1/section/599A) inserted (with effect in accordance with [Sch. 6 para. 18(9)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/9) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/12)
[^c23485441]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23481601]: [S. 600](https://www.legislation.gov.uk/ukpga/1988/1/section/600) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 78](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/78), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485451]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485461]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485471]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22891971]: [S. 596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C) inserted (with effect in accordance with [s. 93(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3)
[^c23485481]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485491]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485501]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485511]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485521]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485531]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485541]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485551]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485561]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485571]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485591]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21616331]: [S. 611A](https://www.legislation.gov.uk/ukpga/1988/1/section/611A) inserted (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 paras. 15](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/15), [18(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/1)
[^c23485581]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485601]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22887611]: [S. 605A](https://www.legislation.gov.uk/ukpga/1988/1/section/605A) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 106(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/1)
[^c22892311]: [S. 606A](https://www.legislation.gov.uk/ukpga/1988/1/section/606A) inserted (with effect in accordance with [Sch. 15 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/1)
[^c22887691]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) inserted (with application in accordance with [s. 103(3)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/3) of the amending Act) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/1)
[^c21614871]: [Pt. 14 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/1) (ss. 590-612) modified (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 18](https://www.legislation.gov.uk/ukpga/1993/8/section/18), [19(4)](https://www.legislation.gov.uk/ukpga/1993/8/section/19/4), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21616421]: Source-1970 s.211(1), (4)
[^c23481791]: [S. 613(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616441]: Source-1970 s.211(2) 1981 s.50(1); PPA 1987 Sch.3 2(1)
[^c23486211]: Word in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486231]: [S. 613(4)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/b) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893861]: [S. 613(4)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/bb) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c23486181]: Words in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22887731]: [S. 614(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/1) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c21616501]: Source-1970 s.213(1)
[^c21616511]: [1935 c. 2](https://www.legislation.gov.uk/ukpga/1935/2).
[^c21616521]: [1973 c. 21](https://www.legislation.gov.uk/ukpga/1973/21).
[^c22889521]: [S. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/34) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23483781]: Words in [s. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 261](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/261) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616531]: Source-1970 s.214(2), 216(2); 1973 s.53(1)
[^c23482251]: Words in [s. 614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 84](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/84) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616541]: Source-1970 s.217(2), (4)
[^c21616551]: [1966 c. 21](https://www.legislation.gov.uk/ukpga/1966/21).
[^c21616561]: Source-1970 s.218(1)
[^c21616571]: Source-1970 s.212(3), 213(1), 214(3), 216(2), 217(2), 218(1); 1987 Sch.15 2(13)
[^c23481801]: [S. 615(1)(2)(4)(5)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/1/2/4/5/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 85](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/85), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616951]: Source-1970 s.218(3)
[^c21616991]: Source-1970 s.218(4)
[^c22893881]: Words in [s. 615(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/6/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/11)
[^c21617001]: Source-1970 s.214(5), 215(3), 216(4), 217(4)
[^c21617011]: [1971 c. 56](https://www.legislation.gov.uk/ukpga/1971/56).
[^c22900881]: [S. 615(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/9/10) inserted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 9(3)](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/9/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c23481611]: [S. 616](https://www.legislation.gov.uk/ukpga/1988/1/section/616) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 86](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/86), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481971]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/88), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481951]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) inserted (prosp.) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/2002/21/schedule/3/paragraph/14) (the insertion being brought into force at 6.4.2003 by [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(d)(iii)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/d/iii))
[^c23485611]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485621]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485631]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485641]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485651]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485661]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485671]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485681]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485691]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901101]: [S. 627](https://www.legislation.gov.uk/ukpga/1988/1/section/627) repealed (with effect as mentioned in s. 228(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 228(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/228/2/a), [Sch. 26 Pt. 5(25)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/25), Note 1
[^c23485701]: [S. 628](https://www.legislation.gov.uk/ukpga/1988/1/section/628) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893921]: [S. 629](https://www.legislation.gov.uk/ukpga/1988/1/section/629) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21618141]: Source-1970 s.229
[^c21618151]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c23485711]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485721]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485731]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897701]: [S. 631A](https://www.legislation.gov.uk/ukpga/1988/1/section/631A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 7](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23485741]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485751]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485761]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485771]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485781]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485791]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485801]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485811]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485821]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485831]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485841]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485851]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485861]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485871]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897721]: [Ss. 632A](https://www.legislation.gov.uk/ukpga/1988/1/section/632A), [632B](https://www.legislation.gov.uk/ukpga/1988/1/section/632B) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22888971]: [S. 634A](https://www.legislation.gov.uk/ukpga/1988/1/section/634A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/4)
[^c22889111]: [S. 636A](https://www.legislation.gov.uk/ukpga/1988/1/section/636A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/7)
[^c22889151]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c22898641]: [S. 638ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/638ZA) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 14](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/14) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22892371]: [S. 638A](https://www.legislation.gov.uk/ukpga/1988/1/section/638A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/1)
[^c23485881]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485891]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618751]: [S. 640A](https://www.legislation.gov.uk/ukpga/1988/1/section/640A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/1)
[^c23485901]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22898961]: [S. 641](https://www.legislation.gov.uk/ukpga/1988/1/section/641) repealed (with effect in accordance with Sch. 13 para. 17 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 3 (with Sch. 13 Pt. 2)
[^c23485911]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899051]: [S. 642](https://www.legislation.gov.uk/ukpga/1988/1/section/642) repealed (with effect in accordance with Sch. 13 para. 19 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 4 (with Sch. 13 Pt. 2)
[^c23485921]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485931]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485941]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485951]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618991]: [S. 646A](https://www.legislation.gov.uk/ukpga/1988/1/section/646A) inserted (with effect in accordance with [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/1)
[^c23485961]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485971]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485981]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485991]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899001]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) inserted (with effect in accordance with [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899321]: [Ss. 646B](https://www.legislation.gov.uk/ukpga/1988/1/section/646B), [646C](https://www.legislation.gov.uk/ukpga/1988/1/section/646C) inserted (with effect in accordance with [Sch. 13 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899381]: [S. 646D](https://www.legislation.gov.uk/ukpga/1988/1/section/646D) inserted (with effect in accordance with [Sch. 13 para. 23(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23481621]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481631]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481641]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486001]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22889261]: Cross-heading preceding s. 648A omitted (1.5.1995) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22889231]: [S. 648B](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c23486011]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486021]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486031]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486041]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486051]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22900041]: [S. 652](https://www.legislation.gov.uk/ukpga/1988/1/section/652) repealed (1.10.2000) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/4), [Sch. 27 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/21), Note; [S.I. 2000/2319](https://www.legislation.gov.uk/uksi/2000/2319), [art. 2](https://www.legislation.gov.uk/uksi/2000/2319/article/2)
[^c23486061]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486071]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486081]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486091]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22892441]: [S. 650A](https://www.legislation.gov.uk/ukpga/1988/1/section/650A) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/1)
[^c22892461]: [S. 651A](https://www.legislation.gov.uk/ukpga/1988/1/section/651A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/1)
[^c22892481]: [S. 653A](https://www.legislation.gov.uk/ukpga/1988/1/section/653A) inserted (with effect in accordance with [s. 97(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/1)
[^c22888871]: [Pt. 14 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/5) excluded (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 60(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/5)
[^c22887791]: [S. 648A](https://www.legislation.gov.uk/ukpga/1988/1/section/648A) and preceding cross-heading inserted (with application in accordance with [s. 109(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/1)
[^c23568701]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21619451]: [S. 659](https://www.legislation.gov.uk/ukpga/1988/1/section/659) repealed (with effect in accordance with s. 81(7)(8) of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/4), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 9
[^c21619461]: [S. 659A](https://www.legislation.gov.uk/ukpga/1988/1/section/659A) inserted (with effect in accordance with [s. 81(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/5) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/2)
[^c23486321]: Words in [s. 659A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659A/1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486111]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486131]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486121]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23568791]: [S. 659E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/2): entries repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901211]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 98(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/98/1)
[^c22888751]: [Ss. 659B](https://www.legislation.gov.uk/ukpga/1988/1/section/659B), [659C](https://www.legislation.gov.uk/ukpga/1988/1/section/659C) inserted (with effect in accordance with [s. 60](https://www.legislation.gov.uk/ukpga/1995/4/section/60) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/5)
[^c22901291]: [S. 659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659D) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 17](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/17)
[^c22901331]: [S. 659E](https://www.legislation.gov.uk/ukpga/1988/1/section/659E) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2)
[^c23763571]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763591]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763491]: [S. 660C(1)-(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23312361]: [S. 660C(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1A) inserted (with effect in accordance with [Sch. 4 para. 14(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/3)
[^c23763471]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763611]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763631]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763651]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763671]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23288571]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) excluded (with effect in accordance with s. 44(6) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/44/1)
[^c23288581]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) modified (with effect in accordance with s. 45(3) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/45/1)
[^c23765121]: [S. 677](https://www.legislation.gov.uk/ukpga/1988/1/section/677) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/274), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765141]: [S. 678](https://www.legislation.gov.uk/ukpga/1988/1/section/678) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/275), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313211]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313231]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313241]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23765161]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765181]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900941]: [Pt. 15 Ch. 1B](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1B) heading inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/8)
[^c23313251]: [S. 682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/11)
[^c22900961]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900971]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900981]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900991]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313571]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) sidenote substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/8)
[^c23767191]: [S. 688](https://www.legislation.gov.uk/ukpga/1988/1/section/688) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 279](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/279), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313831]: [S. 689](https://www.legislation.gov.uk/ukpga/1988/1/section/689) repealed (with effect in accordance with s. 74(2), Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/15), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22901001]: Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765271]: [Ss. 685A-685G](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) inserted (coming into force and with effect in accordance with [Sch. 13 para. 1(2)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/1)
[^c23313651]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/9)
[^c23765231]: [Ss. 686B](https://www.legislation.gov.uk/ukpga/1988/1/section/686B), [686C](https://www.legislation.gov.uk/ukpga/1988/1/section/686C) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 100](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/100) (with [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23765251]: [S. 686D](https://www.legislation.gov.uk/ukpga/1988/1/section/686D) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/1)
[^c23765291]: [S. 686E](https://www.legislation.gov.uk/ukpga/1988/1/section/686E) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/2/3)
[^c23313631]: [S. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) inserted (with effect in accordance with [s. 27(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 27(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/1)
[^c22900951]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) heading substituted for heading before s. 686 (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765221]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 457(1)(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/457/1/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767891]: [S. 694](https://www.legislation.gov.uk/ukpga/1988/1/section/694) sidenote substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/4/paragraph/2)
[^c23288561]: [Pt. 15](https://www.legislation.gov.uk/ukpga/1988/1/part/15) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 6(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22900921]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) inserted (in place of ss. 660-676, 683-685) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/1)
[^c23313851]: [Pt. 15 Ch. 1D](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1D) (ss. 689A, 689B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16)
[^c23769431]: Word in [s. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621991]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23770801]: [S. 699](https://www.legislation.gov.uk/ukpga/1988/1/section/699) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 289](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/289), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901551]: [S. 699A](https://www.legislation.gov.uk/ukpga/1988/1/section/699A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/4)
[^c23314131]: [Ss. 705A](https://www.legislation.gov.uk/ukpga/1988/1/section/705A), [705B](https://www.legislation.gov.uk/ukpga/1988/1/section/705B) inserted (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/24)
[^c22992681]: [S. 724](https://www.legislation.gov.uk/ukpga/1988/1/section/724) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c21624971]: [S. 725](https://www.legislation.gov.uk/ukpga/1988/1/section/725) repealed (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c21625001]: [S. 726](https://www.legislation.gov.uk/ukpga/1988/1/section/726) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21625011]: [S. 726A](https://www.legislation.gov.uk/ukpga/1988/1/section/726A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/2), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c23006161]: [S. 722A](https://www.legislation.gov.uk/ukpga/1988/1/section/722A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/6)
[^c22903261]: [S. 727A](https://www.legislation.gov.uk/ukpga/1988/1/section/727A) inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/1) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c22992701]: [S. 729](https://www.legislation.gov.uk/ukpga/1988/1/section/729) repealed (with effect in accordance with s. 159(1)(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23774521]: [S. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) heading substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/12)
[^c23782261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 301](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/301), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22903331]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/1)
[^c23774831]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 12](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/12)
[^c23006261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/7)
[^c21625441]: [S. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2(a)](https://www.legislation.gov.uk/uksi/1992/173/regulation/2/a); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(a)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/a), [4(1)](https://www.legislation.gov.uk/uksi/1993/933/regulation/4/1))
[^c23131691]: [S. 737](https://www.legislation.gov.uk/ukpga/1988/1/section/737) repealed (with effect in accordance with Sch. 10 para. 16(1), Sch. 18 Pt. 6(10) Notes 3, 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 8](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/8), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3)); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23130271]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) inserted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776191]: [S. 736C](https://www.legislation.gov.uk/ukpga/1988/1/section/736C) inserted (with effect in accordance with [Sch. 6 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/1)
[^c23776211]: [S. 736D](https://www.legislation.gov.uk/ukpga/1988/1/section/736D) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/3)
[^c22902581]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 122](https://www.legislation.gov.uk/ukpga/1994/9/section/122)
[^c23781481]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by virtue of [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/4)
[^c22903631]: [Ss. 737D](https://www.legislation.gov.uk/ukpga/1988/1/section/737D), [737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 83(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/83/1)
[^c23782541]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/4/5)
[^c23782681]: [S. 742](https://www.legislation.gov.uk/ukpga/1988/1/section/742) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/5/6)
[^c23782561]: [S. 741A](https://www.legislation.gov.uk/ukpga/1988/1/section/741A) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/3)
[^c23782581]: [Ss. 741B](https://www.legislation.gov.uk/ukpga/1988/1/section/741B), [741C](https://www.legislation.gov.uk/ukpga/1988/1/section/741C) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/4)
[^c23782601]: [S. 741D](https://www.legislation.gov.uk/ukpga/1988/1/section/741D) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/5)
[^c23787951]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 24(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/24/1), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23228321]: [S. 748](https://www.legislation.gov.uk/ukpga/1988/1/section/748) sidenote substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229041]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228571]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228611]: [S. 753](https://www.legislation.gov.uk/ukpga/1988/1/section/753) repealed (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229001]: [S. 755](https://www.legislation.gov.uk/ukpga/1988/1/section/755) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/12), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22903691]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/2)
[^c23783101]: [S. 748ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/5)
[^c23312911]: [S. 748A](https://www.legislation.gov.uk/ukpga/1988/1/section/748A) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/2)
[^c23229061]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23310811]: [S. 750A](https://www.legislation.gov.uk/ukpga/1988/1/section/750A) inserted (with effect in accordance with [Sch. 31 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3)
[^c23783061]: [S. 751AA](https://www.legislation.gov.uk/ukpga/1988/1/section/751AA) inserted (with effect in accordance with [Sch. 16 para. 25](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/25) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 23](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/23)
[^c23783081]: [S. 751AB](https://www.legislation.gov.uk/ukpga/1988/1/section/751AB) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/2)
[^c23783121]: [S. 751AC](https://www.legislation.gov.uk/ukpga/1988/1/section/751AC) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/7)
[^c23228591]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229081]: [S. 754A](https://www.legislation.gov.uk/ukpga/1988/1/section/754A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229101]: [S. 754B](https://www.legislation.gov.uk/ukpga/1988/1/section/754B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229121]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229141]: [S. 755B](https://www.legislation.gov.uk/ukpga/1988/1/section/755B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/14); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229161]: [S. 755C](https://www.legislation.gov.uk/ukpga/1988/1/section/755C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/15); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23311081]: [S. 755D](https://www.legislation.gov.uk/ukpga/1988/1/section/755D) inserted (with effect in accordance with [Sch. 31 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/1)
[^c23790471]: [S. 764](https://www.legislation.gov.uk/ukpga/1988/1/section/764) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 23](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/23), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23788241]: [Ss. 762ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZA), [762ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZB) inserted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 94](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/94)
[^c23788221]: [S. 762A](https://www.legislation.gov.uk/ukpga/1988/1/section/762A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788201]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) and preceding cross-headings inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21627061]: [S. 765A](https://www.legislation.gov.uk/ukpga/1988/1/section/765A) inserted (with effect in accordance with [s. 68(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/2)
[^c21627211]: [S. 768A](https://www.legislation.gov.uk/ukpga/1988/1/section/768A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 20(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/1)
[^c23790991]: [S. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B) sidenote substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/7)
[^c23229571]: [S. 767AA](https://www.legislation.gov.uk/ukpga/1988/1/section/767AA) inserted (with effect in accordance with [s. 114(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/1)
[^c23229591]: [S. 767C](https://www.legislation.gov.uk/ukpga/1988/1/section/767C) inserted (with effect in accordance with [s. 115(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 115(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/1)
[^c22903801]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/2)
[^c23229611]: [S. 768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 31](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/31) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23313061]: [S. 768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768E) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/3)
[^c23229641]: [S. 770A](https://www.legislation.gov.uk/ukpga/1988/1/section/770A) substituted for ss. 770-773 (with effect in accordance with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23790671]: [S. 775A](https://www.legislation.gov.uk/ukpga/1988/1/section/775A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/1)
[^c23790691]: [Ss. 785ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZA), [785ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZB) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/2)
[^c23790651]: [S. 785A](https://www.legislation.gov.uk/ukpga/1988/1/section/785A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 135(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/1)
[^c23790751]: [Ss. 785B-785E](https://www.legislation.gov.uk/ukpga/1988/1/section/785B) inserted (with effect in accordance with [Sch. 20 para. 1(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 1(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/1) (with transitional modifications in [Sch. 20 para. 1(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/3))
[^c23790711]: [Ss. 774A-774G](https://www.legislation.gov.uk/ukpga/1988/1/section/774A) and preceding cross-heading inserted (with effect in accordance with [Sch. 6 para. 6(2)-(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/1)
[^c22810311]: Word in [s. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c21627711]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22894971]: Word in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/3)
[^c22895131]: Words in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/3)
[^c22894431]: [S. 793A](https://www.legislation.gov.uk/ukpga/1988/1/section/793A) inserted (with effect in accordance with [Sch. 30 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/1)
[^c22894451]: [S. 795A](https://www.legislation.gov.uk/ukpga/1988/1/section/795A) inserted (with effect in accordance with [Sch. 30 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/1)
[^c22894321]: [S. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/43) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894681]: [S. 797B](https://www.legislation.gov.uk/ukpga/1988/1/section/797B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/4)
[^c22894341]: [S. 798A](https://www.legislation.gov.uk/ukpga/1988/1/section/798A) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 104](https://www.legislation.gov.uk/ukpga/1998/36/section/104)
[^c22894361]: [S. 798B](https://www.legislation.gov.uk/ukpga/1988/1/section/798B) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 105](https://www.legislation.gov.uk/ukpga/1998/36/section/105)
[^c23803101]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c22895851]: [S. 800](https://www.legislation.gov.uk/ukpga/1988/1/section/800) repealed (with effect in accordance with Sch. 30 para. 10(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/10/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22896251]: [S. 802](https://www.legislation.gov.uk/ukpga/1988/1/section/802) repealed (with effect in accordance with Sch. 30 para. 14(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 14(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/14/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895991]: [S. 801A](https://www.legislation.gov.uk/ukpga/1988/1/section/801A) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/1)
[^c22896011]: [S. 801B](https://www.legislation.gov.uk/ukpga/1988/1/section/801B) inserted (with effect in accordance with [Sch. 30 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/1)
[^c22896031]: [S. 801C](https://www.legislation.gov.uk/ukpga/1988/1/section/801C) inserted (with effect in accordance with [Sch. 30 para. 13(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/1)
[^c22896051]: [S. 803A](https://www.legislation.gov.uk/ukpga/1988/1/section/803A) inserted (with effect in accordance with [Sch. 30 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/1)
[^c22897451]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) sidenote substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/5)
[^c21628031]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) inserted (with effect in accordance with [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/5)
[^c23804151]: [Ss. 804ZA-804ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA) inserted (with effect in accordance with [s. 87(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/1)
[^c22897151]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) inserted (with effect in accordance with [Sch. 30 para. 17(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 17(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/1)
[^c22897171]: [Ss. 804C-804E](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) inserted (with effect in accordance with [Sch. 30 para. 18(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/1)
[^c22897191]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) inserted (with effect in accordance with [Sch. 30 para. 19(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/1)
[^c23804171]: [S. 804G](https://www.legislation.gov.uk/ukpga/1988/1/section/804G) inserted (with effect in accordance with [s. 59(13)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/13) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/2)
[^c21627851]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22897951]: [Ss. 806A-806H](https://www.legislation.gov.uk/ukpga/1988/1/section/806A), [806J](https://www.legislation.gov.uk/ukpga/1988/1/section/806J) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 21(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/1)
[^c22897971]: [S. 806K](https://www.legislation.gov.uk/ukpga/1988/1/section/806K) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/1)
[^c22897991]: [Ss. 806L](https://www.legislation.gov.uk/ukpga/1988/1/section/806L), [806M](https://www.legislation.gov.uk/ukpga/1988/1/section/806M) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 23(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/1)
[^c21628131]: [S. 808A](https://www.legislation.gov.uk/ukpga/1988/1/section/808A) inserted (16.7.1992 with application in relation to interest paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.52](https://www.legislation.gov.uk/ukpga/1992/48/section/52)
[^c22899601]: [S. 810](https://www.legislation.gov.uk/ukpga/1988/1/section/810) repealed (with effect in accordance with Sch. 30 para. 26(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 26(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/26/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c21628341]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 50](https://www.legislation.gov.uk/ukpga/1992/48/section/50)
[^c21628361]: [S. 815B](https://www.legislation.gov.uk/ukpga/1988/1/section/815B) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/1)
[^c22900261]: Word in [s. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c23811001]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c22898071]: [S. 807A](https://www.legislation.gov.uk/ukpga/1988/1/section/807A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/46) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22898091]: [S. 808B](https://www.legislation.gov.uk/ukpga/1988/1/section/808B) inserted (with effect in accordance with [Sch. 30 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/1)
[^c23806191]: [S. 815AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AZA) inserted (with effect in accordance with [s. 59(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/1)
[^c22898111]: [S. 815AA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA) inserted (with effect in accordance with [Sch. 30 para. 28(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 28(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/1)
[^c22898131]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/1)
[^c22900391]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/10) (as amended by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 122(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/122/4/5)) (with Sch. 20 para. 12(2)(a))
[^c22900401]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87)
[^c23798871]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 107(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/107/5)
[^c23798881]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12E(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16))
[^c23798891]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30E(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19))
[^c23798901]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12C(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8))
[^c23798911]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10))
[^c23798921]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87A(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87A/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/12))
[^c23798931]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 140H(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140H/3), [140I(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140I/3), [140J(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140J/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1))
[^c23798941]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 paras. 12H(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12H/3), [12I(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12I/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/2))
[^c23798951]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 paras. 30G(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30G/3), [30H(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30H/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/4))
[^c23798961]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 85B(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85B/3), [85C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85C/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/5))
[^c23798971]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23798981]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (with effect in accordance with s. 56(3) of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2009/10/section/56/1)
[^c23812421]: [S. 820](https://www.legislation.gov.uk/ukpga/1988/1/section/820) applied (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)(2)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1/2), [Sch. 2 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/160)
[^c21628511]: Source—1970 s.520
[^c21628521]: Source—1970 s.521; 1972 Sch.24 29; 1983 s.27.
[^c23812431]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812451]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812471]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812491]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812521]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800531]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/22)
[^c23812541]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628531]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(7)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/7); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816) art. 2
[^c22800561]: [S. 821(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21628541]: Source—1970 s.522; 1971 Sch.6 76; 1972 Sch.24 30
[^c22800621]: Words in [s. 822(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/822/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/23)
[^c21628821]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173](https://www.legislation.gov.uk/ukpga/1993/34/section/173), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3), [Sch. 19 Pt. III para. 13(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19/part/III/paragraph/13/4)
[^c22800861]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c23813151]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4)
[^c22800701]: [S. 824(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21628871]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/b)
[^c21628881]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801911]: [S. 824(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(d)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/d)
[^c22801811]: [S. 824(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2B) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/2)
[^c22801851]: [S. 824(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2C) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/2)
[^c22800731]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23813081]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 108](https://www.legislation.gov.uk/ukpga/2004/12/section/108)
[^c22801831]: [S. 824(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/aa) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/3)
[^c22801871]: [S. 824(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/ab) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/3)
[^c22800891]: [S. 824(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/a/b) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/2)
[^c22800931]: Words in [s. 824(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/c) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/3)
[^c22800911]: [S. 824(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4/4A) substituted for s. 824(4) (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/4)
[^c23813061]: Words in [s. 824(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 104](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/104) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800751]: [S. 824(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/5) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/a), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629001]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(f)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/f)
[^c21629011]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c23813131]: [S. 824(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629031]: Source—1975 (No.2) s.47(11), (12).
[^c23813111]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800791]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/b), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629041]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 110(5)(6)-(9)](https://www.legislation.gov.uk/ukpga/1989/26/section/110/5/6)
[^c23813161]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 33](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/33) (as amended by [The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569)](https://www.legislation.gov.uk/uksi/2006/569), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/569/regulation/1/1), [5(6)(7)](https://www.legislation.gov.uk/uksi/2006/569/regulation/5/6/7)) (with Sch. 36)
[^c21629051]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 111(4)(5)-(8)](https://www.legislation.gov.uk/ukpga/1989/26/section/111/4/5)
[^c22800811]: [S. 824(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/10) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/c), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629171]: Source—1975 (No.2) s.48(1), (2)
[^c21629181]: Words in [s. 825(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/1/a) repealed (for accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Note 6
[^c21629191]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) repealed (with effect in relation to payments made on and after 6.4.1993) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 158(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/158/2), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/8), Note 5; [S.I. 1993/753](https://www.legislation.gov.uk/uksi/1993/753)
[^c21629201]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) substituted (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 179(1)(a)(vii)](https://www.legislation.gov.uk/ukpga/1989/26/section/179/1/a/vii); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c21629211]: [S. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/a)
[^c21629231]: Source—1975 (No.2) s.48(4)-(9)
[^c21629241]: [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(6)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/6) [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120](https://www.legislation.gov.uk/ukpga/1995/4/section/120), [Sch. 24 para. 12(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/5)
[^c21629251]: Words in [s. 825(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.22](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22)
[^c22801931]: [S. 825(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/d) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21629271]: Words in [s. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/b)
[^c22802091]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c22803051]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) applied (with modifications) (7.1.1999 in accordance with reg. 1(2) of the affecting S.I.) by [The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175)](https://www.legislation.gov.uk/uksi/1998/3175), [reg. 8](https://www.legislation.gov.uk/uksi/1998/3175/regulation/8) (as amended by: [S.I. 2005/889](https://www.legislation.gov.uk/uksi/2005/889), [regs. 1(1)(3)](https://www.legislation.gov.uk/uksi/2005/889/regulation/1/1/3), [7](https://www.legislation.gov.uk/uksi/2005/889/regulation/7); [S.I. 2011/1785](https://www.legislation.gov.uk/uksi/2011/1785), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1785/regulation/1), [11](https://www.legislation.gov.uk/uksi/2011/1785/regulation/11); [S.I. 2017/1072](https://www.legislation.gov.uk/uksi/2017/1072), [regs. 1](https://www.legislation.gov.uk/uksi/2017/1072/regulation/1), [10](https://www.legislation.gov.uk/uksi/2017/1072/regulation/10))
[^c23813721]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)(6)(b)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4/6/b)
[^c21629411]: Source—1987 (No.2) s.87
[^c21629401]: [S. 826(1)(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/8/9) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c22801941]: [S. 826(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/2)
[^c22803111]: [S. 826(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/d) and preceding word inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/2)
[^c22803291]: [S. 826(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/e) and preceding word inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/2)
[^c22803411]: [S. 826(1)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/da) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/2)
[^c23813731]: [S. 826(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/f) and preceding word inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/2); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c21629431]: Words in [s. 826(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1) substituted (retrospectively) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 180(6)(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/180/6/7)
[^c22802801]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/1)
[^c22801981]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 42](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/42); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22801961]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/3)
[^c22803001]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) repealed (with effect in accordance with Sch. 3 para. 38(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802821]: Words in [s. 826(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3) substituted (with effect in accordance with [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/1)
[^c22803131]: [S. 826(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3A) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/3)
[^c22803281]: [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36).
[^c22803431]: [S. 826(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3AA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/3)
[^c22803311]: [S. 826(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3B) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/3)
[^c23813751]: [S. 826(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3C) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/3); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803071]: Words in [s. 826(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4) substituted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/a)
[^c22802121]: [S. 826(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/5)
[^c22803091]: Words in [s. 826(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a/i) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/b)
[^c22802981]: [S. 826(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5A) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/4)
[^c22803021]: [S. 826(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7) repealed (with effect in accordance with Sch. 3 para. 38(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21629471]: [S. 826(7A)(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A/7B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 23](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23)
[^c21629481]: Words in [s. 826(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/2)
[^c22802881]: Words in [s. 826(7)(7A)(7B)(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7/7A/7B/7C) substituted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/2)
[^c21629491]: [S. 826(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/3/5)
[^c22803031]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802231]: [S. 826(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7B) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22803211]: [S. 826(7BB)(7BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7BB/7BC) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/2)
[^c21629521]: [S. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/5)
[^c22802141]: Words in [s. 826(7C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/a) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802161]: Words in [s. 826(7C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802041]: Words in [s. 826(7C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/c) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/a)
[^c22802061]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/b)
[^c22802021]: [S. 826(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7CA) inserted (with effect in accordance with [Sch. 24 para. 12(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/2)
[^c22803061]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802901]: [S. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/3)
[^c22803231]: Words in [s. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/3)
[^c22802921]: [S. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/4)
[^c22803251]: Words in [s. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/4)
[^c22802841]: [S. 826(8A)-(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A) inserted (with effect in accordance with [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/1)
[^c22803151]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/a)
[^c22803331]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/a)
[^c23813771]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/a); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803171]: [S. 826(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b) substituted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/b)
[^c22803471]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/b)
[^c22803351]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/b)
[^c23813791]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/4/b); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803191]: [S. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/5)
[^c22803491]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/5)
[^c22803371]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/a)
[^c23813811]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (1.1.2007) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1), [Sch. 5 para. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/26/5); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c22803391]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/b)
[^c22800351]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22800361]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c21629661]: Source—1970 ss.65(5), 204, 231(3), 343 (1A); 1970(F) s.29(6), Sch.5 2(3), 10; 1972 ss.91(3), 108(4); 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A, (4) Sch.4 16(2); 1980 s.24(9); [Sch.10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) 13(3); 1982 ss.28(5), 29(1), (3), Sch.7 14(2); 1984 ss.26(1), 88(8), 126(1), Sch.8 2(1)(f), 3A; 1983 Sch.5 5A(9), 6(8); 1986 s.28, 61, Sch.11 11, Sch.12 3, Sch.17 6(7).
[^c23815221]: [S. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) excluded by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 22C(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/22C/3) (as inserted (1.7.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 7 paras. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/8), [18(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/18/1) (with [Sch. 7 paras. 19-21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/19)))
[^c21629681]: Source—1970 ss.65(5), 204, 343(1B); 1970(F) s.29(8), Sch.5 2(3), 10; 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A(4); 1982 s.29(5); 1983 Sch.5 5A(9), 6(9); 1984 ss.26(6), 88(8), Sch.8 2(1), 3A; 1986 ss.26, 27(7), 55, Sch.11 11, Sch.12 3, Sch.17 6(7)
[^c23815251]: [S. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) modified (20.3.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 1030(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/1030/4), [1034(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/4/b)
[^c23815121]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 180(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/180/2)
[^c23815201]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22803751]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (with effect in accordance with Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21629701]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/2)
[^c21629711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/16)
[^c22803741]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/2)
[^c21629721]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(34)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/34)
[^c23815101]: [S. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815231]: [S. 828(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/6) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 34](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/34) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816161]: [S. 830(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 106](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/106), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800331]: [S. 826A](https://www.legislation.gov.uk/ukpga/1988/1/section/826A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/2)
[^c23811391]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 333](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/333) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629861]: Source—1970 s.526(1), (2); 1987 Sch.15 12
[^c23816541]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITEPA 2003" inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 107](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/107) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816561]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITTOIA 2005" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629871]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1990 Act" inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(35)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/35); and that amendment continued by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/59)
[^c21629881]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1992 Act" inserted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22803801]: [S. 831(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/4) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 144(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/144/2)
[^c21629891]: [1987 c. 42](https://www.legislation.gov.uk/ukpga/1987/42).
[^c21629901]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21629911]: [1986 c. 9](https://www.legislation.gov.uk/ukpga/1986/9).
[^c21629921]: Source—1970 s.540(2)
[^c21629931]: Words in [s. 831(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/5) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23820331]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/25), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c22806921]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c21631481]: [S. 842A](https://www.legislation.gov.uk/ukpga/1988/1/section/842A) inserted (1.4.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.127(1)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/127/1/4)
[^c23812171]: [S. 834A](https://www.legislation.gov.uk/ukpga/1988/1/section/834A) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/274) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812191]: [S. 834B](https://www.legislation.gov.uk/ukpga/1988/1/section/834B) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/275) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812211]: [S. 834C](https://www.legislation.gov.uk/ukpga/1988/1/section/834C) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/276) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22805631]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/2)
[^c23811481]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 340](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/340) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22805561]: [S. 837A](https://www.legislation.gov.uk/ukpga/1988/1/section/837A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/1)
[^c22805581]: [S. 837B](https://www.legislation.gov.uk/ukpga/1988/1/section/837B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/2)
[^c23811461]: [S. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1)
[^c23812101]: [S. 840ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/840ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805501]: [S. 840A](https://www.legislation.gov.uk/ukpga/1988/1/section/840A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/1)
[^c22805521]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/26) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22805481]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/1)
[^c22805611]: [S. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/1)
[^c21631551]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(56)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/56) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22807521]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c21631561]: Words in [s. 843(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/4) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21631571]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c23389411]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21853671]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/1) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22720851]: [Sch. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2) repealed (with effect in accordance with Sch. 14 Pt. IV Note 9 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 75, 148, Sch.14 Part IV
[^c21853701]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/27), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21846651]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23389421]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 342](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/342), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390441]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/344), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777311]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) repealed (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1/2), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23390511]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21633181]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23390521]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390531]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390541]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22205081]: [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8) repealed (with effect in accordance with s. 61(2)(3), Sch. 18 Pt. 6(3) Notes 1-3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3)
[^c21634111]: Source—1978 Sch.9 1(1)(a); 1980 Sch.10 1(1)(a); 1984 Sch.10 1(1)
[^c21634121]: Source—1978 Sch.9 1(5); 1980 Sch.10 1(2); 1984 Sch.10 1(2)
[^c21634131]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(3)
[^c21634141]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(4)
[^c21634151]: Source—1978 Sch.9 1(1)(b); 1980 Sch.10 1(1), (b); 1984 Sch.10 1(1); 1987 Sch.15 13
[^c21634161]: [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(1)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/1/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21634171]: Source—1978 s.54(1); 1986 s.24(3)(a)
[^c22225551]: [Sch. 9 para. 2(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2A/2B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/1/3)
[^c21634181]: Source—1978 Sch.9 2(3), (4); 1980 Sch.10 1(1)(aa), (ab), (1A); 1983 s.25(5); 1984 s.39(2)
[^c22225621]: [Sch. 9 para. 3(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/ca) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/2/3)
[^c22225931]: [Sch. 9 para. 3(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/f) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/1)
[^c21634191]: Source—1978 Sch.9 3(3)
[^c22225951]: [Sch. 9 para. 3(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/4) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/2)
[^c22181491]: [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/4) modified (with effect in accordance with Sch. 16 para. 1 of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/4)
[^c21634201]: Source—1978 Sch.9 3(2); 1980 Sch.10 3(2); 1984 Sch.10 2(2)
[^c23392191]: [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/5) modified (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 158](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/158)
[^c21634211]: Source—1978 Sch.9 4; 1980 Sch.10 4; 1984 Sch.10 3
[^c21634231]: Source—1978 s.53(7); 1980 Sch.10 25; 1984 Sch.10 14
[^c23392121]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634241]: Source—1978 Sch.9 11(1), (2); 1980 Sch.10 23; 1984 Sch.10 4(1)(b), (3)
[^c21634251]: [Sch. 9 Pt. II para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/II/paragraph/8A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(5)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/5/6)
[^c21634261]: Source—1978 Sch.9 1(1), (3); 1980 Sch.10 5(a); 1984 Sch.10
[^c22225451]: Words in [Sch. 9 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/9/1) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/2/5)
[^c21634271]: Source—1978 Sch.9 5; 1980 Sch.10 15; 1984 Sch.10 7
[^c21634281]: [Sch. 9 para. 10(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/10/c/ii) and preceding word repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 64](https://www.legislation.gov.uk/ukpga/1989/26/section/64), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c21634291]: Source—1978 Sch.9 6; 1980, s.46(10), Sch.10 16; 1984 Sch.10 8
[^c22194561]: Words in [Sch. 9 para. 11(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11/a/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(j)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/j)
[^c21634321]: Source—1978 Sch.9 7; 1980 Sch.10 17; 1984 Sch.10 9; 1986 s.22, 24(2)
[^c22225511]: Words in [Sch. 9 para. 12(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1/c) substituted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/a/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c22225531]: [Sch. 9 para. 12(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1A/1B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/b/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c21634331]: Source—1980 Sch.10 18; 1982 s.41; 1984 Sch.10 10; 1986 s.23(4)
[^c21634341]: [Sch. 9 para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/13/3) added (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 69(1)](https://www.legislation.gov.uk/ukpga/1988/39/section/69/1)
[^c21634351]: Source—1978 Sch.9 8; 1980 s.46(11), Sch.10 19; 1984 Sch.10 11; 1986 s.23(3)
[^c21634361]: Source—1980 Sch.10, 10A; 1984 Sch.10 4A; 1987 Sch.4 1, 2; 1987 (No.2) s.59
[^c21634371]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634381]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21634391]: Source—1987 Sch.4 3
[^c23392201]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22225471]: [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/3/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c23392091]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392111]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634771]: Source—1978 Sch.9 1(3)
[^c21634781]: Source—1978 Sch.9 3(2)
[^c21634801]: Source—1978 Sch.9 1 (4); 1983 s.25(1)
[^c21634811]: Source—1978 s.53(4)
[^c21634821]: Source—1978 Sch.9 12
[^c21634831]: Source—1978 Sch.9 13; 1980 s.46(13)
[^c21880401]: Words in [Sch. 9 para. 32(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/32/1) substituted (with effect in accordance with [s. 101(9)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/9/10) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/5)
[^c21634841]: Source—1978 Sch.9 14
[^c21880421]: [Sch. 9 para. 33(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/33/a) modified (with effect in accordance with s. 101(11)(12) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/6) (with [s. 101(14)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/14))
[^c21634851]: Source—1978 Sch.9 15
[^c21634861]: Source—1978 Sch.9 9
[^c21634871]: Source—1978 Sch.9 10
[^c21634881]: Source—1978 Sch.9 2; 1983 s.25(4)
[^c21884191]: Words in [Sch. 9 para. 36(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/36/1/a) substituted (with application in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/4)
[^c21634891]: Source—1987 Sch.4 6-8
[^c21634901]: [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/40) and preceding cross-heading inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 65](https://www.legislation.gov.uk/ukpga/1989/26/section/65)
[^c23392211]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634091]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22180901]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 115](https://www.legislation.gov.uk/ukpga/1996/8/section/115)
[^c22181041]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22225871]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/1/2)
[^c23392221]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634921]: Source—1978 s.54(2); 1979 Sch.7
[^c21880321]: [Sch. 10 para. 1(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/1/cc) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/2)
[^c21634931]: Source—1978 s.54(1A); 1980 s.46(2)
[^c21634941]: Source—1978 s.54(3)
[^c21880361]: [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/4) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/3)
[^c21634991]: Source—1978 s.54(4), (5); 1980 s.46(3); 1986 s.24(3)
[^c22194851]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/b)
[^c22201621]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [art. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2))
[^c21635021]: Words in [Sch. 10 para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c21635031]: Word at the end of Sch. 10 para. 2(c) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [9](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/9)
[^c21635041]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c22162701]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(b)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/b), [s. 178(3)](https://www.legislation.gov.uk/ukpga/1995/26/section/178/3)
[^c22181091]: [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3) substituted (with effect in accordance with [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/1)
[^c23393091]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778221]: Words in [Sch. 10 para. 3A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(c)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/c)
[^c22778231]: Words in [Sch. 10 para. 3A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/4) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(d)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/d)
[^c22778211]: [Sch. 10 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/100/3)
[^c21635091]: Source—1978 s.56(2)-(5)
[^c21635111]: Source—1978 s.57; 1979(C) Sch.7
[^c21635121]: Word in [Sch. 10 para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(58)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/58) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21880381]: [Sch. 10 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5A) inserted (with effect in accordance with [s. 101(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/4) (with [s. 101(13)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/13))
[^c21635131]: Source—1978 s.58; 1983 s.25(1)
[^c23393111]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635141]: Source—1978 s.59; 1980 s.46(8); 1987 Sch.15 11(3)
[^c23393121]: Words in [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393141]: Words in [Sch. 10 para. 7(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393181]: Word in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/i), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393161]: Words in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634911]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22181061]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392231]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393261]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 114](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/114), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635371]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c23394021]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 115](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/115), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394041]: [Sch. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 116](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/116), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394061]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 117](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/117), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394051]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 118](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/118), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778561]: [Sch. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13) repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/41/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22779711]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) repealed (with effect in accordance with Sch. 3 para. 42(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 42(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/42/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23394071]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3-5](https://www.legislation.gov.uk/uksi/2003/962/article/3))
[^c21636171]: [Sch. 14 para. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/2/3) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch.14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 6
[^c23403071]: Cross-heading preceding Sch. 14 para. 1 substituted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/3)
[^c21636201]: Source—1976 Sch.4 11; 1979/1576; 1982 s.35(2), (4); 1970 s.10
[^c21636211]: Words in [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1/b) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636281]: Source—1976 Sch.4 13; 1978 Sch.3 7; 1980 s.29(2)(c); 1987 Sch.15 9
[^c21636291]: Words in [Sch. 14 para. 3(1)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/1/3/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636311]: Words in [Sch. 14 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/3/a) substituted (6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21636341]: Words in [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/4) repealed (with effect in accordance with s. 173 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/9), Note
[^c21636351]: [1969 c.19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21636361]: Source—1976 Sch.4 14; 1978 Sch.3 2, 8
[^c21636371]: Source—1976 Sch.4 14A; 1978 Sch.3 9
[^c23403131]: Words in [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 119](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/119) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21636381]: Source—1976 Sch.4 15
[^c22780441]: Words in [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/2) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/2), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21636401]: Source—1976 Sch.4 16; 1978 Sch.3 10
[^c22780431]: Words in [Sch. 14 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/1) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22223751]: [Sch. 14 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/a) substituted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/a)
[^c22223781]: Words in [Sch. 14 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/b) inserted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/b)
[^c22223801]: Words in [Sch. 14 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/c)
[^c22223841]: Words in [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3) substituted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/d)
[^c22223861]: [Sch. 14 para. 7(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/4/5) added (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/4)
[^c21636411]: Source—1970 s.19(5)
[^c21636421]: Source—1984 s.72(2)-(4), (6), (7)
[^c22224031]: Words in [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/5)
[^c22224051]: [Sch. 14 para. 8(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/6)
[^c22780451]: [Sch. 14 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8/a) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(b)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/b)
[^c21636441]: Source—1970 Sch.1 1(1)-(4A); 1975 Sch.2 4(2), (3)
[^c21636451]: Source—1975 Sch.2 4(4)
[^c22224071]: Words in [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/1/6) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/a); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636461]: Source—1970 Sch.1 1(5)-(7); 1975 Sch.2 4(5), (6)
[^c21636471]: Source—1975 Sch.2 4(1)
[^c21636481]: Source—1970 Sch.1 2; 1975 Sch.2 4(7), (8)
[^c22224091]: Words in [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/2/2) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/b); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636491]: Source—1975 Sch.2 4(1)
[^c21636621]: Source—1970 ss.334(2)–(4), 337(5)(a), Sch.1 3, 3A; 1984 s.72(a); 1985 s.41(4), (6), Sch.10 Pt.I; 1979/1576
[^c21636631]: Words in [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636641]: [Sch. 15 para. 3(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1/c) and word preceding it repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 9 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/4/1/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c22783601]: [Sch. 15 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/3), [Sch. 29 Pt. 8(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/6)
[^c21636701]: Words in [Sch. 15 para. 3(2)(c)(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c/4/c) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/3/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636711]: [Sch. 15 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636541]: Words in [Sch. 15 para. 3(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/ii) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 49(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/49/5)
[^c23394081]: [Sch. 15 para. 3(8)(b)(iii)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/iii/c) and word preceding para. (b)(iii) repealed (retrospectively with effect in accordance with s. 172(6) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/3), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 3
[^c21636781]: [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 19(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/6), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22783611]: Words in [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/2)
[^c21636821]: Source—1970 Sch.1, 3; 1985 s.41(4)
[^c21636831]: Words in [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636851]: Source—FSA 1974 s.64(2B); 1985 s.41(1); 1987 s.30(6)
[^c23820431]: [Sch. 15 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6A) inserted (with effect in accordance with [s. 178](https://www.legislation.gov.uk/ukpga/2012/14/section/178) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 13(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13/6)
[^c21636861]: Source—1970 Sch.1 4; 1976 Sch.4 12
[^c21636871]: Source—1975 Sch.2 7; 1976 Sch.4 19(4)
[^c22783711]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c22783691]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/8)
[^c21636881]: Source—1970 Sch.1 5
[^c21636891]: Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)
[^c22783631]: Words in [Sch. 15 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/11/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/3)
[^c21636911]: [1974 c. 49](https://www.legislation.gov.uk/ukpga/1974/49).
[^c21636921]: Source—1970 Sch.1 6, 7
[^c23820501]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/1)
[^c23820531]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) heading substituted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/2)
[^c21636931]: Source—1980 s.30; 1984 s.74; 1982 s.35(3)
[^c22783651]: Words in [Sch. 15 para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/4)
[^c22783671]: [Sch. 15 para. 14(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/5)
[^c21636961]: Source—1970 Sch.1 8
[^c21636971]: Source—1984 s.72(9)(a)
[^c21636981]: Source—1970 Sch.1 9(1), (2)
[^c21636991]: Word in [Sch. 15 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/2/a) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [10](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/10)
[^c21637001]: Source—1970 Sch.1 9(3); 1984 s.76(3), (6)
[^c23820571]: Words in [Sch. 15 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637011]: Source—1975 Sch.2 5
[^c21637021]: Source—1970 Sch.1 10
[^c21637031]: Word in [Sch. 15 para. 18(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [11](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/11)
[^c22224111]: [Sch. 15 para. 18(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/9)
[^c22783721]: [Sch. 15 para. 18(3)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c/i) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c23820691]: [Sch. 15 para. 18(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/d) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(2)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/2/4/6)
[^c23820671]: [Sch. 15 para. 18(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/4) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/4)
[^c21637041]: Source—1975 Sch.2 3
[^c21637051]: Source—1982 s.34
[^c23820991]: [Sch. 15 para. 20ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20ZA) and preceding cross-heading inserted (1.4.2011 with effect in accordance with art. 15(2) of the amending S.I.) by The Enactment of Extra-[Statutory Concessions Order 2011 (S.I. 2011/1037)](https://www.legislation.gov.uk/uksi/2011/1037), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1037/article/1), [15(1)](https://www.legislation.gov.uk/uksi/2011/1037/article/15/1)
[^c23821011]: [Sch. 15 paras. B1-B3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/B1), cross-headings and preceding heading inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/3)
[^c23820741]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23820721]: [Sch. 15 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(4)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/4/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637101]: Source—1984 Sch.15 Pt.II 1
[^c21637111]: Source—1975 Sch.2 1A; 1984 Sch.5 Pt.I
[^c22783761]: [Sch. 15 para. 24(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2/2A) substituted for para. 24(2) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(a)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/a/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783871]: Words in [Sch. 15 para. 24(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2A) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783781]: Words in [Sch. 15 para. 24(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23821121]: Words in [Sch. 15 para. 24(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3/b/c) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/4)
[^c22783811]: [Sch. 15 para. 24(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/4) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637121]: Source—1984 Sch.15 Pt.II 2-4
[^c22783831]: [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(6)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/6/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783891]: Words in [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783851]: Word in [Sch. 15 para. 27(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/27/1) substituted (except for specified purposes) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(7)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/7/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21636431]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/5) (2)
[^c22783591]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/4/2/3)
[^c23820911]: [Sch. 15 Pt. A1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/part/A1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/2)
[^c23821411]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 345](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/345), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821711]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821731]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821741]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784011]: [Sch. 15B Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/2) applied (1.5.1995) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 151A(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/151A/6) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3))
[^c23838611]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) repealed and replaced (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1/c), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23822181]: [Sch. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 103](https://www.legislation.gov.uk/ukpga/1989/26/section/103), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Notes 1, 3
[^c21638151]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) inserted (for accounting periods beginning on or after 1 January 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799861]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (with effect in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22799851]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) repealed (with effect in accordance with s. 87(2)-(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note (the provisions of Sch. 19AB not applying in relation to tax credits in respect of distributions made on or after 6th April 2004)
[^c21638371]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c23822971]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21638581]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) inserted (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 58(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/58/4/a/5), [Sch. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/5)
[^c21638591]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) repealed and superseded (with [Sch. 19](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19) of the amending Act) (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/173/2), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c23822991]: Words in [Sch. 19B para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/a)
[^c23823011]: Words in [Sch. 19B para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/b)
[^c23823031]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/a)
[^c23823051]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/b)
[^c23823071]: [Sch. 19B para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/3/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/c)
[^c23823091]: Words in [Sch. 19B para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/6/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/6)
[^c23823111]: Words in [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(7)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/7)
[^c23823131]: [Sch. 19B para. 16(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/16/2A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(8)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/8)
[^c23823151]: [Sch. 19B para. 22(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/22/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/10)
[^c23823171]: [Sch. 19B para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/18A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(9)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/9)
[^c22776191]: [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/43), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22781711]: Words in [Sch. 21 para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 65](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/65)
[^c22780141]: Words in [Sch. 21 para. 6(1)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/b/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22774581]: [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/2) repealed (with effect in accordance with s. 164(1)(2) of the repealing Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164(4)(5)](https://www.legislation.gov.uk/ukpga/1990/1/section/164/4/5), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c21638971]: Source—[1970 c.10](https://www.legislation.gov.uk/ukpga/1970/10), [Sch.11](https://www.legislation.gov.uk/ukpga/1970/10/schedule/11)
[^c23824201]: [Sch. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23824221]: [Sch. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23826351]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21639191]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c23316941]: Words in [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23317001]: [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/2)
[^c23317431]: Words in [Sch. 24A para. 1(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24A/paragraph/1/3A/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317451]: [Sch. 24 para. 1(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A/b/i) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317491]: Words in [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317511]: Words in [Sch. 24 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317531]: [Sch. 24 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317551]: Words in [Sch. 24 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826371]: Words in [Sch. 24 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23317061]: [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/6) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/3)
[^c23317181]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/4)
[^c23317571]: Words in [Sch. 24 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317591]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319061]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) excluded (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116/3)
[^c23826541]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) restricted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 870(4)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/870/4/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23317241]: [Sch. 24 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/5)
[^c23317611]: Words in [Sch. 24 para. 4(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319081]: [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) modified (29.5.2001 with effect in accordance with reg. 1 of the modifying S.I.) by [The General Insurance Reserves (Tax) Regulations 2001 (S.I. 2001/1757)](https://www.legislation.gov.uk/uksi/2001/1757), [reg. 8(3)](https://www.legislation.gov.uk/uksi/2001/1757/regulation/8/3)
[^c23317281]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/6/a)
[^c23317631]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317651]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317321]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/7)
[^c23317731]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/4), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23316821]: [Sch. 24 para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/4) applied (with modifications) (23.3.1995) by [The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994 (S.I. 1994/3227)](https://www.legislation.gov.uk/uksi/1994/3227), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3227/regulation/1/2), [6](https://www.legislation.gov.uk/uksi/1994/3227/regulation/6)
[^c23317671]: Words in [Sch. 24 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317341]: [Sch. 24 para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/8)
[^c21639461]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) inserted (27.7.1993 with effect as mentioned in s. 96(2) of the amending act in relation to any accounting period on or after such day as may be appointed under [s. 165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 96(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/96/1/2), [165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b)
[^c23316861]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) deemed never to have been inserted, by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/3), [Sch. 29 Pt. 8(18)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/18), Note
[^c23318821]: [Sch. 24 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5) renumbered as para. 5(1) (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318801]: [Sch. 24 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5/2) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318881]: [Sch. 24 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/6) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23317791]: [Sch. 24 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/7) repealed (with effect in accordance with Sch. 3 para. 43(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 43(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/43/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23826381]: Words in [Sch. 24 para. 8(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/8/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23318321]: Words in [Sch. 24 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318471]: Words in [Sch. 24 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317371]: Words in [Sch. 24 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/c) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/9)
[^c23318421]: Words in [Sch. 24 para. 9(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318341]: [Sch. 24 para. 9(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/2/5/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(4)(7)(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/4/7/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318491]: Words in [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318541]: [Sch. 24 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318721]: [Sch. 24 para. 9(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/7) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318741]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317391]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/10)
[^c23318761]: Words in [Sch. 24 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318901]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/a)
[^c23318921]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/b)
[^c23318941]: Words in [Sch. 24 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/2)
[^c23317811]: [Sch. 24 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/22), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826441]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23319101]: Words in cross-heading relating to Sch. 24 para. 11A inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/3/a)
[^c23317891]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/4)
[^c23318981]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319001]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319011]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319031]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319041]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319051]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23826401]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/4), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23318841]: [Sch. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/2)
[^c21639451]: Source-1984 Sch. 16, 1985 Sch. 14 16
[^c23318021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) and cross-heading inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/5)
[^c23318781]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) and cross-heading inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/24); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322261]: Words in [Sch. 25 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/29); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827081]: [Sch. 25 para. 5(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/3) inserted (with effect in accordance with [s. 201(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 201(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/1)
[^c23322851]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/a)
[^c23322871]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/b)
[^c23322891]: [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/3)
[^c23827061]: Word in [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) repealed (retrospective to 27.11.2002 with effect in accordance with s. 200(2)(3) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3), [Sch. 43 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/2)
[^c23826941]: [Sch. 25 para. 6(2A)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/d) and words inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3)
[^c23827101]: Words in [Sch. 25 para. 6(2A)(e)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/e/2C) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23826961]: [Sch. 25 para. 6(2B)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2B/2C) inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/4)
[^c23322911]: Words in [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/6/2)
[^c23322411]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322431]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322951]: [Sch. 25 para. 6(4ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4ZA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/3)
[^c23322521]: [Sch. 25 para. 6(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323001]: [Sch. 25 para. 6(4AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4AA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/5)
[^c23323081]: [Sch. 25 para. 6(4BB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4BB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/7)
[^c23322541]: [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826981]: Words in [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/5)
[^c23322581]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323101]: Words in [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/8)
[^c23323131]: [Sch. 25 para. 6(5ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5ZB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/9)
[^c23322611]: [Sch. 25 para. 6(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323151]: [Sch. 25 para. 6(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5B) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/10)
[^c23322631]: Words in [Sch. 25 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/3) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/31/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827121]: Words in [Sch. 25 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/4/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21639571]: Words in [Sch. 25 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1/a) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c21639581]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c23322651]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/2)
[^c23322671]: Word in [Sch. 25 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/a)
[^c23323191]: Words in [Sch. 25 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/a)
[^c23322691]: [Sch. 25 para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/c) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/3)
[^c23323231]: Word preceding Sch. 25 para. 11(1)(g) repealed (with effect in accordance with Sch. 31 para. 9(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23323381]: [Sch. 25 para. 11(1)(g)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/g) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/2)
[^c23323211]: [Sch. 25 para. 11(1)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/h) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/c)
[^c23323401]: [Sch. 25 para. 11(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1A) inserted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/3)
[^c23322711]: Word in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/b)
[^c23827001]: [Sch. 25 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/a) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/2)
[^c23827021]: [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) and preceding word added (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/3)
[^c23827141]: Words in [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23322731]: Words in [Sch. 25 para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322751]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322771]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827971]: [Sch. 25 Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2) modified (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 17](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/17) (with [Sch. 16 paras. 13-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/13), [18-20](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18))
[^c23321991]: Words in [Sch. 25 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/a) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/a)
[^c23322011]: Words in [Sch. 25 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/b) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/b)
[^c23322041]: [Sch. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25) heading substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/25); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828051]: [Sch. 25 Pts. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2B) (paras. 12B-12N) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/3)
[^c23828071]: [Sch. 25 Pt. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3A) (paras. 15A-15G) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/8)
[^c23319251]: [Sch. 26 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1/c) and preceding word repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319271]: Words in [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319231]: Words in [Sch. 26 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828091]: [Sch. 26 para. 1(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/cc) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 38(2)
[^c23319211]: Word at the end of Sch. 26 para. 1(3)(d) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23319191]: [Sch. 26 para. 1(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/f) and preceding word inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 53](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/53) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23319291]: [Sch. 26 para. 1(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/4/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/4/5), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639601]: Source—1984 Sch.18.
[^c23319341]: [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 44(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 44(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/44/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 44(4))
[^c23319361]: [Sch. 26 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319381]: Words in [Sch. 26 para. 3(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/b/c) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319411]: Words in [Sch. 26 para. 3(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639621]: Words in [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(62)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/62) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23319441]: Words in [Sch. 26 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319461]: Words in [Sch. 26 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319481]: [Sch. 26 para. 3(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/6A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319501]: [Sch. 26 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319521]: Words in [Sch. 26 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319541]: Words in [Sch. 26 para. 4(2)(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/2/5/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/4/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23831011]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(11)
[^c23838041]: [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/2) repealed by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c23838141]: [Sch. 29 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/4) repealed (with effect in accordance with s. 90 of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Pt. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/5), Note 2
[^c23837361]: [Sch. 29 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/5) repealed by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/48/schedule/8); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816)
[^c23835881]: [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23837371]: [Sch. 29 para. 7(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/7/1/3) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4), Note 9
[^c21639901]: Words in [Sch. 29 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/8) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [13](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/13)
[^c22809691]: Words in [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/3) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639921]: [Sch. 29 para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/4/b) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809701]: [Sch. 29 para. 10(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/7) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639931]: [Sch. 29 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/11) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I) (with [ss. 7(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/7/5), [93(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/93/4)); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [art. 2(1)](https://www.legislation.gov.uk/uksi/1993/2213/article/2/1), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) Appendix
[^c21639941]: [Sch. 29 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/12) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639971]: [Sch. 29 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/14) repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch.1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1) (with [Sch. 3 paras. 2](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/2), [4](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/4))
[^c21639981]: [Sch. 29 para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/15) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639991]: [Sch. 29 para. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/16) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640001]: [Sch. 29 para. 17](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/17) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640011]: [Sch. 29 para. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/18) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640021]: [Sch. 29 para. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/19) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640031]: [Sch. 29 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/20) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640041]: [Sch. 29 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/21) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640051]: [Sch. 29 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/22) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640061]: [Sch. 29 para. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/23) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640071]: [Sch. 29 para. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/24) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640081]: [Sch. 29 para. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/25) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640091]: [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/26) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640101]: [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/27) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640111]: [Sch. 29 para. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/28) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809711]: Entry in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c21642601]: Entry in Sch. 29 para. 32 Table repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 81](https://www.legislation.gov.uk/ukpga/1991/31/section/81), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 1
[^c22809721]: Entries in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 18 para. 17 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21642651]: Entries in Sch. 29 para. 32 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [172](https://www.legislation.gov.uk/ukpga/1992/12/section/172), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21642831]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1) and by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c23835901]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [ss. 406(7)](https://www.legislation.gov.uk/ukpga/2003/21/section/406/7), [411](https://www.legislation.gov.uk/ukpga/2003/21/section/411), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1),(with transitional provisions in Sch. 18); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [art. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/2) (as amended ([8](https://www.legislation.gov.uk/uksi/2003/1900/article/8).[12](https://www.legislation.gov.uk/uksi/2003/1900/article/12).[2003](https://www.legislation.gov.uk/uksi/2003/1900/article/2003)) by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3))); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23835981]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (15.9.2003) by [Enterprise Act 2002 (c. 40)](https://www.legislation.gov.uk/ukpga/2002/40), [s. 279](https://www.legislation.gov.uk/ukpga/2002/40/section/279), [Sch. 26](https://www.legislation.gov.uk/ukpga/2002/40/schedule/26): [S.I. 2003/2093](https://www.legislation.gov.uk/uksi/2003/2093), [art. 2(1)](https://www.legislation.gov.uk/uksi/2003/2093/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/2093/schedule/1) (with [art. 4](https://www.legislation.gov.uk/uksi/2003/2093/article/4))
[^c21643261]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1)
[^c21643301]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c22809731]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809741]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809751]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23836281]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836301]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21818231]: [Sch. 30 para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 1 para. 8(43)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/43)
[^c23377111]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/2/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/3)
[^c22747341]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/2), [Sch. 24 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/1)
[^c22746961]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/2), [Sch. 11](https://www.legislation.gov.uk/ukpga/1997/16/schedule/11)
[^c22746191]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) inserted (with effect in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)
[^c22747251]: [Sch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/2)
[^c22747091]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 58(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/9/part/1)
[^c22747351]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/2), [Sch. 12 Pt. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/1)
[^c22747141]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/2), [Sch. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/10)
[^c22747001]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) inserted (with effect in accordance with [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 139](https://www.legislation.gov.uk/ukpga/1996/8/section/139), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/2)
[^c22747231]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3)
[^c22734791]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/12/paragraph/6/2)
[^c22746341]: [Sch. 15B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B) inserted (with effect in accordance with [s. 71(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15)
[^c22768001]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) inserted (with effect in accordance with [s. 100(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/3), [Sch. 15](https://www.legislation.gov.uk/ukpga/1990/29/schedule/15); [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c23377151]: [Sch. 19B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/3), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)
[^c22747271]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 61](https://www.legislation.gov.uk/ukpga/2000/17/section/61), [Sch. 13 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/27) (with [Sch. 13 paras. 28](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/28), [29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/29))
[^c21567841]: *See* s.686—*income of trustees chargeable at higher rate.*
[^c21567851]: [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(2)](https://www.legislation.gov.uk/uksi/1991/732/article/2/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/2/b) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(2)](https://www.legislation.gov.uk/uksi/1992/622/article/2/2)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/51/2) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(2)](https://www.legislation.gov.uk/uksi/1993/755/article/2/2)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/75/2) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(2)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/2)) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 35(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/35/2) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(2)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/2)) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 54(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/54/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/755/article/2/2) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/2/b) (the effect of art. 2(2)(a) being superseded by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/1) which substitutes s. 1(2)(aa)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/806/article/2/2) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/2001/638/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (2001-02) by [2001 c. 9](https://www.legislation.gov.uk/ukpga/2001/9), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/51/1) (in place of [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2001/638/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/707/article/2/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2003-04) by [S.I. 2003/840](https://www.legislation.gov.uk/uksi/2003/840), [art. 2](https://www.legislation.gov.uk/uksi/2003/840/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2004-05) by [S.I. 2004/772](https://www.legislation.gov.uk/uksi/2004/772), [art. 2](https://www.legislation.gov.uk/uksi/2004/772/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2005-06) by [S.I. 2005/716](https://www.legislation.gov.uk/uksi/2005/716), [art. 2](https://www.legislation.gov.uk/uksi/2005/716/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2006-07) by [S.I. 2006/872](https://www.legislation.gov.uk/uksi/2006/872), [art. 2](https://www.legislation.gov.uk/uksi/2006/872/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2007-08) by [S.I. 2007/943](https://www.legislation.gov.uk/uksi/2007/943), [art. 2](https://www.legislation.gov.uk/uksi/2007/943/article/2)
[^c21567861]: Source—1970 s.1; 1971 s.32(1); 1980 s.24(2); 1987 s.20(1)
[^c21567891]: *See* 1990 s.17(1)—*basic rate* 25%*and higher rate* 40%*for* 1990-91.
[^c21567901]: *For earlier years see* Table C Vol.1.
[^c21567911]: Words in [s. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/a) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(3)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/3/10/11).
[^c21567921]: 1988(F) s.24(2)(a)*for* 1988-89.*Previously* “(b) in respect of so much of an individual's total income as exceeds £17,900, at such higher rates respectively as Parliament may determine in relation to the first £2,500, the next £5,000, the next £7,900, the next £7,900 and the remainder;”.
[^c21567961]: 1990 s.17(1)(b)*for* 1990-91. (Art. 2(2)*of* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677) (*in* Part III Vol.5)*was not operated.*)
[^c21567981]: Source‐1980 s.24(3); 1984 Sch.7 3(5)
[^c21567991]: Words in [s. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/3) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(5)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/5/10/11).
[^c21568001]: Repealed by 1988(F) s. 148 and Sch. 14 Part IV for 1988-89 and subsequent years
[^c21568011]: *See*—1988(F) s.24(2)—*indexation not to apply for* 1988-89.1990 s.17(1)—*indexation not to apply for* 1990-91.
[^c21568021]: [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1991-92 by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/21/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1992-93 by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(2)(a)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/2/a/5). [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1993-94 by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/51/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1994-95 by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/75/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1995-96 by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 35(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/35/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1996-97 by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1999-00 by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/5) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 2001-02 by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/51/2)
[^c21568031]: Source—1980 s.24(4), (7), (9)
[^c21568041]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (27.7.1993 with effect for year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(2)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/2/a/8)
[^c21568061]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by virtue of [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(6)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/6/10/11).
[^c21568071]: [S. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(2)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/2/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23), [Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/part/III)
[^c21568091]: *See* S.I. [1989 No. 467](https://www.legislation.gov.uk/ukcm/1989/467) in Part III Vol.5.
[^c21568101]: Word in [s. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6) substituted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by virtue of [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(7)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/7/10/11).
[^c21568111]: [S. 1(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6A) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(8)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/8/10/11).
[^c21833131]: [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/1)
[^c21833171]: [S. 1(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2A) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/2)
[^c21833861]: Words in [s. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/3) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/3)
[^c21834131]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/4)
[^c21834201]: [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) inserted (27.7.1999 with effect for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/2)
[^c21834731]: [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) modified for the year 2002-03 by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/a) [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) modified for the year 2003-04 by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 132](https://www.legislation.gov.uk/ukpga/2003/14/section/132)
[^c21834181]: Words in [s. 1(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6A) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/6)
[^c23330151]: [S. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/2/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23330171]: Words in [s. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/2/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333811]: [S. 1(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23355861]: Word at the end of s. 1(1)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333831]: [S. 1(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1/ba) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568121]: Source—1970 s.2
[^c21568131]: Source—1970 s.3; 1971 Sch.6 2
[^c21819141]: [S. 3(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 113](https://www.legislation.gov.uk/ukpga/1997/16/section/113) {Sch. 18}
[^c21568141]: Source—1971 s.36; 1975(No. 2) s.44(6)
[^c21819171]: [S. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/2)
[^c21819191]: Words in [s. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73](https://www.legislation.gov.uk/ukpga/1996/8/section/73), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/2)
[^c23332711]: Words in [s. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333721]: [S. 4(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1B) inserted (retrospective, and with effect in accordance with [s. 33(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/33/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 33(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/33/1)
[^c23333741]: [S. 4(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para 5](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21826471]: Words in [s. 1A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1) substituted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/2)
[^c21826511]: [S. 1A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/3)
[^c21826531]: [S. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) substituted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4)
[^c21826691]: Words in [s. 1A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1) substituted (with effect in accordance with [s. 100(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/1)
[^c21826731]: [S. 1A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/aa) inserted (with effect in accordance with [s. 100(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/2)
[^c21826911]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) extended (27.7.1999) [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/4) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21826771]: [S. 1A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1B) inserted (with application in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(7)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/7/a)
[^c21826851]: [S. 1A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/6A) inserted (with application in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/7/b)
[^c21826931]: Words in [s. 1A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1/b) inserted (with effect in accordance with [s. 32(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 32(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/2)
[^c21827091]: [S. 1A(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA) inserted (with effect in accordance with [s. 32(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/3)
[^c23332651]: Word preceding s. 1A(2)(c) repealed (with effect in accordance with s. 173(2) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/2), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 1
[^c23332671]: [S. 1A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/d) and preceding word inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/2)
[^c23332691]: Words in [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/3)
[^c23333201]: Words in [s. 1A(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333221]: [S. 1A(1AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333241]: Words in [s. 1A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333261]: Word in [s. 1A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333281]: [S. 1A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333301]: Words in [s. 1A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333321]: Words in [s. 1A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/aa) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333391]: Words in [s. 1A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333411]: Words in [s. 1A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/d), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2)
[^c23333431]: Words in [s. 1A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333451]: [S. 1A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333471]: Words in [s. 1A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23355871]: [S. 1A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333491]: Words in [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333511]: Words in [s. 1A(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5/b/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 3(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333531]: [S. 1A(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333551]: Words in [s. 1A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333371]: [S. 1A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/9), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333571]: [S. 1A(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/8/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [Sch. 1 para. 3(10)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/1/paragraph/3/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/4/schedule/2))
[^c23333621]: [S. 1B(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/1/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333631]: Word in [s. 1B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333651]: Words in [s. 1B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333681]: [S. 1B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568171]: [S. 6](https://www.legislation.gov.uk/ukpga/1988/1/section/6) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 1(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/1/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21568181]: Table K Vol.1.*See*—[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(2).1990(C) s.92—*balancing charge on a person liable to corporation tax in respect of dwelling houses let on assured tenancies to be made under* Sch.A.
[^c21568191]: Source—1970 s.238
[^c21568201]: *See* 1988(F) s.148*and* Sch.14 Part V*for repeals which will take place from* 6*April* 1993.
[^c21819241]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with effect in accordance with Sch. 8 Pt. 2(4) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8)
[^c21819261]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 110](https://www.legislation.gov.uk/ukpga/2001/9/section/110), [Sch. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33)
[^c21568211]: Source—1970 s.240(4), (5)
[^c21568221]: *See*—1970(M) s.94—*set off to be disregarded in computing penalty for failure to deliver a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819281]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568231]: Source—1982 s.26(7)
[^c21568241]: Source—1970 s.240(7)
[^c21819291]: Words in [s. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c22720351]: [S. 7(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/5) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568301]: Source—1970 s.243 (1)-(3), (5)-(7); 1974 s.36; 1987(No. 2) s.90(1)(a)
[^c21568311]: [S. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/3): the day appointed for the purposes of s. 8(3) is 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21568321]: [S. 8(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/4) repealed (27.7.1993 with application in relation to resolutions passed after the day on which [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34) is passed) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 205(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/205/7), [206(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.VI](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/VI)
[^c21568361]: Source—1970 s.250
[^c23332731]: [S. 9(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a/b) substituted for words in s. 9(3) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332751]: Words in [s. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333931]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333951]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333871]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333971]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333891]: Words in [s. 9(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568511]: *See*—1970(M) s.94(2)—*set off to be disregarded in computing penalty for failure to make a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819641]: [S. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568521]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (27.7.1993 with effect in accordance with [s. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21568531]: SOURCE-1982 s. 26(7)
[^c21819671]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568541]: SOURCE-1970 s. 247; 1972 s. 107(1)
[^c21568551]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21797311]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4(2)(b)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/b)
[^c21797591]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (SI 1997/1154), {reg. 25(2)}
[^c21797511]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) inserted (with effect as mentioned in [Sch. 24 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/a)
[^c21797531]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) substituted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/b)
[^c21797571]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (19.3.1997) by [S.I. 1995/171](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A) (as inserted by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [reg. 4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c21797611]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4](https://www.legislation.gov.uk/uksi/1997/473/regulation/4) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 154](https://www.legislation.gov.uk/uksi/2001/3629/article/154)); and that modifying reg. 4 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 5](https://www.legislation.gov.uk/uksi/2004/822/regulation/5)
[^c21797631]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/2)
[^c23332921]: [S. 12(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/3/da) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/2)
[^c23332961]: Words in [s. 12(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/4)
[^c23333001]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/6)
[^c23334381]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [79(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/79/2)
[^c23333991]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/2)
[^c21568671]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1991 and subsequent financial years) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/3) [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1994 and subsequent financial years) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3)
[^c21568681]: SOURCE-1972 s. 95; 1973 Sch. 14 2, 4; 1983 (No. 2) s. 2(2); 1987 (No. 2) s. 74(4)
[^c21568691]: 1989 s.105(1)*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “a company resident in the United Kingdom”.
[^c21568701]: *For rates and fractions see* Table K Vol.1.
[^c21568711]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1990) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 23(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/23/2)
[^c21568721]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 22(b)](https://www.legislation.gov.uk/ukpga/1992/48/section/22/b). [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 54(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/54/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1995) by Finance Act 1995 (c. 4,) {s. 38(b)} [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 78(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/78/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 59(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/59/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 28(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/28/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1999) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/29/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 36(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/36/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 55(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/55/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 31(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/31/b)
[^c21568771]: [S. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) amended (27.7.1993 with application as mentioned in s. 78(11) of the Amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21834881]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/a)
[^c21834911]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/b)
[^c21845781]: [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 99(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/99/5) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55)) [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with Sch. 14 para. 10 of the 1997 affecting Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 38D(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/38D/6) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 84](https://www.legislation.gov.uk/ukpga/1997/16/section/84), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1997/16/schedule/14/paragraph/2))
[^c21835911]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/2)
[^c21842921]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/3)
[^c21845791]: Words in [s. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) (7) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(2), Sch. 8 Pt. 2(11) Note
[^c21847281]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(3), Sch. 8 Pt. 2(11) Note
[^c21847351]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) substituted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/2)
[^c21847421]: [S. 13(8AA)(8AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA/8AB) inserted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/3)
[^c22720361]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/b)
[^c21847461]: [S. 13(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/9) repealed (with effect in accordance with Sch. 20 Pt. 3(2) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/2)
[^c23334421]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/10)
[^c21853121]: Words in [s. 13(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/a) repealed (with application in accordance with s. 86(6) and Sch. 33 Pt. 2(11) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/a), [Sch. 33 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/11)
[^c21853141]: Words in [s. 13(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/b) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/b)
[^c21853161]: [S. 13(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7A) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/3)
[^c21853181]: [S. 13(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/4)
[^c23334071]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/b)
[^c23334031]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/a)
[^c23347441]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) applied (1.1.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B(3)(a)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14B/3/a) (as inserted by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11) (with [regs. 30](https://www.legislation.gov.uk/uksi/2008/3159/regulation/30), [31](https://www.legislation.gov.uk/uksi/2008/3159/regulation/31)))
[^c23334441]: Words in [s. 13A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/1) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/3), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568881]: SOURCE-1972 s. 84(4)
[^c21568891]: *For rates see* Table J Vol.1.
[^c21568931]: *See* 1980 s.117*and* Sch.18—*demergers.*
[^c21827291]: [S. 14(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/14/1/3) repealed (with effect as mentioned in Sch. 3 para. 8(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/8/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2) Note
[^c21828901]: [Ss. 15-17](https://www.legislation.gov.uk/ukpga/1988/1/section/15): Schs. A-C excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21568981]: SOURCE-1970(1)–(3)
[^c21568991]: *See*—1970(M) s.19—*information for purposes of* Sch.A*and associated* Sch.D*charges.*1990(C ) s.9(5)—*manner of making allowances and charges.*1990(C) s.67(3)—*allowances in respect of leased assets employed for thermal insulation.*1990(C) s.92—*allowances in respect of dwelling houses let on assured tenancies.*
[^c21569021]: [S. 51(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/3) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part V](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 1
[^c22720711]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/1) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720721]: [S. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720741]: [S. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/2) repealed (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4)
[^c22720771]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) repealed (with effect in accordance with s. 79(3) of, and Sch. 23 to, the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^c22720751]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/1/b), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22720781]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 1(4)(b) repealed (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(2)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/2), [Sch. 13 Pt. 1](https://www.legislation.gov.uk/asp/2000/5/schedule/13/part/1); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23334701]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(3)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/3/4)
[^c23347461]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (6.4.2008) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/3) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I.2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23334081]: Words in [s. 15(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334101]: Words in [s. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334121]: [S. 15(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334141]: Words in [s. 15(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569121]: SOURCE-1970 s. 108(1)
[^c21569131]: *See, as regards exemption, the following provisions of this Act:*—s.320—*Commonwealth Agents—General and official agents etc.*[s.322](https://www.legislation.gov.uk/ukpga/1988/1/section/322)—*certain consular officers and employees.*[s.323](https://www.legislation.gov.uk/ukpga/1988/1/section/323)—*visiting forces and staffs of allied headquarters.*[s.325](https://www.legislation.gov.uk/ukpga/1988/1/section/325)—*certain savings bank interest.*[s.326](https://www.legislation.gov.uk/ukpga/1988/1/section/326)—*sums payable under certified contractual saving schemes.*[s.327](https://www.legislation.gov.uk/ukpga/1988/1/section/327)—*interest on damages for personal injuries.*[s.328](https://www.legislation.gov.uk/ukpga/1988/1/section/328)—*funds in court.*[s.330](https://www.legislation.gov.uk/ukpga/1988/1/section/330)—*German annuities in compensation for National Socialist persecution.*[s.438](https://www.legislation.gov.uk/ukpga/1988/1/section/438)—*annuity funds of insurance companies doing pension business.*[s.459](https://www.legislation.gov.uk/ukpga/1988/1/section/459)*to* 461—*certain friendly societies.*[s.467](https://www.legislation.gov.uk/ukpga/1988/1/section/467)—*certain trade unions*[s.476](https://www.legislation.gov.uk/ukpga/1988/1/section/476)—*certain dividends and interest payable by building societies* (*Repealed by* 1990 s.30*and* Sch.5 para.2*for* 1991-92*and subsequent years.*).s.484—*savings banks.*[s.505](https://www.legislation.gov.uk/ukpga/1988/1/section/505)*and* 506—*charities.*[s.507](https://www.legislation.gov.uk/ukpga/1988/1/section/507)—*British Museum.*[s.508](https://www.legislation.gov.uk/ukpga/1988/1/section/508)—*scientific research associations.*[s.510](https://www.legislation.gov.uk/ukpga/1988/1/section/510)—*agricultural societies.*[s.514](https://www.legislation.gov.uk/ukpga/1988/1/section/514)—*funds for reducing National Debt.*[s.517](https://www.legislation.gov.uk/ukpga/1988/1/section/517)—*issue departments of Reserve Bank of India and State Bank of Pakistan.*[s.519](https://www.legislation.gov.uk/ukpga/1988/1/section/519)—*local authorities.*[s.578](https://www.legislation.gov.uk/ukpga/1988/1/section/578)—*housing grants.*[s.581](https://www.legislation.gov.uk/ukpga/1988/1/section/581)—*interest on certain local authority borrowing in foreign currency.*[s.613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4)—*Parliamentary pension funds.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)—*national insurance supplementary schemes etc; and certain Indian family pension funds.*[s.614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3)—*certain pension funds for Crown service abroad.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)*and* 615—*certain pension funds for overseas employees.*[s.620(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/5)*and* (6)—*approved retirement annuity trust schemes.*[s.656](https://www.legislation.gov.uk/ukpga/1988/1/section/656)*and* 657—*certain purchased life annuities.*[s.688](https://www.legislation.gov.uk/ukpga/1988/1/section/688)—*certain interest received by trustees of schemes for directors and employees to acquire shares.* *See also*—1989 s.43*for periods of account ending after* 5*April* 1989*involving emoluments.*Income Tax (Repayment of Post-War Credits) Act 1959 s.2(4) (*see* Part II Vol.5)—*interest on post-war credits.*[Diplomatic Privileges Act 1964 (c.81)](https://www.legislation.gov.uk/ukpga/1964/81).[Commonwealth Secretariat Act 1966 (c.10)](https://www.legislation.gov.uk/ukpga/1966/10), [s.1(2)](https://www.legislation.gov.uk/ukpga/1966/10/section/1/2)*and* Sch. Part I para.3—*the Commonwealth Secretariat.*[International Organisations Act 1968 (c.48)](https://www.legislation.gov.uk/ukpga/1968/48)—*certain international organisations and persons connected therewith.*Double taxation agreements (listed in Part III Vol.5)*in force under* ss.788-799*of this Act as to certain persons resident abroad.*
[^c21569141]: *See* 1970(M) Part VIII*as to charges on non-residents.*
[^c21569161]: SOURCE-1970 s. 109(1), (2)
[^c21569171]: *See*—1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefits in return.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (*in* Part III Vol.5) regn.8—*computation of profits and gains in respect of payments attributable to non-resident entertainers and sportsmen.*
[^c21569181]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.S.I. [1986 No. 1948](https://www.legislation.gov.uk/ukcm/1986/1948) (*in* Part III Vol.5) regn.8(2)(d)—*interest on cash deposits which are plan investments under personal equity plans.*1990 s.56*and* Sch.10 para.12(4)—*treatment of chargeable events in relation to convertible securities.*[Housing Act 1957 (c.56)](https://www.legislation.gov.uk/ukpga/1957/56) Sch.8 para.4*and* [Housing (Scotland) Act 1966 (c.49)](https://www.legislation.gov.uk/ukpga/1966/49) Sch.7 para.4—*interest on certain small holdings of housing bonds.*[Housing Subsidies Act 1967 (c.29)](https://www.legislation.gov.uk/ukpga/1967/29) s.24(2)(c) (*reproduced in* Part II Vol.5)—*payment received by lender from Minister in respect of subsidised loan.*
[^c21569191]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.1990 s.56*and* Sch.10 paras.12(4)*and* 20—*treatment of chargeable events in relation to income received in the U.K. from convertible securities.*
[^c21569201]: *See also*—1990 ss.9(5)*and* 15—*certain balancing charges on lessors and others in respect of industrial buildings, machinery, etc.*1970(M) s.30—*recovery of overpayment of tax, etc.*1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefit in return.*1989 ss.68, 71—*charge on certain profits or gains of employee share ownership trusts.*1990(C) s.92(2)—*balancing charge in respect of dwelling houses let on assured tenancies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1956 No.1230](https://www.legislation.gov.uk/ukcm/1956/1230) (*in* Part III Vol. 5) regns. 4*and* 15—*additional liabilities in respect of purchased life annuities in certain contingencies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1989 No.469](https://www.legislation.gov.uk/ukcm/1989/469) (*in* Part III Vol. 5) regn.22(3)—*assessments to recover tax in respect of income under personal equity plans.*
[^c21569211]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I extended (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/a/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I restricted (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/b/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case 1 extended (with application in accordance with s. 219(4) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/a) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I modified (29.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/19) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II, VI extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/4) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II restricted (with application in accordance with s. 42(3) of the restricting Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 42(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/1/2) (with [s. 42(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/4/5)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, III, V modified (with effect in accordance with s. 117(4)(5) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 84](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/84) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, VI restricted (with application in accordance with s. 46(7) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 46(1)-(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/46/1)
[^c21792421]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases II-VI excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21569221]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (16.7.1992 with effect in relation to chargeable periods ending after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [Sch. 12 paras. 1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/1), [3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7). [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (27.7.1993 with effect as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 130(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/130/2/4), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI restricted (27.7.1993) by [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 paras. 19(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/19/2), [20(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/20/2) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with application in accordance with Sch. 20 para. 11(1)(2) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218), [Sch. 20 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/11/3) (with [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 117(4)(5) of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 52(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/52/4) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 579 of the extending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 256(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/256/2/b/4) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c21569241]: SOURCE-1970 ss. 108(3), 109(3)
[^c21792911]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D excluded (with effect in accordance with s. 39(4)(5) of the excluding Act) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 588(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24))
[^c21792731]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case I inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/2)
[^c21792851]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III extended (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 157(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/7) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III applied (with effect as mentioned in s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/4), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III modified (with effect as mentioned in s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/5), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases III, IV extended (with effect in accordance with s. 105(1) of the extending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/1/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21792961]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/1) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21792981]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case III para. (c) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/a) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793061]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case IV repealed (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/b), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c21794021]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case V extended (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/3) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21793001]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/c) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793081]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A) inserted (with effect as mentioned in [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21793021]: [S. 18(3B)-(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3B) inserted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793041]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/4) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23332821]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332831]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case V substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332841]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333121]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) inserted (with effect in accordance with [s. 97(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/97/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 105(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/105/4) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23334181]: [S. 18(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334201]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334221]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357441]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A): Sch. D Case III para. (c) repealed (with effect in accordance with Sch. 7 para. 12(9)(13) of the repealing Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 12(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/12/9), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21569491]: SOURCE-1970 s. 90(1); 1972 s. 81(3)
[^c21569501]: SOURCE-1970 s. 90(2)
[^c21569511]: SOURCE-1970 s. 90(2A), (2B); 1972 s. 81(4)
[^c21569521]: SOURCE-1970 s. 90(3)
[^c21569531]: SOURCE-1970 s. 71(2)
[^c21819701]: Words in [s. 24(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 Para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/1)
[^c21819721]: [S. 24(6)(c)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/6/c/7) and word preceding s. 24(6)(c) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21856561]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21856571]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21856601]: [S. 21A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/5) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/3), [Sch. 23 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/1)
[^c23348091]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348111]: Words in [S. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348131]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23351541]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/2)
[^c23351741]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (6.4.2008) by the [Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/2) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23348191]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23348351]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348171]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284](https://www.legislation.gov.uk/ukpga/2004/12/section/284), [Sch. 35 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23348371]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348391]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348411]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(a)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/a/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349101]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351561]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/102/3)
[^c23349121]: Word in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349141]: Words in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805301]: [S. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/7)
[^c21569731]: SOURCE-1970 s. 76
[^c21569741]: *See* 1979(C) s.34(4)(b)—*restriction, by reference to capital allowances, of capital losses for purpose of capital gains.*
[^c21805311]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/11) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349161]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349181]: Words in [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2/a) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349201]: [S. 30(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569961]: *See* 1976(D) s.34*and* Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part. X*with effect from* 19*March* 1985.
[^c21569971]: SOURCE-1970 s. 80(1), (2)
[^c21569981]: SOURCE-1970 s. 80(2); 1987 Sch. 15 para. 13
[^c21569991]: SOURCE-1970 s. 80(3), (4)
[^c21570001]: SOURCE-1970 s. 80(5)
[^c21570011]: SOURCE-1970 s. 80(6), (7); 1972 s. 81(1)
[^c21570021]: *See* 1979(C) s.106*and* Sch.3 paras.5*and* 7—*exclusion of amounts taxed under this section in computing capital gains.*
[^c21794731]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/9)
[^c21794711]: [S. 34(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/9) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 08(01)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/08/01), Note
[^c21794841]: Words in [s. 34(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/1) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/2)
[^c21794761]: Words in [s. 34(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/3), (with Sch. 5 para. 73)
[^c21794861]: Words in [s. 34(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/a)
[^c21794881]: Words in [s. 34(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/b)
[^c21794901]: Words in [s. 34(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/a)
[^c21794921]: Words in [s. 34(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/b)
[^c21794781]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/4), (with Sch. 5 para. 73)
[^c21794801]: [S. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/5), (with Sch. 5 para. 73)
[^c21794821]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/6), (with Sch. 5 para. 73)
[^c23349221]: Words in [s. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) (1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349331]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349351]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349371]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349391]: Word in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349411]: Word in [s. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349431]: Word in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349531]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349551]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570031]: *See* 1979(C) s.106*and* Sch.3 para.6(2)—1979(C) s.31 (*exclusion from capital gains computation of sums charged to income tax or corporation tax*)*not to apply to amounts on which tax paid under* s.35.
[^c21797731]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/1) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/1)
[^c21570041]: SOURCE-1970 s. 81(1)
[^c21797691]: [S. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/10)
[^c21570051]: SOURCE-1970 s. 81(2)
[^c21797771]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/3), (with Sch. 5 para. 73)
[^c21797791]: [S. 35(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/4), (with Sch. 5 para. 73)
[^c23349571]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349591]: Words in [s. 35(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349611]: Words in [s. 35(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805371]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24)
[^c21570061]: *See* 1976(D) Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21805381]: [S. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/11)
[^c21570071]: SOURCE-1970 s. 82(1), (2)
[^c21570081]: *See* 1979(C) s.106*and* Sch.3 para.6(3)—*effect of claim under* s.36(2)(b)*on computation of capital gains.*
[^c21570091]: SOURCE-1970 S. 82(3)
[^c21570101]: *See* 1979(C) s.106*and* Sch.3 para.5(3)—*deduction of amounts chargeable under* s.36*in computing capital gains.*
[^c21570111]: SOURCE-1970 s. 82(1), (3)
[^c21805411]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805431]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805451]: [S. 36(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/4B) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/4) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349631]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349661]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349681]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349701]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349721]: Words in [s. 36(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349741]: Words in [s. 36(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21799401]: [S. 37](https://www.legislation.gov.uk/ukpga/1988/1/section/37) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/12)
[^c21570121]: SOURCE-1970 s. 83(1); 1978 s. 32(2)
[^c21570161]: *See* 1979(C) s.106*and* Sch.3 para.6(1)—*allowance under this subsection to be deducted from any loss on disposal of lease.*
[^c21570171]: SOURCE-1970 s. 83(2)
[^c21570181]: SOURCE-1970 s. 83(3)
[^c21570191]: SOURCE-1970 s. 83(4)
[^c21570201]: SOURCE-1970 s. 83(5)
[^c21570211]: *See* 1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21570221]: SOURCE-1970 s. 83(7)
[^c21799441]: [S. 37(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/2), (with Sch. 5 para. 73)
[^c21570151]: 1990 s.89*and* Sch.14 para.2 (*correction of errors*)—*deemed always to have had effect. Previously* “subsection (2) below”, “this subsection” *and* “the amount of that tax” *respectively.*
[^c21799461]: Words in [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/a), (with Sch. 5 para. 73)
[^c21799481]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/b), (with Sch. 5 para. 73)
[^c21799501]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/a), (with Sch. 5 para. 73)
[^c21799521]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/b), (with Sch. 5 para. 73)
[^c21799541]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/5), (with Sch. 5 para. 73)
[^c23348441]: Word in [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349761]: [S. 37(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349781]: Words in [s. 37(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349801]: Word in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349821]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349841]: Word in [S. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349861]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349871]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349891]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349911]: [S. 37(7)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/7/b/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349931]: Words in [s. 37(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349951]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349971]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349991]: [S. 37(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570231]: SOURCE-1970 S. 84(1)(b)–(d); 1972 s. 81(2)(a), (b)
[^c21570241]: [S. 38(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1/a/4) excluded (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 5(4)(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/5/4/6), [6(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7).
[^c21570251]: SOURCE-1970 s. 84(2); 1972 s. 81(2)(c)
[^c21570271]: SOURCE-1970 s. 84(3A); 1972 s. 81(5)
[^c21570281]: SOURCE-1970 s. 84(3); 1972 s. 81(2)(d)
[^c21570291]: *See* 1990(C) s.11(4)—*rules applied in connection with leases for industrial buildings and structures.*
[^c21570301]: SOURCE-1970 s. 84(4)
[^c21799581]: [S. 38(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1)(6) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 291(3)](https://www.legislation.gov.uk/ukpga/2001/2/section/291/3)
[^c21799561]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (with effect as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/2)
[^c23350031]: Words in [s. 38(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350051]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570311]: SOURCE-1970 s. 85(1)
[^c21570321]: *Repealed by* 1988(F) ss.75, 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21570331]: SOURCE-1970 s. 86
[^c21805531]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/2), (with Sch. 5 para. 73)
[^c21805551]: Words in [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/3), (with Sch. 5 para. 73)
[^c21805571]: [S. 40(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/4A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/4), (with Sch. 5 para. 73)
[^c21805591]: [S. 40(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/5) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(f)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/f); and s. 40(5) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/5), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350071]: Word in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350091]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350111]: Word in [s. 40(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350131]: Word in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350151]: Words in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (3.11.2004 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Deductions for Expenditure etc.) Regulations 2004 (S.I. 2004/2664)](https://www.legislation.gov.uk/uksi/2004/2664), [reg. 4](https://www.legislation.gov.uk/uksi/2004/2664/regulation/4)
[^c21570361]: SOURCE- 1972 s. 82
[^c23351701]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (6.12.2007 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Income Tax) Regulations 2007 (S.I. 2007/3278)](https://www.legislation.gov.uk/uksi/2007/3278), [reg. 7](https://www.legislation.gov.uk/uksi/2007/3278/regulation/7)
[^c23350171]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) renumbered as s. 42(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350191]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350211]: [S. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853731]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21853741]: [S. 42A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/8) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/22), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23350251]: Words in [s. 42A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/25/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23367561]: Words in [s. 42A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/25/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570411]: *And see, as regards Ulster Savings Certificates,* Part III Vol.5.
[^c21570421]: SOURCE-1981 S. 34(1)
[^c21570431]: SOURCE-1970 s. 98
[^c21570441]: SOURCE-1981 s. 34(2)–(5); 1979 (C) s. 71(2)(a)
[^c21570451]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570461]: [1958 c.6](https://www.legislation.gov.uk/ukpga/1958/6).
[^c21570471]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c21570481]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c23353721]: Word in [s. 46(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353741]: Words in [s. 46(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353761]: Words in [s. 46(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353801]: [S. 46(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570531]: SOURCE-1970 s. 101(1)
[^c21570551]: [1939 c. 117](https://www.legislation.gov.uk/ukpga/1939/117).
[^c21570561]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570631]: SOURCE-1970 s. 101(2)
[^c21570641]: SOURCE-1970 s. 101(3)–(6)
[^c21812981]: Words in [s. 50(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/11), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21812991]: [S. 50(A1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/A1) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/2)
[^c21813011]: Words in [s. 50(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/a)
[^c21818131]: [S. 50(1)(a)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1/a/c/d) repealed (with effect in accordance with Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c21813031]: Words in [s. 50(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/2) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/b)
[^c21813051]: Words in [s. 50(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/3) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/c)
[^c21813071]: Words in [s. 50(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/4/5) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/d)
[^c21813101]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "gilt-edged securities" inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/4)
[^c21818201]: Words in [s. 50(A1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/A1) substituted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/1)
[^c23353501]: Words in [s. 50](https://www.legislation.gov.uk/ukpga/1988/1/section/50) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353571]: Words in [s. 50(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/5) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353591]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "the Bank" omitted (15.11.2004) by virtue of [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(i)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/i) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353611]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): word at the end of definition of "gilt-edged securities" omitted (15.11.2004) by virtue of [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/ii) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353631]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): word in definition of "registered" substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(iii)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/iii) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353681]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "the Registrar" inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(iv)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/iv) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21570651]: SOURCE-1970 s. 102
[^c21570661]: [1950 c. 3 (N.I.)](https://www.legislation.gov.uk/apni/1950/3)
[^c23353701]: Words in [s. 51(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/1/b) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(4)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/4) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21570681]: SOURCE-1970 s. 110(1), (2)
[^c21570691]: SOURCE-1970 s. 110(3)
[^c21570701]: 1988(F) Sch.6 para.6(7),*into force on* 6*April* 1988*subject to certain provisos. Previously* “(4) Subsection (3) above shall not affect the taxation of woodlands which are managed on a commercial basis and with a view to the realisation of profits”.
[^c21852211]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21852231]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357971]: Word in [s. 53(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357991]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358011]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358031]: Words in [s. 53(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852241]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358051]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/33) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570911]: *See* s.608—*exemption for certain superannuation funds.*
[^c21570951]: SOURCE-1973 s. 26(3); 1974 s. 30(2)
[^c21832991]: Word in [s. 56(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4) substituted (with effect in accordance with s. 164(5)(6) of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 164(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/4)
[^c23358091]: Words in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359501]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358241]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359521]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571531]: SOURCE-1970 s. 129(1)
[^c21571541]: SOURCE-1970 s. 129(4)
[^c21571551]: SOURCE-1970 s. 129(5)
[^c21861051]: [S. 70](https://www.legislation.gov.uk/ukpga/1988/1/section/70) excluded (with application in accordance with s. 65(1)(3)(4) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 65(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/65/2/a)
[^c21833081]: Words in [s. 70(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21858921]: Words in [S. 70A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [580](https://www.legislation.gov.uk/ukpga/2001/2/section/580), [Sch. 2 para. 14](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/14), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21571571]: *See* S.I. [1987 No. 530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol. 5) regn. 16—*payments attributable to non-resident entertainers and sportsmen.*
[^c21571581]: SOURCE-1970 ss. 127(1), 129(2)
[^c21571591]: SOURCE-1970 s. 127(2), 527(4)
[^c21827611]: Word in [s. 72(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 121](https://www.legislation.gov.uk/ukpga/1995/4/section/121)
[^c23359661]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358451]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571611]: *See*—1979(C) s.122—*election to take capital gain or loss into account when asset appropriated to stock in trade.*1989 ss.67-74—*employee share ownership trusts.*[Banking Act 1987 (c.22)](https://www.legislation.gov.uk/ukpga/1987/22) s.66—*contributions to the Deposit Protection Fund.*
[^c21571621]: SOURCE-1970 s. 130(a)–(m); 1987 Sch. 15para. 2(9)
[^c21571631]: *See* 1989 ss.112-113—*expenditure on security on or after* 6*April* 1989.
[^c21571661]: SOURCE-1970 s. 130(n), (o)
[^c21826011]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/159/4) (with [Sch. 18 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/3), [2(3)(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/2/3/4), [3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/3/3))
[^c21826031]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) renumbered as s. 74(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/2)
[^c21826061]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) substituted (with effect in accordance with [s. 144(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/1)
[^c21826101]: [S. 74(1)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/o) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/1)
[^c21826051]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9) {s. 144(2)}
[^c21833101]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 105(1) of the excluding Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 82(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/82/7) (with [ss. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [99](https://www.legislation.gov.uk/ukpga/1996/8/section/99), [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21847301]: [S. 74(1)(q)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/q) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21861071]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 Para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/14/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21852371]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853971]: [S. 74(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/a) extended (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/3177/regulation/5)
[^c21861091]: [S. 74(1)(m)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m/p) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c21852381]: Words in [s. 74(1)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23356371]: [S. 74(1)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/n) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23359681]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359701]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359721]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358481]: [S. 74(1)(b)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/b/o) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(d)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/d/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369191]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369211]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21860671]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 27](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/27) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23356411]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) substituted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(1)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/1/5)
[^c23376271]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/3), [199(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/b), [200(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/b), [246(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/b/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23356431]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/5)
[^c23356491]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) substituted (with effect in accordance with ss. 42, 44 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 40](https://www.legislation.gov.uk/ukpga/2004/12/section/40)
[^c23369731]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2005/2014/regulation/5) (as amended: (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2007/2134/regulation/5); (12.8.2008 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2008/1937/regulation/3))
[^c23376461]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/4), [199(2)(c)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/c/5), [246(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23376531]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 200(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/c), [246(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23369711]: Word in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) repealed (with effect in accordance with Sch. 11 Pt. 2(10) Note 1 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10)
[^c23369571]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) inserted (with effect in accordance with [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/2)
[^c23376701]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [3](https://www.legislation.gov.uk/uksi/2006/3270/article/3)
[^c23358511]: [S.77](https://www.legislation.gov.uk/ukpga/1988/1/section/77) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/47), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21834651]: [S. 78](https://www.legislation.gov.uk/ukpga/1988/1/section/78) repealed with saving (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/10), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21572171]: SOURCE-1982 s. 48(1)–(4)
[^c21572181]: SOURCE-1982 s. 48(5)
[^c21572191]: SOURCE-1982 s. 48(6)–(9)
[^c21856471]: [S. 79](https://www.legislation.gov.uk/ukpga/1988/1/section/79): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21856481]: [S. 79(4)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/4/8): functions transferred (1.7.1999) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750)](https://www.legislation.gov.uk/uksi/1999/1750), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/1750/article/1/1), [2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1) (with [art. 7](https://www.legislation.gov.uk/uksi/1999/1750/article/7))
[^c21852411]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858671]: Words in [s. 79(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/11) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23356861]: Words in [s. 79(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23356901]: [S. 79(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23359841]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359861]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359891]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359911]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359931]: Words in [s. 79(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359951]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359971]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360001]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360021]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360041]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360071]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572211]: 1990 s.76.
[^c21826241]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826261]: Word in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826281]: [S. 79A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/4)
[^c21826321]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/5)
[^c21852421]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858701]: Words in [s. 79A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c21858691]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23359591]: Words in [s. 79A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 3(2)
[^c23359601]: [S. 79A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360091]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360111]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360141]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360161]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360181]: Words in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360221]: Words in [s. 79A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360241]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360271]: Words in [s. 79A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360291]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360311]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360341]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358531]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358551]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358561]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572251]: SOURCE-1970 s. 132
[^c21572261]: [Sch.7 para.36(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/2) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)—*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)*Previously* “the extension of the period of copyright in a design”.
[^c21827491]: [S. 83(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/a) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21827471]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) repealed (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 5](https://www.legislation.gov.uk/ukpga/1994/26/schedule/5); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21852461]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23360671]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/56) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572291]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/68/1/2)
[^c21856451]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21834661]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/2)
[^c21834681]: [S. 84(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A/3B) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/3)
[^c21859171]: Words in [s. 84(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/1/a)
[^c21859141]: [S. 84(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by Capital Allowances Act 2001 (c, 2), Sch. 2 para. 17(1)(b)(3), {Sch. 4}
[^c21859211]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/a)
[^c21859231]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/b)
[^c21859251]: Words in [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/4)
[^c23360931]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360951]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360971]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360991]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361011]: [S. 84(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A): by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/4) it is provided that "In subsection (3A) for "above is--" to the end substitute "the period of two years beginning at the end of the accounting period in which the gift is made."" (in force 6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/883/1) of the amending Act) (with Sch. 2)
[^c23358571]: [S. 84(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361031]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361051]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361081]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361101]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361131]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572311]: SOURCE-1978 s. 60
[^c21858731]: [S. 85](https://www.legislation.gov.uk/ukpga/1988/1/section/85) amended (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 50](https://www.legislation.gov.uk/ukpga/2000/17/section/50)
[^c21852481]: Words in [s. 85(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357011]: [S. 85(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/b/c) substituted for s. 85(1)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 5(2)
[^c21572331]: SOURCE-1983 s. 28; 1984 s. 33; 1987 s. 34
[^c21856741]: Words in [s. 86(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3) repealed (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(2)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/2/5), [Sch. 20 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/14), Note
[^c21856761]: [S. 86(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3/a) substituted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/3)
[^c21856781]: [S. 86(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/4) inserted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/4)
[^c23357131]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(2)
[^c23357151]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): definition of "deductible" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(3)
[^c23361171]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361191]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361211]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): words in definition of "deductible" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572371]: *See*—1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*from* 19*March* 1985.1990(C) s.111—*reduction of qualifying expenditure for premium relief.*
[^c21827511]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S. I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21572381]: SOURCE-1970 s. 134(1); 1978 s. 32
[^c21572391]: SOURCE-1970 s. 134(2), (3); 1978 s. 32
[^c21572401]: SOURCE-1970 s. 134(4)
[^c21572411]: SOURCE-1970 s. 134(4)(a)
[^c21572421]: SOURCE-1970 s. 134(4)(b)
[^c21572431]: SOURCE-1970 s. 134(5), (6); 1986 Sch. 13 para. 26
[^c21572451]: *Words repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21572461]: SOURCE-1970 s. 134(1)(i), (ii)
[^c21832891]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/2)
[^c21847131]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c21827711]: [S. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) modified (with effect in accordance with s. 39(4)(5) of the modifying act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/14/1)
[^c21853591]: [S. 87(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/a/b) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/34) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21852521]: Words in [s. 87(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853581]: [S. 87(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/10) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21859271]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 18](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/18)
[^c23361271]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358591]: Word at the end of s. 87(1)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361291]: [S. 87(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361311]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361331]: Words in [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361351]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361381]: Words in [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361401]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361421]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361441]: Word in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361461]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361481]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361501]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361531]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361571]: Word in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361591]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361611]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361631]: Word in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361651]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361691]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361721]: Words in [s. 87(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361741]: [S. 87(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361761]: [S. 87(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572471]: SOURCE-1972 s. 124(1)
[^c21572481]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21852541]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357191]: [S. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 9(2)
[^c23361801]: Words in [s. 88](https://www.legislation.gov.uk/ukpga/1988/1/section/88) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361821]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361841]: Words in [s. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416311]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834711]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416321]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834721]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416331]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834741]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23361861]: [S. 89](https://www.legislation.gov.uk/ukpga/1988/1/section/89) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/65) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369401]: Words in [s. 89(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/3) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/a)
[^c23369421]: [S. 89(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/4/5) added (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/b)
[^c23357211]: [S. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(2)
[^c23357241]: [S. 90(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(3)
[^c23361881]: Words in [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361901]: Words in [s. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361931]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358611]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572521]: SOURCE-1970 s. 141(1)
[^c21572531]: SOURCE-1970 s. 141(2)
[^c21572541]: SOURCE-1970 s. 141(3)–(8)
[^c21572551]: [1952 c. 33](https://www.legislation.gov.uk/ukpga/1952/33).
[^c21852581]: Words in [s. 91(1)(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/4/a/i) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859291]: [S. 91(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 19](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/19)
[^c23363401]: Words in [s. 91(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363421]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363731]: Words in [s. 91(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364111]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364131]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364151]: Words in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364171]: Word in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364191]: Words in [s. 91(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364211]: Words in [s. 91(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364231]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364251]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364271]: [S. 91(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572731]: [Ss. 91A](https://www.legislation.gov.uk/ukpga/1988/1/section/91A), [91B](https://www.legislation.gov.uk/ukpga/1988/1/section/91B) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 78](https://www.legislation.gov.uk/ukpga/1990/29/section/78).
[^c21572741]: Words in [s. 91A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/4/b) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(a)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/a); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572751]: [1974 c. 40](https://www.legislation.gov.uk/ukpga/1974/40).
[^c21572761]: [S.I. 1978/1049 (N.I.19)](https://www.legislation.gov.uk/nisi/1978/1049).
[^c21572771]: [S. 91A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/c) and the word “or” immediately preceding it inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/1/3)
[^c21572781]: [1960 c. 34](https://www.legislation.gov.uk/ukpga/1960/34).
[^c21572791]: [1993 c. 12](https://www.legislation.gov.uk/ukpga/1993/12).
[^c21572801]: [1965 c. 57](https://www.legislation.gov.uk/ukpga/1965/57).
[^c21572811]: [S. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(b)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/b); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572821]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c21572841]: [1991 c. 34](https://www.legislation.gov.uk/ukpga/1991/34).
[^c21847761]: Words in [s. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (S.) (27.5.1997) by [Planning (Consequential Provisions) (Scotland) Act 1997 (c. 11)](https://www.legislation.gov.uk/ukpga/1997/11), [s. 6(2)](https://www.legislation.gov.uk/ukpga/1997/11/section/6/2), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/1997/11/schedule/2/paragraph/41)
[^c21852601]: Words in [s. 91A(2)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858821]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (E.W.) (1.8.2000) by [The Pollution Prevention and Control (England and Wales) Regulations 2000 (S.I. 2000/1973)](https://www.legislation.gov.uk/uksi/2000/1973), [Sch. 10 para. 1](https://www.legislation.gov.uk/uksi/2000/1973/schedule/10/paragraph/1) (with [reg. 5](https://www.legislation.gov.uk/uksi/2000/1973/regulation/5))
[^c21858841]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (S.) (28.9.2000) by [The Pollution Prevention and Control (Scotland) Regulations 2000 (S.S.I. 2000/323)](https://www.legislation.gov.uk/ssi/2000/323), [Sch. 10 para. 2](https://www.legislation.gov.uk/ssi/2000/323/schedule/10/paragraph/2) (with [reg. 34](https://www.legislation.gov.uk/ssi/2000/323/regulation/34))
[^c21861161]: [S. 91A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/8) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23354891]: Words in [s. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (31.3.2003) by [The Pollution Prevention and Control Regulations (Northern Ireland) 2003 (S.R. 2003/46)](https://www.legislation.gov.uk/nisr/2003/46), [reg. 1](https://www.legislation.gov.uk/nisr/2003/46/regulation/1), [Sch. 11 para. 3](https://www.legislation.gov.uk/nisr/2003/46/schedule/11/paragraph/3)
[^c23364291]: Word in [s. 91A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358631]: Words in [s. 91A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572861]: [S. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/2/3)
[^c21852621]: Words in [s. 91B(2)(5)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2/5/a/6/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861191]: [S. 91B(11)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/11/e) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23364311]: Words in [s. 91B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358651]: Words in [s. 91B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364341]: Word in [s. 91B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364361]: Words in [s. 91B(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364381]: Words in [s. 91B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364401]: Words in [s. 91B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364421]: Words in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364451]: Word in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572301]: [S. 84A](https://www.legislation.gov.uk/ukpga/1988/1/section/84A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 42](https://www.legislation.gov.uk/ukpga/1991/31/section/42)
[^c21852471]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354591]: [S. 84A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354611]: Words in [s. 84A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23356941]: [S. 84A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/b/c) substituted for s. 84A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(2)
[^c23356961]: Words in [s. 84A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(3)
[^c23356981]: [S. 84A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3ZA) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(4)
[^c23361151]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/59) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572321]: [S. 85A](https://www.legislation.gov.uk/ukpga/1988/1/section/85A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 43](https://www.legislation.gov.uk/ukpga/1991/31/section/43)
[^c21852491]: Words in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/10)
[^c23357031]: Word in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(a)
[^c23357051]: [S. 85A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/b/c) substituted for s. 85A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(b)
[^c23357071]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(3)
[^c23357111]: [S. 85A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(4)
[^c21572361]: [S. 86A](https://www.legislation.gov.uk/ukpga/1988/1/section/86A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.69](https://www.legislation.gov.uk/ukpga/1993/34/section/69)
[^c21852511]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354651]: Words in [s. 86A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354671]: Words in [s. 86A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354691]: [S. 86A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23357171]: [S. 86A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 8(2)
[^c23361231]: Words in [s. 86A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361251]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852651]: Word in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859561]: Words in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 20](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/20)
[^c23364511]: Word in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364531]: Words in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861141]: [S. 83A](https://www.legislation.gov.uk/ukpga/1988/1/section/83A) modified (with effect in accordance with s. 58(4) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/a)
[^c21859081]: [S. 83A(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(1)(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/1/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859111]: Words in [s. 83A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/3)
[^c23360691]: Words in [s. 83A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360711]: Words in [s. 83A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360731]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360751]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360771]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360791]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360811]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360841]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360861]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360881]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360911]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357951]: [S. 82A](https://www.legislation.gov.uk/ukpga/1988/1/section/82A) modified (1.1.2005 with effect in accordance with art. 2 of the commencing S.I.) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 53(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/53/2); [S.I. 2004/3268](https://www.legislation.gov.uk/uksi/2004/3268), [art. 2](https://www.legislation.gov.uk/uksi/2004/3268/article/2)
[^c23360611]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360631]: Words in [s. 82A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360651]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23417381]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369591]: Words in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/2)
[^c23417391]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369611]: Words in [s. 82B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/3) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/3)
[^c23364471]: Words in [s. 91BA(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364491]: Word in [s. 91BA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860901]: [S. 76A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/3)
[^c21860921]: [S. 76A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/4)
[^c21860941]: [S. 76A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/5/6) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/5)
[^c23359821]: Words in [s. 76A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/46) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860961]: Words in [s. 76B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/7)
[^c21860981]: [S. 76B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/4) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/8)
[^c23356511]: Words in [s. 76B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/2)
[^c23356531]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) inserted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/a)
[^c23356551]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/b)
[^c23359621]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23359641]: [S. 79B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360361]: Word in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360381]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360411]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360431]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360451]: Words in [s.79B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/3) inserted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360471]: Words in [s. 79B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360491]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360521]: Words in [s. 79B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360541]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360561]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360591]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369301]: Words in [s. 75A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/a) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/a)
[^c23369321]: Words in [s. 75A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/b) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/b)
[^c21572871]: SOURCE-1984 s. 54(1), (4)
[^c21572881]: SOURCE-1984 s. 54(2), (3)
[^c21572891]: [1982 c. 52](https://www.legislation.gov.uk/ukpga/1982/52).
[^c21572901]: SOURCE-1980 s. 42(1)
[^c21572911]: SOURCE-1980 s. 42(2)
[^c21572921]: [1972 c. 63](https://www.legislation.gov.uk/ukpga/1972/63).
[^c21572931]: [1966 c. 36 (N.I.)](https://www.legislation.gov.uk/apni/1966/36).
[^c21572941]: [1971 c. 22 (N.I.)](https://www.legislation.gov.uk/apni/1971/22).
[^c21572951]: SOURCE-1980 s. 42(2); 1984 s. 55(1)
[^c21572961]: [S.I. 1982/1083 (N.I. 15)](https://www.legislation.gov.uk/nisi/1982/1083).
[^c21572971]: SOURCE-1980 s. 42(3); 1984 s. 55(2)
[^c23357261]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 11(2)
[^c23364551]: Word in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364571]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572981]: SOURCE-1970 s. 136
[^c21826351]: [S. 94](https://www.legislation.gov.uk/ukpga/1988/1/section/94) renumbered as s. 94(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/4)
[^c21826371]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/a)
[^c21852661]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364591]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364611]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369471]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/2)
[^c23369461]: [S. 94(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21847241]: [S. 95(1)(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1/1A/1B/2) substituted for s. 95(1)-(3) (with effect in accordance with [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/1)
[^c21849001]: [S. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/2)
[^c21849021]: Words in [s. 95(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/a)
[^c21849121]: [S. 95(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/b) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/b), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849041]: Words in [s. 95(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/c) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/c)
[^c21849131]: [S. 95(1A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/d) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/d), [Sch. 8 pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849061]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(e)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/e)
[^c21849141]: [S. 95(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1B) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/4), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849151]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/a), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849081]: Words in [s. 95(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2/a) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/b)
[^c21849101]: [S. 95(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2A) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/6)
[^c21849171]: [S. 95(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/4/5) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(7)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/7/8). {Sch. 8 Pt. 2(8)}
[^c23354741]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) repealed (with effect in accordance with Sch. 43 Pt. 3(6) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^c23356591]: [S. 95(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1C) inserted (2.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 137(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/137/2/6)
[^c23364651]: Words in [s. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358671]: [S. 95(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364671]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573031]: SOURCE-1970 s. 139
[^c21852681]: Words in [s. 97](https://www.legislation.gov.uk/ukpga/1988/1/section/97) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364691]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364711]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364731]: Words in [s. 98(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573061]: SOURCE-1970 s. 142(1)
[^c21573071]: SOURCE-1970 s. 142(2), (4)
[^c21573081]: SOURCE-1970 s. 142(2), (4)
[^c21852691]: Words in [s. 99(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364751]: Words in [s. 99(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364771]: Words in [s. 99(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364791]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364831]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364851]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23394171]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 2 para. 139(3)(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/139/3/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418131]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21573091]: *See*—1988(F) Sch.12 para.2—*building societies converting to companies.*[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(1)—*this provision not to apply to the discontinuance of an existing bank under the* TSB Act 1985.
[^c21573101]: Source—1970 s.137(1)
[^c21573111]: Source—1970 s.137(4)
[^c21829261]: Words in [s. 100(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/a) substituted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/1)
[^c21829301]: [S. 100(1A)-(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A) inserted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), by {s. 140(1)}
[^c21829321]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21852711]: Words in [s. 100(1)(1D)(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/1D/1E) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861421]: [S. 100](https://www.legislation.gov.uk/ukpga/1988/1/section/100) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/11/3); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21861211]: [S. 100(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1B/a) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 105(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/105/1), [Sch. 40 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/17)
[^c21861221]: [S. 100(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/3) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 106(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/1)
[^c23356611]: [S. 100(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1ZA) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/2/2)
[^c23364871]: Words in [s. 100(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364891]: Words in [s. 100(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364911]: Words in [s. 100(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364931]: Words in [s. 100(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1C/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364951]: Word in [s. 100(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1D) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364971]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364991]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358721]: Words in [s. 100(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/2/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573121]: Source—1970 s.138(1)
[^c21573131]: Source—1970 s.138(3)
[^c21573141]: Source—1970 s.138(5)
[^c21834931]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/2)
[^c21834951]: [S. 101(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/3)
[^c21852741]: Words in [s. 101(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365011]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358781]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358791]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365031]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358841]: [S. 101(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358811]: Words in [s. 101(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358861]: Words in [s. 101(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573151]: Source—1970 s.137(2), 138(2)
[^c21573161]: Source—1970 s.137(3), 138(4)
[^c21834971]: Words in [s. 102(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1/a) substituted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 22 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/11)
[^c21852761]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358901]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365051]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358921]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(a)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/a/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365071]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365091]: Word in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573171]: Source—1970 s.143; 1983 s.27(b)
[^c21573181]: [Sch.7 para.36(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/3) [Copyright Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced*).
[^c21826461]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/b)
[^c21826491]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/5)
[^c21852771]: Words in [s. 103(1)(2)(a)(b)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1/2/a/b/4/a/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365111]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358951]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365131]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365151]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365171]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365191]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358971]: [S. 103(3)(b)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/b/bb) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423281]: Words in [s. 103(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369491]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/2)
[^c23369271]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369511]: Words in [s. 103(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/5) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/5)
[^c21573191]: Source—1970 s.144(1)
[^c21573211]: Source—1970 s.144(3), (4)
[^c21852841]: Words in [s. 104(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853831]: [S. 104(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/4/5/7) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365231]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359011]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365251]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365271]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359031]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573221]: Source—1970 s.145
[^c21835011]: [S. 105](https://www.legislation.gov.uk/ukpga/1988/1/section/105) modified by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 15A](https://www.legislation.gov.uk/ukpga/1990/1/section/15A) (as inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 201](https://www.legislation.gov.uk/ukpga/1996/8/section/201), [Sch. 39 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/1/2))
[^c21829331]: Words in [s. 105(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/2) inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/6)
[^c21852921]: Words in [s. 105(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1/a/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853881]: [S. 105(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/4) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365291]: Words in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365331]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365351]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365371]: Words in [s. 105(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573231]: Source—1970 s.147
[^c21852931]: Word in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365411]: Words in [s. 106(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365431]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365451]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365471]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365491]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573271]: Source—1970 s.151(1)
[^c21573291]: Source—1970 s.151(2)-(5)
[^c21829441]: Words in [s. 110(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1) substituted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/3)
[^c21852991]: Words in [s. 110(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/3/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365571]: [S. 110(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1A) subsituted for s. 110(2) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 90](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/90) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21829371]: [S. 109A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/1) modified (with application as stated in s. 90(7) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/2)
[^c21835111]: Words in [s. 109A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/5/1)
[^c21835131]: [S. 109A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4A) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/5/2)
[^c21852961]: Words in [s. 109A(2)(d)(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/2/d/4/4A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23359091]: [S. 109A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359111]: Words in [s. 109A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359131]: Words in [s. 109A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365531]: Words in [s. 109A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365551]: [S. 109A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/6A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22730011]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) modified (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)
[^c22730031]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with application in accordance with s. 44 of the excluding act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/1/2), [Sch. 6 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6/6)
[^c22730041]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with effect in accordance with s. 64 and Sch. 22 paras. 16-18 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 13(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/13/6)
[^c23365591]: Words in [s. 111(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573401]: Source—1970 s.155(1); 1973 s.31(5); 1980 s.39(3)
[^c21573411]: Source—1970 s.155(2); 1972 s.107(2)
[^c21826551]: [S. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 172(4)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/172/4)
[^c21826581]: Words in [s. 114(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 215(4)(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/4/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/2) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21826661]: [S. 114(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/a), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21831731]: Words in [s. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/4)
[^c21831771]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/3) repealed (with effect in accordance with [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/218/1)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 1
[^c23385131]: [S. 115(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5C) inserted (retrospectively) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(1)(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/1/4)
[^c21827331]: [S. 115(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/1)(6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21832551]: [S. 115(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/5) substituted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/5)
[^c23354721]: Words in [s. 115(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23365611]: [S. 115(5)-(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) substituted for s. 115(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426381]: [S. 115(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) modified (with retrospective effect) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(5)(6)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/5/6/b)
[^c21573471]: Source—1973 s.31(1)-(5), (9), 32(6)
[^c21853931]: [S. 116(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/2/d) repealed (with effect in accordance with Sch. 3 para. 10(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 10(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/10/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21859591]: [S. 116(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4/b) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 21](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/21)
[^c23365631]: Word in [s. 116(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 96](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/96) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573491]: Source—1985 Sch.12 2(1)-(3).
[^c21573511]: 1985 Sch.12 1, 2(4)
[^c21573521]: [1907 c. 24](https://www.legislation.gov.uk/ukpga/1907/24).
[^c21573541]: Source—1985 Sch.12 4
[^c21573551]: Source—1985 Sch.12 2(5)
[^c21853271]: Words in [s. 117(1)(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/3/b/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b) Sch. 7 para. 1
[^c21859821]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859841]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859861]: [S. 117(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859871]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c21859881]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c21859901]: [S. 117(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/c), [Sch 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c23356631]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/2)
[^c23357291]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(a)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/a/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357311]: Words in [s. 117(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/a) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(a)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/a/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357331]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(b)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/b/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23426891]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(b)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/b/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357381]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(1)(a)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/1/a/4)
[^c23357401]: [S. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2): definition of "the amount of any reclaimed relief" inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(1)(b)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/1/b/4)
[^c23357361]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(c)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/c/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357421]: [S. 117(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/5) added (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(2)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/2/5)
[^c21573601]: Source—1985 Sch.12 3(1)-(3)
[^c21573611]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/a)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21573631]: Source—1985 Sch.12 3(4), 1, 4
[^c21573641]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21853941]: Words in [s. 118(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/2) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/35)
[^c21853301]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21860031]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860111]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860071]: [S. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860121]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/a) {Sch. 4} (with Sch. 2 para. 23(3))
[^c21860131]: Words in [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860091]: [S. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860751]: [S. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)
[^c23365651]: Words in [s. 118ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365671]: Words in [s. 118ZA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427041]: [S. 118ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB) renumbered as s. 118ZB(1) (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/3)
[^c23356671]: [S. 118ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB/2) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/3)
[^c23357451]: Words in [s. 118ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(2)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/2/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357671]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(3)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/3/5)
[^c23356681]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/4)
[^c23357471]: Words in [s. 118ZE(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(3)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/3/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23365691]: Words in [s. 118ZE(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365711]: Words in [s. 118ZE(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365731]: Words in [s. 118ZE(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357501]: Words in [s. 118ZF(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(4)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/4/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357691]: Words in [s. 118ZF(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(2)(a)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/2/a/4)
[^c23357701]: [S. 118ZF(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1A) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/2/b/4)
[^c23357531]: Words in [s. 118ZG(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZG/2/b/ii) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(5)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/5/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357711]: [S. 118ZG(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZG/7) added (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(4)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/4/5)
[^c23365751]: Words in [s. 118ZH(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZH/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 99](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/99) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357561]: Words in [s. 118ZJ(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/3) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(a)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/a/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357591]: Words in [s. 118ZJ(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/4) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(b)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/b/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357631]: [S. 118ZJ(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/4/b) and preceding word repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(b)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/b/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357661]: [S. 118ZJ(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/5/b) and preceding word repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(c)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/c/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23365771]: Words in [s. 118ZK(2)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZK/2/b/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/100) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365801]: Words in [s. 118ZL(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365821]: Words in [s. 118ZL(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365841]: Words in [s. 118ZL(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365861]: Words in [s. 118ZL(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357931]: [S. 118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) modified (retrospective to 2.12.2004) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 3 paras. 17](https://www.legislation.gov.uk/ukpga/2005/7/schedule/3/paragraph/17), [31(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/3/paragraph/31/3)
[^c23365881]: Words in [s. 118ZM(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 102](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/102) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573671]: Source—1970 s.156
[^c21573681]: [S. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 201(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573691]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/4) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21832621]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) repealed (with effect in accordance with s. 145(3), Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/1), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21832661]: Words in [s. 119(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/2) repealed (with effect in accordance with Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21861441]: Word in [s. 119(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/3) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2), Sch. 12 para. 50(3), {Sch. 13 Pt. 1}; [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23365901]: Word in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/103) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573701]: Source—1970 s.157
[^c21847521]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/a)
[^c21847561]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/b), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847541]: [S. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/3)
[^c21847571]: [S. 120(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/2) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/4), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847611]: [S. 120(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/5/c) and preceding word repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by Finance Act 1997, (c. 16), s. 60(5), {Sch. 18 Pt. 6(2)}
[^c23365921]: Word in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365941]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365961]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573711]: Source—1970 s.158(1), (2)
[^c21832671]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) substituted for s. 121(1)(2) (with effect in accordance with [s.145(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/2)
[^c23359361]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/105), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573811]: Source—1970(F) s.29(1), (3); 1971 Sch.9 4
[^c21573821]: [S. 122(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1/b) and the word "and" immediately preceding it repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573841]: Source—1970(F) s.29(2)
[^c21573851]: [S. 122(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/3/8) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573881]: *For regulations see* Part III Vol.5.
[^c21573891]: [S. 122(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/5) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 203(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/203/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573911]: [1966 c. 4](https://www.legislation.gov.uk/ukpga/1966/4).
[^c21573931]: [1969 c. 35 (N.I.)](https://www.legislation.gov.uk/apni/1969/35).
[^c21573941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c21573951]: [1903 c. 37](https://www.legislation.gov.uk/ukpga/1903/37).
[^c21832691]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (1.5.1995 with effect in accordance with Note to Sch. 29 Pt. 8(22) of the amending act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c23365991]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359371]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(b)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/b/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366011]: Word in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359411]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366031]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359431]: [S. 122(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21574141]: Source—1977 s.48
[^c21574151]: *See* 1989 s.59—*rights of admission disregarded in the case of certain covenanted subscriptions.*
[^c23369551]: [S. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) substituted (with retrospective effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/7) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/2)
[^c23366051]: [S. 125(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/a) and word substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366071]: Words in [s. 125(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369631]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) substituted (with effect in accordance with [s. 38(7)(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/3)
[^c23369651]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (with effect in accordance with s. 38(7)(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21574281]: Source—1985 s.72(1), (2); 1987 (No.2) s.81(1)
[^c21574291]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/7) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21861281]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(1) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/1/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21861351]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(3) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21574451]: *See*—1988 s.338(6)—*definition applied for purposes of* s.338(3) (*charges*).1988 s.576(5)—*definition applied for purposes of* ss.573 to 576 (*losses on unquoted shares in trading companies*).[Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(6).
[^c23356841]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130) sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/4)
[^c21574741]: [S. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss.120](https://www.legislation.gov.uk/ukpga/1992/12/section/120), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21574751]: Source—1972 s.79(1), (4)
[^c21574761]: Source—[1972 c.79](https://www.legislation.gov.uk/ukpga/1972/79)(1), (7)
[^c21574771]: Source—1972 s.79(2)(b), (3)(b), (8)
[^c21574781]: Source—1973 Sch.8 1
[^c21574791]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574801]: Source—1972 s.79(2)(bb); 1984 s.40(1)
[^c21574811]: Source—1972 s.79(6)
[^c21574821]: Source—1973 Sch.8 1(b), 3; 1974 s.20(2)
[^c21574831]: Source—1973 Sch.8 2
[^c21574841]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574851]: Source—1972 s.79(2A); 1973 Sch.8 4(1)(b)
[^c21574861]: Source—1972 s.79(2B); 1984 s.40(2)
[^c21574871]: Source—1972 s.79(5), (6); 1973 Sch.8 4(1)(c); 1986 s.26(4)
[^c21574881]: Source—1972 s.79(5A), (5B); 1986 s.26(3), (6)
[^c21574891]: Source—1972 s.79(3)(a); 1974 s.20(1)(b)
[^c21574901]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 88, 148, Sch.14 Part VI in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441861]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c23391981]: Words in [s. 138(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392011]: Words in [s. 138(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21575111]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 88](https://www.legislation.gov.uk/ukpga/1988/39/section/88), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VI](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14) in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441911]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c21575011]: Source—1972 s.79(1A), (1B); 1984 s.41(1)
[^c21575021]: Source—1972 s.79(10), (11)
[^c21575031]: Source—1972 Sch.12 3; 1984 s.41(2)
[^c21575041]: Source—1972 Sch.12 3A; 1984 s.40(4)
[^c21575051]: Source—1973 Sch.8 5-7; 1982 s.41
[^c21575061]: Source—11982 s.41; 1986 s.23(4)
[^c21575071]: Source—1973 Sch.8 35; 1972 Sch.12 6, 8
[^c21575081]: Source—1972 s.79(6A); 1986 s.26(5)
[^c21575091]: Source—1972 s.79(4A); 1984 s.40(3)
[^c21575101]: Words in [s. 139(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/139/14) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21575731]: Source—1981 s.28; 1987 Sch.3 6
[^c22201601]: Words in [s. 152(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/1) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 13](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/13); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(b)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/b)
[^c22277021]: Words in [s. 152(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/7) substituted (27.6.2002) by [The Secretaries of State for Education and Skills and for Work and Pensions Order 2002 (S.I. 2002/1397)](https://www.legislation.gov.uk/uksi/2002/1397), [Sch. para. 6](https://www.legislation.gov.uk/uksi/2002/1397/schedule/paragraph/6)
[^c21580051]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21868021]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)
[^c22731381]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4A)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4A), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220) (as that s. 219(4A) is inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22731391]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(a)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/a)
[^c22732721]: [s. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by Finance Act1993 (c. 34), s. 171(4A) (as inserted by [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4)),
[^c23397881]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) modified (with retrospective effect) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/1/2)
[^c21581151]: Source—1970 s.239
[^c21868001]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 14(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/14/5)
[^c21868371]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 13(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/13/5) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7), [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21885271]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 18(2)(c)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2/c), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(4)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/4)
[^c21581251]: Source—1970 s.233(1); 1980 s.45(2)
[^c21581261]: Source—1970 s.233(2)(a), (b), (c); 1972 Sch.22 1, 2(1)
[^c21581271]: Source—1970 s.233(2)(d)(iii); 1972 Sch.22 3(2)
[^c21581281]: Source—1970 s.233(d), (e); 1970(F) Sch.4 6; 1972 Sch.22 3(1)
[^c21581291]: [S. 209(2)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/vii) and word "or" immediately preceding inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/1/4).
[^c21581301]: Source—1972 Sch.22 3(3)
[^c21581311]: Source—1970 s.233(3); 1972 Sch.22 4(3)
[^c21581321]: Source—1972 Sch.22 4(1), (2)
[^c21581331]: Source—1970 s.233(4)
[^c21581341]: Source—1972 Sch.22 2(2)
[^c21581351]: [S. 209(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/9) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(2)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/2/4).
[^c21868391]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/1)
[^c21868411]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/a)
[^c21868471]: [S. 209(2)(e)(iv)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/iv/v) repealed (with effect in accordance with s. 87(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b), [Sch. 29 Pt. 8(12)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/12), Note
[^c21868431]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b)
[^c21868451]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3)
[^c21891551]: Words in [s. 209(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/ii) substituted (with effect in accordance with [Sch. 38 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/b)
[^c21890701]: [S. 209(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/11) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22735861]: [S. 209(2)(da)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da/e/vii) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c22735751]: Words in [s. 209(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/9)
[^c22735771]: [S. 209(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3B) inserted (with application in accordance with [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1)
[^c22735881]: [S. 209(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3AA) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/1)
[^c23396201]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (12.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2006/3296/regulation/16)
[^c23394941]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/a), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395031]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2)
[^c23395051]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395071]: Words in [s. 209(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23394961]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/b), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581361]: Source—1970 s.234(1), (2)
[^c21581371]: Source—1972 Sch.22 5(2), (3)
[^c21581381]: Source—1970 s.234(3); 1973 s.54
[^c21891571]: Words in [s. 210(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/210/4) substituted (with effect in accordance with [Sch. 38 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/a)
[^c21581391]: Source—1970 s.235(1); 1972 Sch.22 6(1), (3)
[^c21581401]: Source—1972 Sch.22 6(2)
[^c21581411]: Source—1970 s.235 (2)-(5)
[^c23397511]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c23394681]: Words in [s. 209B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209B/4) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/2)
[^c21581431]: Source—1982 s.60(1)-(4)
[^c21581441]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/3/4).
[^c23395091]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395141]: Words in [s. 212(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395131]: [S. 212(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581451]: Source—1980 s.117, Sch.18 1-8, 23
[^c21581461]: 1990 s.89*and* Sch.14 para.3 (*correction of errors*)—*deemed always to have had effect. Previously* “(3)(1)(a)”.
[^c23394721]: Words in [s. 213(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/213/11/a) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/3)
[^c21581471]: Source—1980 Sch.18 14
[^c21581491]: Source—1980 Sch.18 13
[^c22735921]: Words in [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/c) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/3)
[^c23394741]: Words in [s. 214(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/4)
[^c23395571]: Words in [s. 214(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/a) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395591]: [S. 214(1)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/ab) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395611]: [S. 214(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1A/1B) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581501]: Source—1980 Sch.18 17
[^c21581511]: Source—1980 Sch.18 18
[^c23394761]: Words in [s. 215(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/215/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/5)
[^c21581521]: Source—1980 Sch.18 19
[^c21581531]: Source—1980 Sch.18 20
[^c21581561]: Source—1980 Sch.18 23
[^c21581541]: Source—1980 Sch.18 21
[^c21581551]: Source—1980 Sch.18 22
[^c21581571]: Source—1982 s.53(1)-(3); 1986 s.100
[^c21581591]: Source—1982 Sch.9 1, 2
[^c21581601]: Words in [s. 220(2)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(14)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/14) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c23396021]: Words in [s. 220(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [49](https://www.legislation.gov.uk/uksi/2005/3229/regulation/49)
[^c21581621]: Source—1982 Sch.9 3(1)
[^c21581631]: Source—1982 Sch.9 4
[^c21581641]: Source—1982 Sch.9 3(2)-(4)
[^c21581651]: Source—1982 Sch.9 3(5), (6)
[^c21581661]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21581671]: Source—1982 Sch.9 3(7)
[^c21581681]: Source—1982 Sch.9 5(1), (2)
[^c21581691]: Source—1982 Sch.9 6(1), (2)
[^c21581701]: Source—1982 Sch.9 6(3)
[^c21581711]: Source—1982 Sch.9 5(3)-(6)
[^c21581721]: Source—1982 Sch.9 5(7), 6(4)
[^c21581731]: Source—1982 Sch.9 5(8)-(10)
[^c21581741]: Source—1982 Sch.9 7
[^c21581751]: Source—1982 Sch.9 8
[^c21581761]: Source—1982 Sch.9 9
[^c21581771]: Source—1982 Sch.9 10
[^c21581781]: Source—1982 Sch.9 11
[^c21581791]: Source—1982 Sch.9 12
[^c21581801]: Source—1982 Sch.9 14
[^c23396061]: Words in [s. 227(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [50](https://www.legislation.gov.uk/uksi/2005/3229/regulation/50)
[^c23396081]: Words in [s. 227(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/5) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396121]: Words in [s. 227(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/8/a) substituted (6.4.2006) by Finance Act 2004 (c 12), s. 284(1), Sch. 35 para. 7 (with Sch. 36)
[^c23396101]: Words in [s. 227(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/9) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581811]: Source—1982 Sch.9 15
[^c21581821]: Source—1982 Sch.9 16
[^c23396141]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396161]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581831]: Source—1975 (No.2) Sch.8 6
[^c21581841]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) repealed (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17)
[^c23395631]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581871]: *See* 1989 s.107*and* Sch.12—*close companies.*
[^c21581881]: Source—1972 s.86; 1972 s.110(1)
[^c21581891]: *See*—s.94—*taxation of dealer's receipts on purchase by company of own shares.*[s.423](https://www.legislation.gov.uk/ukpga/1988/1/section/423)*et seq—close company income.*[s.448](https://www.legislation.gov.uk/ukpga/1988/1/section/448)—*overseas life assurance companies.*
[^c21581951]: *Repealed by* 1989 s.187*and* Sch.17 Part IV*but in accordance with* 1989 ss.110*and* 111.
[^c21893561]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/1))
[^c21893581]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(4B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/4B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22732761]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/2/b)
[^c21893641]: [S. 231(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1A) inserted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/3)
[^c22732921]: [S. 231(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/2) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/4), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9) (with savings in [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/90/1) and [S.I. 1998/1871](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 4(1)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/4/1))
[^c22732861]: [S. 231(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/7), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22735731]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(b)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/b)
[^c22734711]: [S. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/76/4)
[^c23396181]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 121(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/121/5), [Sch. 17 para. 18(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/18/2)
[^c23396771]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/694)](https://www.legislation.gov.uk/uksi/2006/694), [regs. 69Z18(5)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z18/5), [69Z19(2)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z19/2) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)
[^c23395651]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23472711]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/6)
[^c23395671]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395231]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395251]: [S. 231(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3/3AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395691]: Words in [s. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21885251]: [S. 234](https://www.legislation.gov.uk/ukpga/1988/1/section/234) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 21(2)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/21/2)
[^c21582181]: Source—1970 s.232(4); 1972 Sch.24 18
[^c21582191]: Words in [s. 234(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/1) substituted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/a/4).
[^c21582201]: [S. 234(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/3/4) repealed (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 32(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/b/4), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII).
[^c21582221]: Source—1972 Sch.21
[^c21582231]: 1989 s.107*and* Sch.12 para.11.*Previously* “paragraph 17 of Schedule 19 for the purposes of that Schedule”.
[^c23397291]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (with modifications) (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2006/964/regulation/70) (as amended (1.9.2009) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [2](https://www.legislation.gov.uk/uksi/2009/2036/regulation/2), [25](https://www.legislation.gov.uk/uksi/2009/2036/regulation/25))
[^c23397311]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (1.9.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034)](https://www.legislation.gov.uk/uksi/2009/2034), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2034/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2009/2034/regulation/21)
[^c23394591]: [S. 234A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) excluded (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 493(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/3) (with [s. 493(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/5), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486891]: [S. 234A(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 2 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21891531]: [S. 234A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/8A) inserted (with application in accordance with [Sch. 37 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/a)
[^c22732981]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) repealed (with effect in accordance with Sch. 4 para. 26(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para 26(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/26/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c23395801]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395171]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) inserted (with effect in accordance with [Sch. 24 para. 1(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/1)
[^c23395721]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395741]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395761]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395781]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395281]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395191]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) inserted (with effect in accordance with [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/2)
[^c23395941]: Words in [s. 231AB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395961]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395981]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396001]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395301]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583561]: *See* Sch.10 para.5—*profit sharing schemes.*
[^c21583571]: Source—1975 (No.2) s.34(1)-(6)
[^c21583581]: *Words repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c23395821]: Words in [s. 249(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/2)
[^c23395361]: [S. 249(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395841]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395421]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395861]: Words in [s. 249(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/9/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583661]: Source—1975 (No.2) Sch.8 7(1)
[^c21583671]: Source—1975 (No.2) Sch.8 7(2)
[^c21583681]: Source—1975 (No.2) Sch.8 7(3)-(6)
[^c21583691]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17) (in relation to accounting periods beginning after 31 March 1989).
[^c23395901]: Words in [s. 250(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/5/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395921]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583751]: Source—1975 (No.2) s.34(8)(a)-(d)
[^c21891881]: [S. 251(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/1/c) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/4/2)
[^c23395441]: [S. 251(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/121), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583831]: Source—1972 s.102; (No.2) s.88(5)-(7)
[^c21583821]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 80(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/80/8)
[^c21885211]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 15(4)(5)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/15/4/5)
[^c21885231]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 20](https://www.legislation.gov.uk/uksi/1995/1979/regulation/20)
[^c22733931]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/10)
[^c21583841]: [S. 252(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/4) power exercised: 30.9.1993 appointed for the purposes of s. 252(2)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21583861]: *See* 1989 s.157(1)*for reckonable date for interest charge under* 1970(M) s.86*where assessment made to recover corporation tax payable as the result of a claim under* s.240*made on or after* 14*March* 1989. (*Ceases to have effect for accounting periods ending after the day appointed for the purposes of* s.86).
[^c22735471]: [S. 252(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/1/a) repealed (with effect in accordance with Sch. 3 para. 21(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 21(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/21/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583871]: Source—1972 s.108
[^c22735491]: [S. 253(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1/b) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/a), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735511]: Words in [s. 253(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/b), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735551]: [S. 253(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/2) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735531]: Words in [s. 253(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/3/a) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583881]: Source—1970 s.237(1), (3), (5); 1972 Sch.22 10(4)
[^c21583911]: Source—1972 Sch.22 10(1)-(3)
[^c21583921]: Source—1970 s.237(1)
[^c21583931]: Source—1972 Sch.22 8
[^c21583941]: Source—1972 Sch.22 9
[^c21583951]: Source—1970 s.237 (2)
[^c21583961]: Source—1970 s.237(4)
[^c21583971]: Source—1970 s.237(6)
[^c21583981]: Source—1970 s.237(7)
[^c21891591]: Words in [s. 254(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/254/11) substituted (with effect in accordance with [Sch. 38 para. 6(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/d)
[^c21890661]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Airports Act 1986 (c. 31)](https://www.legislation.gov.uk/ukpga/1986/31), [s. 77(3)](https://www.legislation.gov.uk/ukpga/1986/31/section/77/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890681]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1986/44/section/60/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890911]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [British Steel Act 1988 (c. 35)](https://www.legislation.gov.uk/ukpga/1988/35), [s. 11(7)](https://www.legislation.gov.uk/ukpga/1988/35/section/11/7) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 55](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/55) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21584011]: Source-1970 s.5; 1971 Sch.4 3; 1975 (No.2) s.31(3); 1976 Sch.4 3(1), 18(1)
[^c21584021]: “287 and 288” *repealed by* 1988(F) Sch.14 Part. VIII*for* 1990-91*and subsequent years. And see* 1970(M) ss.42*and* 43—*procedure on claims and appeals.*
[^c21866331]: [S. 256](https://www.legislation.gov.uk/ukpga/1988/1/section/256) renumbered as s. 256(1) (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/1)
[^c21866351]: [S. 256(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/3) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2)
[^c22732211]: Words in [s. 256(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/a) substituted (1999-2000 and subsequent years of assessment) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/1/a)
[^c22732251]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3) modified (2000-2001) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/4)
[^c22732221]: Words in [s. 256(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3/a) substituted (with effect in accordance with [s. 35(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/a)
[^c22732231]: [S. 256(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3/b) repealed (with effect in accordance with s. 35(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/b), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5), Note 2
[^c22732241]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3): words after para. (c) repealed (with effect in accordance with s. 35(3) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/c), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4), Note
[^c21584101]: [Ss. 257-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257) substituted for s. 257 (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 33](https://www.legislation.gov.uk/ukpga/1988/39/section/33)
[^c21584131]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(3)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/3) (*in* Part III Vol.5)*for* 1990-91.
[^c21584171]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22732341]: [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(3)](https://www.legislation.gov.uk/uksi/1991/732/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(3)](https://www.legislation.gov.uk/uksi/1992/622/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/755/article/2/3)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/3)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(a)(d)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(b)(c)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/b/c)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/a)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/a)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1998/755/article/2/3) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (1999-00) by [S.I. 1998/2704](https://www.legislation.gov.uk/uksi/1998/2704), [art. 2](https://www.legislation.gov.uk/uksi/1998/2704/article/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(c)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/c) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1999-00) by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/1) (in place of [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(a)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/a/b)) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2000-01) by [S.I. 1999/3038](https://www.legislation.gov.uk/uksi/1999/3038), [art. 2](https://www.legislation.gov.uk/uksi/1999/3038/article/2) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/806/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/2) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(2)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/2) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/1) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/1) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/2) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2004-05) by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/1) (in place of [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/b/c)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2005-06) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/9/1) (in place of [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/b/c)) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(2)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/2) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(2)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (2008-09) by [2008 c. 9](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/1/b), [3(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/1) (in place of [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/a)) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(ii)-(iv)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/ii) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2009-10) by [2009 c. 10](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(1)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/1/b) (in place of [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(i)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/i))
[^c22222711]: Words in [s. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/13), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23411951]: [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21584381]: [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1991-92) by [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/2) (in place of [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/a)) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/a)) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1993/755/article/2/4)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1994-95) by [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(a)-(c)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/a) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amount specified (1994-95) [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(d)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/d)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1995-96) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/9) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(4)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(4)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(4)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1998/755/article/2/4) [S. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) amended (1999-00) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/2) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(4)](https://www.legislation.gov.uk/uksi/1999/597/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(4)](https://www.legislation.gov.uk/uksi/2000/806/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(3)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(3)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(3)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(3)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/3) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(4)](https://www.legislation.gov.uk/uksi/2008/673/article/2/4) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(c)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/c)
[^c21584451]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22219311]: [Ss. 257A-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) restricted (with effect as mentioned in s. 77(7) of the restricting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c21866261]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/b)
[^c21866281]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/c)
[^c21584481]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(4)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/4) (*in* Part III Vol.5)*for* 1990-91.
[^c21866311]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/1)
[^c22226371]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (with effect in as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/14/3)
[^c22299371]: [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22293281]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/3/a)
[^c22299141]: Word in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/a)
[^c22299161]: [S. 257A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3/b) and preceding word inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/b)
[^c22299391]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/c), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22732351]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/a)
[^c22299291]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/b)
[^c22299501]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) repealed (with effect as mentioned in s. 31(11), Sch. 20 Pt. 3(3) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/6), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299311]: [S. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) inserted (with effect as mentioned in [s. 31(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/11) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/7) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299331]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/8)
[^c22299351]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) inserted (with effect as mentioned in [s. 31(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(9)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/9)
[^c23398291]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408631]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/a)
[^c23408651]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/b)
[^c23408671]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/a)
[^c23408691]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/b)
[^c23487281]: [S. 257A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3A) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/4)
[^c23411971]: [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21584551]: [S. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c21584561]: 1989 s.33(10).
[^c21584571]: 1989 s.57(4).
[^c21584581]: [S. 257B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/2/e) and ',or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21584591]: [S. 257B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/3) applied (with modifications) for the year of assessment 1990-91 by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219351]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22732541]: [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) applied (2000-01 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5)
[^c21584691]: [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1991-92) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1993-94) by Finance Act [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/10) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1995-96) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1997-98) by [Finance Act 1997 (c.16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1999-00) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2003-04) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 28(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/2), [29(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2004-05) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2005-06) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9](https://www.legislation.gov.uk/ukpga/2005/7/section/9) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2008-09) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/2/b), [3(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/2/b) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2009-10) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/2/b)
[^c21584701]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(3)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/a/8)
[^c21584721]: [S. 257C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(3)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21584731]: *See* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677)*in* Part III Vol.5*for* 1990-91.
[^c21584741]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22732601]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (2002-03 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(3)(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/3/6)
[^c22732551]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) inserted (1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/3/4)
[^c22732631]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (2003-04 and subsequent years of assessment in accordance with [s. 53(7)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/7) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 53(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/4)
[^c22732661]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) modified (2002-03) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/b)
[^c23398351]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23403961]: Words in [s. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 35](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/35) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23411181]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/a)
[^c23411201]: Words in [s. 257C(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/b)
[^c23411221]: Words in [s. 257C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/c)
[^c21585391]: 1988(F) s.35*and* Sch.3 para.8*for* 1990-91*and subsequent years. Previously* “Relief for blind persons.**265.**—(1) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and that one of them was, and the other was not, a registered blind person for the whole or part of the year; or (b) that, not being such a married man, he was a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £540 from his total income. (2) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and (b) that he was a registered blind person for the whole or part of the year and his wife was also a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £1,080 from his total income. (3)*Unless a claimant who is entitled to relief for the year of assessment under section* 264*in respect of the services of a son or daughter relinquishes his claim to that relief, he shall not be allowed relief under this section for that year* (*Repealed by* 1988(F) ss.25(3), 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*). (4) In this section “registered blind person” means a person registered as a blind person in a register compiled under section 29 of the National Assistance Act 1948 or, in the case of a person ordinarily resident in Scotland or in Northern Ireland, a person who is a blind person within the meaning of section 64(1) of that Act.”.*And see* Table E Vol.1*for previous years.*
[^c21585421]: 1989 s.33(10).
[^c21585431]: 1989 s.57(4)
[^c21585441]: [S. 265(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/e) and ' ,or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21585461]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1990-91) by [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1](https://www.legislation.gov.uk/uksi/1993/415/regulation/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219201]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2) [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21585471]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/8/4), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734691]: [S. 265(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/a) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22217551]: Words in [s. 265(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/b) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/10), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c22217771]: [S. 265(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/d) repealed (with effect as mentioned in Sch. 10 para. 3(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/10/paragraph/3/1), [Sch. 26 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/3), Note 1
[^c22225601]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by Finance Act 1996, Sch. 20 para. 19, Sch. 41 Pt. 5(10), Note
[^c22749141]: Words in [s. 265(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5/a) substituted (with effect as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/135/2) of the amending Act) by Finance Act 1996, Sch. 21 para. 6
[^c22749231]: [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(5)](https://www.legislation.gov.uk/uksi/1999/597/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(5)](https://www.legislation.gov.uk/uksi/2000/806/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/638/article/2/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/707/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(4)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(4)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(5)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(5)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 3](https://www.legislation.gov.uk/uksi/2008/673/article/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 3](https://www.legislation.gov.uk/uksi/2008/3024/article/3)
[^c22749151]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (with effect in accordance with [s. 56(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/1)
[^c22749171]: [S. 265(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/2)
[^c22749251]: [S. 265(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/e) and preceding word repealed (with effect in accordance with s. 59(3)(b) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/15), Note; [S.I. 2000/2004](https://www.legislation.gov.uk/uksi/2000/2004), [art. 2](https://www.legislation.gov.uk/uksi/2000/2004/article/2)
[^c23411281]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/2)
[^c23411301]: Words in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/a)
[^c23411321]: Word in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/b)
[^c23411341]: [S. 265(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/4) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/4)
[^c23411361]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/5)
[^c23411381]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/6)
[^c23411981]: Words in [s. 265(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/c) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/8) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585771]: Source-1978 Sch.3 11
[^c21585791]: Source-1978 Sch.3 12; 1981 s.33
[^c21585801]: [1974 c. 52](https://www.legislation.gov.uk/ukpga/1974/52).
[^c22749801]: [S. 266(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/3)
[^c22749821]: [S. 266(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/4)
[^c21585781]: Words in [s. 266(2)(a)(iii)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/iii/6/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21585891]: Source-1975 s.7; 1976 Sch.4 19(1); 1984 s.72(5)
[^c23412061]: Words in [s. 268(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/268/7/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 11](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/11) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585901]: Source-1975 s.8; 1976 Sch.4 19(2); 1984 s.72(5)
[^c21585911]: Source-1975 s.9(1)-(4); 1976 Sch.4 19(3)
[^c21585921]: Source-1975 Sch.2 16(1), (3); 1976 s.35
[^c22749891]: Words in [s. 271(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/a), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749901]: Words in [s. 271(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/b) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/b), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749911]: Words in [s. 271(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/c) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/c), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749921]: [S. 271(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/2/b) and preceding word repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/2), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c23408131]: Words in [s. 271(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21585931]: Source-1975 Sch.1
[^c21585941]: 1988(F) s.35*and* Sch.3 para.10*for* 1990-91*and subsequent years. Previously* “Payments securing widows' and children's annuities.**273.** Subject to sections 274, 617(3) and 619(6), if the claimant is, under any Act of Parliament or under the terms or conditions of his employment, liable to the payment of any sum, or to the deduction from his salary or stipend of any sum, for the purpose of securing a deferred annuity to his widow or provision for his children after his death, he shall be entitled to a deduction from the amount of income tax with which he is chargeable equal to income tax at the basic rate on the amount of the sum paid by him or deducted from his salary or stipend.”.
[^c23408231]: [S. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) renumbered as s. 273(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408211]: [S. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [59](https://www.legislation.gov.uk/uksi/2005/3229/regulation/59)
[^c23412081]: Words in [s. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/12) (as amended by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 655](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/655), [Sch. 2 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/161) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))) (with Sch. 36)
[^c21585971]: Source-1970 s.21(4); 1975 Sch.2 6; 1980 s.29; 1976 Sch.4 21; 1987 Sch.15 2(5)
[^c21585981]: 1988(F) s.29—*from* 6*April* 1989.*Previously* “15 per cent.”.
[^c22219331]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22181111]: Words in [s. 257BA(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/1/a) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181141]: Words in [s. 257BA(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/1/b) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181171]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/a) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181191]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/b) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181211]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/c) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22300751]: Words in [s. 257BA(1)(a)(2)(a)(3)(a)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a/2/a/3/a/6) substituted (with effect as mentioned in [s. 32(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/a)
[^c22300831]: Words in [s. 257BA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2) repealed (with effect as mentioned in s. 32(4), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/b), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22300811]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (with effect as mentioned in [s. 32(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/c)
[^c23408791]: Words in [s. 257BA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/a)
[^c23409311]: Words in [s. 257BA(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/b/i)
[^c23409971]: Words in [s. 257BA(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/b/ii)
[^c23409991]: Words in [s. 257BA(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/c/i)
[^c23410011]: Words in [s. 257BA(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/c/ii)
[^c23410031]: Words in [s. 257BA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/a)
[^c23410051]: Words in [s. 257BA(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/b/i)
[^c23410071]: Words in [s. 257BA(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/b/ii)
[^c23410091]: Words in [s. 257BA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/c/i)
[^c23410111]: Words in [s. 257BA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/c/ii)
[^c23410131]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/a)
[^c23410151]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/i)
[^c23410181]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/ii)
[^c23410201]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/iii)
[^c23410221]: Words in [s. 257BA(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/c)
[^c23410241]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/a)
[^c23410261]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/b)
[^c23410281]: Words in [s. 257BA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/5) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/6)
[^c23410301]: Words in [s. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(7)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/7/a)
[^c23410321]: Words in [s. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(7)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/7/b)
[^c23410341]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(8)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/8)
[^c22219341]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22181241]: [S. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) and words substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/1)
[^c22181331]: [S. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) and words substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/2)
[^c22181351]: [S. 257BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3A) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/3)
[^c22219501]: [S. 257BB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22181391]: [S. 257BB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/6) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/4), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c22732481]: Words in [s. 257BB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5/a) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/4)
[^c22732501]: Words in [s. 257BB(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b/3/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/8)
[^c22732531]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c23410721]: Words in [s. 257BB(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(a)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/a/i)
[^c23410741]: Words in [s. 257BB(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(a)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/a/ii)
[^c23410781]: Words in [s. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/b/i)
[^c23410801]: Words in [s. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/b/ii)
[^c23410841]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/i)
[^c23410861]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/ii)
[^c23410921]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/iii)
[^c23410941]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(iv)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/iv)
[^c23410961]: Words in [s. 257BB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/3)
[^c23410981]: Words in [s. 257BB(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/a)
[^c23411001]: Words in [s. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/b/i)
[^c23411021]: Words in [s. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/b/ii)
[^c23411061]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/i)
[^c23411081]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/ii)
[^c23411101]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/iii)
[^c23411121]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(iv)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/iv)
[^c23411141]: Words in [s. 257BB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/4) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/5)
[^c23411921]: [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(4)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/4) [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(4)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/4) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(5)](https://www.legislation.gov.uk/uksi/2008/673/article/2/5) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(d)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/d)
[^c23416691]: [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(2)](https://www.legislation.gov.uk/uksi/2008/673/article/2/2) [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(a)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/a)
[^c21586021]: Source-1970 s.25; 1971 s.33(5)
[^c22217671]: [S. 276(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/276/1A) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/11)
[^c21586031]: Source-1970 s.26
[^c22219231]: Words in [s. 277(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/1) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22219241]: [S. 277(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/1/c) and preceding word repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22219261]: [S. 277(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/2) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21586041]: Source-1970 s.27(1), (2)
[^c21586051]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586061]: *See* British Nationality Act 1981 ss.37*and* 51(1)*for definition.*
[^c21586091]: *Repealed by* 1988(F) ss.31, 148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586101]: Source-1976 Sch.4 18(3)
[^c21586121]: Source-1970 s.27(3)-(5)
[^c22225611]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/21), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22753081]: Words in [s. 278(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/a) substituted (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/1)
[^c22753091]: [S. 278(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/9) added (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/2)
[^c22753111]: [S. 278(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2A) repealed (with effect in accordance with Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c23411621]: Words in [s. 278(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/e) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [60(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/60/1)
[^c21586081]: 1988(F) s.31*for* 1990-91*and subsequent years.*
[^c21586261]: 1988(F) s.35*and* Sch.3 para.11*for* 1990-91*and subsequent years. Previously* “Construction of references to married women living with their husbands.**282.**—(1) A married woman shall be treated for income tax purposes as living with her husband unless—(a) they are separated under an order of a court of competent jurisdiction, or by deed of separation, or (b) they are in fact separated in such circumstances that the separation is likely to be permanent (*See* 1988(F) s.40(3)—*application of* s.282(1)*to certain maintenance payments.*). (2) Where a married woman is living with her husband and either—(a) one of them is, and the other is not, resident in the United Kingdom for a year of assessment, or (b) both of them are resident in the United Kingdom for a year of assessment, but one of them is, and the other is not, absent from the United Kingdom throughout that year, the same consequences shall follow for income tax purposes as would have followed if, throughout that year of assessment, they had been in fact separated in such circumstances that the separation was likely to be permanent. (3) Where subsection (2) above applies and the net aggregate amount of income tax falling to be borne by the husband and the wife for the year is greater than it would have been but for that subsection, the Board shall cause such relief to be given (by the reduction of such assessments on the husband or the wife or the repayment of such tax paid, by deduction or otherwise, by the husband or the wife, as the Board may direct) as will reduce that net aggregate amount by the amount of the excess.”.
[^c21586271]: *See* 1979(C) s.155(2)—*capital gains*—*references to a married woman living with her husband to be construed in accordance with* s.282.
[^c21586281]: [S. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 288(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c23411641]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/a)
[^c23408311]: Words in [s. 282A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411741]: [S. 282A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4A) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/91/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/91/2)
[^c23411681]: Words in [s. 282A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/2)
[^c23411701]: Words in [s. 282A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/3)
[^c23411721]: Words in [s. 282A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/3/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/4)
[^c23411761]: Words in [s. 282A(4A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4A/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/5)
[^c23411781]: Words in [s. 282A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/6)
[^c23411801]: Words in [s. 282A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(7)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/7)
[^c23411821]: Words in [s. 282B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/2)
[^c23411841]: Words in [s. 282B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/3)
[^c23411861]: Words in [s. 282B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/4)
[^c22753501]: [S. 289](https://www.legislation.gov.uk/ukpga/1988/1/section/289) amended (as it has effect in relation to shares issued before 1st January 1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/68/1/2)
[^c22753121]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753511]: [S. 289(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/ba) inserted (with effect in accordance with [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/2/1)
[^c22753541]: [S. 289(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aa) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/1/b)
[^c22753591]: Word in [s. 289(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/6) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/3)
[^c22753601]: Word in [s. 289(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/7) repealed (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14), Note 4
[^c22753671]: Words in [s. 289(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/7) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/1)
[^c22753821]: Word at the end of s. 289(1)(ba) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753831]: [S. 289(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/c/d) substituted for s. 289(1)(c) (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 6(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/6/a)
[^c22753741]: Word at the end of s. 289(2)(a) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(b)(i)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/b/i)
[^c22753781]: Word preceding s. 289(2)(c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753761]: [S. 289(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(b)(ii)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/b/ii), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753851]: Words in [s. 289(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 6(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/6/b)
[^c22753791]: [S. 289(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/4/5) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/c), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c23404811]: Words in [s. 289(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23405701]: [S. 289(1)(aza)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aza) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/b)
[^c23405721]: Words in [s. 289(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aa) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/c)
[^c23405751]: Words in [s. 289(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/d)
[^c23405781]: [S. 289(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/c) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/e)
[^c23405811]: [S. 289(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1A) substituted for s. 289(1A)-(1D) (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para 1(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/3)
[^c23405831]: Words in [s. 289(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/a)
[^c23405851]: Words in [s. 289(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/i) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/b)
[^c23405871]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/i)
[^c23405891]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/ii)
[^c23405911]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/iii)
[^c23405931]: Words in [s. 289(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/d)
[^c23405951]: Words in [s. 289(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/i)
[^c23406061]: Words in [s. 289(2)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b/i) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/ii)
[^c23406101]: Words in [s. 289(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/iii)
[^c23406121]: Words in [s. 289(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/5)
[^c23406141]: [S. 289(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/6)
[^c23406161]: [S. 289(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/8A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/7)
[^c23406181]: [S. 289(9)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/9) substituted for s. 289(9) (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/8)
[^c21587471]: Source-1983 Sch.5 3; 1987 s.42(3)
[^c21587481]: *See* 1988(F) s.35*and* Sch.3 para.12(3)(b)*for application to husband and wife where amounts are subscribed in* 1990-91.
[^c22217801]: [S. 290(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/290/2) substituted (with effect as mentioned in s. 137(2), [Sch. 15 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/3/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/3/1)
[^c23412161]: Words in [s. 290(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/290/2) substituted (with effect in accordance with [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/6/1)
[^c22754191]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22777181]: Words in [s. 291(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/2) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/2), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22777191]: [S. 291(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/3) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/3)
[^c22777211]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/4)
[^c22777251]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 2(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/2/b)
[^c22777271]: [S. 291(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/1/b) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/10)
[^c22777291]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c21587661]: [S.292](https://www.legislation.gov.uk/ukpga/1988/1/section/292)*omitted by* 1988(F) Sch.4 para.5*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587671]: Source-1983 Sch.5 10A; 1986 Sch.9 12
[^c22211401]: Words in [s. 292(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 6(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/6/a)
[^c22211421]: Words in [s. 292(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/4/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 6(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/6/b)
[^c22211441]: [S. 292(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/5) inserted (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 66(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/2)
[^c21587721]: [S.293(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4)*omitted by* 1988(F) Sch.4 para.6(2)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587741]: *See* Insolvency (Northern Ireland) Order 1989 art.381(2)*and* Sch.9 para.59 (S.I.[1989 No.2405](https://www.legislation.gov.uk/ukcm/1989/2405)—*not reproduced*)*for change from a day to be appointed.*
[^c21587751]: Source-1983 Sch.5(4)-(7)
[^c21587761]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21587771]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21587781]: Subss.(9)-(11)*omitted by* 1988(F) Sch.4 para.6(2)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c22245341]: [S. 293](https://www.legislation.gov.uk/ukpga/1988/1/section/293) applied (with effect in accordance with Sch. 13 para. 4(4) of the 1995 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/3/2/c) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3))
[^c22205231]: [S. 293(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 4(7)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/4/7/a)
[^c22205301]: [S. 293(4)(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4/9) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 7(b)(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/7/b/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205271]: [S. 293(8)(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8/8A) substituted for s. 293(8) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 4(7)(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/4/7/d)
[^c22246131]: [S. 292(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/8B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 66(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/3)
[^c22247311]: [S. 293(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/2/aa) substituted for s. 293(2)(b) (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/4/1)
[^c22247391]: [S. 293(3A)-(3F)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3A) inserted (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/4/2)
[^c22784391]: Words in [s. 293(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3C) subsituted for specified purposes (retrospectively) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 14](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/14)
[^c22247411]: Words in [s. 293(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3/b) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/1)
[^c22247471]: Words in [s. 293(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/a) repealed (with effect as mentioned in Sch. 13 para. 9(6), Sch. 27 Pt. 3(14) Note 1 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/2), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22247431]: [S. 293(6A)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6A) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/3)
[^c22247481]: [S. 293(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/7) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784261]: [S. 293(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8) excluded (with effect as mentioned in s. 74(3) of the 1998 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 8(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/8/7) (as inserted by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/34))
[^c22784271]: [S. 293(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/1)
[^c22784291]: [S. 293(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/b) and preceding word repealed (with effect in accordance with Sch. 17 para. 12 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/10), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 1
[^c22784311]: [S. 293(8)(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8/8AA) substituted for s. 293(8) (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/11)
[^c22784351]: [S. 293(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/1A/1B) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 12(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/12/1)
[^c22784371]: Words in [s. 293(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/2) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 12(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/12/2), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22784411]: Words in [s. 293(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3B/b) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/4), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c23404501]: Words in [s. 293(4B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4B/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 17](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/17) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23406501]: Words in [s. 293(3C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3C/b) substituted (with effect in accordance with [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/2) (with [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/6))
[^c23406521]: Words in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406541]: Word in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/b)
[^c23406561]: Words in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/c)
[^c23406581]: Word in [s. 293(4B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4B/b) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/3)
[^c23406601]: Words in [s. 293(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/5) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/4/a)
[^c23406621]: Words in [s. 293(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/5) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/4/b)
[^c23406641]: Words in [s. 293(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/5/a)
[^c23406661]: Words in [s. 293(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/5/b)
[^c23406681]: [S. 293(6ZA)-(6ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6ZA) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/6)
[^c23413521]: Words in [s. 293(6A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6A/a) substituted (with effect in accordance with [Sch. 14 para. 1(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 1(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/1/1/a)
[^c23413781]: Words in [s. 293(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6A/b) substituted (with effect in accordance with [Sch. 14 para. 1(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/1/1/b)
[^c21587831]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para. 70*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587841]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), (7)
[^c21587851]: 1988(F) s.52*in respect of valuations falling to be made on or after* 29*July* 1988.
[^c22217821]: Words in [s. 294(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/294/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/8)
[^c21587861]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587871]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), 7
[^c21587881]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587891]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), 7
[^c22217841]: [S. 296(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/296/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 9](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/9), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21587901]: [Ss.297-298](https://www.legislation.gov.uk/ukpga/1988/1/section/297)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587911]: Source-1983 Sch.5 6(1)
[^c21587921]: Source-1983 Sch.5 6(2); 1986 Sch.9 8(2)
[^c21587951]: Source-1983 Sch.5 6(4); 1986 Sch.9 8(4); 1981 s.56(3), Sch.11
[^c21587981]: Source-1983 Sch.5 6(2B), (2C); 1984 s.37(2); 1986 Sch.9 8(3)
[^c21587991]: Source-1983 Sch.5 6(3)
[^c21868831]: Words in [s. 297(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/i)
[^c21868871]: Words in [s. 297(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/g) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/ii)
[^c21868811]: [S. 297(2)(h)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/h/j) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/iii), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22557361]: Words in [s. 297(3)(c)(i)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/3/c/i/6) substituted (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/5)
[^c22557561]: Words in [s. 297(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/1) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/10), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22557391]: [S. 297(2)(fa)-(fe)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/fa) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/1)
[^c22557501]: Word in [s. 297(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/g) substituted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/2)
[^c22557481]: [S. 297(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/3A) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/3)
[^c22557751]: [S. 297(4)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/4) substituted for s. 297(4)(5) (with effect as mentioned in [Sch. 17 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/13/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/13/1)
[^c22557791]: [S. 297(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/d) repealed (with effect as mentioned in Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 5(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/5/a), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22557801]: [S. 297(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/9) repealed (with effect as mentioned in Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 5(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/5/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22784421]: Words in [s. 297(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/5B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22784431]: Words in [s. 297(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/5B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23406701]: Words in [s. 297(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/6) substituted (with effect in accordance with [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/3) (with [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/6))
[^c21588011]: [Ss.297-298](https://www.legislation.gov.uk/ukpga/1988/1/section/297)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21588021]: Source-1981 s.56(8)-(10); 1983 Sch.5 5(9), 6(2), (3), 6(5)-(7); 1986 Sch.9 1(2), 8(4)
[^c21588041]: Source-1983 Sch.5 6(2B), (10); 1984 s.37(2); 1985 s.44(5); 1986 Sch.9 4
[^c22205351]: [S. 298(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/4) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/a)
[^c22205391]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "property development" repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/b), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205371]: Words in [s. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/c)
[^c22205401]: [S. 298(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22557981]: Words in [s. 298(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/1) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/11)
[^c22557831]: Words in [s. 298(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/2) (with [s. 70(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/4))
[^c22557921]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "nursing home" inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/1)
[^c22557941]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definitions of "property development" and "residential care home" inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/2)
[^c22557961]: [S. 298(5A)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5A) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/3)
[^c23406721]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 4(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 1 (with Sch. 27 para. 4(6))
[^c21588151]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 150(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/150/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22219061]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/12)
[^c22784451]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) (as it has effect in relation to shares issued before 1st January 1994) amended (with effect as mentioned in [Sch. 13 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/39/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 39(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/39/1/2); and s. 299 (as it applies to shares issued before 1st January 1994) further amended (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the further amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c22267681]: Words in [s. 299(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/1) substituted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/1/a)
[^c22267701]: Words in [s. 299(1)(a)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/1/a/b/ii) substituted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/1/b)
[^c22267741]: Words in [s. 299(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/2/a)
[^c22267761]: Words in [s. 299(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/2/b)
[^c22267791]: Word in [s. 299(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/4) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/3/a)
[^c22267821]: Words in [s. 299(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/4) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/3/b)
[^c22267851]: [S. 299(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/5A) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/4)
[^c22267871]: [S. 299(6)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6) substituted for s. 299(6) (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/5)
[^c22267891]: [S. 299(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/7) repealed (with effect as mentioned in s. 74(3), Sch. 13 para. 12(8), Sch. 27 Pt. 3(14) Note 2 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/6), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22267911]: [S. 299(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/8/a) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/6), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784491]: Words in [s. 299(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6D) (as s.299 applies to shares issued after 31.12.1993) substituted (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c22784511]: Words in [s. 299(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6D) (as s.299 applies to shares issued after 31.12.1993) substituted (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c21588261]: Source-1983 Sch.5 8(2); 1981 s.58(2)-(4); 1986 Sch.9 10(3)
[^c21588271]: Source-1983 Sch.5 8(3); 1983 (No.2) Sch.1 5
[^c22194741]: [S. 300(1)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted for s. 300(1) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/a)
[^c22194761]: Words in [s. 300(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/c) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(b)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/b/i)
[^c22194781]: Words in [s. 300(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/h) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(b)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/b/ii)
[^c22301341]: [S. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/1)
[^c22301361]: [S. 300(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1C) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/2)
[^c22301381]: [S. 300(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/6) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 13(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/3)
[^c22784831]: Words in [s. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/1)
[^c22784851]: Words in [s. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/2)
[^c22784871]: [S. 300(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/3)
[^c22784891]: [S. 300(1BA)-(1BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1BA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/4)
[^c22784911]: Words in [s. 300(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1C) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/5)
[^c22784931]: Words in [s. 300(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/4/a/5) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/6)
[^c23406741]: [S. 300(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/b) substituted (with effect in accordance with [Sch. 18 para. 6(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/6/2/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/6/1)
[^c21588301]: Source-1981 s.58(6)-(9); 1983 Sch.5 8(2); 1986 Sch.9 10(3); 1987 Sch.15 14(2)
[^c22205451]: [S. 301(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/1/2) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/a), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205431]: [S. 301(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/6A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/b)
[^c22205471]: [S. 301(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/7) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/c), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301401]: [S. 301(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/4A) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 14(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/1)
[^c22301421]: Words in [s. 301(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/5) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 14(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/2)
[^c22784961]: Words in [s. 301(4A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/4A/5) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/17)
[^c21588321]: Source-1983 Sch.5 9; 1983 (No.2) Sch.1 6
[^c21588361]: *See* 1988(F) s.50*and* Sch.4 para.9(3)*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c21588371]: *Definition of* “trade” *omitted by* 1988(F) Sch.4 para.9(4)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c22194701]: [S. 302(01)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/01) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/a)
[^c21588341]: *See* 1988(F) s.50*and* Sch.4 para.9(1), (2)*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c22194621]: Words in [s. 302(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/3) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/b)
[^c22194641]: [S. 302(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/4A/4B) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/c)
[^c22194661]: [S. 302(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/5): definition of "subsidiary" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(d)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/d/i)
[^c22194681]: Words in [s. 302(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/5) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(d)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/d/ii)
[^c21588411]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21588421]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032)
[^c21871481]: [S. 303(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/6A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/c)
[^c21871521]: [S. 303(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/8) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21871501]: [S. 303(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A/9B) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/e)
[^c21871531]: [S. 303(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/10/11) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(f)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/f), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301441]: [S. 303(1)(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1/1A)(2) substituted for s. 303(1)-(2) (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/15/1)
[^c22301481]: [S. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) substituted) (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/15/3)
[^c22785491]: [S. 303(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1AA) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/2/a)
[^c22785521]: [S. 303(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B/c) and preceding word inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/2/b)
[^c22301541]: Words in [s. 303(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/2) substituted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/5/3)
[^c22301561]: [S. 300(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2A) inserted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 64](https://www.legislation.gov.uk/ukpga/2000/17/section/64), [Sch. 17 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/5/4)
[^c22785541]: Words in [s. 303(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/1)
[^c22785561]: Words in [s. 303(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1AA) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/2)
[^c22785581]: Words in [s. 303(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B/c) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/3/a)
[^c22785601]: Words in [s. 303(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/3/b)
[^c22785621]: Word in [s. 303(1C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1C/a) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/4)
[^c22785641]: [S. 303(2A)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/2A/b/c) substituted for s. 303(2A)(b) (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/5)
[^c22785681]: [S. 303(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/3) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/6), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c22785661]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(7)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/7)
[^c22785751]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c23406761]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) substituted (with effect in accordance with [Sch. 18 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/7/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/7/1)
[^c22218981]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/18)
[^c22785821]: [S. 304(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/304/4) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/16/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/16/1); and see also the s. 304(7) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/40/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [40(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/40/1)
[^c23411941]: Words in [s. 304(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/304/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/b); and that same substitution of words is made in s. 304(5) (as s. 304 applies to shares issued on or before 31.12.1993) (5.12.2005) by reg. 65(a) of that amending S.I.
[^c22219001]: [S. 305](https://www.legislation.gov.uk/ukpga/1988/1/section/305) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 19](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/19)
[^c22785841]: [S. 305(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/305/5/6) inserted (with effect in accordance with ss. 66(1), 68(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 66(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/4), [68(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/68/3)
[^c21588581]: Source-1983 Sch.5 13(1)-(9); 1981 s.61(6)
[^c21588601]: *See* 1988(F) s.50*and* Sch.4 para.10*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c21588621]: 1989 s.170(3)*in relation to things done or omitted on or after* 27*July* 1989.*Previously* “£250 or, in the case of fraud, £500.”.
[^c21588631]: Source-1983 Sch.5 13(10); 1986 Sch.9 1(2), 13
[^c22786741]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22219511]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21871621]: [S. 306(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/b)
[^c21871641]: Words in [s. 306(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/8) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/c)
[^c21871691]: Words in [s. 306(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/10) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21871671]: [S. 306(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/11) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/e)
[^c22786751]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) substituted (with effect in as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/7)
[^c22300841]: Words in [s. 306(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/2) substituted (with effect in as mentioned in [s. 134(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/22)
[^c22300951]: [S. 306](https://www.legislation.gov.uk/ukpga/1988/1/section/306) applied (with effect as mentioned in s. 74(3) of the 1998 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 6](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/6) (as substituted by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 33](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/33))
[^c22300861]: Words in [s. 306(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/1)
[^c22300881]: Words in [s. 306(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/2) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/2)
[^c22300901]: [S. 306(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/3)
[^c22300941]: Words in [s. 306(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3A) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22300921]: [S. 306(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/4/5) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/5)
[^c22786761]: [S. 306(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/a) substituted (with effect in accordance with [Sch. 15 para. 22(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/22/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 22(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/22/1)
[^c23404061]: Words in [s. 306(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/7) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 37](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/37) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21588711]: Source-1983 Sch.5 14(1), (1A); 1987 s.42(5)
[^c21588731]: 1989 s.149(4)(b)*but does not affect the making of assessments for years before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “fraud and wilful default) and section 37 of that Act (neglect.”.
[^c21588741]: Source-1981 s.62(6)(d); 1983 Sch.5 14(2)
[^c21588751]: Source-1981 s.62(6)(a)-(c); 1983 Sch.5 14(2); 1983 Sch.1 8; 1986 Sch.9 14
[^c21588761]: [S. 307(6)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/ca) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/3/4)
[^c21588771]: Source-1981 s.62(7)
[^c21588781]: Source-1983 Sch.5 5A(10); 1986 Sch.9 7
[^c22181841]: Words in [s. 307(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/a), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22181741]: [S. 307(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A/1B/2) substituted for s. 307(2) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/b)
[^c22181761]: Words in [s. 307(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/i)
[^c22181781]: [S. 307(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/aa) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/ii)
[^c22181801]: [S. 307(6)(cca)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/cca) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/iii)
[^c22181821]: [S. 307(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/8A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/d)
[^c22184531]: [S. 307(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/9) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22300961]: Words in [s. 307(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6) substituted (with effect as mentioned in [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/5)
[^c22301001]: Words in [s. 307(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/1/b)
[^c22301021]: [S. 307(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1C) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/2)
[^c22301101]: Words in [s. 307(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/4) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/3)
[^c22786781]: Words in [s. 307(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a) inserted (with effect as mentioned in [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/2)
[^c22301121]: Words in [s. 307(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/b) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/4)
[^c22301181]: Words in [s. 307(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A) substituted (with effect as mentioned in [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 7(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/7/a)
[^c22301201]: Words in [s. 307(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/aa) substituted (with effect as mentioned in [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 7(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/7/b)
[^c23404081]: Words in [s. 307(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a/i) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 38](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/38) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408371]: Words in [s. 307(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21588791]: Source-1983 Sch.5 17(1)-(10); 1986 Sch.9 18; 1987 Sch.15 15(2)
[^c22219021]: [S. 308(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 23(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/23/a)
[^c22219041]: [S. 308(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 23(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/23/b), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301221]: [S. 308(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/1/b) and preceding word repealed (with effect as mentioned in Sch. 8 para. 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 6(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/6/a), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6), Note
[^c23406881]: Words in [s. 308(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/1) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406901]: [S. 308(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407041]: [S. 308(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/ca) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/ii)
[^c23407061]: Words in [s. 308(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/e) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/iii)
[^c23407081]: Words in [s. 308(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/c)
[^c23406941]: Words in [s. 308(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/d/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407101]: Words in [s. 308(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/d/ii)
[^c23406981]: [S. 308(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/b) and preceding word repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/e), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407121]: [S. 308(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(f)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/f)
[^c23407141]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/i)
[^c23406991]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(ii)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/ii/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407161]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/iv)
[^c23407181]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/v)
[^c23407021]: [S. 308(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(h)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/h), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407201]: [S. 308(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5B) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/i)
[^c21588931]: Source-1983 Sch.5 15(1), (2)
[^c21588951]: Source-1983 Sch.5 15A(1); 1986 Sch.9 15
[^c21588961]: Source-1983 Sch.5 15(3), 15A(2); 1986 Sch.9 15
[^c21588971]: Source-1983 Sch.5 15(4), (5), 18(4); 1986 Sch.9 19(2)
[^c21588981]: Source-1981 s.63(7)-(9); 1983 Sch.5 15(6)
[^c22787451]: [S. 310(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/10/11) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 25(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/25/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22787461]: Words in [s. 310(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/1) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/1)
[^c22787481]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/2/a)
[^c22787541]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) repealed (with effect in accordance with s. 74(3), Sch. 13 para. 22(5), Sch. 27 Pt. 14 Note 1 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/2/b), [Sch. 27 Pt. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/14)
[^c22787561]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/3)
[^c22787581]: [S. 310(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6) substituted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/4)
[^c22787501]: Words in [s. 310(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/7) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/3)
[^c22787521]: [S. 310(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/9A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/4)
[^c22787601]: Words in [s. 310(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/1) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/1)
[^c22787701]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 8](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/8)
[^c22787621]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/2)
[^c22787641]: [S. 310(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2A) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/3)
[^c22787661]: Word in [s. 310(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/4) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/4)
[^c22787681]: [S. 310(4)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/4/b/c) and words substituted for words in s. 310(4) (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/4)
[^c23488331]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 25(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/25/c)
[^c23407251]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/i)
[^c23407271]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/ii)
[^c23407291]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/iii)
[^c23407311]: Words in [s. 310(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/a) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/i)
[^c23407331]: [S. 310(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/aa) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/ii)
[^c23407371]: Words in [s. 310(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/c) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/iii)
[^c23407351]: [S. 310(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6A) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/c)
[^c21589011]: Source-1983 Sch.5 19(1)
[^c21589021]: Source-1983 Sch.5 19A; 1986 Sch.9 20
[^c21589031]: 1988(F) s.53*in respect of funds closing after* 15*March* 1988.
[^c22219271]: Words in [s. 311(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/2) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 26(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/26/a)
[^c22219291]: Words in [s. 311(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/2B) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 26(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/26/b)
[^c22787781]: Words in [s. 311(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/4) substituted (with effect in accordance with [s. 134(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/23)
[^c21589141]: Source-1981 s.67; 1983 Sch.5 20(1), (2); 1985 s.44(6); 1986 Sch.9 21(1), (2)
[^c21589151]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21589201]: Source-1981 s.67(2)-(4); 1983 Sch.5 20(1)
[^c21589211]: Words in [s. 312(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/3/5/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(18)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/18) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22184741]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/i)
[^c22184791]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "eligible for relief" and "eligible shares" inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/ii)
[^c22194591]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "fixed-rate preference share capital" and "the relevant period" repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(iii)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/iii/iv), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22194441]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "relief", "subsidiary" and "51 per cent. subsidiary" substituted for "the relief" and "relief" (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(v)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/v)
[^c22194461]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "unquoted company" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(vi)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/vi)
[^c22194481]: [S. 312(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/b)
[^c22194521]: [S. 312(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/4/5) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/d)
[^c22299681]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "new consideration" repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/1/a), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22299571]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "relief", "research and development" and "the seven year period" substituted for definitions of "research and development" and "relief" (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/1/b)
[^c22299701]: Words in [s. 312(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1B/c) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/3), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22299591]: Words in [s. 312(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/4)
[^c22299631]: [S. 312(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/4A/4B) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/5)
[^c22300451]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "arrangements" inserted (with effect as mentioned in [Sch. 17 para. 14(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 14(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/1/a)
[^c22300471]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" inserted (with effect as mentioned in [Sch. 17 para. 14(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 14(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/1/b)
[^c22299711]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the designated period" inserted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/2)
[^c22788461]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "research and development" substituted (with effect as mentioned in [Sch. 17 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/15/1) (with [Sch. 15 para. 15(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/15/3))
[^c22300531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the seven year period" repealed (with effect as mentioned in Sch. 17 para. 8 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 4
[^c22299731]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "termination date" substituted for word (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/3)
[^c22299751]: [S. 312(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1A) substituted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/4)
[^c22300431]: [S. 312(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A) inserted (with effect as mentioned in [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/4)
[^c22300511]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22300521]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c22788551]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22788531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the period of restriction" inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/24)
[^c22788491]: Words in [s. 312(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1E) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 13(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/13/a)
[^c22788511]: Words in [s. 312(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1E) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 13(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/13/b)
[^c22788671]: [S. 312(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/7/8) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22788681]: Words in [s. 312(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/3) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/3)
[^c23404521]: [S. 312(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 18](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/18) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23407391]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "bonus shares" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/a)
[^c23407411]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/b)
[^c23407451]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "qualifying 90% subsidiary" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/c)
[^c23407471]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (a) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/i)
[^c23407491]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (a) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/ii)
[^c23407511]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (b) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/iii)
[^c23407531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/iv)
[^c23407551]: [S. 312(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1ZA) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/3)
[^c23407571]: [S. 312(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 11(10)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/11/10) (as inserted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(4)(f)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/4/f))
[^c22219111]: Words in [s. 299A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/299A/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 13(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/13/a)
[^c22219131]: [S. 299A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299A/3) Inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 13(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/13/b)
[^c22754231]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) applied (with effect in accordance with Sch. 13 para. 4(4) of the 1995 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 6(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/6/4) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3))
[^c22753891]: [S. 289A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A) inserted (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/3)
[^c22753911]: Word after s. 289A(7)(a) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 3(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/3/a)
[^c22753951]: Word preceding s. 289A(7)(c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753931]: [S. 289A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 3(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/3/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753961]: [S. 289A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/9) repealed (with effect in accordance with Sch. 15 para. 9(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 9(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/9/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 1
[^c23398011]: [S. 289A(5)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/5/ca) inserted (with effect in accordance with [s. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/4/b) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/2); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23404481]: Words in [s. 289A(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 16](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/16) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23406201]: Words in [s. 289A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/6) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/2)
[^c23406221]: Words in [s. 289A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/a/i)
[^c23406241]: Words in [s. 289A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/a/ii)
[^c23406261]: Words in [s. 289A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/b/i)
[^c23406281]: Words in [s. 289A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/b/ii)
[^c23406301]: [S. 289A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/a)
[^c23406321]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406341]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/ii)
[^c23406361]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/iii)
[^c23406381]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/iv)
[^c23406401]: Words in [s. 289A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/c)
[^c23406421]: Words in [s. 289A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/5/a)
[^c23406441]: Word in [s. 289A(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A/b) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/5/b)
[^c23412181]: Words in [s. 289A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/4) substituted (with effect in accordance with [Sch. 14 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/5/1)
[^c22753971]: Words in [s. 289B(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/3/b) substituted (with effect in accordance with [Sch. 13 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/1)
[^c22753991]: [S. 289B(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/3A) inserted (with effect in accordance with [Sch. 13 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/2)
[^c22754011]: [S. 289B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/4) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/3)
[^c22754031]: Words in [s. 289B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/5) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/4)
[^c23488201]: Words in [s. 289B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/4) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/3)
[^c22784061]: [S. 291A(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/b/ii) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/7/2/a)
[^c22784081]: Words in [s. 291A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/7/2/b), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784161]: Word in [s. 291A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/c) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/3/3/a)
[^c22784121]: [S. 291A(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/c/ii) and preceding word inserted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/3/3/b)
[^c22784201]: Words in [s. 291A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/1/a) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/11)
[^c23408331]: Words in [s. 291A(3)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/3/f/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 126(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/126/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408351]: Words in [s. 291A(3)(f)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/3/f/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 126(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/126/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784221]: [S. 291B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/291B/5A) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 8(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/8/1)
[^c22784241]: [S. 291B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291B/6) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/8/2)
[^c22785861]: Words in [s. 305A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/305A/2) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/18/1)
[^c22784821]: [S. 299B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/299B/7) repealed (with effect in accordance with Sch. 17 para. 14(2)(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 3
[^c22785761]: [S. 303A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/2) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/a)
[^c22785801]: [S. 303A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/8) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c22785781]: Words in [s. 303A(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/9/a) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/c)
[^c23406781]: [S. 303A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/6/a) repealed (with effect in accordance with Sch. 18 para. 8(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 8(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/8/1), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 1
[^c21589401]: Source-1970 s.372
[^c21589411]: [1964 c. 81](https://www.legislation.gov.uk/ukpga/1964/81).
[^c21589421]: *The countries mentioned in the* British Nationality Act 1981 Sch.3 (*as amended*)*are*—*Countries whose citizens are Commonwealth citizens*Antigua and Barbuda, Australia, The Bahamas, Bangladesh, Barbados, Belize, Botswana, Brunei, Canada, Republic of Cyprus, Dominica, Fiji, The Gambia, Ghana, Grenada, Guyana, India, Jamaica, Kenya, Kiribati, Lesotho, Malawi, Malaysia, Maldives, Malta, Mauritius, Nauru, New Zealand, Nigeria, Papua New Guinea, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Seychelles, Sierra Leone, Singapore, Solomon Islands, Sri Lanka, Swaziland, Tanzania, Tonga, Trinidad and Tobago, Tuvalu, Uganda, Vanuatu, Western Samoa, Zambia, Zimbabwe.
[^c21589431]: [1981 c. 81](https://www.legislation.gov.uk/ukpga/1981/81).
[^c21589491]: Source-1970 s.367
[^c21589511]: [1952 c. 67](https://www.legislation.gov.uk/ukpga/1952/67).
[^c21589531]: *For orders see* Part III Vol.5*under* “Securities”.
[^c23398281]: [S. 323(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404161]: Words in [s. 323(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404181]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404201]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404221]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404241]: Words in [s. 323(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398161]: [S. 323(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/6/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/6), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398171]: [S. 323(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/7) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(7)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/7), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408071]: Words in [s. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 140](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/140), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22790971]: [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58).
[^c23407711]: [S. 333B(1)(5)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/5) modified (6.4.2005) by [Child Trust Funds Act 2004 (c. 6)](https://www.legislation.gov.uk/ukpga/2004/6), [ss. 14](https://www.legislation.gov.uk/ukpga/2004/6/section/14), [27](https://www.legislation.gov.uk/ukpga/2004/6/section/27); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2](https://www.legislation.gov.uk/uksi/2004/3369/article/2)
[^c22791261]: Words in [s. 333B(1)(2)(b)(3)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/2/b/3/9) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/a)
[^c22791241]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "insurance company" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 22](https://www.legislation.gov.uk/uksi/2001/3629/article/22)
[^c23408441]: Words in [s. 333B(1)(2)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/2/b/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408481]: Words in [s. 333B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408501]: Words in [s. 333B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408521]: Words in [s. 333B(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/5/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408551]: Words in [s. 333B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408571]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "plan business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408111]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "section 333 business" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21590051]: Source-1970 s.50
[^c21590081]: Source-1970 s.51
[^c21590091]: *See* 1979(C) s.18(3)—*corresponding provision for capital gains.*
[^c21590101]: [S. 336(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/3) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 208(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/208/1/4)
[^c23404331]: Words in [s. 336(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/48/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404351]: [S. 336(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 48(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/48/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407591]: Words in [s. 336(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/17/paragraph/10/2)
[^c23408591]: [S. 336(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 144](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/144) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23412101]: Words in [s. 336(1A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/i) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 13(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/13/a) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412121]: [S. 336(1A)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/ia) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 13(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/13/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412141]: [S. 336(1A)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/iii) and preceding word repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 13(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/13/c), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23414121]: Words in [s. 336(1A)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/ia) omitted (11.8.2006) by virtue of [The Taxation of Pension Schemes (Consequential Amendments) (No. 2) Order 2006 (S.I. 2006/1963)](https://www.legislation.gov.uk/uksi/2006/1963), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1963/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2006/1963/article/4/2)
[^c23414141]: Words in [s. 336(1A)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/ia) inserted (11.8.2006) by [The Taxation of Pension Schemes (Consequential Amendments) (No. 2) Order 2006 (S.I. 2006/1963)](https://www.legislation.gov.uk/uksi/2006/1963), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1963/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2006/1963/article/4/2)
[^c21590871]: Source-1986 s.29(1), (2)
[^c21590921]: 1990 s.26(4)*in relation to payments made on or after* 1*October* 1990.
[^c21590941]: *Repealed by* 1990 ss.27(2)*and* 132*and* Sch.19 Part IV*in relation to accounting periods ending on or after* 1*October* 1990.
[^c21590971]: 1990 s.26(5)*in relation to payments made on or after* 1*October* 1990.
[^c21590991]: *See* 1990 s.94*re production of books etc. in respect of repayment claims in respect of payments made on or after* 1*October* 1990.
[^c21591001]: Source-1981 s.49; 1983 s.46(3); 1986 s.29(6)
[^c21591011]: 1989 s.60(2)*in respect of payments due on or after* 14*March* 1989.*Previously* “the Trustees of the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission for England and, additionally, in subsections (1) to (5) above includes the Trustees of the British Museum, the Trustees of the British Museum (Natural History) and”.
[^c22736831]: [S. 337(7AA)-(7AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/7AA) inserted (with effect in accordance with [s. 64(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/1)
[^c22737041]: [S. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/2)
[^c22737061]: [S. 339(2)(3)(3A)(3F)(6)(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/2/3/3A/3F/6/7/8) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/3), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c22737161]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/4)
[^c22737181]: [S. 339(3DA)-(3DD)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA) inserted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/5)
[^c22737221]: [S. 339(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/4) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/6)
[^c22737201]: [S. 339(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/7AA) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/7)
[^c22737141]: Words in [s. 339(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/9) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/8), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c23426651]: Words in [s. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/2)
[^c23426671]: [S. 339(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1A/1B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/3)
[^c23426691]: Words in [s. 339(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/2)
[^c23426711]: Words in [s. 339(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3E) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/3)
[^c21591081]: Source-1970 s.245(1)
[^c21591091]: Source-1970 s.245(2), (3); 1974 s.37(1)
[^c21591101]: Source-1970 s.245(4)-(6)
[^c21591111]: Source-1970 s.245(7)-(9); 1974 s.37(1)
[^c22736651]: Words in [s. 342(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/5) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736671]: Words in [s. 342(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/6) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736901]: Words in [s. 342(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/2) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736921]: [S. 342(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/3A) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736691]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para 12(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/12/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22736071]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 20(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/8)
[^c21591341]: Source-1970 s.252(1)
[^c21591351]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (16.7.1992) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 152B(10)(e)](https://www.legislation.gov.uk/ukpga/1990/1/section/152B/10/e) (as inserted (16.7.1992) by [Finance Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 67](https://www.legislation.gov.uk/ukpga/1992/48/section/67)).
[^c21591361]: Source-1970 s.252(2), (2A); 1971 Sch.8 16(5); 1986 s.56(7), Sch.13 2; 1987 (No.2) s.64(2)
[^c22736091]: [S. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 15(1)(a)(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/a/7)
[^c21591371]: Source-1970 s.252(3)-(7)
[^c21591381]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591391]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 15 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591401]: Word in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) and omitted (27.7.1993) by virtue of s. 120, Sch. 14 para. 8(2)
[^c21591411]: Source-1970 s.252(3A); 1986 s.42(2), (3), Sch.10 1(2)
[^c21591421]: Source-1970 s.252(4)-(7)
[^c21591431]: [S. 343(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/6) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3)(-(5), 123, Sch. 15 para. 7(2), Sch. 19 Pt. V, Note 4
[^c21591441]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591451]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591461]: Source-1970 s.252(8); 1986 Sch.10 1(3)
[^c21591471]: Source-1970 s.252(9), (10)
[^c21591481]: Source-1986 s.42(2), (3)
[^c22737461]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 3 paras. 4(8)(a)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/4/8/a), [5](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/5); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c22736871]: [S. 343(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/4A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58) s. 39(7)
[^c23426441]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with modifications) (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 16](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16), [17](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/17) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426461]: [S. 343(3)(4A)(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3/4A/7)(11) applied (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 2(1)(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/2/1/3) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22737271]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (with effect in accordance with s. 579 of the excluding Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 561(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/561/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22755311]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 26](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/26) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21591491]: Source-1970 s.253; 1986 s.42, Sch.10 2
[^c23426631]: Words in [s. 344(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/344/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [66](https://www.legislation.gov.uk/uksi/2005/3229/regulation/66)
[^c23426561]: Words in [s. 337(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/1) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426571]: Words in [s. 337(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/2) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426481]: [S. 338](https://www.legislation.gov.uk/ukpga/1988/1/section/338) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2004/20/schedule/4/paragraph/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426581]: [S. 338A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/2/a) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/2), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23488671]: [S. 338A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/4) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22743431]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with modifications) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1/2)
[^c22749791]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with effect in accordance with s. 36(8) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/7)
[^c22744811]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), 149
[^c22744421]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with effect and application in accordance with s. 74 of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/4/1)
[^c22749931]: [S. 347A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/2/b) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/2), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c22749961]: [S. 347A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/7/8) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/2), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c23510621]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23427811]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427831]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427851]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427871]: [S. 347A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427891]: [S. 347A(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/4/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427921]: Words in [s. 347A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21591791]: Words in [s. 347B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/a) substituted (16.7.1992 with effect for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 61](https://www.legislation.gov.uk/ukpga/1992/48/section/61).
[^c21591801]: Words in [s. 347B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/a) substituted (1.4.1991) by [Contracts (Applicable Law) Act 1990 (c. 36, SIF 30)](https://www.legislation.gov.uk/ukpga/1990/36), [s. 5](https://www.legislation.gov.uk/ukpga/1990/36/section/5), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1990/36/schedule/4/paragraph/6); [S.I. 1991/707](https://www.legislation.gov.uk/uksi/1991/707), [art. 2](https://www.legislation.gov.uk/uksi/1991/707/article/2)
[^c21591821]: 1988(F) s.35*and* Sch.3 para.13*for* 1990-91*and subsequent years. Previously* “of the difference between the higher (married person's) relief and the lower (single person's) relief under subsection (1) of section 257 as it applies for the year to a person not falling within subsection (2) or (3) of that section”.
[^c21591831]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21591841]: [S. 347B(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/8) inserted (6.4.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 62(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/62/1); [S.I. 1992/2642](https://www.legislation.gov.uk/uksi/1992/2642), [art.2](https://www.legislation.gov.uk/uksi/1992/2642/article/2).
[^c22747721]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) repealed (with effect in accordance with s. 79(1), Sch. 26 Pt. 5(1) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3/a), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1)
[^c22747741]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) substituted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3/b)
[^c22747761]: Words in [s. 347B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/3) substituted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/4)
[^c22747801]: [S. 347B(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A/5B) inserted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/6)
[^c22746201]: [S. 347B(12)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/b) substituted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2), [Sch. 2 para. 15(2)](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/15/2); SI 1996/2208, art. 2(b)
[^c22746231]: [S. 347B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/13) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2), [Sch. 2 para. 15(3)](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/15/3); SI 1996/2208, art. 2(b)
[^c22747861]: Words in [s. 347B(5A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A/a) substituted (with effect in accordance with s. 27(1 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/1/b)
[^c22747841]: Words in [s. 347B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A) repealed (with effect in accordance with Sch. 27 Pt. 3(1) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/1)
[^c22749621]: [S. 347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) modified (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3)
[^c22749501]: Words in [s. 347B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1) inserted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/1)
[^c22749521]: [S. 347B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1A) inserted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/2)
[^c22749541]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/3)
[^c22749561]: Words in [s. 347B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/3) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/36/section/36/8) of the amending Act) by [Finance Act 1999 (c. 36)](https://www.legislation.gov.uk/ukpga/1999/36), [s. 36(4)](https://www.legislation.gov.uk/ukpga/1999/36/section/36/4)
[^c22749681]: [S. 347B(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/4/5) repealed (with effect in accordance with Sch. 20 Pt. 3(6) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/6)
[^c22749581]: Words in [s. 347B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/5)
[^c22749601]: Words in [s. 347B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/8) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/6)
[^c23427461]: Words in [s. 347B(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/11) repealed (N.I.) (3.3.2003 for specified purposes) by [Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4)](https://www.legislation.gov.uk/nia/2000/4), [ss. 67](https://www.legislation.gov.uk/nia/2000/4/section/67), [68(1)(2)](https://www.legislation.gov.uk/nia/2000/4/section/68/1/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/nia/2000/4/schedule/9/part/1); [S.R. 2003/53](https://www.legislation.gov.uk/nisr/2003/53), [art. 3](https://www.legislation.gov.uk/nisr/2003/53/article/3), [Sch.](https://www.legislation.gov.uk/nisr/2003/53/schedule)
[^c23501461]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23436671]: [S. 347B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/b) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/2/a)
[^c23436691]: [S. 347B(1)(c)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/c/i/ii) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/2/b)
[^c23436711]: [S. 347B(1A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1A/a/b) substituted for words in s. 347B(1A) (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/3)
[^c23436761]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "child" inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/b)
[^c23436731]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "child of the family" omitted (with effect in accordance with reg. 1(5) of the repealing S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/a)
[^c23436811]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "relevant child" inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/c)
[^c23436831]: Words in [s. 347B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9/a) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/a)
[^c23436851]: Words in [s. 347B(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9/b) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/b)
[^c23436871]: Words in [s. 347B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/c)
[^c23436901]: Words in [s. 347B(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/a) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/a)
[^c23436561]: Words in [s. 347B(12)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/b/i/ii) substituted (5.12.2005 with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/b)
[^c23436961]: Words in [s. 347B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/c)
[^c21591851]: Source-1970 s.52; 1971 Sch.6 20(c); 1973 s.17(1)
[^c21591861]: *See also*1970(M) s.90—*interest on unpaid tax.*1970(M) s.106—*avoidance of agreements for payment without deduction of tax.*1989 s.94*and* Sch.11 para.18—*deep gain securities.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1970 No.448](https://www.legislation.gov.uk/ukcm/1970/448) (in Part III Vol.5) regns. 2-11—*procedure for payment without deduction of tax of income exempt under double taxation arrangements.*
[^c21591871]: Source-1970 s.65(2)
[^c21591881]: *Words repealed by* 1988(F) Sch.14 Part IV—*in respect of payments made on or after* 6*April* 1989.
[^c22740091]: [S. 348(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/2/b) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22741511]: Words in [s. 348(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/3) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741531]: Words in [s. 348(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/3) inserted (with effect in accordance with [s. 41(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/3)
[^c22741551]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c23427501]: Words in [s. 348(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 50(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/50/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427521]: [S. 348(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 50(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/50/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427941]: [S. 348(1A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 147(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/147/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427961]: [S. 348(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 147(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/147/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436971]: Words in [s. 348(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/14) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22737841]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 174](https://www.legislation.gov.uk/ukpga/1994/9/section/174)
[^c21592281]: *See* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (in Part III Vol.5) regn. 2(2)—*application of* s.349(1)*for the purposes of* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (*Building Society Regulations*).
[^c21592291]: Source-1970 s.53(1); 1973 s.17(1); 1971 Sch.6 21
[^c21592301]: *See* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (in Part III Vol.5) regn. 2(2)—*application of* s.349(1)*for the purposes of* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (*Building Society Regulations*).
[^c21592311]: Source-1970 s.54(1), (2); 1971 Sch.6 22; 1982 s.26(1); 1984 ss.27(2), 35(1); 1970 s.65(2)
[^c21592321]: Words in [s. 349(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/2/a) inserted (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/2)
[^c21592331]: *See*—1970(M) s.106—*avoidance of agreements for payment without deduction of tax, etc.*1989 s.94*and* Sch.11 para.18—*deep gain securities.*1989 s.116—*certain interest on Eurobonds to Netherlands Antilles subsidiaries made on or after* 1*April* 1989.
[^c21592341]: *Words* “or 479(1)” *repealed by* 1990 s.132*and* Sch.19 Part.IV.
[^c21592351]: [S. 349(3)(e)-(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) and the word "or" inserted (26.7.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(2)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/2/4) (for payments made on or after 6th April 1991).
[^c21592361]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) (which was inserted 26.7.1990 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(2)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/2/4)) repealed (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/3), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c21592371]: Word in [s. 349(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3), at the end of para. (g), inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.59](https://www.legislation.gov.uk/ukpga/1993/34/section/59)
[^c21592381]: [S. 349(3)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/h) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 59](https://www.legislation.gov.uk/ukpga/1993/34/section/59)
[^c21592391]: *Words repealed by* 1988(F) s.148*and* Sch.14 Part IV*for payments made on or after* 6*April* 1989.
[^c21592401]: [S. 349(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/3B) inserted (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/4).
[^c21592411]: Words in [s. 349(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/a) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21592421]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4) inserted (26.7.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/3/4) (for payments made on or after 6th April 1991).
[^c21592431]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definitions of "qualifying certificate of deposit" and "security" substituted for words in s. 349(4) (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/5)
[^c21592451]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "qualifying deposit right" inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22739561]: Words in [s. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 18](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/18) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22739691]: [S. 349(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/a) applied (with modifications) (29.4.1996) by [The European Investment Bank (Designated International Organisation) Order 1996 (S.I. 1996/1179)](https://www.legislation.gov.uk/uksi/1996/1179), [art. 4](https://www.legislation.gov.uk/uksi/1996/1179/article/4)
[^c22739581]: Words in [s. 349(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/a) substituted (with application in accordance with [Sch. 37 para. 8(1)-(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/3/a)
[^c22739651]: [S. 349(3)(b)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/b/3AA) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 8(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/8)
[^c22739601]: Words in [s. 349(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/b) substituted (with application in accordance with [Sch. 37 para. 8(7)(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/7/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/3/b)
[^c22739751]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/5/2)
[^c22739621]: [S. 349(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3AA) inserted (with application in accordance with [Sch. 37 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/b)
[^c22739631]: [S. 349(3AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3AB) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/4)
[^c22739671]: Word in [s. 349(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/b) substituted (with effect in accordance with [Sch. 38 para. 6(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(e)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/e)
[^c22740121]: [S. 349(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22740131]: [S. 349(3)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/ba) inserted (with application in accordance with [s. 78(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/78/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/78/1)
[^c22741561]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741601]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) inserted (with effect in accordance with [s. 41(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/4)
[^c22741711]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22741621]: Words in [ss. 349(3)(c)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/c/3B) substituted (with effect in accordance with [s. 111(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/b) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2/a)
[^c22741581]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741671]: [S. 349(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3C) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/2)
[^c22741651]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "quoted Eurobond" inserted (with effect in accordance with [s. 111(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/b) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2/b)
[^c22741691]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "UK public revenue dividend" inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/3)
[^c22742251]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/51) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22742211]: [S. 349(3)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/i) and preceding word inserted (with application in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 95(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/2)
[^c22742231]: [S. 349(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/5/6) inserted (with application in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23) s. 95(3)
[^c23427541]: Words in [s. 349(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427561]: [S. 349(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427581]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) renumbered as s. 349(1B) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by virtue of [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427601]: Words in [s. 349(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1B) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427751]: [S. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) modified by [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 5(1A)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1A) (as inserted (1.11.2003) by [The Income Tax (Manufactured Overseas Dividends) (Amendment) Regulations 2003 (S.I. 2003/2582)](https://www.legislation.gov.uk/uksi/2003/2582), [reg. 6(3)](https://www.legislation.gov.uk/uksi/2003/2582/regulation/6/3))
[^c23427641]: [S. 349(3)(j)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/j/k) and preceding word inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/2)
[^c23427691]: [S. 349(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/6): definition of "central counterparty clearing service" inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/3)
[^c23427711]: [S. 349(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/6): definitions of "recognised clearing house" and "recognised investment exchange" inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/3)
[^c23427791]: [S. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) excluded (retrospective to 22.10.2004) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 65(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/65/3), [66(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/66/6)
[^c23428221]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 3](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/3)
[^c23428021]: [S. 349(1A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428031]: Words in [s. 349(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428051]: [S. 349(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/za) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428071]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428111]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definitions of "qualifying certificate of deposit" and "qualifying deposit right" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(b)(i)(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/b/i/c/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428141]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428161]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying deposit right" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428181]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying deposit right" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428091]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "uncertificated eligible debt security units" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428201]: [S. 349(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436991]: Words in [s. 349(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/15) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21592661]: *See* 1970(M) s.98—*penalties for non-compliance.*
[^c21592671]: [S. 350(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg. 13(2)(d)](https://www.legislation.gov.uk/uksi/1992/569/regulation/13/2/d).
[^c21592681]: Source-1970 ss.53(2), 54(3); 1971 Sch.6 21
[^c21592691]: Source-1970 s.56
[^c21592701]: *See* 1970(M) Parts IV-VI—*principal provisions as to assessment, appeals and collection.*
[^c21592711]: Source-1970 s.53(3), 54(3)
[^c21592721]: *See* 1988(F) s.130(7)(b)—*payment of outstanding tax by migrating companies.*
[^c21592731]: [S. 350(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/4) amended by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1/2)
[^c21592741]: [S. 350(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/4) extended by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/3)
[^c21592751]: Source-1970 s.53(4), 54(3); 1972 s.104, 108(1), Sch.24 16
[^c21592761]: (*See* 1970(M) Parts IV-VI—*principal provisions as to assessment, appeals and collection.*)*and also:*—1970(M) s.31(3)*appeals under* s.349(1)*and* 350*to go to Special Commissioners.*
[^c21592771]: Source-1972 s.108(2)-(4)
[^c21592781]: *See* 1989 s.94*and* Sch.11 para.18—*deep gain securities.*
[^c22739781]: Words in [s. 350(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/8)
[^c22739801]: [S. 350(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1A) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/8)
[^c22742591]: Words in [s. 350(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1A) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/2)
[^c21592931]: [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg.21](https://www.legislation.gov.uk/uksi/1992/569/regulation/21). [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) modified (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg.23](https://www.legislation.gov.uk/uksi/1992/569/regulation/23).
[^c21592941]: Source-1970 s.55; 1973 s.17(4), 1986 s.29(3)
[^c21592951]: *See* s.30*and* Sch.5 para.11—*words* “or 687” *replaced by* “, 480A or 687 or by virtue of regulations under section 477A(1)” *as regards a payment made on or after* 6*April* 1991.
[^c22742271]: Words in [s. 349A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/a/i)
[^c22742291]: Words in [s. 349A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/a/ii)
[^c22742311]: Words in [s. 349A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/6) renumbered as s. 349A(6)(a) (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/b/i)
[^c22742331]: [S. 349A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/6/b) and preceding word inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/b/ii)
[^c23428241]: Words in [s. 349A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 150](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/150), (with Sch. 2)
[^c22742351]: [S. 349B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/1/b) and preceding word repealed (with effect in accordance with s. 94(7) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/14), Note
[^c22742381]: [S. 349B(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3) inserted (with effect in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/2)
[^c22742611]: Words in [s. 349B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3) inserted (1.12.2002) by The Income and Corporation Taxes Act 1988, Section 349B(3) Order 2002 ([S.I. 2002/2931](https://www.legislation.gov.uk/uksi/2002/2931)), art. 2
[^c23427731]: Words in [s. 349B(2)(b)(7)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/2/b/7/b/ii) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23428331]: [S. 349B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4) applied (with modifications) (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [24(c)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/24/c) (as amended (27.12.2005) by [The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349)](https://www.legislation.gov.uk/uksi/2005/3349), [regs. 1](https://www.legislation.gov.uk/uksi/2005/3349/regulation/1), [7(b)](https://www.legislation.gov.uk/uksi/2005/3349/regulation/7/b)); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23428311]: [S. 349B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 151(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/151/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436491]: [S. 349B(3)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3/g/h) repealed (with effect in accordance with s. 46(4)(a)(b) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/a/b), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(6)(7))
[^c23436541]: Words in [s. 349B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4/a) inserted (with effect in accordance with [s. 22(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 22(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/2)
[^c23436521]: [S. 349B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4/b) repealed (with effect in accordance with ss. 19(1), 22(4) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 22(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/3), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2; [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)
[^c23437011]: [S. 349B(3)(i)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3/i/ia) substituted for s. 349B(3)(i) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/16/2) (as amended by [The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569)](https://www.legislation.gov.uk/uksi/2006/569), [regs 1(1)](https://www.legislation.gov.uk/uksi/2006/569/regulation/1/1), [5(4)(5)](https://www.legislation.gov.uk/uksi/2006/569/regulation/5/4/5)) (with Sch. 36)
[^c23437031]: Word after s. 349B(3)(j) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 16(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/16/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23437051]: [S. 349B(3)(l)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3/l/m) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 16(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/16/4), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23436651]: Amendment to earlier affecting provision [S.I. 2004/1450](https://www.legislation.gov.uk/uksi/2004/1450) reg. 24(c) (27.12.2005) by [The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349)](https://www.legislation.gov.uk/uksi/2005/3349), [regs. 1](https://www.legislation.gov.uk/uksi/2005/3349/regulation/1), [7(b)](https://www.legislation.gov.uk/uksi/2005/3349/regulation/7/b)
[^c22742401]: Words in [s. 349C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/a/i)
[^c22742421]: Words in [s. 349C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/a/ii)
[^c22742441]: Word in [s. 349C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/2) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/b)
[^c22742461]: [S. 349C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/4) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/c)
[^c22742481]: Words in [s. 349D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/a) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/i)
[^c22742501]: Words in [s. 349D(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/b/c) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/ii)
[^c22742531]: Word in [s. 349D(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/d) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/iii)
[^c22742551]: [S. 349D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/2) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/b)
[^c21593111]: *See*—1988 s.117—*limited partners.*1988 s.280—*transfer of reliefs between spouses.*1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c22738581]: [S. 353(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738611]: [S. 353(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738691]: Words in [s. 353(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B) substituted (with effect in accordance with [s. 42(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/42/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 42(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/42/2/a)
[^c22740451]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/2)
[^c22740421]: Words in [s. 353(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A/1B) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740481]: [S. 353(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1G) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/4)
[^c22741741]: Words in [s. 353(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1G) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/2)
[^c21594051]: Source-1972 Sch.9 10; 1974 Sch.1 1
[^c21594061]: Source-1972 Sch.9 11; 1974 Sch.1 1
[^c21594071]: Source-1972 Sch.9 12; 1974 Sch. 1 1
[^c21594091]: Source-1972 Sch.9 13; 1974 Sch.1 1
[^c22741821]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741841]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741861]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741881]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(d)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/d) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741901]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(e)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/e) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741921]: Words in [s. 359(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741941]: Words in [s. 359(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741961]: Words in [s. 359(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21594101]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594111]: Source-1974 Sch.1 9(1); 1982 s.49(2)
[^c21594121]: 1989 s.107*and* Sch.12 para.12—*in relation to interest paid on or after* 27*July* 1989. 1988 s.424(4)*continues to have effect for purposes of* s.360*in relation to interest paid before* 27*July* 1989.*Previously* “satisfying any of the conditions of section 424(4)” *in* subs.1(a)*and* “satisfy any of the conditions of section 424(4)” *in* subs.2(a).
[^c21594131]: Source-1974 Sch.1 10(1); 1980 s.28(1)(b), (c); 1982 s.49(3)
[^c21594151]: Source-1974 Sch.1 10(2); 1982 s.49(3)
[^c21594161]: 1989 s.107*and* Sch.12 para.12—*in relation to interest paid on or after* 27*July* 1989. 1988 s.424(4)*continues to have effect for purposes of* s.360*in relation to interest paid before* 27*July* 1989.*Previously* “satisfy any of the conditions of section 424(4)”.
[^c21594171]: 1989 s.47.
[^c21594181]: 1989 s.48(1).*Previously* “(4) In this section expressions to which a meaning is assigned by Part XI have that meaning, but—(a) in relation to any loan made after 5th April 1987, paragraph 39 of Schedule 9 shall have effect for determining whether the interest on the loan is eligible for relief under section 353 by virtue of this section; and (b) in relation to any loan made before 14th November 1986, section 417 shall have effect subject to the following modifications—(i) in subsection (3)(c) for the words following “deceased person” there shall be substituted the words “subject to subsection (3A) below, any other person interested therein”; and (ii) after subsection (3) there shall be added— “(3A) Subsection (3)(c) above shall not apply so as to make an individual an associate as being entitled or eligible to benefit under a trust—(a) if the trust relates exclusively to an exempt approved scheme as defined in section 592; or (b) if the trust is exclusively for the benefit of the employees, or the employees and directors, of the company or their dependants (and not wholly or mainly for the benefit of directors or their relatives), and the individual in question is not (and could not as a result of the operation of the trust become), either on his own or with his relatives, the beneficial owner of more than 5 per cent. of the ordinary share capital of the company; and in applying paragraph (b) above any charitable trusts which may arise on the failure or determination of other trusts shall be disregarded.””.
[^c22740321]: Words in [s. 360(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/360/3A) inserted (with effect in accordance with [s. 79(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/79/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/79/1)
[^c23436591]: Words in [s. 360(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/360/3A) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [68](https://www.legislation.gov.uk/uksi/2005/3229/regulation/68)
[^c21594201]: 1989 s.107*and* Sch.12 para.13(2)*in relation to accounting periods beginning after* 31*March* 1989.*For accounting periods beginning on or before* 31*March* 1989,*the following wording applies:* “in a company—(a) if he, either on his own or with one or more of his associates, or if any associate of his with or without other such associates, is the beneficial owner of, or able (directly or through the medium of other companies or by any other indirect means) to control, more than 5 per cent. of the ordinary share capital of the company, or (b) if, on an amount equal to the whole distributable income of the company falling to be apportioned under Part XI for the purpose of computing total income, more than 5 per cent. of that amount could be apportioned to him together with his associates (if any), or to any associate of his, or any such associates taken together.”.
[^c21594211]: 27*July* 1989.
[^c21594221]: 27*July* 1989.
[^c21594241]: 1989 s.107*and* Sch.12 para.13(3)*in relation to accounting periods beginning after* 31*March* 1989.
[^c23436611]: Words in [s. 360A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/10) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [69](https://www.legislation.gov.uk/uksi/2005/3229/regulation/69)
[^c23437101]: Words in [s. 360A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/2) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 11(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23437121]: Words in [s. 360A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/2/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 11(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23437141]: Words in [s. 360A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/8) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 11(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23437161]: Words in [s. 360A(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/9/a) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/17) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21594251]: Source-1974 Sch.1 10A(1); 1981 s.25(3)
[^c21594261]: Source-1974 Sch.1 10B; 1981 s.25(3), (6)
[^c21594271]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594281]: Source-1974 Sch.1 10C; 1983 s.24(1)
[^c21594291]: *See* 1988(F) s.35*and* Sch.3 para.15*for changes applicable in respect of payments of interest made on or after* 6*April* 1990.
[^c21594301]: Source-1974 Sch.1 10D(1)-(3); 1983 s.24(1); 1984 s.24(2), (3)
[^c21594321]: *See* 1988(F) s.35*and* Sch.3 para.15*for changes applicable in respect of payments of interest made on or after* 6*April* 1990.
[^c21594351]: Source-1974 Sch.1 10D(3A); 1983 s.24(1); 1984 s.24(4)
[^c21594361]: Source-1974 Sch.1 10D(4); 1983 s.24(1)
[^c21594371]: Source-1974 Sch.1 11(1)
[^c21594381]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594391]: Source-1974 Sch.1 12; 1981 s.25(2)
[^c22742031]: Words in [s. 362(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/362/2/a) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/9)
[^c21594401]: Source-1974 Sch.1 13; 1981 s.25(4); 1983 s.24(2)(a)
[^c21594411]: Source-1974 Sch.1 14(1); 1981 s.25(4); 1983 s.24(2)(a)
[^c21594421]: Source-1974 Sch.1 14(2)
[^c21594431]: Source-1974 Sch.1 15; 1981 s.25(4); 1983 s.24(2)(b)
[^c21594441]: Source-1974 Sch.1 10A(2); 1981 s.25(3)
[^c21594451]: [1976 c.78](https://www.legislation.gov.uk/ukpga/1976/78).
[^c21594461]: Source-1974 Sch.1 17(1); 1975 Sch.12 19(2); 1986 s.100
[^c21594471]: Source-1974 Sch.1 18
[^c21594481]: Source-1974 Sch.1 20, 21; 1975 Sch.12 19(3), (4); 1986 s.100
[^c22739041]: Words in [s. 366(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/366/1/c) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21594691]: Source-1972 Sch.9 2; 1974 Sch.1 23
[^c21594701]: Source-1972 Sch.9 14; 1974 Sch.1 23
[^c21594711]: Source-1972 Sch.9 15; 1974 Sch.1 1, 23
[^c22740791]: Words in [s. 367(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740811]: Words in [s. 367(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/3/4) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/3)
[^c21594771]: Source-1972 Sch.10 1-6
[^c22738231]: Words in [s. 368(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 9](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/9)
[^c22740341]: Words in [s. 368(3)(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/3/4/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23428391]: Words in [s. 368(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428411]: [S. 368(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428431]: Words in [s. 368(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428451]: Words in [s. 368(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428471]: [S. 368(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21594971]: *See* S.I. [1988 No.1347](https://www.legislation.gov.uk/ukcm/1988/1347) (*in* Part III Vol.5)*in respect of housing associations.*
[^c21596041]: *See* S.I. [1983 No.368](https://www.legislation.gov.uk/ukcm/1983/368) (*in* Part III Vol.5)—*housing associations.*
[^c22743361]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c21596171]: [S. 380](https://www.legislation.gov.uk/ukpga/1988/1/section/380) amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171](https://www.legislation.gov.uk/ukpga/1993/34/section/171) (3), 184(3)
[^c21596241]: *See* 1988(F) s.148*and* Sch.14 Part V*regarding repeal of* s.380(4)*from* 6*April* 1993.
[^c21596251]: *See*—1990(C) s.142—*restriction of set off of first-year allowances.*
[^c21596261]: Source—1970 s.168(8)
[^c21596271]: 1988(F) Sch.6 para.8*from* 15*March* 1988.*Previously* “section 54”.
[^c22743471]: [S. 380(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1/2) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/1) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743511]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/8)
[^c22744341]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22743491]: [S. 380(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/3) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21596351]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 9](https://www.legislation.gov.uk/uksi/1991/851/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1991/851/schedule/2). [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (for the year of assessment 1989-90 only) (28.3.1992) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [reg. 9](https://www.legislation.gov.uk/uksi/1992/511/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1992/511/schedule/2).
[^c21596361]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) applied with modification (23.3.1993) by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [reg. 9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c21596371]: Source—1978 s.30(1)
[^c21596381]: *See* S.I. [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol.5) regn. 15—*non-resident entertainers and sportsmen.*
[^c21596391]: Source—1978 s.30(2)
[^c21596401]: Source—1978 s.30(3)
[^c21596411]: Source—1978 s.30(4)-(6)
[^c21596421]: *See* 1990(C) s.142—*restriction of set-off of first-year allowances.*
[^c21596431]: Source—1978 s.30(10)
[^c22766431]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22744381]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22743551]: Words in [s. 381(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/2) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/2) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743571]: [S. 381(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22744831]: Words in [s. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/10)
[^c22744851]: Words in [s. 381(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/4) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/24), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23441231]: Words in [s. 381(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/5/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2005/3229/regulation/70)
[^c21596481]: Source—1970 s.168(3); 1971 s.16(2)(a); 1978 s.30(7)(a)
[^c21596491]: Source—1970 s.168(4); 1978 s.30(7)(a)
[^c21596501]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22743741]: [S. 382(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3/4) substituted (with effect in accordance with ss. 209(7), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/3) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22748231]: Words in [s. 382(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438731]: Words in [s. 382(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 158](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/158), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21596861]: Source—1970 s.170(1)
[^c21596871]: Source—1970 s.170(2)-(4)
[^c21596881]: Source—1980 s.70(1), (5)
[^c21596891]: Source—1980 s.70(2), (5)
[^c21596901]: Source—1980 s.70(4)
[^c22743611]: Words in [s. 384(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/1) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743631]: Words in [s. 384(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/2/a) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743671]: [S. 384(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/2/b) and preceding word repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743681]: [S. 384(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/5) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(b) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743701]: Words in [s. 384(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6) substituted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/2/a)
[^c22743721]: Words in [s. 384(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6/a) substituted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/2/b)
[^c22745411]: Words in [s. 384(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/1) repealed (with effect in accordance with s. 134(2) of the repealing Act) by Finance Act 1996 (c, 8), Sch. 20 para. 25(1), Sch. 41 Pt. 5(10), Note
[^c22745431]: [S. 384(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/25/2)
[^c22751011]: Words in [s. 384(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751041]: Words in [s. 384(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751061]: [S. 384(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/11) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23438751]: [S. 384(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/4/a/b) and words substituted for words in s. 384 (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 159(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/159/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23438771]: Words in [s. 384(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 159(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/159/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597001]: *See* 1988(F) Sch.14 Part V—*repeal of* subs. (6)*from* 6*April* 1993.
[^c21597011]: 1988(F) Sch.6 para.6(8)*from* 15*March* 1988.*Previously* “section 54”.
[^c22743771]: [S. 385(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/1) substituted (with effect in accordance with ss. 209(7), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/4) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743791]: [S. 385(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/2) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(c) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743831]: [S. 385(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/3) repealed (with effect in accordance with ss. 209(7), 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/5), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 6
[^c22743811]: [S. 385(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/5) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(c) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743851]: [S. 385(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/8) repealed (with effect in accordance with ss. 209(7), 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/5), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 6
[^c22748981]: [S. 385](https://www.legislation.gov.uk/ukpga/1988/1/section/385) modified (with effect in accordance with [s. 56(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/56/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 56(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/56/4)
[^c23438471]: [S. 385](https://www.legislation.gov.uk/ukpga/1988/1/section/385) modified by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 20A paras. 6-8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/6) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/25/paragraph/3))
[^c22748241]: Words in [s. 385(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438811]: Words in [s. 385(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/161), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597021]: Source—1970 s.172
[^c22743871]: [S. 386(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(f)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/f), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22748291]: Words in [s. 386(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438891]: Words in [s. 386(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/162), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597031]: Source—1970 s.173(1), (2)
[^c21597041]: Source—1970 s.173(3)(aa); 1970(F) Sch.4 9(6)
[^c21597051]: Source—1970 s.173(3)(a)-(c)
[^c21597061]: [Sch.7 para.36(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/4) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*from* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)
[^c22746401]: [S. 387(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/c) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22746441]: [S. 387(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/f) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23438921]: Words in [s. 387(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 163](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/163) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597071]: Source—1970 s.174(1)
[^c21597081]: Source—1970 s.174(2)-(6)
[^c21597091]: *See* 1990(C) ss.30-31*(ships*)—*carry forward does not include postponement under* 1990(C) ss.30-31.
[^c22747701]: [S. 388](https://www.legislation.gov.uk/ukpga/1988/1/section/388) modified (1.12.1997 with effect in accordance with reg. 1 of the affecting S.I.) by [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [reg. 10](https://www.legislation.gov.uk/uksi/1997/2681/regulation/10)
[^c22748391]: [S. 388](https://www.legislation.gov.uk/ukpga/1988/1/section/388) restricted (9.3.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 14(3)](https://www.legislation.gov.uk/uksi/1995/351/regulation/14/3)
[^c22748371]: Words in [s. 388(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/6) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743951]: [S. 388(6)(b)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/6/b/d) (and word preceding (d)) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22743991]: Words in [s. 388(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/7) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22748301]: Words in [s. 388(1)(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1/4/5/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438941]: Words in [s. 388(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 164(2)(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/164/2/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23439001]: Words in [s. 388(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 164(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/164/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597101]: Source—1970 s.174(7)-(13); 1986 Sch.13 27; 1971 Sch.8 16
[^c21597161]: *See* 1988(F) Sch.14 Part V*for repeal of* subs. (8)*from* 6*April* 1993.
[^c22744111]: [S. 389(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/3) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(g)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/g), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(d) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22744131]: [S. 389(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/5) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(c) (with Sch. 20)
[^c22751091]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751111]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751131]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23439021]: [S. 389(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 165](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/165) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597171]: Source—1970 s.175; 1972 Sch.11 3; 1974 Sch.1 28
[^c23439531]: Words in [s. 390(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/390/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 166](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23439621]: [S. 391](https://www.legislation.gov.uk/ukpga/1988/1/section/391) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 167](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/167) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23438791]: Words in [s. 384A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/160) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440311]: [S. 392](https://www.legislation.gov.uk/ukpga/1988/1/section/392) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 168](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/168) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23532101]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2) (with [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6))
[^c23532111]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23532121]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 226](https://www.legislation.gov.uk/ukpga/2005/5/section/226), [227](https://www.legislation.gov.uk/ukpga/2005/5/section/227), [232(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/232/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22744521]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/8)
[^c22744481]: [S. 379A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1) applied (with effect in accordance with s. 39(4)(5) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/2/3)
[^c22744501]: [S. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) applied (with effect in accordance with s. 39(4)(5) of the modifying Act) [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/4)
[^c22746371]: Word in [s. 379A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2/a) repealed (with effect in accordance with Sch. 15 para 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/2/1/a), [Sch. 18 Pt. 6(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/11), Note
[^c22746381]: Words in [s. 379A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2) repealed (with effect in accordance with Sch. 15 para 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/2/1/b), [Sch. 18 Pt. 6(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/11), Note
[^c22747941]: Words in [s. 379A(1)(a)(b)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1/a/b/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22750991]: Words in [s. 379A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/28) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751921]: Words in [s. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/2)
[^c23428541]: Words in [s. 379A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428561]: Words in [s. 379A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428591]: Words in [s. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428611]: Words in [s. 379A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428631]: Words in [s. 379A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428651]: Words in [s. 379A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428691]: Words in [s. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 157(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/157/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428711]: Words in [s. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 157(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/157/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597211]: *See* s.434A—*limitations on loss relief for life assurance company.*
[^c22750761]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 69(1) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 19](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/19) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22751941]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(2)-(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/2) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22751981]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(2)](https://www.legislation.gov.uk/uksi/2002/653/article/4/2)
[^c22766441]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/6), [16(5)(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/5/1/a), [19](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/19)
[^c23438671]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c21597321]: *See* 1990 s.99(2)*and* (4)*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597331]: *See* [Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(4)—*carry forward of losses where transfer to successor from existing bank under the* Trustee Savings Banks Act 1985.
[^c22743321]: [S. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15)
[^c21597341]: Source—1970 s.177(1)-(3)
[^c21597351]: Words in [s. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 8(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/a)
[^c21597361]: [S. 393(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/2) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19) Pt. v Note 4
[^c21597431]: *See* 1990 s.99(2)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597441]: Words in [s. 393(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/11) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 8(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 4
[^c21597551]: Source—1973 ss.30, 32(6)
[^c21597561]: Words in [s. 395(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/b) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/a)
[^c21597581]: Words in [s. 395(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1) and (4): repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213),Sch. 23 Pt.III(11), note; omitted (27.7.1993) by virtue of [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/b)
[^c22751281]: Words in [s. 395(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751301]: Words in [s. 395(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(1)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/1/4/5)
[^c22745491]: Word in [s. 393A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/a)
[^c22745511]: [S. 393A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/4/a) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/b)
[^c22750781]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/23) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22746491]: Words in [s. 393A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/2)
[^c22746511]: [S. 393A(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/3)
[^c22746531]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/39/8) of the amending Act) by Finance (No. 2) Act 1997, s. 39(4)(a)
[^c22746551]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/4/b)
[^c22746571]: [S. 393A(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/5)
[^c22746591]: [S. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/6)
[^c22766451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/5), [16(4)(a)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/4/a/b/5/b)
[^c23438691]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23442481]: [S. 393A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/4)
[^c23442501]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 35(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/35/2)
[^c22751151]: Words in [s. 393A(2C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2C/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751251]: [S. 393A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/5/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751171]: Words in [s. 393A(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751191]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751211]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751231]: Words in [s. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597601]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c22749041]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified (with application in accordance with Sch. 5 para. 72(2) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 72(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/72/1)
[^c23438451]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 7A](https://www.legislation.gov.uk/uksi/1995/1730/regulation/7A) (as inserted (28.10.2003 with effect in accordance with reg. 1(3) of the modifying S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003 (S.I. 2003/2573)](https://www.legislation.gov.uk/uksi/2003/2573), [reg. 8(1)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/8/1))
[^c21597611]: *See* 1990 ss.99(3)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10). [S. 396(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/1) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c21597621]: Source—1970 s.179
[^c22748951]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2), (with Sch. 6 para. 6)
[^c22752321]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23533041]: [Pt. 10 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23532151]: [S. 392A](https://www.legislation.gov.uk/ukpga/1988/1/section/392A) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/1) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23532761]: [S. 392A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(2)(4)
[^c23532851]: Words in [s. 392A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(3)(4)
[^c23533011]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/5), [Sch. 17 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2)
[^c23533021]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(5)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/5) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c21597641]: Source—1970 s.180; 1986 s.56(7) Sch.13 2(5)
[^c22744171]: Words in [s. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) inserted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/3/a) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22744191]: Words in [s. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22745531]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/a)
[^c22745551]: Words in [s. 397(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/a/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/b)
[^c22751321]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "basis year" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751341]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "chargeable period" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751361]: [S. 397(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751401]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23440751]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definitions of "farming" and "market gardening" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440761]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440781]: [S. 397(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a/b) substituted for words in s. 397(8) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440801]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441301]: Word at the end of s. 397(10)(a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441251]: [S. 397(10)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/ab) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441321]: [S. 397(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/c) and preceding word inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/b)
[^c21597691]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/4)
[^c23440861]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440881]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440901]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597791]: Source—1978 s.31
[^c21597801]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/11)
[^c21597811]: Source—1985 s.72(2); 1987 Sch.15 11(2); 1987 (No.2) s.81(1)
[^c21597821]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(19)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/19/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22746451]: [S. 399(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1A) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/4)
[^c22752101]: [S. 399(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/4/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23440921]: [S. 399(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440971]: Words in [s. 399(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440951]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22743341]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 16](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16)
[^c22744771]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/1)
[^c22744271]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(2)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/2), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598001]: Source—1981 s.48
[^c21598011]: Words in [s. 400(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/a); repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 14 para. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (11), note; omitted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 paras. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5)
[^c21598031]: Words in [s. 400(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/e) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21598041]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/12)
[^c22744791]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/2)
[^c22744251]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(3)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/3), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598071]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22745601]: [S. 400(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/8) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/7/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745621]: [S. 400(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/9A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/19) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22748451]: [S. 400(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/bb) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/36) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748441]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22749301]: Words in [s. 400(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/a) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(i)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/i) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749321]: Words in [s. 400(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/b) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(ii)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/ii) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749341]: Words in [s. 400(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/8/9) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(b)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/b) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22752001]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) excluded (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(3)](https://www.legislation.gov.uk/uksi/2002/653/article/4/3)
[^c22752021]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(4)](https://www.legislation.gov.uk/uksi/2002/653/article/4/4)
[^c22751421]: Words in [s. 400(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751441]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751461]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23450561]: [S. 400(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(2)(5)
[^c23450571]: [S. 499(2)(bb)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/499/2/bb/ii) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(3)(5)
[^c21598101]: Source—1980 s.39(1), (2), (4); 1982 s.50
[^c21598111]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109/4) of the amending Act) by virtue of s. 109(1)(4)
[^c22744561]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (with effect in accordance with [s. 120(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/a)
[^c22744601]: [S. 401(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/2) repealed (with effect in accordance with s. 120(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/b), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 2
[^c22766461]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) inserted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 109(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/2/4)
[^c22745641]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22745661]: [S. 401(1AA)-(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1AA) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22750821]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 69(1) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/1/3), [26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26)
[^c22752351]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 53(1) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 20(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20/1)
[^c22752371]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with Sch. 13 para. 28(1)(2) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/3)
[^c22766481]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 56 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/15/paragraph/2/2)
[^c22748471]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22766471]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/20)
[^c22748501]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c23440991]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441011]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441051]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441091]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441071]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598131]: *See*—1988 s.434A—*limitations on group relief for life assurance company.*1989 s.102—*surrender of company tax refund etc. within group* (*from a day to be appointed not earlier than* 31*March* 1992).
[^c21598141]: Source—1970 s.258(1)
[^c22742951]: Words in [s. 402(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/4) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/a/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c21598161]: Source—1970 s.258(3), (4)
[^c22751841]: [S. 402(1)(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1/2/5/6) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting Regulations) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22750001]: [S. 402(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A/3B) inserted (with effect in accordance with [Sch. 27 para. 6(1)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/1)
[^c23438371]: Words in [s. 402(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3B) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441211]: Words in [s. 402(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/6/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23441731]: Words in [s. 402(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/2)
[^c23441751]: [S. 402(2)-(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/2) substituted for s. 402(2) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/3)
[^c23441771]: Words in [s. 402(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/4)
[^c22749271]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/2/2) (as substituted (with effect in accordance with s. 38(2)(3) of the1998 amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch 5 para. 64(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/64/3) (with [Sch 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73)))
[^c22749281]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (with effect in accordance with s. 38(2)(3) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 paras. 75](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/75), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76)
[^c22751821]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) excluded (with effect in accordance with s. 579(1) of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 260(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/7), [261](https://www.legislation.gov.uk/ukpga/2001/2/section/261) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22749191]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23438711]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22752121]: Words in [s. 403(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/1/b) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/a)
[^c22752141]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/b)
[^c22752161]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/c)
[^c23441841]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/5)
[^c23441791]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/1)
[^c23441821]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/3)
[^c21598361]: Source—1987 (No.2) s.63
[^c21598371]: *Definition applied for purposes of*—1970 s.273A—*transfer of U.K. branch or agency.*1970 s.276(1A)—*replacement of business assets by members of a group.*1990(C) s.161(2)—*interpretation.*
[^c22745731]: [S 404(6)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/a/ia) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745831]: [S. 404(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/7) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751861]: [S. 404](https://www.legislation.gov.uk/ukpga/1988/1/section/404) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22748631]: [S. 404(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/a/aa) substituted for s. 404(2)(a) (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748691]: [S. 404(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/c) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/3), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23438651]: Word in [s. 404(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/c) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 16(3) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 16(2)
[^c21598381]: Source—1985 Sch.9 2
[^c21598391]: Source—1985 Sch.9 3
[^c22747371]: Words in [s. 405(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/405/4) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/4)
[^c21598401]: Source—1985 Sch.9 5(1), 6(1)
[^c21598411]: Source—1985 Sch.9 5(2)-(4)
[^c21598421]: Source—1985 Sch.9 6(2)-(5)
[^c22742971]: Words in [s. 406(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/2/5)
[^c22747391]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/a)
[^c22747421]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/b)
[^c22747451]: [S. 406(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/3) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/2)
[^c22747471]: [S. 406(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/7) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/3)
[^c22747491]: Words in [s. 406(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/8) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/4)
[^c21598591]: Source—1970 s.260(1)
[^c21598601]: Source—1970 s.260(1), (2)
[^c21598611]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/1)
[^c21598631]: Source—1970 s.260(3)(a), (d)
[^c21598641]: Words in [s. 407(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2)
[^c21598651]: Source—1970 s.260(3)(b)
[^c21598671]: Word in [s. 407(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2) inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598681]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) and words inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598691]: Source—1970 s.260(4)
[^c22745851]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745871]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) substituted for para. (c) and words following it (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751541]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751551]: Words in [s. 407(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22746161]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/1) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22744691]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24) s. 7(2)
[^c22744291]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22743191]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17)
[^c22744751]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/1)
[^c21598761]: Source—1973 s.29, 32(6); 1981 s.40(6)
[^c21598771]: *See* Trustee Savings Bank Act 1985 s.5*and* Sch.2 para.6(8)—s.410*not to apply to transfers effected by* s.3*of the* TSB Act 1985.
[^c21598781]: Source—1981 s.47
[^c22750861]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/5); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), [art. 2(1)](https://www.legislation.gov.uk/uksi/2000/2957/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2000/2957/schedule/1)
[^c22752041]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 5](https://www.legislation.gov.uk/uksi/2002/653/article/5) (with [art. 6](https://www.legislation.gov.uk/uksi/2002/653/article/6))
[^c22751881]: S.. 410(1)(4)(5)-(7) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22746471]: Words in [s. 410(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/5) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 68](https://www.legislation.gov.uk/ukpga/1997/16/section/68)
[^c21598791]: Source—1970 s.263(1),(2)
[^c22747561]: [S. 411(2)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/2) repealed (with effect in accordance with Sch. 7 para. 6, Sch. 8 Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22751901]: [S. 411(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/1) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22751731]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751741]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22748651]: [S. 412](https://www.legislation.gov.uk/ukpga/1988/1/section/412) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/46); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21598931]: Source—1970 s.258; 1985 Sch.9 1
[^c21598941]: Source—1970 s.258(5)-(7)
[^c21598951]: Source—1970 s.258(8); 1984 s.46(2); 1985 Sch.9 1(a)
[^c22743261]: [S. 413(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6/a) applied (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/7)
[^c21598961]: Source—1973 s.28(2)-(5); 1981 s.40(5)
[^c22743031]: [S. 413(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/8/9) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/b/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c22747511]: [S. 413(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/7)
[^c22748671]: Words in [s. 413(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 38](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/38) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22750111]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c22750131]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "non-resident company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c23441631]: [S. 413(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3) applied (with modifications) (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35)
[^c22767851]: Words in [s. 413(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5) repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22743021]: [S. 413(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5/c) and preceding word repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c23442601]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "EEA territory" inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/5/2)
[^c23443201]: [S. 413(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3/a) applied (6.4.2007) by [The Income Tax (Construction Industry Scheme) Regulations 2005 (S.I. 2005/2045)](https://www.legislation.gov.uk/uksi/2005/2045), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2045/regulation/1), [5(5)](https://www.legislation.gov.uk/uksi/2005/2045/regulation/5/5) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2005/2045/schedule/1)); Gazette issue 58269 dated 9.3.2007
[^c22746701]: [S. 403A](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750041]: Words in [s. 403A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/b) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/b) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c23441891]: [S. 403A(10)(a)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/a/ab) substituted for s. 403A(10)(a) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/2)
[^c23441921]: [S. 403A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/3)
[^c22746721]: [S. 403B](https://www.legislation.gov.uk/ukpga/1988/1/section/403B) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750071]: [S. 403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403C) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(1)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/1/5)
[^c22749751]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/1)
[^c22751481]: Words in [s. 403ZB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 36](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/36) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751501]: [S. 403ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/2) restricted (with effect in accordance with s. 579(1) of the restricting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 131(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/131/7) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22749241]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22752181]: [S. 403ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZC/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 45](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/45), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22752221]: [S. 403ZD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/6) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/2)
[^c23438571]: [S. 403ZD(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(2)(4)
[^c23438591]: [S. 403ZD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/5) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(3)
[^c23438611]: Words in [s. 403ZE(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/1/b/ii) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(2)(3)
[^c23438631]: [S. 403ZE(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/2) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(4)
[^c23550481]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35) to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
[^c23441971]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/a)
[^c23441991]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/b)
[^c23442011]: [S. 403D(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/3)
[^c23438381]: Words in [s. 403E(1)(a)(2)(4)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/1/a/2/4/5/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441691]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 136(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/136/1/2/c)
[^c23550461]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2006/3296/regulation/17)
[^c23550471]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23550451]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521](https://www.legislation.gov.uk/ukpga/2009/4/section/521) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c22752391]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/4) (as inserted (with effect in accordance with s. 104(5) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3))
[^c22752411]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/2/5) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 22(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/22/4))
[^c23481021]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 453](https://www.legislation.gov.uk/ukpga/2005/5/section/453), [456(7)](https://www.legislation.gov.uk/ukpga/2005/5/section/456/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598971]: *See* 1979(C) s.155(1)—*definition applied for purposes of capital gains.*
[^c21598981]: Source—1970 s.282(1)
[^c21598991]: 1989 s. 104(1) from 1 April 1989. Previously "(2) Subject to section 415 and subsection (5) below, a company resident in the United Kingdom (but not falling within subsection (1)(b) above) is a close company if-(a) on the assumtion that it is so, or (b) on the assumption that it and any other such company or companies are so, more than half of any any amount falling to be apportioned under section 423 in the case of the company (including any sum which has been apportioned to it, or could on either of those assumptions be apportioned to it, under that section) could be apportioned among five or fewer participators, or among participators who are directors.".
[^c21599001]: Source—1970 s.282(2); 1972 Sch.17 1
[^c21599011]: Repealed by 1989 ss. 104(2) and 187 and Sch. 17 Part V from 1 April 1989
[^c21599021]: Source—1970 s.282(3)
[^c21599031]: 1970 s.282(4), (5); 1972 Sch.17 1
[^c21599041]: 1989 s.104(3)*from* 1*April* 1989.*Previously* “paragraph (c) of section 416(2) and it would not be a close company if the reference in that paragraph”.
[^c21599051]: Source—1971 s.25(6)
[^c23481081]: Words in [s. 414(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/7) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 18](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/18) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21599061]: Source—1970 s.283(1)-(3)
[^c21599071]: Source—1970 s.283(4)(a)
[^c21599081]: Source—1970 s.283(4)(bb); 1970(F) Sch.5 Part III 12(3)
[^c21599091]: Source—1970 s.283(4)(c)
[^c21599101]: Source—1970 s.283(5)-(8)
[^c22745911]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (with effect in accordance with [Sch. 38 para. 6(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(f)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/f)
[^c23481101]: Words in [s. 415(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/4/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 19](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/19) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21599161]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/89/1), [Sch. 16 para. 10(9)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/9) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(11)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/11/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599171]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 86(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/5), [288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [Sch. 5 paras. 2(8)(9)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/2/8/9), [8(8)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/8/8), [9(9)(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/9/9/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (1.10.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [art. 62(4)](https://www.legislation.gov.uk/nisi/1992/1725/article/62/4); [S.R. 1992/402](https://www.legislation.gov.uk/nisr/1992/402), [art. 2(a)](https://www.legislation.gov.uk/nisr/1992/402/article/2/a)
[^c22744231]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (17.12.1996) by [Housing Grants, Construction and Regeneration Act 1996 (c. 53)](https://www.legislation.gov.uk/ukpga/1996/53), [ss. 54(2)](https://www.legislation.gov.uk/ukpga/1996/53/section/54/2), [150(3)](https://www.legislation.gov.uk/ukpga/1996/53/section/150/3); [S.I. 1996/2842](https://www.legislation.gov.uk/uksi/1996/2842), [art. 3](https://www.legislation.gov.uk/uksi/1996/2842/article/3)
[^c23457351]: S, 416 applied (N.I.) (1.10.2003 for specified purposes and 1.12.2003 otherwise) by [The Housing (Northern Ireland) Order 2003 (S.I. 2003/412)](https://www.legislation.gov.uk/uksi/2003/412), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/412/article/1/3), [85(2)](https://www.legislation.gov.uk/uksi/2003/412/article/85/2); [S.R. 2003/270](https://www.legislation.gov.uk/nisr/2003/270), [art. 2(4)](https://www.legislation.gov.uk/nisr/2003/270/article/2/4), [Sch. 3](https://www.legislation.gov.uk/nisr/2003/270/schedule/3)
[^c21599181]: Source—1970 s.302(1); 1972 Sch.24 21
[^c21599191]: Words repealed by 1989 s. 187 and Sch. 17 Part v in relation to accounting periods beginning after 31 March 1989
[^c21599201]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22745921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 87(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/87/6) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11))
[^c22745941]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 9 para. 17(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8) Sch. 9 para. 17(9)
[^c22746271]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.3.1996) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 12(7)](https://www.legislation.gov.uk/ukpga/1995/45/section/12/7), [18(4)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/4) (with [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1)); [S.I. 1996/218](https://www.legislation.gov.uk/uksi/1996/218), [art. 3](https://www.legislation.gov.uk/uksi/1996/218/article/3)
[^c22746291]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (10.6.1996) by [The Gas (Northern Ireland) Order 1996 (S.I. 1996/275)](https://www.legislation.gov.uk/uksi/1996/275), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1996/275/article/1/2), [39(7)](https://www.legislation.gov.uk/uksi/1996/275/article/39/7) (with [art. 71](https://www.legislation.gov.uk/uksi/1996/275/article/71)); [S.R. 1996/216](https://www.legislation.gov.uk/nisr/1996/216), [art. 2](https://www.legislation.gov.uk/nisr/1996/216/article/2) (with [arts. 3](https://www.legislation.gov.uk/nisr/1996/216/article/3), [4](https://www.legislation.gov.uk/nisr/1996/216/article/4))
[^c22750701]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 19E(4)](https://www.legislation.gov.uk/ukpga/1986/44/section/19E/4) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 2 para. 1](https://www.legislation.gov.uk/uksi/2000/1937/schedule/2/paragraph/1))
[^c22750721]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 17E(7)](https://www.legislation.gov.uk/ukpga/1998/17/section/17E/7) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 4 para. 4](https://www.legislation.gov.uk/uksi/2000/1937/schedule/4/paragraph/4))
[^c22750881]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 8(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/8/2)
[^c22750901]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/20); and s. 416(2)-(6) applied by that para. 20 as amended by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 20 paras. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/15)
[^c22750921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 33(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/33/5)
[^c22752431]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch.15 para. 11(2D)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/11/2D/a) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 41(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/41/2))
[^c22752451]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 59(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/59/4)
[^c23457571]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 10(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/10/3) (as substituted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/3))
[^c23457581]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/11/paragraph/4/2); [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23481311]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 784(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/784/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21599211]: Source—1970 s.302(2)-(4); 1972 Sch.17 5
[^c21599221]: Source—1970 s.302(5), (6)
[^c21599351]: *Definition of* “participator”,*excluding* “loan creditor”,*applied for purposes of* 1979(C) s.149 (*capital gains tax relief on disposals to employee trusts*).*Definition of* “participator” *applied for purposes of*—1988 s.168(11)—*directors etc.*1988 s.187(3)—*share option and profit sharing schemes.*1988 s.360A—*loan to buy interest in close company.*1989 Sch.5—*employee share ownership trusts.*
[^c21599361]: In s. 417(1): definition of 'participator' applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89](https://www.legislation.gov.uk/ukpga/1991/31/section/89), [Sch. 16 paras. 4(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/4/10), [10(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/10), [11(11)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/11/11) and applied by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(12)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/12/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599371]: Source—1970 s.303(1), (2)
[^c21599381]: *See* s.360(4)(b)*ante with regard to loans made before* 14*November* 1986.
[^c21599391]: *Definition of* “associate” *applied for purposes of:*—1988 s.168 (Ch.II Part V) (*expenses of directors and others*).1988 s.312 (Ch.III Part VII) (*Business Expansion Scheme*).1989 Sch.5 para.16—*employee share ownership trusts.*
[^c21599411]: Source—1970 s.303(4)-(6)
[^c21599421]: *Definition applied for purposes of* 1988(F) s.131—*penalties; and* 1989 s.134—*non-payment of tax by non-residents.*
[^c21599431]: *Definition applied for purposes of* 1989 Sch.12 Pt.I—*close companies: administrative provisions.*
[^c21599441]: Source—1970 s.303(7)
[^c21599451]: Source—1970 s.303(8); 1972 Sch.17 7
[^c21599461]: Source—1970 s.303(7)
[^c21599401]: Source—1970 s.303(3); 1970(F) Sch.5 Part III 12(4); 1987 s.37(1)
[^c23481041]: Words in [s. 417(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [72](https://www.legislation.gov.uk/uksi/2005/3229/regulation/72)
[^c23481331]: [S. 417](https://www.legislation.gov.uk/ukpga/1988/1/section/417) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23481371]: [S. 417(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/1) applied (with modifications) (with effect in accordance with Sch 15 paras. 97, 98 of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 15 para. 82(5)(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/15/paragraph/82/5/6)
[^c23481161]: Words in [s. 417(3)(b)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b/c/i) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23481141]: Words in [s. 417(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21599471]: Source—1970 s.284(1)
[^c21599481]: Source—1970 s.284(2)
[^c21599491]: Source—1970 s.284(2)(a); 1976 Sch.9 15
[^c21599501]: 1989 s.53(2)(f).*Previously* “director's or higher-paid employment (within the meaning of section 167)”.
[^c21599511]: Source—1970 s.284(2)(aa); 1980 s.51(4)
[^c21599521]: Source—1970 s.284(2)(b); 1976 Sch.9 15; 1977 s.35(4)
[^c21599531]: Source—1970 s.284(3); 1976 Sch.9 16
[^c21599541]: Source—1970 s.284(4)-(7)
[^c23457471]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457491]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457511]: Words in [s. 418(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457531]: Words in [s. 418(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481061]: Words in [s. 418(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [73](https://www.legislation.gov.uk/uksi/2005/3229/regulation/73)
[^c21599551]: *See* 1989 s.107*and* Sch.12—*close companies: administrative provisions.*
[^c21599561]: *See* 1970(M) s.109—*application of* s.419*to corporation tax enactments generally.*
[^c21599571]: [S. 419(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1/3): 30.9.1993 appointed for the purposes of s. 419(1)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21599581]: Source—1970 s.286(1); 1972 Sch.17 3(2); 1987 (No.2) s.90(3)
[^c21599591]: Source—1970 s.286(2)
[^c21599621]: Source—1970 s.286(5); 1972 Sch.17 3(4); 1986 s.43(2); 1976 s.44
[^c21599631]: Source—1970 s.286(7)-(9)
[^c22746021]: [S. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/2)
[^c22746081]: [S. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/3)
[^c22767981]: Words in [s. 419(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/6) repealed (with effect in accordance with s. 173(6) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/4), [Sch. 41 Pt. 5(29)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/29), Note
[^c22748711]: Words in [s. 419(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1) substituted (with effect in accordance with [Sch. 3 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/2)
[^c22748911]: Words in [s. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748731]: Word in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) renumbered as s. 419(4)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/a)
[^c22748771]: [S. 419(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/b)
[^c22748871]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 47(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/3), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748761]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/c)
[^c22748801]: Word in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) renumbered as s. 419(4A)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/a)
[^c22748821]: [S. 419(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/b)
[^c22748841]: Words in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/c)
[^c22748891]: [S. 419(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4B) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21599641]: Source—1970 s.286(2)
[^c21599651]: Source—1970 s.286(3), (9); 1971 s.25(5); 1972 Sch.17 3(3)
[^c21599661]: Words omitted where the loan first mentioned in s. 420(2) is made on or after 6 April 1990-see 1988(F) s. 35 and Sch. 3 para. 16.
[^c21599701]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/4/a/5)
[^c22747651]: Words in [s. 421(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a/b) substituted (with effect in accordance with [Sch. 4 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/1/a)
[^c23480921]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480941]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480961]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480981]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481001]: Words in [s. 421(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480861]: [S. 421(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/c/d) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480891]: [S. 421(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481181]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/13), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21599751]: Source—1970 s.287A 1976 s.44(2)
[^c22770741]: Source—1970 s.323(1); 1973 s.40(7); 1982 s.58(7)
[^c22770761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (31.7.1992 with effect as mentioned in reg. 1 of the modifying S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [5](https://www.legislation.gov.uk/uksi/1992/1655/regulation/5) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [6](https://www.legislation.gov.uk/uksi/1993/3111/regulation/6); and as further amended (19.3.1997) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1997 (S.I. 1997/471)](https://www.legislation.gov.uk/uksi/1997/471), [regs. 1](https://www.legislation.gov.uk/uksi/1997/471/regulation/1), [6](https://www.legislation.gov.uk/uksi/1997/471/regulation/6))
[^c22770771]: Source—1970 s.323(2); 1970(F) Sch.5 Pt.III 11(4)
[^c22770791]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770811]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/4)
[^c22770831]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770851]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770861]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770871]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in the definition of "overseas life insurance company" substituted (27.7.1993 as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/1/3/4)
[^c22770881]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" inserted (27.7.1993 with effect in relation to accounting periods beginning after 31.12.1992) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 99(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/99/2/3)
[^c22770901]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770911]: [S. 431(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(3)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/3)
[^c22855041]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "general annuity business" and "pension business" repealed (with effect in accordance with Sch. 8 para. 57, Sch. 29 Pt. 8(5) Notes 2, 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22855071]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855011]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22854971]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance company" substituted (with effect in accordance with [s. 52(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/1)
[^c22854991]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855031]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "linked assets" substituted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/1)
[^c22855091]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "offshore income gain" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life asurance business" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance business" inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855111]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word following the definition of "overseas life assurance company" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22854981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "pension business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855131]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "policy holders' fraction" and "shareholders' fraction" inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch.8 para.1](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/1) and repealed (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 6
[^c22855021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855121]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855141]: [S. 431(2A)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855431]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (20.3.1997 with effect as mentioned in reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/1997/473/regulation/6) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3629/regulation/1), [156](https://www.legislation.gov.uk/uksi/2001/3629/regulation/156), [165(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/regulation/165/2/b); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [4](https://www.legislation.gov.uk/uksi/2003/23/regulation/4); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [6](https://www.legislation.gov.uk/uksi/2004/822/regulation/6); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/2005/regulation/5))
[^c22855441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (20.3.1997 with effect as mentioned in reg. 7(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/1997/473/regulation/7)
[^c22855401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "industrial assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "ordinary long term business" and "ordinary life assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" repealed (with effect in accordance with Sch. 6 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/5/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22855471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [7](https://www.legislation.gov.uk/uksi/1998/1871/regulation/7)
[^c22855481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [5](https://www.legislation.gov.uk/uksi/1999/498/regulation/5)
[^c22855491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/a), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22855501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "contract of insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/2)
[^c22855521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "insurance business transfer scheme" and "insurance company" substituted for definition of "insurance company" (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/3)
[^c22855541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term business" substituted for definition of "long term business" (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/5)
[^c22855581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/b)
[^c22855591]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/a)
[^c22855551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" inserted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/6)
[^c22855561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "periodical return" substituted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/7)
[^c22855571]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Prudential Sourcebook (Insurers)" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/8)
[^c23572411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "brought into account" inserted (with effect in accordance with [Sch. 33 para. 20(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/2)
[^c23572451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" inserted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 25](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/25)
[^c23572471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "period of account" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 29](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/29)
[^c23572431]: [S. 431(2ZA)-(2ZE)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZA) inserted (with effect in accordance with [Sch. 33 para. 22(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 22(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/1)
[^c23572491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "annuity business" inserted (with effect in accordance with [s. 147(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/2)
[^c23572551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [5](https://www.legislation.gov.uk/uksi/2004/2680/regulation/5); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23572511]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "annuity business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 175](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/175) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23573041]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2005/2014/regulation/6) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2134/regulation/6); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(2)(3)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/2/3), [4](https://www.legislation.gov.uk/uksi/2008/1937/regulation/4))
[^c23572961]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" inserted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/2)
[^c23572981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "liabilities" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/3)
[^c23573021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" repealed (with effect in accordance with Sch. 9 para. 2(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/4), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10), Note 1
[^c23573001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "value" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/5)
[^c23573061]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "free assets amount" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/a)
[^c23573101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/b)
[^c23573081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "shareholders' excess assets" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/c)
[^c23573121]: Word at the end of s. 431(2ZB)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/a)
[^c23573201]: Words in [s. 431(2ZB)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/b)
[^c23573161]: [S. 431(2ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/c)
[^c23573221]: Words in [s. 431(2ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/d)
[^c23573141]: Word at the end of s. 431(2ZC)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/a)
[^c23573241]: Words in [s. 431(2ZC)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/b)
[^c23573181]: [S. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/c)
[^c23573261]: Words in [s. 431(2ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/d)
[^c23573281]: Word in [s. 431(ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/ZB/d) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [art. 2](https://www.legislation.gov.uk/uksi/2006/1358/article/2)
[^c23573311]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "General Prudential Sourcebook" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/a)
[^c23573351]: [2000 c. 8](https://www.legislation.gov.uk/ukpga/2000/8)
[^c23573361]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "insurance company" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/b)
[^c23573331]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "the Insurance Prudential Sourcebook" and "insurance special purpose vehicle" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/c)
[^c23573381]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(d)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/d)
[^c23573401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (a) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(i)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/i)
[^c23573421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (b) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/ii)
[^c23573441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "value" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(f)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/f)
[^c23582841]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/a)
[^c23582861]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/b)
[^c23594271]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/3)
[^c23595711]: [S. 431A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/5) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/1/2/a), [Sch. 26 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/14)
[^c21600341]: See 1989 ss.82-92 for changes made by Finance Act 1989 and 1990 ss.41-48 for changes made by Finance Act 1990.
[^c23596011]: [S. 431B](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 20](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/20) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(2)-(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/2)(7)) ( with Sch. 36)
[^c22783381]: [S. 431C](https://www.legislation.gov.uk/ukpga/1988/1/section/431C) modified (with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 11](https://www.legislation.gov.uk/uksi/1995/1730/regulation/11) (as amended by: [S.I. 1996/1621](https://www.legislation.gov.uk/uksi/1996/1621), [regs. 1](https://www.legislation.gov.uk/uksi/1996/1621/regulation/1), [5](https://www.legislation.gov.uk/uksi/1996/1621/regulation/5); [S.I. 2003/2573](https://www.legislation.gov.uk/uksi/2003/2573), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2003/2573/regulation/10); [S.I. 2007/2087](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2087/regulation/6))
[^c22804931]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c23596121]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22804951]: [S. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c22806101]: Words in [s. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/1) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c22806141]: [S. 431D(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2) substituted for s. 431D(2)-(8) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/2) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c23596171]: [S. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23596131]: Words in [s. 431D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 176](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/176) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22804971]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [9](https://www.legislation.gov.uk/uksi/1998/1871/regulation/9)
[^c23599481]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [7](https://www.legislation.gov.uk/uksi/2004/2680/regulation/7); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22786001]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432): word in sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771521]: Source—1970 s.307
[^c22857411]: Words in [s. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794391]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (20.3.1997 with effect in accordance with reg. 8(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [8(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/8/2)
[^c23602111]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2005/2014/regulation/8) (and that modifying reg. 8 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2007/2134/regulation/8))
[^c22789521]: [S. 432(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432/2) repealed (with effect in accordance with s. 167(10), Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/1), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22807851]: Words in [s. 432ZA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/1)
[^c22807871]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/2)
[^c22811311]: Words in [s. 432ZA(2)(a)(b)(3)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/2/a/b/3/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/b)
[^c23607281]: Words in [s. 432ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/1) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 4(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/4/2)
[^c22771551]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (3.5.1994) by Finance Act 1994, (c. 9), s. 169, Sch. 18 para 1(4)
[^c22771561]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 6-8](https://www.legislation.gov.uk/uksi/1992/1655/regulation/6) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [7](https://www.legislation.gov.uk/uksi/1993/3111/regulation/7); and as further amended (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/1916/regulation/5))
[^c22857421]: [S. 432A(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/2)
[^c22857431]: Words in [s. 432A(5)(6)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5/6/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857451]: [S. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857461]: [S. 432A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771691]: [S. 432A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/10) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/a), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (8), Note
[^c22789591]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793961]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para 19](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/19)
[^c22794411]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1997/473/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/473/regulation/13) (as amended by: [S.I. 2000/2710](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2710/regulation/4); [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1](https://www.legislation.gov.uk/uksi/2001/3629/article/1), [157](https://www.legislation.gov.uk/uksi/2001/3629/article/157), [165](https://www.legislation.gov.uk/uksi/2001/3629/article/165); [S.I. 2001/3975](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [4](https://www.legislation.gov.uk/uksi/2001/3975/regulation/4); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [5](https://www.legislation.gov.uk/uksi/2003/23/regulation/5), [6](https://www.legislation.gov.uk/uksi/2003/23/regulation/6); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [8](https://www.legislation.gov.uk/uksi/2004/822/regulation/8), [9](https://www.legislation.gov.uk/uksi/2004/822/regulation/9); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/2005/regulation/6))
[^c22794451]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [10-12](https://www.legislation.gov.uk/uksi/1997/473/regulation/10)
[^c22804991]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [10](https://www.legislation.gov.uk/uksi/1998/1871/regulation/10)
[^c22789551]: [S. 432A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/d) substituted for s. 432A(2)(d)(e) (with effect in accordance with [s. 167(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/2)
[^c22806261]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3A/5) (as inserted (with effect in accordance with s. 109(10) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/8))
[^c22811141]: Words in [s. 432A(1)(a)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1/a/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/c)
[^c22811191]: Words in [s. 432A(2)(f)(8)(a)(b)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/f/8/a/b/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/c)
[^c22806161]: Words in [s. 432A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/a)
[^c22806181]: Words in [s. 432A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/a)
[^c22857471]: [S. 432A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/a)
[^c22806231]: [S. 432A(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A/9B) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/6)
[^c22813061]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 138(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/138/2/3)
[^c23603801]: Words in [s. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) substituted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 26](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/26)
[^c23603821]: [S. 432A(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9B) repealed (with effect in accordance with Sch. 43 Pt. 3(12), Note 1 of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23603841]: Words in [s. 432A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/2)
[^c23603861]: [S. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/3)
[^c23603901]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [8](https://www.legislation.gov.uk/uksi/2004/2680/regulation/8); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23603881]: Words in [s. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/4)
[^c23603931]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [9](https://www.legislation.gov.uk/uksi/2007/2134/regulation/9); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2008/1937/regulation/6))
[^c23603911]: Word in [s. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) substituted (with effect in accordance with [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/4/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/4/2)
[^c23604121]: Words in [s. 432A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/a)
[^c23604741]: Words in [s. 432A(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/i) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/b/i)
[^c23605001]: Words in [s. 432A(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/i) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/b/ii)
[^c23605251]: Word at the end of s. 432A(6)(a)(i) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/c)
[^c23605731]: [S. 432A(6)(a)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/ii/iii) substituted for s. 432A(6)(a)(ii) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/d)
[^c23605841]: Words in [s. 432A(6)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/b/ii) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(e)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/e)
[^c23605861]: [S. 432A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6A) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/3)
[^c23605881]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/a)
[^c23605901]: Word at the end of s. 432A(7)(a) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/b)
[^c23605921]: [S. 432A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/c)
[^c23605951]: [S. 432A(8)-(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted for s. 432A(8) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(5)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/5)
[^c23605971]: Words in [s. 432A(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9/b) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(6)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/6/a)
[^c23605991]: Words in [s. 432A(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9/b) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(6)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/6/b)
[^c23606011]: Words in [s. 432A(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8B) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [5](https://www.legislation.gov.uk/uksi/2006/3270/article/5)
[^c22771711]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 9](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [8](https://www.legislation.gov.uk/uksi/1993/3111/regulation/8))
[^c22771721]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [10](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10)
[^c22771731]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [9(1)](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9/1)
[^c22786291]: Words in [s. 432B(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1/2) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786071]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786091]: [S. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786361]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23613901]: Word in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 19(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/1)
[^c23613921]: [S. 432B(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 6(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/6/2)
[^c23613941]: [S. 432B(8)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8) substituted for s. 432B(8) (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(2)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/2)
[^c23613961]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "relevant fraction" inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(a)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/a)
[^c23613981]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in definition of "the section 83 net amount" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(b)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/b)
[^c23614001]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/i)
[^c23614021]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/ii)
[^c23614041]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (a) of definition of "shareholders' excess income" inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(d)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/d)
[^c23614061]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/i)
[^c23614081]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/ii)
[^c23614101]: Words in [s. 432B(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/i)
[^c23614121]: [S. 432B(11)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/ii)
[^c23614141]: [S. 432B(11)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iii)
[^c23614161]: Words in [s. 432B(11)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iv)
[^c23614181]: Words in [s. 432B(11)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/iii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(v)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/v)
[^c23614201]: Words in [s. 432B(11)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/i)
[^c23614221]: [S. 432B(11)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/ii)
[^c23614241]: Words in [s. 432B(11)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iii)
[^c23614261]: Words in [s. 432B(11)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/iii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iv)
[^c23614281]: Words in [s. 432B(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/i)
[^c23614301]: [S. 432B(11)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/ii)
[^c23614321]: Words in [s. 432B(11)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/iii)
[^c23614341]: [S. 432B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/12) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/5)
[^c23614401]: Words in [s. 432B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/b) repealed (with effect in accordance with Sch. 11 para. 1(2)(b) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/1/2/b), [Sch. 26 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/14), Note
[^c22771751]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771761]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 110](https://www.legislation.gov.uk/uksi/1992/1655/regulation/110)
[^c22805031]: [S. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [12](https://www.legislation.gov.uk/uksi/1998/1871/regulation/12)
[^c22786641]: Word in [s. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787721]: Words in [s. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 14(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787841]: Words in [s. 432C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/2) inserted (with effect in accordance with [Sch. 8 para. 55(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787741]: Words in [s. 432C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 14(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787801]: [S. 432C(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/5/a) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 14(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/5), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2 (with Sch. 8 para. 55(2))
[^c22787821]: [S. 432C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/6) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 14(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22807791]: Words in [s. 432C(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/b)
[^c22807801]: Words in [s. 432C(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/b)
[^c22865961]: [S. 432C(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/b)
[^c22807811]: Words in [s. 432C(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/5/b) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/7)
[^c23615071]: [S. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [10](https://www.legislation.gov.uk/uksi/2004/2680/regulation/10); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22771811]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22805071]: [S. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [12](https://www.legislation.gov.uk/uksi/1998/1871/regulation/12)
[^c22786651]: Words in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787861]: Words in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787881]: Words in [s. 432D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787901]: [S. 432D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/4) substituted for s. 432D(3) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22807831]: Words in [s. 432D(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/c)
[^c22807841]: Words in [s. 432D(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/c)
[^c22865981]: [S. 432D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/c)
[^c22811281]: Word in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(f)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/f)
[^c23615311]: [S. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [10](https://www.legislation.gov.uk/uksi/2004/2680/regulation/10); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23615261]: Words in [s. 432D](https://www.legislation.gov.uk/ukpga/1988/1/section/432D) inserted (with effect in accordance with [Sch. 33 para. 9(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/9/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 9(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/9/1)
[^c22771841]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22786121]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786151]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22786391]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786701]: Words in [s. 432E(3)(a)(b)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a/b/6/a) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771851]: *For orders see* Part III Vol.5 (*under* “*Life assurance apportionment of participating funds: applicable percentage*”).
[^c22786411]: Words in [s. 432E(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/5) inserted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22866001]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/1997/473/regulation/14) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [10](https://www.legislation.gov.uk/uksi/2004/822/regulation/10))
[^c22795741]: [S. 432E(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/6/b) and preceding word repealed (with effect in accordance with Sch. 3 para. 2(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/2/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23615391]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 33 para. 10(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/2)
[^c23615431]: [S. 432E(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/a) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615451]: Words in [s. 432E(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/b) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615411]: [S. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 33 para. 10(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/4)
[^c23615471]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) added (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3266/article/3/2)
[^c23615551]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2005/2014/regulation/12) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [12](https://www.legislation.gov.uk/uksi/2007/2134/regulation/12))
[^c23615491]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/a)
[^c23615511]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inerted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/b)
[^c23615531]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/3)
[^c23615561]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/2)
[^c23615581]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/3)
[^c22794531]: [S. 432F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/1997/473/regulation/15); and that modifying reg. 15 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 11](https://www.legislation.gov.uk/uksi/2004/822/regulation/11)
[^c22805921]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13A](https://www.legislation.gov.uk/uksi/1997/473/regulation/13A) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c22805011]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [11](https://www.legislation.gov.uk/uksi/1998/1871/regulation/11)
[^c23613561]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/2014/regulation/10) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2007/2134/regulation/11); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2008/1937/regulation/8))
[^c22811251]: Words in [s. 432AA(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/2/3/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/d)
[^c23613551]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [9](https://www.legislation.gov.uk/uksi/2004/2680/regulation/9); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811271]: Word in [s 432AA(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/d)
[^c22805941]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13B](https://www.legislation.gov.uk/uksi/1997/473/regulation/13B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c23613711]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2005/2014/regulation/11)
[^c23613691]: [S. 432AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 17(2)
[^c23601861]: [S. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 12](https://www.legislation.gov.uk/uksi/1995/1730/regulation/12) (as amended (13.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment) Regulations 2007 (S.I. 2007/2087)](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2007/2087/regulation/8))
[^c23602081]: [S. 431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2007/2134/regulation/7); and as amended by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [5](https://www.legislation.gov.uk/uksi/2008/1937/regulation/5))
[^c22771881]: [S. 434](https://www.legislation.gov.uk/ukpga/1988/1/section/434) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22787961]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/19/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788001]: [S. 434(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/2/7) repealed (with effect in accordance with Sch. 29 Pt. 8(5) Note 2 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22771941]: [S. 434(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/3A) substituted for s. 434(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/3/1)
[^c22772001]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/4)
[^c22772011]: Source—1970 s.310(6)
[^c22772021]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772031]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772061]: 1990 s.45(7).
[^c22772071]: Word at the end of s. 434(6A)(a) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5), [Sch. 26 pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22772081]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5)
[^c22795751]: [S. 434(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1) (with effect in accordance with [Sch. 3 para. 3(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 3(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/2)
[^c22795821]: [S. 434(1)(1A)(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1/1A/1C/1D) restricted by ([Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65](https://www.legislation.gov.uk/ukpga/1992/48/section/65) (as amended (31.7.1997) by ([Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 15](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/15))
[^c22795841]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) repealed (with effect in accordance with Sch. 6 para. 3(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22795881]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) repealed (with effect in accordance with Sch. 6 para. 6(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801461]: [S. 434(3)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/6/8) repealed (with effect in accordance with Sch. 3 para. 25(5)(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 25(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/25/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23635561]: Words in [s. 434(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3A) substituted (with effect in accordance with [Sch. 33 para. 12(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/2)
[^c23635581]: Words in [s. 434(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/b) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/a)
[^c23635601]: [S. 434(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/177), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22788031]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 20(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/20/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874051]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/a/2)
[^c22874131]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874121]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/3)
[^c22870371]: [S. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874071]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/b)
[^c22871451]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22796071]: [S. 434A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/1) repealed (with effect in accordance with Sch. 3 para. 4(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/4/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22874141]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/a)
[^c22807891]: Words in [s. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/b)
[^c23635731]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/b)
[^c23635771]: [S. 434A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/i) repealed (with effect in accordance with s. 38(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/4), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22772201]: Source—1970 s.312(1); 1970(F) Sch.5 Part III 11(3)
[^c22772211]: Words in [s. 436(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/1) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/1/a), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt.V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 3
[^c22772221]: Words in [s. 436(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/1/a) substituted (for accounting periods beginning on or after 1. 1. 1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/1/b), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22772231]: *See also* 1989 s.43—*certain Sch.D computations involving emoluments.*
[^c22772241]: Source—1970 s.312(2), 314(5); 1970(F) Sch.5 Part III 11(6)(a)(b); 1972 Sch.18 5(1)(a)
[^c22772251]: 1989 s.84*and* Sch.8 para.6*and, subject to* s.84(6)*deemed to have come into force on* 14*March* 1989.*Previously* “section 433”.
[^c22789841]: [S. 436(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/aa) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772271]: *Words repealed by* 1989 ss.87(4)*and* 187*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990. (See 1989 s.87(5)*in relation to straddling periods*).
[^c22772281]: Words in [s. 436(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/c) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/2/a), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18) Sch. 19 Pt. V, Note 3
[^c22772311]: Source—1970 s.312(3); 1970(F) Sch.5 Part III 11(3)
[^c22772321]: Words in [s. 436(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/4) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772331]: Source—1985 s.72(7)
[^c22794611]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/1997/473/regulation/19), [20](https://www.legislation.gov.uk/uksi/1997/473/regulation/20) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [12](https://www.legislation.gov.uk/uksi/2004/822/regulation/12), [14](https://www.legislation.gov.uk/uksi/2004/822/regulation/14))
[^c22789851]: [S. 436(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/aa) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/a), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c22805111]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [13](https://www.legislation.gov.uk/uksi/1998/1871/regulation/13)
[^c22805131]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 19A](https://www.legislation.gov.uk/uksi/1997/473/regulation/19A), [20A](https://www.legislation.gov.uk/uksi/1997/473/regulation/20A) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(3)(4)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/3/4), and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [13](https://www.legislation.gov.uk/uksi/2004/822/regulation/13), [15](https://www.legislation.gov.uk/uksi/2004/822/regulation/15))
[^c22796091]: [S. 436(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/d/e) repealed (with effect in accordance with Sch. 3 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/5/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23638571]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [11](https://www.legislation.gov.uk/uksi/2004/2680/regulation/11); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23637171]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13) (which modifying reg. 13 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [13](https://www.legislation.gov.uk/uksi/2007/2134/regulation/13))
[^c23636081]: Words in [s. 436(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/3/a)
[^c23636521]: Words in [s. 436(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c22783461]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 10A](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10A) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772351]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772361]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772371]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772381]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22788141]: [S. 437(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/6) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22794651]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/1997/473/regulation/21) ( as amended (31.12.1997) with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment No. 2) Regulations 1997 (S.I. 1997/2877)](https://www.legislation.gov.uk/uksi/1997/2877), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/2877/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/1997/2877/regulation/4))
[^c22874681]: [S. 437(1A)-(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1) (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/5), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22794021]: [S. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1A)(1B) (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/1)
[^c22794041]: Words in [s. 437(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c22794061]: [S. 437(1CA)-(1CD)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1CA) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c23648521]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/9)
[^c23648541]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 18
[^c23648621]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2005/2014/regulation/14)
[^c23648561]: Words in [s. 437(1C)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648601]: Word at the end of s. 437(1C)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648581]: [S. 437(1C)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/d) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22772391]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/5)
[^c22772401]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22772411]: Source—1970 s.314(1); 1970(F) Sch.5 Part III 11(3), (6)(c)
[^c22772421]: Source—1970 s.314(2)
[^c22772441]: [S. 438(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3AA) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/2)
[^c22772501]: 1990 s.45(9).
[^c22772511]: [S. 438(6B)-(6E)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/6B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/4)
[^c22788391]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22805151]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [14](https://www.legislation.gov.uk/uksi/1998/1871/regulation/14) (and as substituted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2075/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2075/regulation/4))
[^c22800601]: [S. 438(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3/3AA) repealed (with effect in accordance with Sch. 3 para. 6(7) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800821]: [S. 438(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/4) substituted (with effect in accordance with [Sch. 3 para. 6(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/3)
[^c22800631]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)-(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note (with Sch. 3 para. 13(17))
[^c22800771]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)(8), Sch. 8 Pt. 2(6) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22800781]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) repealed (with effect in accordance with Sch. 3 para. 6(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/6), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811361]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(e)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/e)
[^c23653041]: [S. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [12](https://www.legislation.gov.uk/uksi/2004/2680/regulation/12); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23652951]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/9/1/a)
[^c23652971]: [S. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note
[^c22772561]: 1990 s.41*and* Sch.6 para.7*on and after* 1*January* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “(1) This section applies where for any accounting period—(a) any division falls to be made between the pension business and any other kind of long-term business of an insurance company, and (b) any of the income or gains or losses of the company for that period relate to restricted government securities; and where this section applies section 431(3) shall have effect subject to the provisions of this section. (2) All income, gains or losses of the company which relate to restricted government securities shall be referred to its pension business. (3) Where the division of the other income, gains or losses of the company is made by reference to the liabilities at any time in the accounting period which are referable to pension business or to two or more kinds of business including pension business, those liabilities shall be treated as reduced by the appropriate amount. (4) In subsection (3) above “the appropriate amount” means—(a) in a case in which the total liabilities of the company at the time in question which are referable to long-term business are less than the market value at that time of the investments and deposits held by the company relating to all such business, such proportion of the market value of the restricted government securities held by the company at that time as those liabilities bear to the market value of those investments and deposits, and (b) in any other case, the market value of the restricted government securities at that time. (5) In this section— “long-term business” has the same meaning as in section 1(1) of the Insurance Companies Act 1982;”.
[^c22772571]: Source—1982 s.58(1), (3)
[^c22772581]: Source—1982 s.58(4)
[^c22772591]: Source—1982 s.58(5)
[^c22772601]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22772611]: Source—1982 s.58(6)
[^c22772621]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22789871]: Word at the end of s. 439B(3)(a) added (with effect in accordance with [Sch. 31 para. 10(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/10/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/2)
[^c22789891]: [S. 439B(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/b) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/b), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c22799881]: [S. 439B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/7) repealed (with effect in accordance with Sch. 3 para. 7(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/7/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23653111]: Words in [s. 439B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/a)
[^c23653131]: Words in [s. 439B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c23653151]: Words in [s. 439B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/6) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/9/1/b)
[^c22772631]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22789381]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg 10C](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10C) (as inserted (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772641]: [S. 440(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1) excluded (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/6/4)
[^c22772661]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 4](https://www.legislation.gov.uk/uksi/1995/171/regulation/4), [5](https://www.legislation.gov.uk/uksi/1995/171/regulation/5) (as amended (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [3](https://www.legislation.gov.uk/uksi/1997/472/regulation/3))
[^c22772681]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788831]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/5/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788861]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/57/1) of the amending Act) by Finance Act 1995, Sch. 8 para. 5(3), s. 55(2)
[^c22772751]: Words in [s. 440(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788881]: [S. 440(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/6) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794671]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/1997/473/regulation/22) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/1), [165(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/d); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [18](https://www.legislation.gov.uk/uksi/2004/822/regulation/18))
[^c22794691]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/1997/473/regulation/23) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/2)); and that modifying reg. 23 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 19](https://www.legislation.gov.uk/uksi/2004/822/regulation/19)
[^c22794871]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 4A(3) of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A(1)(2)(a)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A/1/2/a) (as inserted (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c22790111]: [S. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/25) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22794711]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending Regulations) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/1997/473/regulation/24), [25](https://www.legislation.gov.uk/uksi/1997/473/regulation/25); and that modifying reg. 25 is omitted (8.4.2004 with effect in accordance with regs. 1, 20(2) of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 20(1)](https://www.legislation.gov.uk/uksi/2004/822/regulation/20/1)
[^c22805171]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [15](https://www.legislation.gov.uk/uksi/1998/1871/regulation/15)
[^c22812611]: [S. 440(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2/a) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 28(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 28(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/28/1)
[^c22811381]: Words in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/g)
[^c22813141]: [S. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/5) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23653211]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2005/2014/regulation/16) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [16](https://www.legislation.gov.uk/uksi/2007/2134/regulation/16))
[^c23653171]: Words in [s. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/3) of the amending Act (which is amended (retrospectively) by FA 2005 (c. 7), Sch. 4 para. 50, Sch. 11 Pt. 2(7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 43](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/43)
[^c23653191]: Words in [s. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/3) of the amending Act (which is amended (retrospectively) by FA 2005 (c. 7), Sch. 4 para. 50, Sch. 11 Pt. 2(7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 70](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/70)
[^c23653221]: [S. 440(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/a) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [13](https://www.legislation.gov.uk/uksi/2004/2680/regulation/13); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22794751]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [26](https://www.legislation.gov.uk/uksi/1997/473/regulation/26), [27](https://www.legislation.gov.uk/uksi/1997/473/regulation/27); and that modifying reg. 27 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 21](https://www.legislation.gov.uk/uksi/2004/822/regulation/21)
[^c22788901]: [S. 440A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a) substituted for s. 440A(2)(a)(b) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772811]: *See* 1990 s.41*and* Sch.6 para.12(2)—subs.(d)*omitted for period* 1*January* 1990*to* 19*March* 1990*inclusive.*
[^c22772821]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772851]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772861]: Words in [s. 440A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22772871]: [S. 440A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788931]: [S. 440A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/7) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874781]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [14](https://www.legislation.gov.uk/uksi/1992/1655/regulation/14), [15](https://www.legislation.gov.uk/uksi/1992/1655/regulation/15) (as amended (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5))
[^c22874791]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [16](https://www.legislation.gov.uk/uksi/1992/1655/regulation/16) (as substituted (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/1993/3111/regulation/10))
[^c22805191]: [S. 440A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [16](https://www.legislation.gov.uk/uksi/1998/1871/regulation/16)
[^c22802301]: Words in [s. 440A(3)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/3/4/6) substituted (with effect in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/a)
[^c23653411]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2005/2014/regulation/17) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [17](https://www.legislation.gov.uk/uksi/2007/2134/regulation/17))
[^c23653421]: [S. 440A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [14](https://www.legislation.gov.uk/uksi/2004/2680/regulation/14); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811391]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/h)
[^c22790131]: [S. 440B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A) inserted (with effect in accordance with [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/1)
[^c22799901]: [S. 440B(1A)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A/2) repealed (with effect in accordance with Sch. 3 para. 8(4)(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 8(2)(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/8/2/3), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811401]: Words in [s. 440B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/i)
[^c22811411]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/g)
[^c22772901]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22788971]: Words in [s. 441(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/1) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/30), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22786221]: [S. 441(4)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/aa) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788991]: [S. 441(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/7) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2 (with Sch. 8 para. 55(2))
[^c22794791]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [28](https://www.legislation.gov.uk/uksi/1997/473/regulation/28) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [22](https://www.legislation.gov.uk/uksi/2004/822/regulation/22))
[^c22874931]: Word at the end of s. 441(4)(a) added (with effect in accordance with [Sch. 31 para. 10(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/10/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/2)
[^c22790161]: [S. 441(4)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/aa) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/c), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c23653971]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [18](https://www.legislation.gov.uk/uksi/2005/2014/regulation/18); and that modifying reg. 18 is omitted (14.8.2007 with effect in accordance with reg. 1(1)(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [reg. 18(a)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/a)
[^c23653941]: Words in [s. 441(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/1/2) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23653901]: Words in [s. 441(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/a)
[^c23653921]: Words in [s. 441(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c22802371]: [S. 441B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/441B/2A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 41](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/41) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22773031]: Source—1977 s.45(1)—(4); 1979(C) Sch.7
[^c22773051]: [S. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) excluded by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(8)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/8) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22773071]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(24)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/24) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22790191]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) repealed (with effect in accordance with [s. 164(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c23653981]: Words in [s. 442(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/1) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22789421]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) restricted (28.7.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [regs. 9](https://www.legislation.gov.uk/uksi/1995/1730/regulation/9), [10](https://www.legislation.gov.uk/uksi/1995/1730/regulation/10)
[^c22794811]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [29](https://www.legislation.gov.uk/uksi/1997/473/regulation/29)
[^c23654091]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2005/2014/regulation/19)
[^c23654031]: Words in [s. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) substituted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/2)
[^c23654051]: [S. 442A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/3A) inserted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/3)
[^c23654071]: Words in [s. 442A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/4) repealed (with effect in accordance with Sch. 33 para. 23(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/4), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 4
[^c22773131]: Source—1970 s.321(1)(b), (2)
[^c22773191]: Source—1970 s.322
[^c22794831]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [30](https://www.legislation.gov.uk/uksi/1997/473/regulation/30) (as amended (1.12.2001) by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [159](https://www.legislation.gov.uk/uksi/2001/3629/article/159)); and that modifying reg. 30 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 23](https://www.legislation.gov.uk/uksi/2004/822/regulation/23)
[^c22789101]: Words in [s. 444A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/a) inserted (with effect in accordance with [Sch. 9 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789081]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [s. 53(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/53/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/1/3/a)
[^c22789121]: Word in [s. 444A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/b) substituted (with effect in accordance with [s. 53(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/53/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/1/3/b)
[^c22786591]: [S. 444A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3A) inserted (with effect in accordance with [Sch. 8 para. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786611]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22773261]: Words in [s. 444A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(25)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/25) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22811621]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 29(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 29(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/29/1)
[^c22811421]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/h)
[^c23654131]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/2)
[^c23654151]: [S. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/3)
[^c23654171]: Words in [s. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/1)
[^c23654191]: [S. 444A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/2) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(2)
[^c23654211]: Words in [s. 444A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/4) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(3)
[^c23654231]: Word in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/2)
[^c22813021]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) modified (with effect in accordance with regs. 21A(5), 21B(3) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 21A](https://www.legislation.gov.uk/uksi/1997/473/regulation/21A), [21B](https://www.legislation.gov.uk/uksi/1997/473/regulation/21B) (as inserted (1.1.2002) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2001 (S.I. 2001/3975)](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [6](https://www.legislation.gov.uk/uksi/2001/3975/regulation/6)) (and as amended by: [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [7](https://www.legislation.gov.uk/uksi/2003/23/regulation/7); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [16](https://www.legislation.gov.uk/uksi/2004/822/regulation/16), [17](https://www.legislation.gov.uk/uksi/2004/822/regulation/17))
[^c22811371]: Words in [s. 438B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(f)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/f)
[^c23653101]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/2005/2014/regulation/15); and that modifying reg. 15 is omitted (14.8.2007 with effect in accordance with reg. 1(1)(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [reg. 15](https://www.legislation.gov.uk/uksi/2007/2134/regulation/15)
[^c23653071]: [S. 438B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/5/b) repealed (with effect in accordance with Sch. 33 para. 13(11) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(6)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/6/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 3
[^c23653051]: Words in [s. 438B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/5) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(6)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/6/b)
[^c23662061]: [S. 444AA(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA/7) inserted (with effect in accordance with [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/6/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/6/2)
[^c23680301]: [S. 444AB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/5/a) substituted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/2)
[^c23680961]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) inserted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/3)
[^c23680981]: Words in [s. 444AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/4)
[^c23694111]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/b)
[^c23694141]: Words in [s. 444AC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(3)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/3)
[^c23694241]: [S. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) heading substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/5)
[^c23694161]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/a)
[^c23694181]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/b)
[^c23694201]: [S. 444AC(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2A) inserted (with effect in accordance with [Sch. 9 para. 7(6)(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/3)
[^c23694221]: [S. 444AC(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/4) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/4)
[^c23694261]: Words in [s. 444AC(2B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/a) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/a)
[^c23694281]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) inserted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/b)
[^c23694301]: Words in [s. 444AC(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2C) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/3)
[^c23694331]: Words in [s. 444AC(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5/a) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/4)
[^c23694351]: [S. 444AC(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5A) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/5)
[^c23694371]: Words in [s. 444AC(2)(2A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/2A/5) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/a)
[^c23694411]: [S. 444AC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/3) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/b)
[^c23694791]: [S. 444AD(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/a) substituted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/1)
[^c23694831]: [S. 444AD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/6) inserted (with effect in accordance with [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/2)
[^c23694851]: Words in [s. 444AD(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/b) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [7](https://www.legislation.gov.uk/uksi/2006/3270/article/7)
[^c23690371]: Words in [s. 444ABA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/5)
[^c23642001]: [S. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 13A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2007/2134/regulation/14))
[^c23642011]: [S. 436A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/436A/3): "83ZA" substituted for "83AB" (with effect in accordance with [Sch. 9 para. 17(2)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/12); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635411]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9)
[^c21604391]: [S. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21604401]: Source—1970 s.324
[^c21604411]: Words in [s. 458(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/16)
[^c22804911]: [S. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 1](https://www.legislation.gov.uk/uksi/1999/498/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [7](https://www.legislation.gov.uk/uksi/1999/498/regulation/7)
[^c22790211]: Words in [s. 458(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/1) inserted (with effect in accordance with [Sch. 33 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 33 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22800031]: Words in [s. 548(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/2) repealed (with effect in accordance with Sch. 6 para. 7(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58). Sch. 6 para. 7(1), Sch. 8 Pt. 2(11), Note
[^c22790231]: [S. 458(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/3) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22812061]: [S. 458(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/3/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 31](https://www.legislation.gov.uk/uksi/2001/3629/article/31)
[^c22875571]: [S. 444BA](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) modified (23.12.1996 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)](https://www.legislation.gov.uk/uksi/1996/2991), [regs. 4-12](https://www.legislation.gov.uk/uksi/1996/2991/regulation/4)
[^c22811681]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c22811641]: Words in [s. 444BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/10) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/3)
[^c22811661]: [S. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/4)
[^c23710921]: Words in [s. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (with effect in accordance with [Sch. 9 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/2)
[^c22811781]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c23711001]: Words in [s. 444BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BB/3/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22798721]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22811831]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811791]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811851]: [S. 444BD(2)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/2/a/i) substituted for s. 444BD(2)(a)(i)(ii) (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/7)
[^c22811871]: Words in [s. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/a)
[^c22811891]: [S. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7): definition of "EC company" and preceding word repealed (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/b)
[^c21604431]: Source—1970 s.331
[^c21604441]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23712981]: Words in [s. 460(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3/b) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(5)(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/5/6)
[^c23715871]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) inserted (retrospectively for specified purposes, and otherwise with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/2), [6(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1/3)
[^c23715891]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21604881]: Source—1970 s.332(1). 1974 s.27(1)(a)
[^c21604891]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604901]: Source—1970 s.333(1)
[^c21604911]: Words in [s. 460(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/a); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604921]: [S. 460(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/aa) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/b); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604931]: Source—1970 s.332(2)(aa); 1987 (No.2) Sch.2 2(1)
[^c21604941]: Source—1970 s.332(2)(a); 1984 s.73(2); 1987 s.30(2)
[^c21604951]: [S. 460(2)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ai) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/3)
[^c21604961]: Words in [s. 460(2)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/i) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/4)
[^c21604971]: 1990 s.49(1)(a) Previously £100
[^c21604981]: 1990 s.49(1)(b).
[^c21604991]: Words in [s. 460(2)(c)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ia) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/5)
[^c21605001]: [S. 460(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ca) and word "and" substituted for word "and" by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(6)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/6)
[^c21605011]: Source—1970 s.332(2)(b)
[^c21605021]: Source—1970 s.332(3); 1987 s.30(3)
[^c21605041]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/a)
[^c21605051]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/b)
[^c21605061]: [S. 460(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(8)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/8)
[^c21605071]: Source—1970 s.332(4); 1975 (No.2) s.52(1); 1980 s.57(1)
[^c21605081]: Words in [s. 460(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/5) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605091]: Source—1970 s.332(5); 1975 (No.2) s.52(1); 1984 s.73(3)
[^c21605111]: Source—1970 s.332(6)—(9); 1975 (No.2) s.52(1)
[^c21605181]: 1990 s. 48 and Sch. 9 para. 6 in relation to transfers of business on or after 1 January 1990
[^c21605201]: Source—1970 s.332(10); 1976 s.48(1)
[^c21605211]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605251]: Source—1970 s.332(12)(a); 1976 s.48(1)
[^c22805211]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(5)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/5))
[^c22765081]: [S. 460(2)(c)(zai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/zai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/2)
[^c22765101]: Words in [s. 460(2)(c)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/3)
[^c22765121]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/4)
[^c22765151]: Words in [s. 460(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/5)
[^c22765171]: Words in [s. 460(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/6)
[^c22808971]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/1)
[^c23712991]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20); and that modifying reg. 20 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [18(b)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/b)
[^c22812121]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/2)
[^c22812141]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) inserted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/3)
[^c22812191]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/a)
[^c22812201]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/b)
[^c21605651]: Source—1970 s.332(1); 1974 s.27(1)(a)
[^c21605661]: Source—1974 s.27(2)
[^c21605671]: Source—1974 s.27(1)(b)
[^c21605681]: Source—1970 s.332(11), (12)(b); 1976 s.48(1)
[^c21605701]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605711]: Source—1974 s.27(3)—(7); 1985 s.41(10); 1987 Sch.15 6
[^c22808991]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch 25 para. 8(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/2)
[^c22812241]: Words in [s. 461(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/a)
[^c22812281]: Word in [s. 461(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/b)
[^c22812321]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/a)
[^c22886541]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/b)
[^c22812351]: Words in [s. 461(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2110/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/a)
[^c22812381]: Words in [s. 461(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/b)
[^c22812401]: [S. 461(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/5)
[^c22812421]: [S. 461(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/11) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/6)
[^c21605881]: Source—1970 s.336; 1985 Sch.10 Part II
[^c21605891]: Words in [s. 462(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9) par. 8(2) [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717861]: [S. 462(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/1/1A) substituted for s. 462(1) (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(2)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/2/6)
[^c23717881]: Words in [s. 462(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(3)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/3/6)
[^c23717901]: Words in [s. 462(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/3) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(4)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/4/6)
[^c21605981]: *See* 1990 s.50(1)—s.463*was renumbered as* s.463(1).
[^c21605991]: *For regulations see* Part III Vol.5 (*under* “*Friendly Societies*”).
[^c21606001]: Source—1970 s.335(1)
[^c21606011]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/10); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606021]: 1990 s.50(2).
[^c22790281]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) inserted (with effect in accordance with [s. 171(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/5)
[^c22811431]: Words in [s. 463(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/i)
[^c21606281]: [S. 464](https://www.legislation.gov.uk/ukpga/1988/1/section/464): power to amend conferred (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 162](https://www.legislation.gov.uk/ukpga/1993/48/section/162), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S. I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606291]: Source—FSA 1974 s.64(1), (2), (2A), (6); 1985 s.41(1), (2); 1984 s.73(5), (6); 1976/598; FSA 1984 s.2; 1987 s.30(4), (5), (7)
[^c21606301]: Words in [s. 464(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/1/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606321]: 1990 s.49(3), (4) Previously "Kingdom) contracts under which the total premiums payable in any period of 12 months exceed £100 unless all those contracts were entered into before 1st September 1987" and "limit" respectively
[^c21606331]: [S. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/2)
[^c21606341]: Words in [s. 464(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/a) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/3)
[^c21606361]: [S. 464(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/4)
[^c21606381]: [1969 c. 19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21606391]: Words in [s. 464(5)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/d/ii) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606401]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/4); [S. I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22765201]: [S. 464(3)(zza)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/zza) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/2)
[^c22765221]: Words in [s. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/3)
[^c22765241]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/4)
[^c22765261]: Words in [s. 464(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/5)
[^c23718001]: [S. 464(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/21) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21606451]: Source—1985 Sch.10 Part III
[^c21606461]: Words in [s. 465(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/3) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c21606471]: [S. 465(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/6) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.12](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12) ; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23718191]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "tax exempt life or endowment business" substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21606641]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606651]: Definition in s. 466(2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606661]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606671]: Definition of “registrar” in s. 466(2) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) APPENDIX
[^c21606681]: Words in [s. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606691]: Source—1970 s.337(4); 1985 s.41(7)(e)
[^c21606701]: Words in [s. 466(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14)(8; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2))
[^c21606711]: [S. 466(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/5) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(9)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22790301]: [S. 466(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted for s. 466(1) (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/1)
[^c22805251]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [17](https://www.legislation.gov.uk/uksi/1998/1871/regulation/17)
[^c22790321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "insurance company" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/a)
[^c22790341]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "long term business" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/b)
[^c22812631]: Words in [s. 466(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/a)
[^c22812651]: Words in [s. 466(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(b)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/b/i)
[^c22812671]: Words in [s. 466(1)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/d/ii) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(b)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/b/ii)
[^c23718211]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [15](https://www.legislation.gov.uk/uksi/2004/2680/regulation/15); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811461]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "long term business" substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/j)
[^c23718241]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "pension business" repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/2), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23718221]: [S. 466(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2A/2B) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/3) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/5)) (with Sch. 36)
[^c21605931]: [S. 462A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/9) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717941]: Word in [s. 462A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/8/b) substituted (retrospective to 1.1.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2007/11/section/45/5/6)
[^c22812441]: Word in [s. 461A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/2)
[^c22812461]: [S. 461A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/4) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/3)
[^c22809011]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) inserted (6.4.2001) by Finance Act 2001 (s. 9), s. 76, Sch. 25 para. 8(3)
[^c22812481]: Word in [s. 461B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/4/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 35](https://www.legislation.gov.uk/uksi/2001/3629/article/35)
[^c22811521]: Words in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/a)
[^c22811541]: Word in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/b)
[^c22811561]: Words in [s. 461C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/a)
[^c22811581]: Word in [s. 461C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/b)
[^c22811471]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/a)
[^c22811501]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 36(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/b)
[^c22811601]: [S. 461C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/4/5) substituted for s. 461C(4)-(7) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/5)
[^c21607151]: Source—1970 s.338(1)—(3); 1982 s.36(1); 1974 s.28(1)(b); 1987 s.31
[^c21607161]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/a),(6)
[^c21607171]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/b),(6)
[^c21607181]: *See* 1970 s.338*for amounts applicable in earlier years.*
[^c21607191]: 1988(F) s.35*and* Sch.3 para.17*for chargeable period beginning on or after* 6*April* 1990.*Previously* “wife”.
[^c21607211]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(3)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/3/6)
[^c21607221]: [S. 467(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/4)
[^c21607231]: *See* [Employment Protection Act 1975 (c.71)](https://www.legislation.gov.uk/ukpga/1975/71) ss.7, 125(1)*and* Sch.16 Part III para.1—*list now maintained by the Certification Officer.*
[^c21607241]: Source—1974 s.28(1)(a)
[^c21607251]: Words in [s. 467(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a/b) substituted (*retrospectively*) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(5)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/5/a),(7)
[^c21607261]: Words in [s. 467(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(a)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/a)
[^c21607291]: Words in [s. 467(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/b) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(b)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/b)
[^c21607301]: [S. 467(4)(ba)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/ba/bb) substituted (1.7.1992) for s. 467(4)(ba) by [S.I. 1992/808](https://www.legislation.gov.uk/uksi/1992/808), [art. 2](https://www.legislation.gov.uk/uksi/1992/808/article/2); [S.R. 1992/212](https://www.legislation.gov.uk/nisr/1992/212), [art. 2(2)(a)](https://www.legislation.gov.uk/nisr/1992/212/article/2/2/a)
[^c21607311]: Source—1977 s.47
[^c23718681]: Words in [s. 467(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [74](https://www.legislation.gov.uk/uksi/2005/3229/regulation/74)
[^c23718701]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 23](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/23) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21607361]: Source—1970 ss.354, 358; 1980 s.60; 1987 s.38, 40(1); 1987 (No.2) s.40(1)
[^c21607371]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/3/4)
[^c21607391]: *Definition employed for the purposes of* s.46(7)—*insurance companies: annual deemed disposal of holdings of unit trusts etc.*
[^c22753271]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/2)
[^c22753241]: [S. 468(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/2) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/3), [Sch. 25 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/part/5/13), Note
[^c22753291]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/4)
[^c22753311]: Words in [s. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6) inserted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/1)
[^c22753251]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "distribution period" repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/5), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c22753331]: [S. 468(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/7) added (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/2)
[^c22795581]: [S. 468](https://www.legislation.gov.uk/ukpga/1988/1/section/468) modified (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (S.I 1997/1154), regs. 1, 9, 10 (as amended (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 166](https://www.legislation.gov.uk/uksi/2001/3629/article/166))
[^c22790421]: [S. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with Sch. 6 paras. 10(2), 28 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/10/1)
[^c22812931]: Words in [s. 468(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6/8) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/3); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23718901]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c23718921]: [S. 468(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/4) repealed (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 20
[^c23718941]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) substituted (1.4.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [88(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/88/2)
[^c23718961]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/4)
[^c23719081]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/5)
[^c21607811]: Source—1977 s.46; 1979(C) Sch.7
[^c21607821]: Words in 473(2)(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607861]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607891]: Words in [s. 473(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22791881]: [S. 473(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/5) repealed (with effect in accordance with s. 164(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c22801601]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22813241]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 67(4)(a) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/a), [Sch. 40 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/8), Note
[^c22813261]: Words in [s. 473(2)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/a/7) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/b)
[^c22813291]: Word in [s. 473(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/b) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/c)
[^c22813311]: [S. 473(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2A/2B) inserted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/2)
[^c22813331]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/8/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/4)
[^c23722001]: Words in [s. 473(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/1/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22765351]: Words in [s. 475(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/a) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/1/b), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22792021]: [S. 475(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/1) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/1)
[^c22792071]: [S. 475(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792041]: Words in [s. 475(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/3/8) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/2)
[^c22792091]: Words in [s. 475(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/4) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22791951]: Words in [s. 475(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/5) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22791971]: [S. 475(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/6/7) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22792001]: Words in [s. 475(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/8) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23721961]: Word in [s. 472A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721981]: Word in [s. 472A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791661]: [S. 469](https://www.legislation.gov.uk/ukpga/1988/1/section/469) extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(1)(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/1/2)
[^c22794141]: Source—1970 s.354A; 1987 s.39; 1987 (No.2) s.40(1)
[^c22794151]: Words in [s. 469(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/a) substituted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/a)
[^c22794161]: [S. 469(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/b) and preceding word repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794181]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/12)
[^c22794191]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794201]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 71](https://www.legislation.gov.uk/ukpga/1988/39/section/71)
[^c22794211]: Words in [s. 469(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/5)
[^c22794221]: [S. 469(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6A) inserted (with effect in accordance with s. [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/b)
[^c22794231]: For regulations see Part III Vol. 5
[^c22794251]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/5)
[^c22801201]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) substituted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/2)
[^c22801241]: [S. 469(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A/2B) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/3)
[^c22801261]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/4)
[^c22809831]: Words in [s. 469(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/7) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/4); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23721401]: Words in [s. 469(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721421]: [S. 469(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721461]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721481]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721441]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803991]: [1982 c.53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c23721321]: Words in [s. 469A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1/c) substituted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/2)
[^c23721341]: [S. 469A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1A) inserted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/3)
[^c23721361]: Words in [s. 469A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/2) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c23721381]: [S. 469A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/3) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c21608291]: *See* 1990 Sch.5 para.16(1), (2), (3)—*regulations may also require building societies to account for tax on transitional sums.*
[^c21608301]: [S. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/2)
[^c21608311]: Words in [s. 477A(1A)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A/3A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c21608341]: [S. 477A(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/2/3)
[^c21608361]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/3)
[^c21608371]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "qualifying deposit right" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22792111]: Word in [s. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) substituted (with effect in accordance with [Sch. 38 para. 6(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(g)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/g)
[^c22792121]: [S. 477A(3)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a/aa) substituted for s. 477A(3)(a) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21608331]: *See* 1990 Sch.5 para.16(1), (4), (5)—*for the year* 1991-92,*the words from* “actual” *to the end of the paragraph are replaced by* “appropriate amount”;*and the following subs. is inserted after* subs.(3):— “(3A) In subsection (3)(a) above the reference to the appropriate amount is to the actual amount paid or credited in the accounting period of any such dividends or interest together with—(a) in the case of dividends or interest paid or credited in the year 1990-91, any amount accounted for and paid by the society in respect thereof as representing income tax, and (b) in the case of dividends or interest paid or credited in the year 1991-92, any amount of income tax accounted for and paid by the society in respect thereof.”
[^c22792141]: [S. 477(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/3A) repealed with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22804151]: [S. 477(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/8) repealed (with effect in accordance with s. 38(3)(4) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 4
[^c22807981]: [S. 477A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/2A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/4)
[^c22813351]: Words in [s. 477A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/2)
[^c22813371]: Words in [s. 477A(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/3)
[^c23722331]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2) para,. 5
[^c23722221]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722241]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722281]: [S. 477A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/5/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722311]: Words in [s. 477A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/9) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722261]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "certified SAYE savings arrangement" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723841]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c21608521]: *See* S.I. [1990 No. 2232](https://www.legislation.gov.uk/ukcm/1990/2232).
[^c23723851]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c21608861]: 1990 s. 30 and Sch. 5 para. 8(2)
[^c21608881]: 1990 s. 30 and Sch. 5 para. 8(3) as regards interest paid or credited on or after 6 April 1991
[^c21608931]: Source—1984 Sch.8 3(1)-(3); 1985 s.38(3), (4)
[^c21608941]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21608951]: Words in [s. 481(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/f) substituted (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21608961]: [S. 481(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c21608971]: Source—1984 Sch.8 3A(1); 1985 s.38(7)
[^c21608981]: 1990 s. 30 and Sch. 5 para. 8(4)
[^c22765401]: [S. 481(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4/d) and word inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/1) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765441]: Words in [s. 481(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/1) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765421]: [S. 481(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4A) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/2) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765541]: Word in [s. 481(5)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k) repealed (with effect in accordance with s. 86(10) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/a), [Sch. 29 Pt. 8(11)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/11), Note
[^c22765461]: Words in [s. 481(5)(k)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/i) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/b) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765481]: Word in s. s. 481(5)(k)(ii) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(c)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/c) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765501]: [S. 481(5)(k)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/iii) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(d)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/d) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765521]: [S. 481(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5B) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/4) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22794261]: Words in [s. 481(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4A) repealed (with effect in accordance with Sch. 7 para. 12(4) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/7), Note 1
[^c22808611]: [S. 481(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/c) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [art. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22812771]: [S. 481(2)(b)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/b/ba) substituted for s. 481(2)(b) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 39(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/39/2)
[^c22812811]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22812821]: [1979 c. 37](https://www.legislation.gov.uk/ukpga/1979/37); [section 48(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/48/3) was repealed, together with other sections, by section 108(2) of, and Part 1 of Schedule 7 to, the [Banking Act 1987 (c. 22)](https://www.legislation.gov.uk/ukpga/1987/22).
[^c22812791]: [S. 481(5)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/g) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 39(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/39/3)
[^c23723861]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c23723691]: Words in [s. 481(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/1) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723581]: Words in [s. 481(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723701]: [S. 481(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/d/e) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 8(3)(5)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/8/3/5), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723601]: Words in [s. 481(5A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723621]: Words in [s. 481(5A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723641]: Words in [s. 481(5A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/b/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723661]: Words in [s. 481(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723891]: Words in [s. 481(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4/4A) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 14(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/14/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23723931]: Words in [s. 481(5)(k)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/iii) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 14(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/14/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21609001]: Source—1984 Sch. 8 1(2)
[^c21609021]: Source—1984 Sch.8 3(4), (4A); 1985 s.38(5)
[^c21609031]: Source—1984 Sch.8 3(5)-(9); 1985 s.38(6); [1986 No.771](https://www.legislation.gov.uk/ukcm/1986/771)
[^c21609041]: See 1990 s. 30 and Sch. 5 para. 9(2)(6)— words "less than seven days" replaced by "more than 5 years" as regards interest paid or credited on or after 6 April 1991
[^c21609051]: See 1990 s. 30 and Sch. 5 para. 9(3)(6)— sub (a) replaced by the following as regards interest paid or credited on or after 6 April1991:— "(a) require repayment of the deposit at a specified time falling before the end of the period of five years beginning with the date on which the deposit is made;"
[^c21609071]: Source—1984 Sch.8 6(2)
[^c21609081]: Source—1984 Sch.8 6(3)
[^c21609091]: Source—1984 Sch.8 2(2); 1985 s.38(2)
[^c21609111]: 1990 s. 30 and Sch. 5 para. 9(4)
[^c21609121]: 1990 s. 30 and Sch.5 para.9(5)
[^c21609131]: Source—1984 Sch.8 3A(3); 1985 s.38(7)
[^c22765561]: [S. 482(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/2/a) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/5) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765581]: [S. 482(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/5A) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/6) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765601]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/7) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765621]: [S. 482(11)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/11/ab) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/8) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22808001]: [S. 482(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/2A) inserted (with effect in accordance with [s. 111(6)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/c) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/3/a)
[^c22806041]: [S. 482(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/11/a) repealed (with effect in accordance with s. 111(6)(c) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/3/b), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 3
[^c23723871]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c23723811]: Words in [s. 482(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/1) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723711]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723731]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): definition of "certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723751]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): words in definition of "qualifying certificate of deposit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723771]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): definition of "uncertificated eligible debt security units" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723821]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723791]: Words in [s. 482(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609341]: Source—1970 s.340, 345; CUA 1979 s.25(2)
[^c21609351]: *See* 1988(F) Sch.8 para.1—*re-basing to* 1982.
[^c22789441]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded (with effect in accordance with s. 131(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1/2/b)
[^c21609361]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609371]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792221]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792241]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792261]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 117A(7)(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117A/7/8/b), [117B(5)(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117B/5/6/b) (as inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/62) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c22802471]: Words in [s. 486(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/10) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22813041]: Words in [s. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12) substituted (27.3.2002) by [The Ministry of Agriculture, Fisheries and Food (Dissolution) Order 2002 (S.I. 2002/794)](https://www.legislation.gov.uk/uksi/2002/794), [art. 1(2)](https://www.legislation.gov.uk/uksi/2002/794/article/1/2), [Sch. 1 para. 31](https://www.legislation.gov.uk/uksi/2002/794/schedule/1/paragraph/31)
[^c23723951]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723971]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723991]: Words in [s. 486(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724011]: [S. 486(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609381]: Source—1970 s.340A; CUA 1979 s.25(1)
[^c21609391]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609401]: [S.I. 1985/1205](https://www.legislation.gov.uk/uksi/1985/1205) (N.I. 12.).
[^c22792281]: [S. 487(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/1/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792301]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792321]: Word in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792341]: [S. 487(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22808631]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/40)
[^c23724211]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23724231]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 22
[^c21609491]: Source—1970 s.341; 1972 Sch.11 6
[^c21609511]: *See reference to approved housing associations in* 1988(F) s.43(3)*and* 44.
[^c21609521]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609531]: [1969 c.24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c21609541]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609551]: Words in [s. 488(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6) substituted (15.9.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1992/1725/article/1/2), [107](https://www.legislation.gov.uk/nisi/1992/1725/article/107), [Sch. 8 para. 5](https://www.legislation.gov.uk/nisi/1992/1725/schedule/8/paragraph/5)
[^c21609561]: [S.I. 1979/1573](https://www.legislation.gov.uk/uksi/1979/1573) (N.I.12.).
[^c22792821]: [S. 488(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/2)
[^c22792831]: Words in [s. 488(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/10) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/3)
[^c22792851]: [S. 488(11)(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11/11A) substituted for s. 488(11) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/4)
[^c22793891]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/2); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22805841]: [S. 488](https://www.legislation.gov.uk/ukpga/1988/1/section/488): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c22801651]: [S. 488(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/3) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22802521]: Words in [s. 488(11A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/uksi/1998/3173/section/117/4/5) of the amending Act) by Finance Act 1998 (c, 36), Sch. 19 para. 48(2)(a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802541]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/48/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22803931]: [S. 488(7A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 56](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/56), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22804761]: Words in [s. 488(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/b) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/a)
[^c22804171]: [S. 488(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/c) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804201]: [S. 488(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/2/b) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804221]: Words in [s. 488(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/4) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by Finance Act 1999 (c, 16), Sch. 4 para. 15(4), Sch. 20 Pt. 3(7), Note 2
[^c22804781]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/5)
[^c22804241]: [S. 488(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/12) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c23724271]: Words in [s. 488(6)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6/iii) substituted (29.7.2004) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 2004 (S.I. 2004/2030)](https://www.legislation.gov.uk/uksi/2004/2030), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2004/2030/article/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2030/article/5)
[^c23724291]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c21609571]: See 1976(D)—*exemption of certain housing associations from development land tax.* 1976(D)*repealed from* 19*March* 1985.
[^c21609581]: Source—1970 s.341A
[^c21609591]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609601]: *See reference to approved self-build societies in* 1988(F) s.43(3)*and* s.44.
[^c21609611]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609621]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21609631]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609641]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792891]: [S. 489(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/2)
[^c22792901]: Words in [s. 489(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/3)
[^c22792921]: [S. 489(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9/9A) substituted for s. 489(9) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/4)
[^c22793871]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/3); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22802631]: Words in [s. 489(9A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802611]: Word in [s. 489(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22805861]: [S. 489](https://www.legislation.gov.uk/ukpga/1988/1/section/489): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c23724301]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c22803961]: [S. 489(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 57](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/57), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c21609651]: [S. 490](https://www.legislation.gov.uk/ukpga/1988/1/section/490) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21609661]: Source—1970 s.346
[^c22794281]: Words in [s. 490(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/2) repealed (with effect in accordance with Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22800441]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800481]: Words in [s. 490(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/4) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800501]: [S. 490(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/5) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801671]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 3 para. 28(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 28(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/28/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21609671]: Source—1970 s.347
[^c21609681]: *See* 1988(F) Sch.14 Part V—*repeal of* (b)*from* 6*April* 1993.
[^c22802651]: Words in [s. 491(3)(4)(5)(6)(8)(b)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/4/5/6/8/b/11) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23724371]: Words in [s. 491(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724391]: Words in [s. 491(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724411]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724451]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724491]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724511]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724531]: Words in [s. 491(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724551]: [S. 491(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724571]: Words in [s. 491(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/10/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21608401]: Words in [s. 477B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(28)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/28) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22813391]: [S. 477B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 48](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/48)
[^c21609721]: [S. 492(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1/a/b) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 198(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/198/5/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609741]: Words in [s. 492(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17)
[^c22808671]: Words in [s. 492(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/1)
[^c22808691]: Words in [s. 492(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/2)
[^c22808711]: Words in [s. 492(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/3)
[^c23726061]: Words in [s. 492(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726081]: Words in [s. 492(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726101]: Words in [s. 492(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726121]: Words in [s. 492(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726141]: Words in [s. 492(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802721]: [S. 493(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/6) inserted (with effect in accordance with [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3)
[^c23726241]: Words in [s. 493(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 191](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/191) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726281]: [S. 493(A1)-(A3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/A1) inserted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/2)
[^c23726341]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/a)
[^c23726301]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/b)
[^c23726261]: [S. 493(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1A) inserted (with effect in accordance with [s. 151(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 151(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/1)
[^c23726361]: Words in [s. 493(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/4)
[^c23726381]: Words in [s. 493(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/3) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/5)
[^c23726401]: Words in [s. 493(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/4/b) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/6)
[^c23726321]: [S. 493(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/5) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/7)
[^c22792941]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792961]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792981]: [S. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793021]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) substituted for s. 494(4) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch 14 para. 32(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22801691]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22813411]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813431]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) renumbered as s. 494(2)(c)(i) (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813451]: [S. 494(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c/ii) and words inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/c) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813521]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/5) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813541]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813561]: [S. 494(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2ZA) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/7) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813581]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813601]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813621]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813641]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813661]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813681]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/9) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c23726731]: Word at the end of s. 494(2)(b) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/a)
[^c23726751]: [S. 494(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/d) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726771]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/c), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726791]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/3), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726831]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23726851]: [S. 494(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21609771]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39)
[^c22808851]: Words in [s. 495(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/1)
[^c22808871]: Words in [s. 495(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/2)
[^c22808891]: Words in [s. 495(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/3)
[^c23727621]: Words in [s. 495(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609801]: [1983 c. 56](https://www.legislation.gov.uk/ukpga/1983/56).
[^c23728561]: Words in [s. 496(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/a) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/2)
[^c23728581]: Words in [s. 496(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/2) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/3)
[^c23728601]: Words in [s. 496(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/a)
[^c23728621]: Words in [s. 496(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3/b) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/b)
[^c23728661]: Words in [s. 496(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 193](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/193) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891131]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(a)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/a)
[^c22891151]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) substituted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(b)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/b)
[^c22891171]: [S. 500(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/5) substituted for s. 500(5) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/2)
[^c22891211]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): definition of "ring fence trade" added by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/3)
[^c21609931]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c21609941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28)
[^c21609951]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" repealed (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 55(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/a/2), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21609961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 55(1)(b)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/b/2)
[^c21609971]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence profits" substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609981]: [S. 502(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1A) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [300(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/300/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609991]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22805961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil" substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/25), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/161/article/2/1)
[^c22808081]: [S. 502(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/3A) substituted for words in s. 502(3) (with effect in accordance with [Sch. 27 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/9)
[^c23728921]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23728941]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23727051]: [S. 494A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/2/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23727081]: [S. 494A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/3/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22804821]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22813711]: Words in [s. 494AA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22813741]: [S. 494AA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/b) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23727121]: Word at the end of s. 494AA(2)(a) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/2)
[^c23727141]: [S. 494AA(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/c) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/3)
[^c23727161]: [S. 494AA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/6): definition of "long funding operating lease" inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/4)
[^c22813771]: Words in [s. 501A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/a) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/2) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813791]: [S. 501A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/b) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813811]: [S. 501A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/c) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/8) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23728721]: [S. 501A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/10/b) substituted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 23](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/23)
[^c23728781]: Words in [s. 501A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/1) substituted (with effect in accordance with [s. 152(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 152(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/1)
[^c23728741]: [S. 501A(5)(dd)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/dd) substituted for word at the end of s. 501A(5)(d) (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/2)
[^c23728761]: [S. 501A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/11) inserted (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/3)
[^c22808911]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 249(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/249/2) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22813931]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 32(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/32/4)
[^c23729751]: Words in [s. 503(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729871]: Words in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729771]: Word in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729791]: Words in [s. 503(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729891]: [S. 503(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729811]: Words in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729831]: Word in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610111]: [S. 504](https://www.legislation.gov.uk/ukpga/1988/1/section/504) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 241(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/241/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610121]: Source—1984 s.50(2)-(9)
[^c22793081]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/2)
[^c22793111]: [S. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/3)
[^c23730081]: [S. 504(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730101]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729961]: Word in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730121]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729981]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730001]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730021]: Words in [s. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730171]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730191]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730221]: Words in [s. 504(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730041]: Words in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730061]: Word in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22754471]: [S. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 171](https://www.legislation.gov.uk/ukpga/1994/9/section/171)
[^c21610191]: Source—1970 s.360(1)
[^c21610201]: *Repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21610221]: Source—1986 s.30(1)
[^c22789231]: [S. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (with effect in accordance with [s. 138(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 138(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/1)
[^c22789271]: [1976 c. 32](https://www.legislation.gov.uk/ukpga/1976/32).
[^c22789281]: [S.I. 1985/1204 (N.I.11)](https://www.legislation.gov.uk/nisi/1985/1204).
[^c22793141]: [S. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) substituted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/2)
[^c22793191]: [S. 505(1)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/i) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/1), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793161]: [S. 505(1)(c)(ii)-(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) substituted for s. 505(1)(c)(ii) (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/3)
[^c22793231]: [S. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793271]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/4)
[^c22793281]: [S. 505(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para 19(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22813951]: [S. 505(1)(c)(iic)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iic) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/3)
[^c23730241]: Words in [s. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730261]: Words in [s. 505(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730441]: Words in [s. 505(1)(c)(iia)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iia) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730281]: [S. 505(1)(c)(iiaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730301]: Words in [s. 505(1)(c)(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iib) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730321]: Words in [s. 505(1)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730341]: Words in [s. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730361]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(h)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/h) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730381]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730401]: [S. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730421]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730481]: [S. 505(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B) inserted (with effect in accordance with [s. 56(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/1)
[^c23730461]: [S. 505(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/3) substituted for s. 505(3)-(8) (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/1)
[^c21610281]: *Definition employed for purposes of*:1990 s.25—*donation to charity by individuals.*1990 s.56*and* Sch.10 para.21—*exemption for convertible securities held by charities.*1990 s.94(1)—*inspection powers* (*definition extended to cover bodies mentioned in* sections 507*and* 508).
[^c21610291]: Source—1970 s.360(3); 1986 s.31(1)(a), (c), Sch.7 1(1)
[^c21610301]: Source—1986 Sch.7 1(2), (3)
[^c21610311]: Source—1986 s.31(4)-(6)
[^c23731331]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable expenditure" substituted for definitions of "qualifying expenditure" and "non-qualifying expenditure" (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/a)
[^c23731431]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/b), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731351]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/c)
[^c23731371]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/d)
[^c23731391]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/e)
[^c23731451]: [S. 506(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/6) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/f), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c21610431]: *See*1989 s.59—*these bodies treated as established for charitable purposes for purposes of* s.59 (*covenanted subscriptions*).1990 s.25—*donations to charity by individuals.*
[^c21610441]: Source—1980 s.118(1); 1983 s.46(1)
[^c21610451]: 1989 s.60(1)*in relation to accounting periods ending on or after* 14*March* 1989.
[^c21610461]: Words in [s. 507(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/d) substituted (1.9.1992) by [Museums and Galleries Act 1992 (c. 44)](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 para. 1(8)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/paragraph/1/8); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art. 2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c21610471]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) inserted (1.11.1992) by [S.I. 1992/2383](https://www.legislation.gov.uk/uksi/1992/2383), [reg. 2(2)](https://www.legislation.gov.uk/uksi/1992/2383/regulation/2/2), [Sch. para.11](https://www.legislation.gov.uk/uksi/1992/2383/schedule/paragraph/11)
[^c21610491]: *Repealed by* 1989 ss.60(1)*and* 187*and* Sch.17 Part IV*in relation to accounting periods ending on or after* 14*March* 1989.
[^c22802761]: [S. 507(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/f) inserted (2.7.1998) by [National Lottery Act 1998 (c. 22)](https://www.legislation.gov.uk/ukpga/1998/22), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1998/22/section/24/1), [27(4)(b)](https://www.legislation.gov.uk/ukpga/1998/22/section/27/4/b)
[^c22804261]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) omitted (19.4.1999) by virtue of The United Kingdom Ecolabelling Board (Abolition) Regulations 1999 (S.I 1999/931), regs. 1, 9
[^c21610501]: Source—1970 s.362
[^c23732311]: [S. 508(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1/a) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/2)
[^c23732331]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/3)
[^c23732351]: [S. 508(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1A/1B) inserted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/4)
[^c23732371]: [S. 508(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/3/4) substituted for s. 508(3) (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/5)
[^c21610511]: [S. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) extended (with modifications) (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 23](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/23)
[^c21610521]: Source—1970 s.348; 1971 s.28(1)
[^c22802781]: Words in [s. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21610531]: Source—1970 s.361
[^c21610551]: Source—O.J. No. L199/1.
[^c22789291]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22789311]: [S. 510A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/7/8) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22813971]: Words in [s. 510A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/2)
[^c22813991]: Words in [s. 510A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/3)
[^c22814011]: [S. 510A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/4)
[^c21610681]: *See* ss.89*and* 90*and* Sch.11 Electricity Act 1989*in connection with electricity industry privatisation; and see* s.112*and* Sch.18 Electricity Act 1989*for changes to* s.511*from a day to be appointed.*
[^c21610691]: Source—1970 s.350(3)
[^c21610701]: [1948 c. 67](https://www.legislation.gov.uk/ukpga/1948/67).
[^c21610771]: Source—1973 s.36(1)
[^c21610781]: [1980 c.60](https://www.legislation.gov.uk/ukpga/1980/60).
[^c21610791]: [1980 c.34](https://www.legislation.gov.uk/ukpga/1980/34).
[^c21610801]: Source—1980 s.119(1)-(3)
[^c21610811]: Words in [s. 513(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/513/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(32)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/32) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610841]: Source—1980 s.63
[^c21610851]: Source—1970 s.370
[^c21610861]: *For Orders in Council see* Part III Vol.5.
[^c22793821]: Words in [s. 516(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/516/1) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/21/1)
[^c22793841]: Words in [s. 516(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/516/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/21/2)
[^c21610871]: Source—1970 s.371
[^c21610881]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c21610931]: Source—1970 s.352(1)-(6); 1971 Sch.8 16; 1986 s.56(7)(a), Sch.13 2(5)(a)
[^c21610941]: Words in [s. 518(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/1)
[^c21610951]: [S. 518(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/6) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21610961]: Source—1970 s.352(8), (9)
[^c21610971]: Source—1970 s.352(11)
[^c21610981]: [1964 c. 40](https://www.legislation.gov.uk/ukpga/1964/40).
[^c22808931]: Words in [s. 518(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/43)
[^c22807771]: [S. 519](https://www.legislation.gov.uk/ukpga/1988/1/section/519) extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1/2/a), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2) (with [s. 157(4)](https://www.legislation.gov.uk/ukpga/1999/29/section/157/4)); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c21610991]: Source—1970 s.353(1), (4)
[^c21611001]: Definition applied for purposes of—1979(C) s.149B(3)—*miscellaneous exemptions.*1988 s.832(1)—*interpretation of Tax Acts.*
[^c21611021]: Subs.(4)*repealed by* 1990 s.127*and* Sch.18 para.5(2)*and* 132*and* Sch.19 Part IV*on and after* 1*April* 1990.
[^c21611051]: Word in [s. 519A(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/g) repealed by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c21611061]: [S. 519A(2)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/i) (j) (k) added by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c22789341]: [S. 519A(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a/aa) substituted for s. 519A(2)(a) (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(a)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22789361]: [S. 519A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/c) repealed (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(b)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/1995/17/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22809081]: [S. 519A(2)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/ab) inserted (1.4.2000 for E.W. and 11.5.2001 otherwise) by [Health Act 1999 (c. 8)](https://www.legislation.gov.uk/ukpga/1999/8), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1999/8/section/67/1), [Sch. 4 para. 73](https://www.legislation.gov.uk/ukpga/1999/8/schedule/4/paragraph/73); [S.I. 1999/2342](https://www.legislation.gov.uk/uksi/1999/2342), [art. 2(4)(b)(i)](https://www.legislation.gov.uk/uksi/1999/2342/article/2/4/b/i); [S.I. 2001/1985](https://www.legislation.gov.uk/uksi/2001/1985), [art. 2(4)](https://www.legislation.gov.uk/uksi/2001/1985/article/2/4)
[^c22892951]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.10.2002) by [The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002 (S.I. 2002/2469)](https://www.legislation.gov.uk/uksi/2002/2469), [reg. 1](https://www.legislation.gov.uk/uksi/2002/2469/regulation/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/2002/2469/schedule/1/paragraph/14)
[^c22814041]: [S. 519A(2)(aba)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aba) inserted (10.10.2002 for W., otherwise prosp.) by [National Health Service Reform and Health Care Professions Act 2002 (c. 17)](https://www.legislation.gov.uk/ukpga/2002/17), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2002/17/section/42/3), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/2002/17/schedule/5/paragraph/27); [S.I. 2005/2352](https://www.legislation.gov.uk/uksi/2005/2352), [art. 2](https://www.legislation.gov.uk/uksi/2005/2352/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/2352/schedule)
[^c23732651]: [S. 519A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/bb) inserted (1.4.2004) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 33(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/33/1), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1); [S.I. 2004/759](https://www.legislation.gov.uk/uksi/2004/759), [art. 2](https://www.legislation.gov.uk/uksi/2004/759/article/2)
[^c23732671]: [S. 519A(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 148](https://www.legislation.gov.uk/ukpga/2004/12/section/148)
[^c23732691]: [S. 519A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/h) repealed (1.4.2005) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 190(2)](https://www.legislation.gov.uk/ukpga/2003/43/section/190/2), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2003/43/schedule/13/paragraph/5), [Sch. 14 Pt. 7](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/7); [S.I. 2005/457](https://www.legislation.gov.uk/uksi/2005/457), [art. 2(1)(a)(b)](https://www.legislation.gov.uk/uksi/2005/457/article/2/1/a/b)
[^c23732731]: [S. 519A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/e) repealed (S.) (27.9.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Modification of Enactments) Order 2005 (S.S.I. 2005/465)](https://www.legislation.gov.uk/ssi/2005/465), [art. 1](https://www.legislation.gov.uk/ssi/2005/465/article/1), [Sch. 2](https://www.legislation.gov.uk/ssi/2005/465/schedule/2); and s. 519A(2)(e) repealed (E.W.N.I.) (5.10.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Consequential Provisions) Order 2005 (S.I. 2005/2078)](https://www.legislation.gov.uk/uksi/2005/2078), [art. 1(1)](https://www.legislation.gov.uk/uksi/2005/2078/article/1/1), [Sch. 3](https://www.legislation.gov.uk/uksi/2005/2078/schedule/3)
[^c23732751]: [S. 519A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/f) repealed (1.4.2006) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [s. 199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/4); [S.I. 2005/2925](https://www.legislation.gov.uk/uksi/2005/2925), [art. 11](https://www.legislation.gov.uk/uksi/2005/2925/article/11)
[^c23729261]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/2)
[^c23729281]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/5)
[^c23729271]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/8)
[^c23729291]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/7)
[^c21611181]: Source - 1970 s.380(1)
[^c21611191]: Source - 1970 s.380(2)
[^c21611201]: *See* S.I. [1970 No.488](https://www.legislation.gov.uk/ukcm/1970/488) (*under* “Double taxation relief: general” *in* Part III Vol.5) regns. 2-10—*payments exempt under double taxation agreements.*
[^c21611221]: Source - 1970 s.380(4)
[^c21611231]: Source - 1970 s.380(5)
[^c22776211]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/a)
[^c22776231]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/b)
[^c22776251]: [S. 524(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/3)
[^c23733541]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733581]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733601]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733631]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733651]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733681]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733851]: [S. 524(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733871]: Words in [s. 524(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733701]: Words in [s. 524(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733721]: Words in [s. 524(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733891]: [S. 524(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733741]: [S. 524(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733911]: Words in [s. 524(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733761]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733781]: Words in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733811]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733831]: Word in [s. 524(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611251]: Source - 1970 s.381(2)
[^c22771321]: [S. 525(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/5) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 4 of the repealing Act) by Finance Act [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c22781431]: Words in [s. 525(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/45)
[^c23733991]: [S. 525(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734051]: [S. 525(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734011]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734071]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734031]: Word in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734091]: [S. 525(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611291]: Source - 1970 s.382
[^c22795671]: Word in [s. 526(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23734141]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734161]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734181]: Words in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734201]: Word in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734221]: [S. 526(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734241]: Words in [s. 527(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 204](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/204) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611321]: Source-1970 s.385; 1985 s.64(2)(d)-(f)
[^c22781201]: [S. 528(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/1/4) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(1)(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/1/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781451]: Words in [s. 528(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/2)
[^c22781481]: [S. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/3)
[^c23734301]: [S. 528(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734321]: Words in [s. 528(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734341]: Words in [s. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611411]: Source-1970 s.386(2); 1985 s.65(3)(a)
[^c22795691]: [S. 531(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2/7) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/19/2)
[^c21611431]: Source-1970 s.386(4); 1985 s.65(3)(b)
[^c21611441]: Source-1970 s.386(4)-(6)
[^c21611451]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781501]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/1)
[^c22781271]: Words in [s. 531(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781521]: Words in [s. 531(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/3)
[^c22781291]: Words in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734371]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734391]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734421]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734451]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734471]: [S. 531(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734491]: Words in [s. 531(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734511]: [S. 531(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734531]: Word in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734571]: Words in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734551]: Words in [s. 531(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734601]: Word in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734621]: Words in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734661]: [S. 531(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734641]: Word in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781551]: [S. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/49)
[^c23734681]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 208](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/208) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611551]: Source-1970 s.388; 1985 s.64(2)(g)
[^c22771361]: Words in [s. 533(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/4) inserted (with retrospective effect) by Finance Act 1988, Sch. 13 Pt. 1 paras. 5, 1
[^c21611571]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781591]: Words in [ss. 533(1)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/1)
[^c22781331]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 4)](https://www.legislation.gov.uk/ukpga/2001/4), [Sch. 2 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2001/4/schedule/2/paragraph/50/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/4/schedule/4)
[^c22781651]: Words in [s. 533(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/3)
[^c23734721]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734741]: [S. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1): definition of "income from patents" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734761]: Words in [s. 533(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611611]: See—1988 s.387—*sums assessed under* s.350*by virtue of* s.536*not to be carried forward under* s.387*as trading losses.*1988 s.821—*under-deductions of tax from payments made before passing of annual Act.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1970 No.488](https://www.legislation.gov.uk/ukcm/1970/488) (*under* “*Double Taxation relief: general*” *in* Part III Vol.5) regns.2-10—*payments exempt under double taxation agreements.*
[^c21611621]: Source-1970 s.391
[^c22774341]: Words in [s. 536(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/2) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(5)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/5); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22774941]: Words in [s. 536(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/2) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/a), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22774961]: Words in [s. 536(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/4) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/b), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21611641]: Source-1983 s.27(b)
[^c22781911]: Words in [s. 537](https://www.legislation.gov.uk/ukpga/1988/1/section/537) substituted (with application in accordance with [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 24 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/1/a)
[^c22781931]: Words in [s. 537](https://www.legislation.gov.uk/ukpga/1988/1/section/537) substituted (with application in accordance with [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 24 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/1/b)
[^c22774981]: Words in [s. 537B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/537B/2) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/a), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22775001]: Words in [s. 537B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/537B/4) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/b), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22774361]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) repealed (with effect in accordance with Sch. 17 Pt. 5 Note 6 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5)
[^c21611751]: [S. 539(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/9) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/2)
[^c21611761]: Source-1970 s.393(1); 1971 Sch.6 41; 1972 Sch.24 23
[^c21611781]: Source-1970 s.393(2)(a), (c); 1971 Sch.3 11
[^c21611801]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21611811]: Source-1970 s.393(3); 1985 s.41(8) 56, Sch. 9 para. 15
[^c21611821]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "friendly society" inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.15](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/15); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21611831]: Source-1975 Sch.2 15
[^c21611841]: Source-1970 s.393(4), (5)
[^c22776391]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): word in definition of "capital redemption policy" substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/4)
[^c22781951]: [S. 539(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/2)
[^c23745031]: [S. 539(2)(e)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/e/f) and preceding word added (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/2)
[^c23745111]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745051]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "credit union" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745071]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "excepted group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745091]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745131]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "non-charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745171]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745191]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "life annuity" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745211]: [S. 539(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745231]: [S. 539(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/b) substituted for s. 539(2)(b)-(d) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 25](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/25) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21611861]: Source-1970 s.394(1), (2); 1975 Sch.2 9(1), (2)
[^c21611881]: Source-1970 s.394(4); 1983 s.18(1) 1975 Sch.2 10
[^c21611891]: Source-1970 s.394(5), (6); 1975 Sch.2 10
[^c22774401]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/2)
[^c22774421]: [S. 540(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/5A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/3)
[^c21611921]: Source-1982 s.34
[^c22781971]: Words in [s. 540(1)(a)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/a/v) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/2)
[^c22781991]: Words in [s. 540(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/b/ii) inserted (with effect in accordance with s, 83(2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/3)
[^c23745291]: [S. 540(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/2) repealed (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/14/1), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 2 (with Sch. 34 para. 15)
[^c23745311]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [75](https://www.legislation.gov.uk/uksi/2005/3229/regulation/75)
[^c22778611]: [S. 541](https://www.legislation.gov.uk/ukpga/1988/1/section/541) extended (retrospectively and with effect in accordance with s. 79(7)(8) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3/b)
[^c21611931]: Source-1970 s.395(1); 1975 Sch.2 11(1)
[^c21611941]: Source-1970 s.395 (2), (3)
[^c21611961]: [S. 541(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/2)
[^c21611971]: Source-1970 s.395(4); 1982 s.34; 1975 Sch.2 10
[^c21611981]: [S. 541(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/5/c) and word inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/3)
[^c21611991]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782011]: Words in [s. 541(1)(a)(ii)(b)(ii)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/a/ii/b/ii/c/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/2)
[^c22782051]: Words in [s. 541(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/3)
[^c22781811]: [S. 541(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4) repealed (with effect in accordance with s. 83(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/4), [Sch. 33 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/9), Note
[^c22782851]: Words in [s. 541(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/c) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/3)
[^c22782871]: [S. 541(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/3A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/4)
[^c21612001]: Source-1970 s.396(1); 396(1); 1975 Sch.2 9(3), 12
[^c21612011]: Source-1970 s.396(2), (3); 1983 s.18(2); 1975 Sch.2 12
[^c22782071]: Words in [s. 542(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/2)
[^c22782091]: Words in [s. 542(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/3)
[^c21612021]: Source-1970 s.397; 1975 Sch.2 13
[^c22782111]: Words in [s. 543(1)(a)(ii)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/ii/b/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/2)
[^c22782141]: Words in [s. 543(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/3)
[^c22782891]: Words in [s. 543(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/b) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/6)
[^c22782911]: [S. 543(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/2A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/7)
[^c23745331]: Words in [s. 543(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 212](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/212) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612031]: Source-1983 Sch.4 1
[^c21612041]: Source-1983 s.18(3), Sch.4 2(1)
[^c21612051]: Source-1983 Sch.4 2(2)
[^c21612061]: Source-1983 Sch.4 2(3)
[^c21612071]: Source-1983 Sch.4 2(4)
[^c23745351]: Words in [s. 544(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/213) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745371]: Words in [s. 544(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [76](https://www.legislation.gov.uk/uksi/2005/3229/regulation/76)
[^c21612081]: Source-1970 s.398; 1975 Sch.2 14, 9(4)
[^c22782161]: Words in [s. 545(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 7](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/7)
[^c23745411]: [S. 545(1)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/a/i) substituted for words in s. 545(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612091]: Source-1975 Sch.2 9(5), (8)
[^c21612101]: Source-1975 Sch.2 9(6), (7)
[^c21612111]: Source-1975 Sch.2 9(9)
[^c21612121]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782181]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) renumbered as s. 546(1)(a)(i) (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 8(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/a)
[^c22782201]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/b)
[^c22782221]: [S. 546(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a/ii) and preceding word inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/c)
[^c22782241]: [S. 546(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/6) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/3)
[^c21612171]: [S. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/8) of the amending Act) by Finance Act 1989 (c. 26 ), Sch. 9 para. 5(3)
[^c21612221]: [S. 547(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/8) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/5/3)
[^c21612361]: Source-1970 s.399(1); 1972 Sch.24 24
[^c21612441]: [S. 547(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/1)
[^c21612491]: [S. 547(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/3)
[^c22775871]: [S. 547](https://www.legislation.gov.uk/ukpga/1988/1/section/547): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22775061]: [S. 547(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/1)
[^c22775101]: [S. 547(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/2/b)
[^c22778951]: [S. 547(1)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/d/e) inserted (with effect in accordance with [Sch. 14 para. 7(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/1/2/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/3)
[^c22778741]: [S. 547(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/3) repealed (with effect in accordance with Sch. 14 para. 7(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/4), [Sch. 27 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/19), Note
[^c22779011]: [S. 547(5AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5AA) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/7)
[^c22779031]: [S. 547(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/8)
[^c22779091]: [S. 547(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/14) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/10)
[^c22782301]: Words in [s. 547(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/2)
[^c22782321]: [S. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/3)
[^c22782341]: [S. 547(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/4)
[^c23745551]: Word in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/3)
[^c23745571]: [S. 547(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/4)
[^c23745651]: [S. 547(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/8)
[^c23745751]: [S. 547(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/11)
[^c23745891]: [S. 547(1)(a)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/a/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745831]: Words in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745851]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745871]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745951]: [S. 547(4A)-(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A)(9)-(14) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612501]: Source-1975 Sch.2 16; 1976 s.35
[^c22774461]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/b)
[^c22774481]: Words in [s. 548(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/c)
[^c22774501]: [S. 548(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/3)
[^c22780711]: [S. 548(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3/a) substituted (with effect in accordance with [Sch. 4 para. 18(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/16)
[^c23746361]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 9(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/9/3)
[^c23746381]: [S. 548(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/218) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747201]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747241]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747261]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747281]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747301]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612761]: Source-1984 Sch.15 Part III; 1984 s.76(5); 1985 s.51
[^c22775181]: [S. 553](https://www.legislation.gov.uk/ukpga/1988/1/section/553): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22797631]: Words in [s. 553(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(8)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/8/a) (with saving)
[^c22774921]: [S. 553(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/2)
[^c22775161]: [S. 553(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/3)
[^c22776431]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/5)
[^c22779501]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/2)
[^c22779521]: [S. 553(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/5A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/3)
[^c22779541]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): definition of "foreign institution" inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/4)
[^c22782561]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/2) of the amending Act) by Finance Act 2001, (c. 9), Sch. 28 para. 17(2)
[^c22782601]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/17/4)
[^c23748361]: [S. 553(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748401]: [S. 553(6)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748381]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): words in definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782401]: [S. 547A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/2) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 12](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/12)
[^c23746121]: Word in [s. 547A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/2)
[^c23746141]: Word in [s. 547A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/3)
[^c23746161]: [S. 547A(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/4)
[^c23746181]: Words in [s. 547A(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/5)
[^c23746201]: [S. 547A(3)(d)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d/ia) substituted for word at the end of s. 547A(3)(d)(i) (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/6)
[^c23746221]: Word in [s. 547A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/6) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/7)
[^c23746241]: Word in [s. 547A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/a)
[^c23746261]: Word in [s. 547A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/b)
[^c23746281]: [S. 547A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746321]: [S. 547A(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/15): definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746301]: [S. 547A(16)(17)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/16/17) substituted for s. 547A(16) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782481]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/16)
[^c23746501]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 11](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/11)
[^c23748471]: [S. 553A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748491]: [S. 553A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/4): words in definition of "new non-resident policy" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748551]: Words in [s. 553C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748571]: Words in [s. 553C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748601]: Words in [s. 553C(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748621]: Words in [s. 553C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748661]: Word at the end of s. 553C(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748641]: Word in [s. 553C(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748701]: [S. 553C(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/d) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748681]: [S. 553C(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782931]: Words in [s. 546B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(9)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/9)
[^c22782951]: [S. 546B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1A) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(10)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/10)
[^c23745431]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745451]: Word in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745491]: [S. 546C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/a) and word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745471]: Words in [s. 546C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745511]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/e), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612781]: *See* 1988(F) s.130(7)—*payment of outstanding tax by migrating companies.*
[^c21612791]: Source-1986 Sch.11 1
[^c21612801]: Source-1986 Sch.11 2(1)
[^c21612811]: Source-1986 Sch.11 2(3)
[^c21612821]: Source-1986 Sch.11 2(2), (4)
[^c21612831]: Source-1986 Sch.11 2(5), (6)
[^c21612841]: Source-1986 Sch.11 2(7)
[^c21612851]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612861]: Source-1986 Sch.11 3(1)
[^c21612871]: Source-1986 Sch.11 4
[^c21612901]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612911]: Source-1986 Sch.11 6(4) 7(6)
[^c21612921]: Source-1986 Sch.11 6(2), 7(5)
[^c23749111]: [S. 556(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749071]: [S. 556(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749131]: [S. 556(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749091]: Words in [s. 556(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612951]: Source-1986 Sch.11 9
[^c21612961]: Source-1986 Sch.11 5
[^c21612971]: Source-1986 Sch.11 10, 11(2)
[^c21612981]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612991]: Source-1986 Sch.11 11(1), (3)
[^c21613121]: *See*—1970(M) s.62(1A)—*priority of claim for tax.*1970(M) s.63(3)—*recovery of tax in Scotland.*1970(M) s.64(1A)—*priority in cases of poinding in Scotland.*
[^c21613131]: Source-1975 (No.2) s.69(1), 70A(2); 1982 Sch.8 5
[^c21613141]: *See* 1988(F) s.130(7)(d)—*payment of outstanding tax by migrating companies.*
[^c21613151]: Source-1975 (No.2) s.69(4), (5); 1987 s.23
[^c21613171]: *See* Insolvency (Northern Ireland) Order 1989, Art.381(2)*and* Sch.9 para.61*and* Art.382*and* Sch.10 (S.I. [1989 No.2405](https://www.legislation.gov.uk/ukcm/1989/2405)—*not reproduced*)
[^c21613181]: [S. 559(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/6) repealed (N.I.) (1.10.1991) by [S.I. 1989/2404](https://www.legislation.gov.uk/uksi/1989/2404), [art. 382](https://www.legislation.gov.uk/uksi/1989/2404/article/382), [Sch. 10](https://www.legislation.gov.uk/uksi/1989/2404/schedule/10); [S.R. 1991/411](https://www.legislation.gov.uk/nisr/1991/411), [art. 2](https://www.legislation.gov.uk/nisr/1991/411/article/2)
[^c21613191]: Source-1975 (No.2) Sch.12 Pt.I 2(2); 1980 Sch.8 4(3); 1982 Sch.8 8
[^c21613201]: Source-1972 s.71(5); 1982 Sch.8 6
[^c22775261]: [S. 559(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/3) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/2), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775241]: [S. 559(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/3); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22777861]: [S. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/3)
[^c22778631]: [S. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 54(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/54/5)
[^c22775281]: Words in [s. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) substituted (with effect in accordance with the amending provision) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 139(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/139/1); [S.I. 2000/922](https://www.legislation.gov.uk/uksi/2000/922), [art. 2](https://www.legislation.gov.uk/uksi/2000/922/article/2)
[^c22775301]: [S. 559(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4A) inserted (with effect in accordance with the amending provision) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 139(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/139/1); [S.I. 2000/922](https://www.legislation.gov.uk/uksi/2000/922), [art. 2](https://www.legislation.gov.uk/uksi/2000/922/article/2)
[^c22779841]: Words in [s. 559(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1) substituted (with effect in accordance with [s. 55(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/2)
[^c22779861]: [S. 559(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1A) inserted (with effect in accordance with [s. 55(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/2)
[^c22779321]: [S. 559(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/5A) inserted (with effect in accordance with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/1)
[^c22782971]: Words in [s. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c22783011]: [S. 559(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/5/5A) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c22783041]: [S. 559(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/8) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c23749331]: Words in [s. 559(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 58](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/58) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613241]: Source-1975 (No.2) s.69(2)
[^c21613251]: Source-1975 (No.2) s.69(3)
[^c21613271]: Source-1975 (No.2) s.69(3A); 1980 Sch.8 1
[^c21613281]: Source-1975 (No.2) s.69(3B), (3C); 1980 Sch.8 1
[^c21613291]: Source-1975 (No.2) s.71(3)
[^c21613301]: [1981 c. 64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21613311]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c21613321]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c21613331]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21613341]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c21613351]: [1965 c. 13 (N.I.)](https://www.legislation.gov.uk/apni/1965/13).
[^c22775321]: [S. 560(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/aa) inserted (with application in accordance with [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/1/a)
[^c22775341]: [S. 560(2)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/ea) inserted (with application in accordance with Sch. 27, [para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27), [para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/1/b)
[^c22775361]: Words in [s. 560(2)(f)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/f/3) substituted (with application in accordance with [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27), [para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/2)
[^c22779341]: Words in [s. 560(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2) inserted (with effect in accordance with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/2)
[^c22779361]: [S. 560(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2A/2B) inserted (with effect in accordance with [Sch. 8 para. 2(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/2)
[^c22780211]: [S. 560(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/da) inserted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [Sch. 16 para. 58(a)](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/58/a); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22780251]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22780231]: Words in [s. 560(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/e) repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [Sch. 16 para. 58(b)](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/58/b), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22780771]: Words in [s. 560(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/aa) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No.2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(3)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/3)
[^c22783061]: Words in [s. 560(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c21613361]: Source-1975 (No.2) s.70(1)-(6), (9)-(11), 70A(1), (2), 71(4); 1982 Sch.8 3, 5; 1987 (No.2) s.93
[^c22771281]: Words in [s. 561(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/2/c) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/5)
[^c22775401]: Words in [s. 561(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/1) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775511]: Words in [s. 561(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/2/b) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/1); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775421]: Words in [s. 561(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/3) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 3, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775441]: [S. 561(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/4/5) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775471]: Words in [s. 561(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/6) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 3, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775531]: Words in [s. 561(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/10) substituted (with effect in accordance with Sch, 27 [para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/2); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c22775551]: Words in [s. 561(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/11) inserted (with effect in accordance with [Sch. 27 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/3/a)
[^c22775571]: Words in [s. 561(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/11) substituted (with effect in accordance with Sch, 27 [para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/3/b); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c22775491]: [S. 561(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/12) repealed (with effect in accordance with Sch. 27 para. 8(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21), Note 2; [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c23749351]: Words in [s. 561(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 59](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/59) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613371]: Source-1975 (No.2) Sch.12 Pt. I 1
[^c21613431]: Source-1975 (No.2) Sch.12 Pt.I 3(1); 1982 Sch.8 11
[^c21613441]: Source-1975 (No.2) Sch.12 Pt.I 3(1A); 1982 Sch.8 12
[^c21613451]: Source-1975 (No.2) Sch.12 Pt.I 3(2); 1980 Sch.8 7; 1982 Sch.8 13
[^c21613471]: Source-1975 (No.2) Sch.12 Pt.I 4.
[^c21613481]: [1975 c. 14](https://www.legislation.gov.uk/ukpga/1975/14).
[^c21613491]: [1975 c. 15](https://www.legislation.gov.uk/ukpga/1975/15).
[^c21613501]: Source-1975 (No.2) Sch.12 Pt.I 7
[^c22780831]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22775591]: Words in [s. 562(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/1) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/2/a), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775671]: Words in [s. 562(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/1) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/2/b); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775691]: [S. 562(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/2A/2B) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/3); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775611]: [S. 562(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/3) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775711]: Words in [s. 562(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/9) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/5); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775731]: Words in [s. 562(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/11) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/6); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775751]: [S. 562(13A)(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/13A/14) substituted for s. 562(14) (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/7); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c21613611]: Source-1975 (No.2) Sch.12 Pt.III 1, 2; 1980 Sch.8 7
[^c22775771]: [S. 564(2A)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2A) substituted for s. 564(3)-(5) (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/6); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22780861]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22779401]: Words in [s. 564(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2A) substituted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/1)
[^c22779421]: [S. 564(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2AA) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/2)
[^c22779441]: [S. 564(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2C) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/3)
[^c21613691]: Words in [s. 565(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/a) substituted (E.W.S.) (1.4.1990 with effect in accordance with [S.I. 1990/355](https://www.legislation.gov.uk/uksi/1990/355), [arts. 6-9](https://www.legislation.gov.uk/uksi/1990/355/article/6), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/355/schedule/1)) by [Companies Act 1989 (c. 40)](https://www.legislation.gov.uk/ukpga/1989/40), [Sch. 10 para. 38(3)](https://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/38/3); [S.I. 1990/355](https://www.legislation.gov.uk/uksi/1990/355), [arts. 3](https://www.legislation.gov.uk/uksi/1990/355/article/3), [8](https://www.legislation.gov.uk/uksi/1990/355/article/8), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/355/schedule/1)
[^c21613711]: Words in [s. 565(6)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/d) substituted (E.W.S) (1.10.1990 with saving and transitional provisions in [S.I. 1990/1707](https://www.legislation.gov.uk/uksi/1990/1707), [arts. 4](https://www.legislation.gov.uk/uksi/1990/1707/article/4), [5](https://www.legislation.gov.uk/uksi/1990/1707/article/5)) by [Companies Act 1989 (c. 40)](https://www.legislation.gov.uk/ukpga/1989/40), [s. 139(5)](https://www.legislation.gov.uk/ukpga/1989/40/section/139/5)
[^c21613751]: Source-1975 (No.2) Sch.12 Pt.IV 1, 2(1), (2); 1980 Sch.8 7; 1982 Sch.8 15
[^c21613761]: Source-1975 (No.2) Sch.12 Pt.IV 3
[^c21613771]: [1975 c. 14](https://www.legislation.gov.uk/ukpga/1975/14).
[^c21613781]: [1975 c. 15](https://www.legislation.gov.uk/ukpga/1975/15).
[^c21613791]: Source-1975 (No.2) Sch.12 Pt.IV 6; 1987 Sch.15 8
[^c21613801]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21613821]: [S. 565(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/b) repealed (1.10.1991) by [Companies Act 1989 (c. 40, SIF 27)](https://www.legislation.gov.uk/ukpga/1989/40), [ss. 212](https://www.legislation.gov.uk/ukpga/1989/40/section/212), [213](https://www.legislation.gov.uk/ukpga/1989/40/section/213), [Sch. 24](https://www.legislation.gov.uk/ukpga/1989/40/schedule/24); [S.I. 1991/1996](https://www.legislation.gov.uk/uksi/1991/1996), [art. 2(c)(iv)](https://www.legislation.gov.uk/uksi/1991/1996/article/2/c/iv)
[^c21613841]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21613851]: Words in [s. 565(7)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/7/d) substituted (1.10.1991) by [S.I. 1990/1504](https://www.legislation.gov.uk/uksi/1990/1504), [art. 74(5)](https://www.legislation.gov.uk/uksi/1990/1504/article/74/5); [S.R. 1991/398](https://www.legislation.gov.uk/nisr/1991/398), [art. 2(a)](https://www.legislation.gov.uk/nisr/1991/398/article/2/a) (subject to the provisions set out in [S.R. 1991/398](https://www.legislation.gov.uk/nisr/1991/398), [arts. 3](https://www.legislation.gov.uk/nisr/1991/398/article/3), [4](https://www.legislation.gov.uk/nisr/1991/398/article/4))
[^c21613861]: Source-1975 (No.2) Sch.12 Pt.IV 7
[^c21613871]: Source-1975 (No.2) Sch.12 Pt.IV 2(3)
[^c22775791]: [S. 565(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2A) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 7(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/7/1); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775811]: [S. 565(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/8A) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 7(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/7/2); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22780871]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22779461]: [S. 565(2A)(2B)(2BB)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2A/2B/2BB) substituted for s. 565(2A)(2B) (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/4/1)
[^c22779481]: [S. 565(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2D) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/4/2)
[^c23749371]: Words in [s. 565(2C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2C/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 60](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/60) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613921]: *For regulations see* Part III Vol.5.*And see* 1970(M) s.98A—*special penalties in the case of certain returns.*
[^c21613931]: Source-1975 (No.2) s.69(6)
[^c21613951]: Source-1975 (No.2) s.70(7); 1982 Sch.8 4; 1987 (No.2) s.93 (5), (6)
[^c22775831]: [S. 566(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/3) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/7/paragraph/9)
[^c22776111]: Words in [s. 566(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(32)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/32)
[^c22776451]: [S. 566(2A)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 178(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/178/1)
[^c22778761]: Words in [s. 566(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2/c) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/8)
[^c22779881]: [S. 566(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/4/5) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/6)
[^c22797721]: [S. 566(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/5) repealed (prosp.) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 133(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/133/4), [Sch. 20 Pt. 7](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/7), Notes 1 and 2
[^c23749391]: Words in [s. 566(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 61](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/61) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23749411]: [S. 566(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/1A) inserted (with effect in accordance with [s. 147(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/147/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 147(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/147/1)
[^c21613961]: Source-1975 (No.2) s.71(8)
[^c21613971]: *For regulations see* Part III Vol.5.
[^c21613981]: Source-1975 (No.2) Sch.13 Pt.I
[^c21613991]: Source-1975 (No.2) Sch.13 Pt.II; 1980/1171
[^c21614001]: Source-1975 (No.2) s.71(8), Sch.13, Pt.I
[^c21614011]: [1971 c. 61](https://www.legislation.gov.uk/ukpga/1971/61).
[^c21614021]: Source-1975 (No.2) s.71 (9) (10)
[^c23749431]: Words in [s. 567(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/567/2/b) substituted (25.7.2003 for specified purposes and 29.12.2003 otherwise) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [s. 411(2)](https://www.legislation.gov.uk/ukpga/2003/21/section/411/2), [Sch. 17 para. 88](https://www.legislation.gov.uk/ukpga/2003/21/schedule/17/paragraph/88); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3](https://www.legislation.gov.uk/uksi/2003/1900/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3), [3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23749581]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749661]: Words in [s. 570(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749701]: Words in [s. 571(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774821]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c22774761]: [S. 574(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1/2) substituted (with effect in accordance with [s. 210(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/210/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 210](https://www.legislation.gov.uk/ukpga/1994/9/section/210) (as amended (retrospectively) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 119](https://www.legislation.gov.uk/ukpga/1995/4/section/119)) (with Sch. 20)
[^c22774801]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/8)
[^c22774781]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22797731]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c23754311]: Words in [s. 574(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/3/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [77](https://www.legislation.gov.uk/uksi/2005/3229/regulation/77)
[^c21614411]: Source-1970 s.411(1)-(8); 1985 s.43; 1971 s.50(8)
[^c22774241]: [S. 577(2)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/2/4/6) repealed (with effect in accordance with s. 72(1) of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4)
[^c21614461]: Source-1980 s.54, 118(3); 1983 s.46(3)(b)
[^c21614471]: Source-1970 s.411(9)
[^c22780041]: Words in [s. 577(1)(a)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/9) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778801]: Words in [s. 577(1)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/9) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22781671]: Word at the end of s. 577(1)(a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/a)
[^c22781381]: Words in [s. 577(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/a) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781411]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/3), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22782731]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/2/b)
[^c22782751]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) inserted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/3)
[^c23754921]: [S. 577(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781351]: [S. 577(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/c) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23754941]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23754991]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) re-numbered as s. 577(1)(a)(i) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(a)
[^c23754961]: [S. 577(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/ii) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(b)
[^c23755011]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755031]: Words in [s. 577(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755051]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755071]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755101]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755121]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755141]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755161]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755181]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755201]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755221]: Words in [s. 577(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755241]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755261]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755281]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755311]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755341]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755421]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755361]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755381]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755401]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614491]: Source-1970 s.376
[^c23755531]: Words in [s. 578(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775891]: [S. 579](https://www.legislation.gov.uk/ukpga/1988/1/section/579) modified (with effect in accordance with s. 39(3)-(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/23)
[^c21614501]: Source-1970 s.412(1)-(6)
[^c22776841]: [S. 579(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/a) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22776861]: Word in [s. 579(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777001]: Words in [s. 579(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/a)
[^c22776911]: Words in [s. 579(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777051]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/b)
[^c22777781]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22780081]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778861]: [S. 579(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/4) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c22780091]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23755611]: [S. 579(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 63](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/63), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23755631]: [S. 579(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3/3A) substituted for s. 579(3) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 26(2)
[^c23755651]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755671]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755721]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755741]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755761]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755781]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755801]: Words in [s. 579(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614531]: Source-1970 s.412(7), (8)
[^c22777661]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/a)
[^c22777681]: Words in [s. 580(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/b) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/b)
[^c22777721]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/c)
[^c22776951]: [S. 580(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/2) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777801]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22777821]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c23755831]: [S. 580(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 64](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/64), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614601]: Source-1970 s.417; 1971 Sch.6 47
[^c22776561]: Word in [s. 582(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/a/i) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/14/1)
[^c22776151]: Words in [s. 582(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para 32(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/32/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776601]: Words in [s. 582(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/b/i) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 32(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/32/b)
[^c22776581]: [S. 582(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2A) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/14/2)
[^c22783181]: [S. 582(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/3A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 50](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/50)
[^c23755971]: [S. 582](https://www.legislation.gov.uk/ukpga/1988/1/section/582) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/7)
[^c23755871]: Words in [s. 582(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755891]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755911]: Words in [s. 582(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755931]: Words in [s. 582(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755951]: Words in [s. 582(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614631]: *See* 1979(C) s.13—*delayed remittances of capital gains.*
[^c21614641]: [S. 584(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/10) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21614651]: Source-1970 s.418(1), (2), (2A), (2B); 1987 (No.2) Sch.6 6
[^c21614681]: Source-1972 s.124(2)(a)
[^c21614691]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21614761]: Source-1987 (No.2) Sch.6 6(5)
[^c22776641]: [S. 584(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/2A) substituted for s. 584(2)(3) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/2)
[^c22776661]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/3)
[^c22776681]: Words in [s. 584(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/5) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/4)
[^c22776701]: [S. 584(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/5)
[^c22776741]: Words in [s. 584(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/7)
[^c23756041]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756061]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756081]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756121]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756141]: Word in [s. 584(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756161]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756181]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756201]: [S. 584(6)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6/a/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614791]: Source-1970 s.420
[^c23756281]: Words in [s. 586(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/586/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 247](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/247) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614801]: Source-1970 s.421
[^c23756341]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756301]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756321]: Words in [s. 587(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775921]: [S. 588](https://www.legislation.gov.uk/ukpga/1988/1/section/588) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24) (the modification consisting of the insertion of a s. 588(4A) for limited purposes, and that s. 588(4A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c21614821]: Source-1987 s.35(1)-(7)
[^c22780121]: Word in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22780811]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) inserted (with effect in accordance with [s. 93(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/93/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/2)
[^c23761531]: [S. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted for s. 588(1)(2) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761551]: [S. 588(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761611]: [S. 588(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/a) and word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761571]: Words in [s. 588(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761591]: Words in [s. 588(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762051]: [S. 588(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(2)
[^c23762071]: [S. 588(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(3)
[^c23762091]: Word in [s. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762111]: Words in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762131]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762161]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762181]: Word in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762241]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762201]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762221]: Word in [s. 588(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22776621]: Words in [s. 582A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/6)
[^c22776171]: [S. 582A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/3) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/22), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2)
[^c22781061]: Words in [s. 582(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23756021]: Words in [s. 582A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/6) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/10/2)
[^c22776801]: Words in [s. 587A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587A/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 33](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/33) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22774861]: [S. 577A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1A) inserted (with application in accordance with [s. 141(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/2)
[^c22774881]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (with application in accordance with s. 141(4)) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/3)
[^c22780061]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778831]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22783101]: Words in [s. 577A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1) renumbered as s. 577A(1)(a) (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/a)
[^c22783121]: [S. 577A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/b) and preceding word inserted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/b)
[^c23755461]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) re-numbered as s. 577A(2)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(a)
[^c23755441]: [S. 577A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2/b) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(b)
[^c23755481]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755511]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775941]: [S. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 25](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/25) (the modification consisting of the insertion of a s. 589A(9A) for limited purposes, and that s. 589A(9A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c22780131]: Word in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23762311]: [S. 589A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/1/1A) substituted for s. 589A(1) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762331]: [S. 589A(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762391]: [S. 589A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/10) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762411]: [S. 589A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/9) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 29(2)
[^c23762431]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762451]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762471]: Words in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762551]: Words in [s. 589B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781131]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (with effect in accordance with reg. 30AA(3) of the modifying reg.) by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30AA(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/30AA/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [5](https://www.legislation.gov.uk/uksi/2000/2710/regulation/5))
[^c22783261]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "qualifying investment" repealed (with effect in accordance with s. 97(6) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1), [Sch. 40 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/15), Note
[^c22783281]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): in definition of "qualifying investment", para. (e) and preceding word inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1)
[^c22783301]: [S. 587B(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9A) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/2)
[^c22783321]: [S. 587B(9E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9E/a) modified (temp.) (with effect in accordance with s. 97(6) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(7)(8)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/7/8)
[^c22783341]: [S. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/3)
[^c23756541]: [S. 587B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/4) substituted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/2)
[^c23756561]: [S. 587B(8A)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/3)
[^c23756601]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "obligation" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756661]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "offshore fund" substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 10](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/10) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23756621]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "related liabilities" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756641]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "value of the net benefit to the charity" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756581]: [S. 587B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/10A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/5)
[^c23756691]: Words in [s. 587B(8)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8/b/i) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 27(2)
[^c23756751]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2005/2014/regulation/21); and that modifying reg. 21 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2007/2134/regulation/20)
[^c23756711]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756731]: Words in [s. 587B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782771]: Word at the end of s. 578A(1)(a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/a)
[^c22781871]: [S. 578A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1/c) and preceding word repealed (with effect in accordance with s. 57(4), Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/b), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22783161]: [S. 578A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/3) modified (with effect in accordance with s. 80(2) of the 2002 amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 93A(4)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/93A/4/a/6/a) (as inserted by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 24 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/24/paragraph/4))
[^c22783141]: [S. 578A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2A/2B) inserted (with effect in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 60(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/1)
[^c23755551]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(2)
[^c23755571]: [S. 578A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/bb) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(3)
[^c23755591]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614081]: Source-1981 s.36(1)-(5)
[^c21614091]: Source-1981 s.36(6); 1980 s.37(3)
[^c22781111]: [S. 573(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/2) restricted (with effect in accordance with s. 63(4) of the affecting Act) by Finance Act 2000, Sch. 15 para. 70(2)
[^c22780901]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/i)
[^c22780921]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/ii)
[^c22780941]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iii)
[^c22780961]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iv)
[^c22780981]: [S. 573(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/b)
[^c22774841]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614221]: Source-1980 s.37(6)-(8); 1981 s.36(6)
[^c21614231]: Words in [s. 575(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/c) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(34)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614241]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614261]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22781001]: [S. 575(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/ba) inserted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/3)
[^c22774851]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614331]: Words in [s. 576(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614361]: Source-1980 s.37(12); 1981 s.36(6), (7); 1987 (No.2) s.71
[^c21614371]: Definition in s. 576(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(b)(i)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/b/i) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614381]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(b)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/b/ii) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22798611]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) inserted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/6)
[^c21614401]: 1989 s.107*and* Sch.12 para.14*in relation to disposals made after* 31*March* 1989.*Previously* “(a) a trading company within the meaning of paragraph 7 of Schedule 19”.
[^c22779921]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/1)
[^c22779941]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/2)
[^c22779961]: [S. 576(4)-(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) substituted for s. 576(4) (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/3)
[^c22779981]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/a)
[^c22780001]: Word in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/b)
[^c22780021]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): definition of "shares" substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/c)
[^c22778781]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) repealed (with effect in accordance with s. 80(5)(b), Sch. 27 Pt. 3(16) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(d)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/d), [Sch. 27 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/16)
[^c22781021]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/a)
[^c22781041]: [S. 576(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1C) inserted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/b)
[^c22781831]: Words in [s. 576(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) repealed (with effect in accordance with Sch. 15 para. 38(5)(6) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/2), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 3
[^c22782621]: [S. 576(4A)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/ab) inserted (with effect in accordance with [Sch. 15 para. 38(5)(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/5/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/a)
[^c22782671]: Words in [s. 576(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/b) substituted (with effect in accordance with [Sch. 15 para. 38(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/b)
[^c22782691]: Words in [s. 576(4A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/d) inserted (with effect in accordance with [Sch. 15 para. 38(5)(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/5/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/c)
[^c22781851]: Words in [s. 576(4B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4B/a) repealed (with effect in accordance with Sch. 15 para. 38(5)(6) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 3
[^c23753991]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): definition of "civil partner" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [78(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/78/b)
[^c23753971]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): words in definition of "spouse" substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [78(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/78/a)
[^c23754601]: [S. 576B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/576B/9) inserted (6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/3), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23754621]: [S. 576D(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/576D/3A) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/2)
[^c23754681]: [S. 576K(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576K/4) inserted (6.4.2007) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 16 paras. 11(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/11/4), [13](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/13)
[^c21616431]: [1939 c. 49](https://www.legislation.gov.uk/ukpga/1939/49).
[^c23484131]: [S. 613(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/1/2) (which were repealed by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)) restored (retrospectively) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 para. 63](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/63)
[^c21617661]: Source-1970 s.219(3)
[^c21617671]: Words in [s. 617(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/a) substituted (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/6/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 2 para. 93(4)](https://www.legislation.gov.uk/ukpga/1992/6/schedule/2/paragraph/93/4)
[^c21617681]: Words in [s. 617(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/b) substituted (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/9/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 2 para. 33(4)](https://www.legislation.gov.uk/ukpga/1992/9/schedule/2/paragraph/33/4)
[^c22889541]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) repealed (with effect in accordance with s. 147(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 147(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/147/1), [Sch. 41 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/15), Note
[^c22890381]: [S. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 65(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 65(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/3)
[^c22893901]: Words in [s. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 61(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/1)
[^c22899941]: [S. 617(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/6) repealed (24.4.2000 for specified purposes and 9.4.2001 otherwise) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/1), [Sch. 8 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/30/schedule/8/paragraph/1/3), [Sch. 13 Pt. 5](https://www.legislation.gov.uk/ukpga/1999/30/schedule/13/part/5); [S.I. 2000/1047](https://www.legislation.gov.uk/uksi/2000/1047), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2000/1047/article/2/2/a), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2000/1047/schedule/part/1)
[^c23481861]: [S. 617(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482271]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483111]: Words in [s. 617(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Sch. para. 31(2)
[^c23483341]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483361]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483381]: Word at the end of s. 617(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483221]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483401]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619331]: Source-1970 s.230(1)
[^c21619341]: Source-1970 s.230(2A); 1970(F) Sch.4 8
[^c21619351]: Source-1970 s.230(2)(a)-(c)
[^c21619361]: Source-1970 s.230(2)(d), (2A); 1970(F) Sch.4 8
[^c21619371]: Source-1970 s.230(3)-(5)
[^c21619381]: [S. 656(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/7) inserted (retrospectively) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/76/1)
[^c23484021]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484041]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484061]: Words in [s. 656(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619391]: Source-1970 s.230(6), (7); 1978 s.26(4); 1987 (No.2), s.41(3)
[^c23484111]: Words in [s. 657(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 269](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/269) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486281]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486301]: [S. 657(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/d/e) substituted for s. 657(2)(d)-(f) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21619401]: Source-1970 s.231
[^c21619411]: *For regulations see* Part III Vol.5 (*under* “*Life annuities, purchased*”).
[^c21619421]: 1989 s.170(4)(c)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c23483441]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483271]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483461]: [S. 658(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21620031]: 1989 s.109(1).
[^c21621191]: *See*—s.186(11)—*approved profit sharing schemes.*[s.454](https://www.legislation.gov.uk/ukpga/1988/1/section/454)—*underwriter's special reserve fund not to be treated as settlement.*[s.469(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1)—*unit trusts.*[s.832](https://www.legislation.gov.uk/ukpga/1988/1/section/832)— “additional rate” *defined.*1990 s.56*and* Sch.10 para.19—*convertible securities.*Vol.1. Table D(2).
[^c21621201]: Source-1973 s.16(1)-(6); 1986 s.47(4)(a)
[^c21621211]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621221]: [S. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621231]: 1988(F) s.55(3)—*from* 1*July* 1988.*Previously* “(c) is not income arising under a trust established for charitable purposes only or income from investments, deposits or other property held for the purposes of a fund or scheme established for the sole purpose of providing relevant benefits within the meaning of section 612; and”.
[^c21621241]: [S. 686(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621251]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21621261]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21621271]: *See* 1990 s.30*and* Sch.5 para.13*and* s.132*and* Sch.19 Part IV—subs.(5)*repealed as regards a sum paid or credited on or after* 6*April* 1991.
[^c21621281]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/4), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23313261]: [S. 686(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/b) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/13)
[^c23313301]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/13)
[^c23313281]: [S. 686(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/15)
[^c23313321]: [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4).
[^c23313411]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) extended (with effect in accordance with Sch. 7 para. 3(5) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [3(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2)
[^c23313391]: [S. 686(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/d) and preceding word repealed (with effect in accordance with Sch. 7 para. 12(4) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/1), [Sch. 18 Pt. 6(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/7), Note 1
[^c23313351]: [S. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) inserted (with effect in accordance with [Sch. 7 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/4) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/1)
[^c23313371]: Words in [s. 686(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A) substituted (with effect in accordance with [Sch. 7 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/4) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/2)
[^c23313421]: [S. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) applied (with effect in accordance with Sch. 7 para. 3(5) of the affecting Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/4)
[^c23313431]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/2/a)
[^c23313451]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/2/b)
[^c23313471]: [S. 686(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/3)
[^c23313491]: Words in [s. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/4)
[^c23313511]: Words in [s. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) substituted (6.4.1999) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(5)(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/5/10)
[^c23313531]: Words in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/6)
[^c23313551]: [S. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/7)
[^c23313591]: Words in [s. 686(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/c) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/3/2)
[^c23313611]: [S. 686(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/3/3)
[^c23765311]: Words in [s. 686(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/a) substituted (with effect in accordance with [s. 29(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 29(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/2/a)
[^c23765331]: Words in [s. 686(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/b) substituted (with effect in accordance with [s. 29(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/2/b)
[^c23765351]: Word in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765371]: Word in [s. 686(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765391]: Word in [s. 686(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765411]: Word in [s. 686(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765431]: Word in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765461]: Words in [s. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765481]: [S. 686(5A)(a)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A/a) substituted for s. 686(5A)(a)-(g) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765501]: [S. 686(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765521]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765541]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/2)
[^c23765621]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/2), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765631]: Words in [s. 686(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/3), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765851]: Word in [s. 686(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/2/1/a/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23765831]: Words in [s. 686(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/b) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 2(1)(b)(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/2/1/b/2)
[^c23765561]: Words in [s. 686(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/c) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 29(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/29/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23765651]: Words in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/4/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765671]: Words in [s. 686(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA/b) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/4/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765691]: Words in [s. 686(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/5/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765711]: Words in [s. 686(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/5/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765731]: Words in [s. 686(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2B) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/6), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765751]: Words in [s. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(7)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/7/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765771]: Words in [s. 686(5A)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A/f) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(7)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/7/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765801]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(8)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/8), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765581]: Word in [s. 686(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6A) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 29(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/29/3/a) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23765601]: Words in [s. 686(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6A) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 29(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/29/3/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23765871]: [S. 686(2)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/ba) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/90/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/90/2)
[^c23765891]: [S. 686(6ZA)(6ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6ZA/6ZB) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/90/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/90/3)
[^c21621381]: Words in [s. 687(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/2) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621391]: *See* 1990 s.30*and* Sch.5 para.14*and* s.132*and* Sch.19 Part IV—*words following* paragraph (i)*repealed as regards an amount paid or credited on or after* 6*April* 1991.
[^c21621401]: [S. 687(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3) amended (*retrospectively*) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/79/1/2), [Sch. 6 para. 9(2)(d)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/2/d)
[^c21621411]: Source-1973 s.17(3)(a)-(d), (f), (g); 1975 (No.2) s.34 (6); 1984 s.100(2); 1985 Sch.23 8(3); 1974 Sch.7 8
[^c21621471]: Words in [s. 687(3)(e)(f)(h)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/e/f/h/i) and (j), as it so has effect, substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 9(2)(d)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/2/d), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621491]: 1989 s.96(2)*in relation to certain deep discount securities and certain deep gain securities from* 14*March* 1989.
[^c21621521]: [S. 687(3)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/j) inserted (*retrospectively* s. 687(3) has effect, and is deemed always to have had effect, as if s. 687(3) included para. (j)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/79/2)
[^c21621531]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c21621551]: Source-1973 s.17(5)
[^c22900411]: [S. 687(3)(aaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aaa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/15)
[^c23313671]: [S. 687(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/2)
[^c23313691]: Words in [s. 687(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/2/a) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/3)
[^c23313711]: [S. 687(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/5) added (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/4)
[^c23313731]: [S. 687(3)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/k) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/35) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313751]: [S. 687(3)(a)(a1)(a2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a/a1/a2/aa) substituted for s. 687(3)(a)(aa) (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/2)
[^c23313811]: [S. 687(3)(aaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aaa) repealed (with effect in accordance with Sch. 6 para. 10(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/10/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23313771]: [S. 687(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b) substituted (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/3)
[^c23313791]: [S. 687(3)(bb)(bc)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/bb/bc) inserted (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/4)
[^c21621461]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989
[^c23765991]: Words in [s. 687(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766011]: Word in [s. 687(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766031]: Words in [s. 687(3)(a1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766061]: Words in [s. 687(3)(a1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766081]: Words in [s. 687(3)(a2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766101]: Words in [s. 687(3)(a2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766131]: Words in [s. 687(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766491]: Words in [s. 687(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766541]: Words in [s. 687(3)(b)(bb)(bc)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b/bb/bc) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766611]: Words in [s. 687(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766631]: Words in [s. 687(3)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/bb) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766651]: [S. 687(3)(l)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/l) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766671]: [S. 687(3)(aa1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa1) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/3)
[^c23766711]: [S. 687(3)(l)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/l) inserted (with effect in accordance with [s. 45](https://www.legislation.gov.uk/ukpga/2005/7/section/45) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/44/1)
[^c23766691]: [S. 687(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3A) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/4)
[^c23766731]: Word in [s. 687(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [94](https://www.legislation.gov.uk/uksi/2005/3229/regulation/94)
[^c23766751]: Words in [s. 687(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 17](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/17), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765911]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) substituted (with effect in accordance with [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/3/1)
[^c23766771]: Words in [s. 687A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 18](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/18), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765931]: Words in [s. 686D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686D/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(1)(a)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/1/a/3)
[^c23765951]: Words in [s. 686D(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/686D/3) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(1)(b)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/1/b/3)
[^c23765971]: Words in [s. 686D(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686D/7/b) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 16](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/16), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21621651]: *See* Inheritance Tax Acts.
[^c21621661]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c21621671]: Source-1977 s.38(1); 1982 Sch.10 1; ITA Sch.8 8
[^c21621681]: Source-1977 s.38(2); 1980 s.88(7); 1987 Sch.15 10
[^c21621691]: Source-1977 s.38(3), (4)
[^c21621701]: Source-1977 s.38(5); 1982 Sch.10 1(3); ITA Sch.8 8
[^c23314041]: Words in [s. 691(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/691/4) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/19)
[^c23767851]: Words in [s. 691(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/691/2/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 281](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/281) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621711]: Source-1982 s.61; ITA Sch.8 21
[^c23314061]: Words in [s. 692(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/692/1) substituted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/26)
[^c23767871]: Words in [s. 692(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/692/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 282](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/282) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621721]: Source-1982 s.62(1), (2); ITA Sch.8 22
[^c21621781]: Source-1980 s.52(1), (2); 1982 Sch.10 2(2) (3); ITA Sch.8 17
[^c21621791]: *Repealed by* 1988(F) s.24(3)*for* 1988-89*and subsequent years.*
[^c21621801]: 1988(F) s.24(3).
[^c21621811]: Words in [s. 694(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/2A) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.10](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/10), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621821]: Source-1980 s.52(3)-(6); ITA Sch.8 17
[^c21621831]: Source-1980 s.52(7); 1982 Sch.10 2(4); ITA Sch.8 17
[^c23767911]: Words in [s. 694(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 283](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/283) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767931]: Word in [s. 694(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [95](https://www.legislation.gov.uk/uksi/2005/3229/regulation/95)
[^c23763431]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763451]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763531]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [93](https://www.legislation.gov.uk/uksi/2005/3229/regulation/93)
[^c23313871]: [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4).
[^c23767711]: Words in [s. 689A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 19](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/19), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23313881]: Words in [s. 689B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/a) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/a)
[^c23313901]: Words in [s. 689B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/b) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/b)
[^c23313921]: [S. 689B(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/c) and preceding word added (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/c)
[^c23313981]: [S. 689B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/4)
[^c23314001]: Words in [s. 689B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/3) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/5)
[^c23767651]: [S. 689B(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2/a) substituted for s. 689(2)(za)-(c) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767671]: [S. 689B(2A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A/a/b) substituted for words in s. 689(2A) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767691]: [S. 689B(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767731]: Words in [s. 689B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 20](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/20), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21621881]: Source-1970 s.426; 1971 Sch.6 52
[^c21621891]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621901]: *See* 1974 s.44(4) and Sch.7 para.9(1)(2)—*development gains to be excluded from aggregate income and United Kingdom tax thereon to be left out of account.*
[^c22901391]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) repealed (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901371]: [S. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1)
[^c23768011]: Words in [s. 695(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768031]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768051]: Word in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768071]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768101]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768121]: Word in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768141]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768161]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768181]: Word in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768201]: Words in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768221]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768391]: Words in [s. 695(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768241]: Word in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768261]: Words in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768281]: Words in [s. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768311]: Words in [s. 695(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768331]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768351]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768411]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768371]: [S. 695(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621921]: Source-1970 s.427; 1971 Sch.6 53
[^c22901411]: [S. 696(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted for s. 696(3) (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/1)
[^c21621941]: Words in [s. 696(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22901431]: [S. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/2)
[^c23768431]: Words in [s. 696(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768451]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768491]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) added (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768511]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768531]: Word in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768551]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768571]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768601]: Words in [s. 696(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768621]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768641]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768671]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768701]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768721]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768741]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768771]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768811]: Words in [s. 696(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768831]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768861]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768881]: Word in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768901]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769031]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768921]: Word in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768941]: Words in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768981]: Words in [s. 696(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768961]: Words in [s. 696(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769051]: Words in [s. 696(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(11)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769011]: [S. 696(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(12)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621951]: Source-1970 s.428; 1971 Sch.6 54
[^c22901451]: [S. 697(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/1A) inserted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/1)
[^c22901471]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/2)
[^c23769091]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769121]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769071]: Words in [s. 697(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769151]: [S. 697(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621971]: Source-1970 s.429; 1971 Sch.6 55
[^c22901491]: [S. 698(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1A/1B/2) substituted for s. 698(2) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/1)
[^c23769171]: Words in [s. 698(1B)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1B/c/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769191]: Words in [s. 698(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769211]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769231]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769251]: [S. 698(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622061]: Source-1970 s.431; 1971 Sch.6 57
[^c22901511]: [S. 700(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/6) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/6)
[^c22901671]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/20)
[^c23769681]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769701]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769721]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769761]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769801]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769821]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769841]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769871]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769891]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769951]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769991]: Words in [s. 700(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770011]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770031]: Words in [s. 700(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770051]: Words in [s. 700(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770171]: Word at the end of s. 700(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770071]: [S. 700(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770091]: Words in [s. 700(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770111]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770131]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770151]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622141]: Source-1970 s.432; 1972 Sch.24 25; 1975 (No.2) s.34(5)
[^c21622151]: [S. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21622161]: *Definition applied for purposes of* 1979(C)—*see* 1979(C) s.155(1).
[^c21622171]: [1925 c. 23](https://www.legislation.gov.uk/ukpga/1925/23).
[^c21622191]: Source-1970 s.426(1)
[^c22901571]: [S. 701(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/5)
[^c22901591]: [S. 701(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/14) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/7), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901901]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/8)
[^c22901951]: Words in [s. 701(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b) renumbered as s. 701(3A)(b)(i) (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by virtue of [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/a)
[^c22901961]: Words in [s. 701(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/i) inserted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/b)
[^c22901931]: [S. 701(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/ii) added (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/c)
[^c23770381]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770511]: Word at the end of s. 701(8)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770451]: [S. 701(8)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770531]: Words in [s. 701(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770471]: Words in [s. 701(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770491]: Words in [s. 701(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622221]: Source-1970 s.433; 1987 Sch.15 2(15)
[^c23770681]: Words in [s. 702(a)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/702/a/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [96](https://www.legislation.gov.uk/uksi/2005/3229/regulation/96)
[^c22901881]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/1)
[^c23769271]: Words in [s. 698A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769291]: Word in [s. 698A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769311]: Words in [s. 698A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769331]: Words in [s. 698A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769351]: Word in [s. 698A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769371]: Words in [s. 698A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769391]: Word in [s. 698A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769411]: Words in [s. 698A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901691]: Words in [s. 699A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/2)
[^c22901711]: [S. 699A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/1B) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/3)
[^c22901741]: [S. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) and preceding word inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/4)
[^c22901761]: Words in [s. 699A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A) inserted (with effect in accordance with [s. 33(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/10) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/3)
[^c22901781]: Word in [s. 699A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/2/b) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/4)
[^c22901821]: Words in [s. 699A(4)(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a/c) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/5)
[^c23769451]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/4)
[^c23769471]: Words in [s. 699A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769511]: Words in [s. 699A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769591]: [S. 699A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769531]: Words in [s. 699A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769551]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769571]: Word in [s. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769621]: [S. 699A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23314101]: [Pt. 17 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/1) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/5)
[^c21622281]: Source—1970 s.460(1)-(3)
[^c21622311]: Source—1970 s.460(5)-(9)
[^c21622321]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21622331]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c23211461]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) inserted (with effect in accordance with [Sch. 3 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/2)
[^c23211481]: [S. 703(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/4) repealed (with effect in accordance with Sch. 3 para. 32(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23770921]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 293](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/293) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622341]: Source—1970 s.461; 1973 s.54, Sch.11 2(a), (b)
[^c22904151]: Words in [s.704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (with effect in accordance with [s.175(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 175(1)-(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/1)
[^c23160831]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(e) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c23288361]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) modified (9.3.1999) by [The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (S.I. 1999/358)](https://www.legislation.gov.uk/uksi/1999/358), [regs. 1](https://www.legislation.gov.uk/uksi/1999/358/regulation/1), [23](https://www.legislation.gov.uk/uksi/1999/358/regulation/23)
[^c23211521]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(d) repealed (with effect in accordance with Sch. 3 para. 33(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 33(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/33/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21622351]: Source—1970 s.462
[^c23314111]: [S. 705(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/4) repealed (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 23](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/23), [Sch. 2 Pt. 1](https://www.legislation.gov.uk/uksi/1994/1813/schedule/2/part/1)
[^c23211541]: [S. 705(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/6) repealed (with effect in accordance with Sch. 3 para. 34(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 34(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/34/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21622391]: *See*—1970(M) s.6(1)—*declaration to be made by member of tribunal on appointment.*1989 s.182—*disclosure of information* (*in* Part II Vol.5).
[^c21622401]: [S. 706](https://www.legislation.gov.uk/ukpga/1988/1/section/706) renumbered as s. 706(1) (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622411]: Source—1970 s.463; 1982 Sch.21 3(1)
[^c21622421]: [S. 706(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/706/2) added (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622431]: Source—1970 s.464
[^c21622441]: Source—1970 s.465
[^c21622451]: *Definition applied for purposes of* 1990 Sch.10—*convertible securities.*
[^c21622461]: Source—1970 s.466(1); 1973 Sch.11 4
[^c21622471]: Source—1970 s.467; 1973 Sch.11 5
[^c23116391]: [S. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) inserted (with effect in accordance with [s. 73(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/1)
[^c23160851]: Words in [s. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) repealed (with effect in accordance with Sch. 4 para. 19(2), Sch. 8 Pt. 2(9) Note 2 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 19(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/19/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23314151]: The definition of “the Taxes Act” in section 118(1) was amended by paragraph 32(d) of Schedule 8 to the [Development Land Tax Act 1976 (c.24)](https://www.legislation.gov.uk/ukpga/1976/24), [paragraph 8](https://www.legislation.gov.uk/ukpga/1976/24/paragraph/8) of Schedule 7 to the [Capital Gains Tax Act 1979 (c.14)](https://www.legislation.gov.uk/ukpga/1979/14), [Schedule 31](https://www.legislation.gov.uk/ukpga/1979/14/schedule/31) to the Income and Corporation Taxes Act 1988, and paragraph 2(11)(b) of Schedule 10 to the [Taxation of Chargeable Gains Act 1992 (c.12)](https://www.legislation.gov.uk/ukpga/1992/12).
[^c21623221]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623231]: Source—1985 Sch.23 1
[^c21623241]: Words in [s. 710(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 2(2)(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/2/2/4)
[^c21623251]: [S. 710(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 2(3)(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/2/3/4)
[^c21623261]: Words in [s. 710(2A)(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2A/13) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(36)(a)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/36/a/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21623271]: [S. 710(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/da) inserted (16.7.1992 with effect as mentioned in [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6) of the amending Act) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 5](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/5), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21623281]: Source—1985 Sch.23 2(2)
[^c21623291]: Source—1985 Sch.23 2(3), (4)
[^c21623301]: Source—1985 Sch.23 2(5), (6)
[^c21623311]: Source—1985 Sch.23 2(7)
[^c21623321]: Source—1985 Sch.23 2(8), (9)
[^c21623331]: Source—1985 Sch.23 2(10)
[^c21623341]: Source—1985 Sch.23 5
[^c21623351]: Source—1985 Sch.23 10(6), (7)
[^c21623361]: Source—1985 Sch.23 14(1), (3), (4)
[^c21623381]: [S. 710(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/14) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314161]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22992881]: [S. 710(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 36](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/36) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22992901]: [S. 710(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/a) and preceding word inserted (with effect in accordance with [s. 158(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/1)
[^c22992921]: [S. 710(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/b) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/3/1)
[^c22992941]: [S. 710(13A)(13B)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/13A/13B) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/3/2)
[^c23772991]: [S. 710(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/f) inserted (with effect in accordance with [Sch. 39 para. 6(1)(b)(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/39/paragraph/6/1/b/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 39 para. 5(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/39/paragraph/5/4)
[^c23773011]: [S. 710(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23773031]: Words in [s. 710(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773051]: [S. 710(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773071]: Words in [s. 710(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773091]: Words in [s. 710(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/da) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773111]: [S. 710(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773131]: [S. 710(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773171]: Word at the end of s. 710(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773151]: [S. 710(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/c) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623431]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623441]: Source—1985 Sch.23 3(1)-(5)
[^c21623451]: Source—1985 Sch.23 14(2), 31(2), 12(2), 13(3), 7(2)
[^c21623461]: 1990 s.41*and* Sch.6 para.9(2)*on and after* 24*May* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “or 722(1) or (2)”.
[^c21623471]: Source—1985 Sch.23 3(6)-(8)
[^c21623481]: Words in [s. 711(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/711/8) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314171]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314181]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22993061]: [S. 711(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/711/6A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/4)
[^c21623511]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623521]: Source—1985 Sch.23 4; 1986 Sch.17 3(2)
[^c21623531]: 1990 s.41*and* Sch.6 para.9(3)*on and after* 24*May* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “and 722”.
[^c23314191]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314201]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22994481]: Words in [s. 712(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/712/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/5)
[^c21623541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314211]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314221]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623551]: Source—1985 s.73
[^c23773191]: [S. 713(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/713/2/3) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/4); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21623561]: Source—1985 Sch.23 10(1)-(3)
[^c21623571]: 1985 Sch.23 10(7)
[^c21623581]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623591]: Source—1985 s.74
[^c23314231]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314241]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22992581]: [S. 714(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/6) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23773201]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773221]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773281]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773241]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773261]: [S. 714(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2A/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623721]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623731]: Source—1985 s.71(1) (a)-(c)
[^c21623741]: [S. 715(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/a) restricted (*retrospectively*) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(b)(5)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/b/5/6) [S. 715(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/2/a) restricted (*retrospectively*) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(c)(5)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/c/5/6)
[^c21623751]: Source—1985 Sch.23 30(1), (4)
[^c21623761]: Source—1985 s.75(1)(d)-(h)
[^c21623771]: Source—1985 Sch.23 32(1)
[^c21623781]: Source—1985 s.75(2), Sch.23 30(2), (5), 32(2)
[^c21623801]: Source—1985 Sch.23 31(1)
[^c21623811]: Source—1985 s.75(3), (4)
[^c21623821]: Source—1985 Sch.23 43; 1986 Sch.17 5
[^c21623841]: Source—1985 s.75(5), (6)
[^c21623851]: Words in [s. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(37)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/37) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22902461]: Words in [s. 715(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/6) inserted (with application in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/123/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 123(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/123/1)
[^c22992601]: [S. 715(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/g/h) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22992631]: [S. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8): definition of "FOTRA securities" repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23314251]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314261]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23120811]: Words in [s. 715(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/6) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23773301]: Words in [s. 715(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/j) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 296](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/296) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773321]: Words in [s. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8) substituted (with effect in accordance with [Sch. 4 para. 10(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/10/1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/1/2)
[^c23773341]: Words in [s. 715(1)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/k) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 30](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/30) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21623901]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314281]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314291]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23773361]: [S. 716](https://www.legislation.gov.uk/ukpga/1988/1/section/716) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/4); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21623911]: Source—1985 Sch.23 15(1)-(4)
[^c21623921]: Source—1985 Sch.23 15(5); 1986 Sch.17 2(2)
[^c21623931]: Source—1985 Sch.23 15(8)
[^c23773371]: Word in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773391]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773451]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773411]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773431]: [S. 716(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623941]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623951]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c23314301]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23000971]: Words in [s. 717(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/35)
[^c23314311]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23288381]: [S. 717](https://www.legislation.gov.uk/ukpga/1988/1/section/717) excluded (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [33(2)](https://www.legislation.gov.uk/uksi/1998/3177/regulation/33/2)
[^c23212371]: Words in [s. 717(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/1) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(22)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/22)
[^c23212391]: [S. 717(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/4/5) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(22)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/22)
[^c21623961]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314321]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314331]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623971]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c21623981]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314341]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314351]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623991]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c21624281]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21624291]: Source—1985 Sch.23 6(1), 15(6)
[^c21624301]: Source—1985 Sch.23 6(2)
[^c21624311]: [S. 720(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/3) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c21624321]: Source—1985 Sch.23 7(1)
[^c21624331]: Source—1985 Sch.23 8(1), (2), (4); 1986 Sch.17 1(1)
[^c21624341]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 13](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/13), [25](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25)
[^c21624351]: Source—1985 Sch.23 9(1), (2)
[^c21624361]: Source—1985 Sch.23 9(3), (4)
[^c21624371]: Source—1985 Sch.23 9(5)
[^c23314361]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314371]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22903171]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/17/2/b)
[^c23288401]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) repealed (with effect in accordance with s. 68 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23773471]: Word in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773491]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773511]: Word in [s. 720(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773531]: Words in [s. 720(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773551]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773571]: Words in [s. 720(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773611]: Words in [s. 720(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23773631]: Words in [s. 720(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/b) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23773651]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/c), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23773671]: Words in [s. 720(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/7) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(d)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/d), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23773691]: [S. 720(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/8/a) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(e)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/e), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^c21624481]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21624541]: [S. 721(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/5/6) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314381]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314391]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22992651]: [S. 721(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/1/4) repealed (with effect in accordance with s. 158(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(2)(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/2/4), [Sch. 41 Pt. 5(20)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/20), Note
[^c21624521]: [S. 721(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/1) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/3/a), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23001851]: [S. 721(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/2) substituted (with effect in accordance with [s. 158(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/3)
[^c21624561]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314401]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314411]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21624571]: Source—1985 Sch.23 (13) (1), (2)
[^c21624591]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314451]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314461]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21624601]: Source—1985 Sch.23 11
[^c21624611]: Words in [s. 723(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(38)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/38) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23773711]: Words in [s. 723(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773731]: Words in [s. 723(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773751]: Words in [s. 723(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773771]: Words in [s. 723(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/8) substituted (with effect in accordance with [Sch. 4 para. 10(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/10/1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/2/2)
[^c21625051]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625061]: Source—1985 Sch.23 32C; 1986 Sch.17 4
[^c23314491]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314501]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23127051]: [S. 727(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23128221]: Words in [s. 727(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/727/2) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21625091]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625101]: Source—1985 Sch.23 44(1)-(5A); 1986 Sch.17 6
[^c23314541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314551]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22903281]: Words in [s. 728(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/1/5) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/2) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c23312501]: Words in [s. 728(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/7/a) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8). s. 431(2), Sch. 20 para. 4(5); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c21625021]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314471]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314481]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23314521]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314531]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23288421]: [S. 727A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23773791]: Words and paras. (a)(b) in s. 727A(1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/4)
[^c23773811]: Words in [s. 727A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727A/1) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/15)
[^c23006181]: [1942 c. 21](https://www.legislation.gov.uk/ukpga/1942/21).
[^c23314421]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314431]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23160871]: Word in [s. 722A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/722A/5) substituted (with effect in accordance with [s. 37(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/7)
[^c21625181]: Source—1970 s.470; 1971 Sch.6 71
[^c23312721]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/51)
[^c23773951]: Words in [s. 730(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773971]: Words in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) and s. 730(4A)(4B) substituted for words in s. 730(4) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773991]: Word in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774011]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774031]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774251]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/b)
[^c23774091]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/a)
[^c23774361]: Words in [s. 730(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/a) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/a)
[^c23774381]: Words in [s. 730(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/b) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/b)
[^c23774541]: [S. 730(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/c) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/c), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774401]: [S. 730(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/4)
[^c23774571]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/5), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774421]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/6)
[^c23774441]: Word in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/7)
[^c23774461]: Word in [s. 730(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4A) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/8)
[^c23774481]: Word in [s. 730(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4B) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/9)
[^c23006221]: Words in [s. 730(2)(4)(b)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2/4/b/6/8) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/23) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23774501]: [S. 730(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/7) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/10)
[^c23774591]: Words in [s. 730(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/8) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(11)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/11), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774611]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) repealed (with effect in accordance with Sch. 6 para. 2(3) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/2/2), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c22903381]: [S. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 263A](https://www.legislation.gov.uk/ukpga/1992/12/section/263A) (as inserted (with effect in accordance with s. 80(5) of the 1995 amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/4))
[^c23314561]: [S. 730A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23006241]: [S. 730A(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6/6A) substituted for s. 730A(6) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 37](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/37) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312741]: [S. 730(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/2)
[^c23312761]: [S. 730A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/3)
[^c23312781]: [S. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/4)
[^c23774671]: [S. 730A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/1/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/5)
[^c23774751]: Words in [s. 730A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/2)
[^c23774711]: Words in [s. 730A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4) added (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/3)
[^c23774731]: [S. 730A(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4A/4B) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/4)
[^c23774791]: Words in [s. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) substituted (with effect in accordance with [Sch. 38 para. 21(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 20(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/20/a)
[^c23774811]: Words in [s. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) substituted (with effect in accordance with [Sch. 38 para. 21(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 20(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/20/b)
[^c23774771]: Words in [s. 730A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/8/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 16](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/16)
[^c23774691]: [S. 730A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/8A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/10)
[^c23774871]: Words in [s. 730A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/5) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23774851]: [S. 730A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6/b) repealed (with effect in accordance with s. 52(3) of the repealing Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 44(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/44/a), [Sch. 42 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/6), Note 1
[^c23774891]: Words in [s. 730A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 44(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/44/b)
[^c23774911]: Words in [s. 730A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/7) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 31](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/31) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23775051]: Words in [s. 730BB(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/2/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/2)
[^c23775071]: Words in [s. 730BB(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/a) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/a)
[^c23775091]: Words in [s. 730BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/b) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/c)
[^c23775111]: Words in [s. 730BB(3)(c)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/c/i/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/c)
[^c23775141]: [S. 730BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3A) inserted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/4)
[^c23775161]: [S. 730BB(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/12) repealed (with effect in accordance with s. 52(3) of the repealing Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/5), [Sch. 42 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/6), Note 1
[^c21625261]: Source—1970 s.471(1)-(5)
[^c21625271]: [S. 731(4A)(4B)(4C)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4A/4B/4C) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 55(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/55/1/2)
[^c21625281]: Words in [s. 731(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4B) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(40)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/40) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625291]: *See* s.343—*company reconstruction without change of ownership.*
[^c21625301]: Source—1970 s.471(6); 1973 sch.11 6; 1986 Sch.18 2(1)
[^c22902481]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "interest" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/2), [Sch. 26 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22902501]: [S. 731(9A)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/3)
[^c22903411]: Words in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c23314571]: Word in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c22903391]: [S. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/2)
[^c22903431]: Word in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/b)
[^c23006291]: Words in [s. 731(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/a)
[^c22992721]: Words in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23128461]: [S. 731(2B)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2B) inserted (with application in accordance with [s. 77(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/1)
[^c23160891]: Words in [s. 731(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23160911]: [S. 731(9B)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9B) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23775221]: Words in [s. 731(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2D) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/6)
[^c23775241]: Words in [s. 731(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775261]: [S. 731(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625331]: Source—1970 s.472; 1982 s.57; 1986 Sch.18 1, 3
[^c21625341]: [S. 732(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/1)
[^c21625351]: [S. 732(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5A) inserted (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.53(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/53/1)
[^c21625361]: [S. 732(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/7) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/2)
[^c22992741]: [S. 732(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/3) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23160951]: [S. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) inserted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/2)
[^c23160971]: [S. 732(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2/2A) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161001]: Words in [s. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161021]: [S. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4): definition of "overseas securities" substituted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/5)
[^c23161041]: [S. 732(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(6)(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/6/7), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23775381]: Words in [s. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 303](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/303) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625371]: Source—1970 s.473
[^c21625391]: Source—1970 s.474; 1973 Sch.11 7; 1979(C) Sch.7; 1978 s.30(7)
[^c21625401]: Words in [s. 734(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(41)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/41) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625411]: Source—1970 s.475; 1973 Sch.21 7
[^c23006311]: Words in [s. 735(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3) inserted (with effect in accordance with [Sch. 38 para 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/a)
[^c23006331]: Words in [s. 735(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/a) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/b)
[^c23006351]: Words in [s. 735(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/b) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/c)
[^c23006371]: Words in [s. 735(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/4) substituted (with effect in accordance with Sch. 38 para, 9(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/2)
[^c23006391]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/a)
[^c23006411]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) inserted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/b)
[^c21625421]: Source—1970 s.476
[^c21625431]: *See* s.237—*disallowance of reliefs in respect of bonus issues etc.*
[^c22992781]: [S. 737A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2/b) repealed (with effect in accordance with s. 159(1), Sch. 41 Pt. 5(21) Note 1 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21); [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23288451]: [S. 737A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23134971]: Words in [s. 737A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5) repealed (with effect in accordance with Sch. 18, Pt. 6(10) Notes 3, 4) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776901]: Words and paras. (a)(b) in s. 737A(1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 7](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/7)
[^c23776801]: Words in [s. 737A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/2)
[^c23776821]: Words in [s. 737A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/3)
[^c23776861]: [S. 737A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/4)
[^c23776841]: Words in [s. 737A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/3) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/5)
[^c23776881]: Words in [s. 737A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5/a) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/6)
[^c23781061]: [S. 737A](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/4)
[^c23780991]: Words in [s. 737A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5) inserted (with effect in accordance with [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/2)
[^c23781011]: [S. 737A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5A) inserted (with effect in accordance with [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 5(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/3)
[^c23781031]: Words in [s. 737A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/6) substituted (with effect in accordance with [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/4)
[^c23314581]: [S. 737B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737B/9) power exercised: 1.5.1995 appointed by [S.I. 1995/1007](https://www.legislation.gov.uk/uksi/1995/1007), [art. 2](https://www.legislation.gov.uk/uksi/1995/1007/article/2)
[^c23314591]: [S. 737B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737B/9) power exercised: 6.11.1996 appointed by [S.I. 1996/2645](https://www.legislation.gov.uk/uksi/1996/2645), [art. 2](https://www.legislation.gov.uk/uksi/1996/2645/article/2)
[^c22903571]: Words in [s. 737C(3)(b)(9)(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/3/b/9/11/c) substituted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3)
[^c22903611]: [S. 737C(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11A) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3)
[^c23043341]: [S. 737C(11B)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11B) inserted (with effect in accordance with [s. 159(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/3); [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23147961]: Words in [s. 737C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/2/b) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23138301]: [S. 737C(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/5/6) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23149351]: Words in [s. 737C(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/7/b) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23151321]: [S. 737C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/8/a) substituted (with effect in accordance with [Sch. 10 para. 16(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/2) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3))
[^c23151341]: Words in [s. 737C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/8/b) substituted (with effect in accordance with [Sch. 10 para. 16(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/2) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3))
[^c23151301]: Words in [s. 737C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/9) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23141181]: [S. 737C(11B)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11B) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23781231]: [S. 737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737C) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/5)
[^c23781171]: Words in [s. 737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737C) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/3)
[^c23781191]: Word in [s. 737C(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/3/b) repealed (with effect in accordance with Sch. 38 para. 21(1) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 1(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/1/a), [Sch. 43 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/15), Note 1
[^c23781211]: [S. 737C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/4) repealed (with effect in accordance with Sch. 38 para. 21(1) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 1(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/1/b), [Sch. 43 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/15), Note 1
[^c23781151]: Words in [s. 737C(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 17](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/17)
[^c23312521]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/2)
[^c23312541]: [S. 736B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/3)
[^c23776481]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/3)
[^c23776461]: [S. 736B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/4) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/1)
[^c23776661]: [S. 736C(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/14) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/2)
[^c21625771]: Source—1986 Sch.18 4
[^c21625781]: [S. 738(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/2) repealed (with effect as mentioned in s. 58(3) of the repealing Act) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 58(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/2), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 9; [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [reg. 5](https://www.legislation.gov.uk/uksi/1992/1346/regulation/5)
[^c21625831]: Source—1986 Sch.18 10(2)
[^c23151451]: [S. 738(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/3/4) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23161091]: [S. 738(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/1/a/b) repealed (with effect in accordance with s. 26 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note 2
[^c23312561]: Words in [s. 738(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 43](https://www.legislation.gov.uk/uksi/2001/3629/article/43)
[^c23217671]: Words in [s. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/3), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23781341]: Words in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 32](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/32) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23781361]: [S. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/6)
[^c23781431]: Words in [s. 737E(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/1/2) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/2)
[^c23781461]: Words in [s. 737E(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/3) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/3)
[^c23781411]: [S. 737E(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/8/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/8)
[^c23781501]: Words in [s. 737E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/4) inserted (with effect in accordance with [Sch. 24 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/2/a)
[^c23781521]: Words in [s. 737E(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/6/b) inserted (with effect in accordance with [Sch. 24 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/2/b)
[^c21625851]: *See* 1989 s.110—*residence of trustees; and* s.111—*residence of personal representatives.*
[^c23045681]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/12) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21625861]: Source—1970 s.478(1), (2), (2A), (2B); 1981 s.46(3), (4)
[^c23782381]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 459](https://www.legislation.gov.uk/ukpga/2005/5/section/459), [569](https://www.legislation.gov.uk/ukpga/2005/5/section/569) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23152251]: [S. 739(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/739/1A) inserted (with application in accordance with [s. 81(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/81/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/81/1)
[^c21625901]: *See* 1989 s.110—*residence of trustees; and* s.111—*residence of personal representatives.*
[^c23049101]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/12) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21625911]: Source—1981 s.45(1)-(6), (9)
[^c21625921]: *See* 1981 s.83(3)—*treatment of capital sums for capital gains tax.*
[^c23290661]: Words in [s. 740(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/6/a) substituted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/a)
[^c23291591]: Words in 740(6)(a) substituted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/b)
[^c23292281]: Words in 740(6)(b) inserted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/c)
[^c23782391]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 459](https://www.legislation.gov.uk/ukpga/2005/5/section/459), [569](https://www.legislation.gov.uk/ukpga/2005/5/section/569) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782401]: [S. 740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 468](https://www.legislation.gov.uk/ukpga/2005/5/section/468) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782411]: Words in [s. 740(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782431]: Words in [s. 740(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782471]: [S. 740(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782451]: Words in [s. 740(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625941]: Source—1970 s.478(3); 1981 s.45(7)
[^c23782501]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) renumbered as s. 741(1) (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(2)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/2/5)
[^c23782521]: [S. 741(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/741/2) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(3)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/3/5)
[^c21625951]: Source—1970 s.478(4)-(6); 1981 ss.45(7), 46(5)
[^c21625961]: Source—1985 Sch. 23 39
[^c21625971]: Source—1970 s.478(7)-(9); 1972 Sch.24 27; 1981 s.46(6)
[^c21625991]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c22902601]: Words in [s. 742(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/8) repealed (with effect in accordance with s. 251(3)(a) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/3), [Sch. 26 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8/1), Note
[^c23782621]: Words in [s. 742(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1) substituted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(2)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/2/6)
[^c23782641]: Words in [s. 742(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(3)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/3/6)
[^c23782661]: [S. 742(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1A/1B) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/4/6)
[^c23782701]: Words in [s. 742(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/9/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [97](https://www.legislation.gov.uk/uksi/2005/3229/regulation/97)
[^c23782721]: [S. 742(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/9A) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 22](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/22), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21626011]: Source—1970 s.480; 1971 Sch.6 72; 1981 s.46(7)
[^c21626021]: *See* 1970(M) s.31(3)—*appeals to go to Special Commissioners.*
[^c23055431]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 20(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/20/b)
[^c23161121]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (with effect in accordance with [Sch. 4 para. 20(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/2/a)
[^c23161161]: [S. 743(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1A) inserted (with effect in accordance with [Sch. 4 para. 20(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 20(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/3)
[^c23782741]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782771]: [S. 743(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782791]: [S. 743(1A)(a)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1A/a) substituted for s. 743(1A)(a)-(g) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782811]: [S. 743(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626031]: Source—1981 s.46(1), (2)
[^c21626041]: *See*—1981 s.84—s.745*to have effect for* 1981 ss.80 to 82 (*capital gains of non-resident settlements*).1984 Sch.14 para.15(2)—s.745*to have effect for* 1984 Sch.14 para.15(1)*as for* s.745,*but references to* Part XVII Ch.III*to be construed as references to* 1984 s.70*and* Sch.14.
[^c21626051]: Source—1970 s.481; 1972 Sch.24 28; 1981 s.45(8)
[^c21626061]: [S. 745(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/2) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 98(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/98/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626071]: *See* S.I. [1989 No. 1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c21626111]: 1989 s.107*and* Sch.12 para.17.*Previously* “trading companies (as defined in paragraph 7 of Schedule 19)”.
[^c22902621]: Words in [s. 745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4) repealed (partly retrospective to 30.11.1993 and otherwise with effect in accordance with s. 251(3)(a) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/3), [Sch. 16 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/part/8/1), Note
[^c23062951]: [S. 745(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/5A) inserted (with application in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/c)
[^c23782831]: Words in [s. 745(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 306](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/306) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626131]: Source—1970 s.479.
[^c23782891]: [S. 746](https://www.legislation.gov.uk/ukpga/1988/1/section/746) renumbered as s. 746(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782851]: Words in [s. 746(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/746/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782871]: [S. 746(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/746/2/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626141]: [Pt. XVII Ch. IV](https://www.legislation.gov.uk/ukpga/1988/1/part/XVII/chapter/IV) (ss. 747-756) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/3)
[^c21626151]: Source—1984 s.82
[^c22903671]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/3)
[^c23226861]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228081]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23227981]: Words in [s. 747(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23288481]: [S. 747A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747A/4/a) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [2(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/2/2); [S.I. 2003/1282](https://www.legislation.gov.uk/uksi/2003/1282), [art. 2](https://www.legislation.gov.uk/uksi/2003/1282/article/2)
[^c23228001]: Words in [s. 747(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228021]: Words in [s. 747(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228041]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228061]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23300801]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/1)
[^c23298411]: [S. 747(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 paras. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3), [9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/1)
[^c23312831]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) modified (with effect in accordance with Sch. 29 Pt. 14 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116)
[^c23312811]: [S. 747(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1B) inserted (1.4.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 90(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/1/2/a) (with [s. 90(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/2/b))
[^c23783141]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c21626161]: Source—1984 s.83
[^c22903731]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/4)
[^c23071561]: Words in [s. 748(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3/a) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/2)
[^c23228181]: Words in [s. 748(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1) substituted (with effect in accordance with [Sch. 17 para 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228201]: Words in [s. 748(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228221]: [S. 748(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/e) and preceding word inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228241]: [S. 748(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228261]: [S. 748(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/2) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/27); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228281]: Word in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228301]: Words in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312891]: [S. 748(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/6) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/1)
[^c23783361]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c21626201]: Source—1984 s.85
[^c21626211]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (27.7.1993 with application in relation to accounting periods beginning on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/1/2)
[^c22903781]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/5)
[^c23228341]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228361]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228381]: [S. 750(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23307091]: Words in [s. 750(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/b) repealed (with effect in accordance with Sch. 30 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c23783811]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783861]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/2)
[^c23783881]: [S. 750(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1A/1B) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/3)
[^c21626221]: Source—1984 s.86
[^c21626231]: 1990 s.89*and* Sch.14 para.9 (*correction of errors*)—*deemed always to have had effect. Previously* “the persons”.
[^c21626241]: 1990 s.67(2), (4)*on and after* 20*March* 1990.
[^c22902641]: [S. 751(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/2/bb) repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/4), [Sch. 26 Pt. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8), Note
[^c23784011]: [S. 751(1)-(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23228401]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228421]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228441]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228461]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228481]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with Sch. 17 para. 37 of amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228501]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228531]: [S. 751(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228551]: Words in [s. 751(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626271]: *See* 1970(M) s.55(1)(g)*and* (6A).
[^c21626281]: Source—1984 s.89(1)-(4), (7)-(11)
[^c23228631]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228841]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228861]: [S. 754(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228651]: [S. 754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228881]: [S. 754(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228671]: [S. 754(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/3) substituted for s. 754(3) (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228981]: [S. 754(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/4) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/7), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228691]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228771]: Words in [s. 754(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228901]: Words in [s. 754(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228921]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(d)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/d); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228941]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228791]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228961]: Words in [s. 754(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/b) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228821]: Word in [s. 754(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/8) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626301]: Source—1984 s.91
[^c23229231]: [S. 756(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1): definition of "company tax return" inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/16); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312381]: [S. 756(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3/a) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/a), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23312401]: Words in [s. 756(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23316391]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (10.6.1999) by The Non-resident [Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)](https://www.legislation.gov.uk/uksi/1999/1408), [regs. 3-6](https://www.legislation.gov.uk/uksi/1999/1408/regulation/3)
[^c23229181]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23314601]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [18](https://www.legislation.gov.uk/uksi/1998/1871/regulation/18)
[^c23288531]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30B](https://www.legislation.gov.uk/uksi/1997/473/regulation/30B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [4](https://www.legislation.gov.uk/uksi/1999/2636/regulation/4); and as that reg. 30B is amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [24](https://www.legislation.gov.uk/uksi/2004/822/regulation/24))
[^c23312581]: Words in [s. 755A(1)(c)(5)(7)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/1/c/5/7/12) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/j)
[^c23785881]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [16](https://www.legislation.gov.uk/uksi/2004/2680/regulation/16); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23785891]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/2005/2014/regulation/22) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [21](https://www.legislation.gov.uk/uksi/2007/2134/regulation/21))
[^c23785811]: Words in [s. 755A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/3) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/8)
[^c23785851]: [S. 755A(11)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/11) substituted for s. 755A(11) (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/9)
[^c23785931]: [S. 755A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4A) inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/a)
[^c23785951]: Words in [s. 755A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/8) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/b)
[^c23785971]: [S. 755A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/9) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/c)
[^c23229201]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23229211]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23312621]: [S. 755B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/755B/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 44](https://www.legislation.gov.uk/uksi/2001/3629/article/44)
[^c23783031]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/45/5/6)
[^c23783571]: Words in [s. 748A(1)(c)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748A/1/c/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23783591]: [S. 748ZA(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA/5/a) omitted (with effect in accordance with Sch. 5 paras. 6(3), 7(3)(4) of the repealing Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 5 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7/2/a)
[^c21626341]: Source—1984 s.92(1), (7)
[^c21626351]: Words in [s. 757(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(43)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/43) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626361]: Source—1984 s.92(2)-(6), (8)
[^c21626441]: 1990 s.89*and* Sch.14 para.10 (*correction of errors*)—*deemed always to have had effect.*
[^c23788311]: [S. 757](https://www.legislation.gov.uk/ukpga/1988/1/section/757) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 7](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/7) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c23312931]: [S. 757(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^c23789391]: Words in [s. 757(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/2)
[^c23789431]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/a)
[^c23789451]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/b)
[^c23789471]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/a)
[^c23789491]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/b)
[^c21626481]: Source—1984 s.93
[^c21626491]: Words in [s. 758(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/5/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(44)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/44) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23312951]: Words in [s. 758(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/6)
[^c23789551]: [S. 758](https://www.legislation.gov.uk/ukpga/1988/1/section/758) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2004/2572/regulation/3)
[^c23789531]: [S. 758(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/7/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/5)
[^c21626561]: Source—1984 s.94
[^c21626571]: Words in [s. 759(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(45)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/45) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22903881]: [S. 759(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1A) inserted (with application in accordance with [s. 134(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/3)
[^c23789561]: [S. 759(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1/1A) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789591]: Words in [s. 759(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/2) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789611]: Words in [s. 759(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/3) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/4) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789631]: Words in [s. 759(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/5) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789651]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789681]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626601]: Source—1984 s.95
[^c23789871]: [S. 760](https://www.legislation.gov.uk/ukpga/1988/1/section/760) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)
[^c23789771]: [S. 760(3)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/3/b) and preceding word repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789821]: [S. 760(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/3), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789711]: Words in [s. 760(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789731]: Words in [s. 760(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789751]: [S. 760(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626641]: Source—1984 s.96; 1987 Sch.15 16(1)
[^c21626651]: 1990 s.89*and* Sch.14 para.11 (*correction of errors)*—*deemed always to have had effect. Previously* “and Schedule.”
[^c21626661]: Words in [s. 761(2)(3)(5)(6)(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2/3/5/6/7/a/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(47)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/47) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626691]: [S. 761(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/4) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23789881]: Words in [s. 761(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789901]: [S. 761(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789921]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/i)
[^c23789941]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/ii)
[^c23789961]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/i)
[^c23789981]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/ii)
[^c23790001]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/iii)
[^c23790021]: [S. 761(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/7/b) substituted (with effect in accordance with [Sch. 12 para. 47(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 47(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/1)
[^c21626751]: Source—1984 s.97
[^c21626761]: Words in [s. 762(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(48)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/48) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790211]: Word in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23790231]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626851]: Source—1984 s.98
[^c21626861]: Words in [s. 763(1)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(49)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/49) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790431]: Words in [s. 763(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6) substituted (with retrospective effect in accordance with [Sch. 26 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790411]: [S. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788291]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788301]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21627011]: *Provisions of this section employed in* 1988(F) ss.105, 130*and* Sch.7.
[^c21627021]: Source—1970 s.482(1)-(4)
[^c21627031]: 1990 s.68(1), (4)*in relation to transactions carried out on or after* 1*July* 1990.
[^c21627041]: *Repealed by* 1988(F) ss.105(6), 148*and* Sch.14 Part IV*from* 15*March* 1988.*And see* 1988(F) ss.61, 130-132*and* Sch.7*for new requirements for companies from* 15*March* 1988.
[^c21627051]: 1988(F) s.105(6)*from* 15*March* 1988.*Previously* “so resident”.
[^c21627071]: O.J. No. L178/5
[^c21627081]: Source—1970 s.482(5)
[^c21627091]: Source—1970 s.482(6)
[^c21627101]: Source—1970 s.482(11)
[^c21627111]: Source—1970 s.482(7)
[^c21627121]: Source—1970 s.482(8)-(10)
[^c21627131]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627141]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21627151]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627161]: Source—1970 s.482(12)
[^c21627171]: Source—1970 s.483(1)-(7)
[^c21627191]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c23791281]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791371]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791451]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23312661]: Words in [s. 768(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/55)
[^c21627271]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c21627281]: Source—1970 s.484
[^c21627341]: [S. 769(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6) substituted (*in relation to change of ownership occurring on or after* 14*March* 1989) by [Finance Act 1989 (c. 26, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/100/2).
[^c21627351]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c21627361]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c22902721]: [S. 769(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/4)
[^c22902741]: [S. 769(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/9) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/5)
[^c22903911]: Words in [s. 769(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903991]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903951]: [S. 769(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3A) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/3)
[^c22903971]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/4)
[^c22904001]: Words in [s. 769(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/5) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c23082371]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/a)
[^c22992841]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23229421]: Word in [s. 769(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/5) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/a)
[^c23229491]: Words in [s. 769(1)(2)(d)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/2/d/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23314631]: Word in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/b)
[^c23229461]: Words in [s. 769(2A)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A/9) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/c)
[^c23229531]: Words in [s. 769(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23229551]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/c) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23791381]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791331]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791351]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229371]: [S. 767B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/1A) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/1)
[^c23229381]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/a)
[^c23229391]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/b)
[^c23229401]: Words in [s. 767B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/4) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/3)
[^c23229411]: Words in [s. 767B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/10) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/4)
[^c23076701]: [S. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) substituted for s. 768B(10)(11) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23077761]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312681]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 56](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/56)
[^c23312971]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313001]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23791251]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23790871]: Words in [s. 768B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/2)
[^c23790891]: Words in [s. 768B(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/a)
[^c23790911]: Words in [s. 768B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/b)
[^c23790931]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/4)
[^c23790951]: Words in [s. 768B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/9/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/5)
[^c23790971]: Words in [s. 768B(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/14) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/6)
[^c23791391]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791471]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791291]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/1)
[^c23082351]: [S. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) substituted for s. 768C(9)(10) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/40) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313021]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/10) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313041]: [S. 768C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/13) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/2)
[^c23791261]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23791011]: Words in [s. 768C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/2)
[^c23791031]: Words in [s. 768C(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/7/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/3)
[^c23791051]: [S. 768C(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/12): definition substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/4)
[^c23791401]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791481]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791311]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/2)
[^c23791341]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791361]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229631]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c23791271]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791411]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791491]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791071]: Words in [s. 768D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/a)
[^c23791091]: Words in [s. 768D(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/b)
[^c23791111]: Words in [s. 768D(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/a)
[^c23791131]: Words in [s. 768D(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/b)
[^c23791151]: Words in [s. 768D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/4)
[^c23791191]: [S. 768D(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/8/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/5)
[^c23791421]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791501]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791211]: Words in [s. 768E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/2)
[^c23791231]: Words in [s. 768E(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/7) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/3)
[^c21627451]: Source—1970 s.486
[^c23793501]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23793521]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627461]: Source—1970 s.487(1)-(7)
[^c23794971]: Words in [s. 775(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/775/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 311(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/311/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23794951]: [S. 775(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/775/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 311(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/311/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627481]: Source—1970 s.488; 1979(C) Sch.7
[^c21627491]: Words in [s. 776(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(50)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/50) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23261011]: Words in [s. 776(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a/b) substituted (31.7.1998) by [Finance Act 1998 (c. 6)](https://www.legislation.gov.uk/ukpga/1998/6), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/6/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/6/schedule/7/paragraph/1)
[^c23795051]: Word in [s. 776(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6) substituted (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(4)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/4); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23795151]: Words in [s. 776(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795071]: [S. 776(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795091]: Words in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795111]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795131]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627521]: Source—1970 s.489; 1979(C) Sch.7
[^c21627531]: Words in [s. 777(11)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11/12) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(51)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/51) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23796281]: Words in [s. 777(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796301]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627551]: Source—1970 s.490
[^c21627561]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c22902761]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 23](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/23)
[^c21627571]: Source—1970 s.491
[^c22902821]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(8)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/8) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c23082471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/22) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22904051]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/10)
[^c22904011]: Words in [s. 779(13)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/a) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/27), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c23312471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23264461]: Words in [s. 779(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23796881]: Words in [s. 779(13)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 101](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/101) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23796901]: Words in [s. 779(13)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 32(2)
[^c23796921]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) renumbered as s. 779(10)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796941]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796961]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796981]: [S. 779(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797001]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797021]: [S. 779(13)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797061]: Words in [s. 779(13)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797041]: [S. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23082491]: [S. 780](https://www.legislation.gov.uk/ukpga/1988/1/section/780) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/23) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627581]: Source—1972 s.80
[^c23269121]: Words in [s. 780(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797221]: Words in [s. 780(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797241]: [S. 780(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22902841]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1)
[^c22902861]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(6)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/6)
[^c22902921]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904071]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/1)
[^c21627591]: Source—1970 s.492 (1)-(5), (7)-(9); 1971 Sch.8 16(7)
[^c21627601]: *See* 1979(C) s.106*and* Sch.3 para.9—*amounts charged under* s.781*to be excluded in computing capital gains.*
[^c23082531]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/1) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c23082391]: Words in [s. 781(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/2)
[^c23082411]: [S. 781(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/3)
[^c23312441]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23271011]: Words in [s. 781(4)(a)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/a/5/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23312701]: Words in [s. 781(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 57](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/57)
[^c23797301]: Words in [s. 781(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 102](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/102) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23797321]: Words in [s. 781(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 33(2)
[^c23797401]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8), [20](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797341]: Words in [s. 781(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797361]: [S. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797381]: Words in [s. 781(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22902941]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/5)
[^c22902961]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904091]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/2)
[^c23082551]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627621]: Source—1970 s.493; 1971 Sch.8 16(8)
[^c23312481]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23276161]: Words in [s. 782(1)(a)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1/a/2/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797581]: Words in [s. 782(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797601]: [S. 782(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1A) inserted (with effect in accordance with [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/2)
[^c21627631]: Source—1970 s.494
[^c22902981]: [S. 783(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/2) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/2)
[^c22903001]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1/a/3)
[^c21627641]: *See*—s.756—s.783(11)*applied for purposes of* Part XVII Ch.IV (*controlled foreign companies*),s.798(10)—s.783(11)*applied for purposes of* s.798 (*interest on certain overseas loans*).
[^c23797661]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8/2), [20(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797641]: Words in [s. 783(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797711]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16/2), [25(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25/2)
[^c23797671]: Words in [s. 783(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [98](https://www.legislation.gov.uk/uksi/2005/3229/regulation/98)
[^c21627651]: Source—1970 s.495
[^c21627661]: Source—Consumer Credit Act 1974 Sch.4 29
[^c23279891]: Words in [s. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797791]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 319](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/319) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627681]: Source—1970 s.496
[^c22992861]: [S. 786(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/4) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 1; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23798221]: Words in [s. 786(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798261]: [S. 786(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798241]: Words in [s. 786(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798281]: [S. 786(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798301]: [S. 786(5ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5ZA) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/8/2)
[^c21627691]: Source—1976 s.38
[^c23798441]: [S. 787](https://www.legislation.gov.uk/ukpga/1988/1/section/787) extended (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/8)
[^c23313081]: [S. 787(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/2)
[^c23313101]: [S. 787(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/3) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/3)
[^c23797851]: [S. 785A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/785A/5A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/7/2)
[^c21627721]: *See*—1970 ss.267, 273, 273A*and* 276(groups)—*disapplication of those provisions in the case of companies treated as resident outside the U.K. by virtue of* s.788.1989 s.115—*calculation of tax credit for non-resident on gross amount of distribution.*1990 s.32(8)—*application of* s.788*to assets held by employee share ownership trusts.* [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/1)
[^c21627741]: Source—1970 s.497(1)-(8); 1972 ss.98(2), 100(1); 1976 s.50(2); 1987 s.70(1)
[^c22810261]: [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810241]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) repealed (1.4.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22810221]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) inserted (with effect in accordance with [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/1)
[^c22810271]: Words in [s. 788(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/1)
[^c22810291]: Words in [s. 788(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7/a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799001]: Words in [s. 788(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799021]: Words in [s. 788(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799061]: [S. 788(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/2) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23799041]: [S. 788(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/10) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 176](https://www.legislation.gov.uk/ukpga/2006/25/section/176)
[^c21627751]: Source—1970 s.497(9), (10); 1971 sch.6 74; 1972 s.100(1)
[^c21627761]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21627771]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c22810331]: Words in [s. 789(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/21)
[^c21627781]: Source—1970 s.498(1); 1972 s.100(1)
[^c21627791]: Source—1970 s.498(2)
[^c21627801]: Source—1970 s.498(3); 1972 s.100(1)
[^c21627811]: Source—1970 s.498(4); 1971 s.26(3); 1972 s.83(1)-(5)
[^c21627821]: Source—1970 s.498(5), (6); 1972 s.100(1)
[^c22810431]: [S. 790](https://www.legislation.gov.uk/ukpga/1988/1/section/790) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810351]: Words in [s. 790(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3) substituted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/2)
[^c22810391]: Words in [s. 790(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/2)
[^c22810411]: [S. 790(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/3)
[^c22810371]: [S. 790(10A)-(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/10A) inserted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/3)
[^c22894231]: Words in [s. 790(3)(5)(b)(10A)(d)(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3/5/b/10A/d/10C) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799161]: Words in [s. 790(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23799171]: Words in [s. 790(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/11) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627831]: *For regulations see* Part III Vol.5
[^c21627841]: Source—1970 s.517
[^c21627871]: Source—1970 s.500
[^c22894301]: Words in [s. 792(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802251]: [S. 792](https://www.legislation.gov.uk/ukpga/1988/1/section/792) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802231]: [S. 792(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1): words in definition of "foreign tax" inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 115(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/1)
[^c23802281]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627881]: Source—1970 s.501; 1972 s.100 (1).
[^c21627891]: Source—1970 s.502; 1982 s.67; 1972 s.100(1).
[^c22894511]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/5)
[^c22894531]: [S. 794(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/c) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/6), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13)
[^c23802331]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802301]: Words in [s. 794(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 103](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/103) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23802321]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21627901]: Source—1970 s.503; 1972 s.100(1); 1987 Sch.15 2(18)
[^c22894551]: [S. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/41) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894601]: Words in [s. 795(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b) renumbered as s. 795(2)(b)(i) (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894571]: [S. 795(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894631]: [S. 795(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/3)
[^c22894671]: Words in [s. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) renumbered as s. 795(4)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c22894651]: [S. 795(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c23802431]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802341]: Words in [s. 795(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1) renumbered as s. 795(1)(a) (22.7.2004) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802361]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) and preceding word inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802421]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 277(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1A) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/6))
[^c23802381]: Words in [s. 795(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/a) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/3)
[^c23802401]: [S. 795(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/5) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/4)
[^c21627911]: Source—1970 s.504
[^c22894701]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (with effect in accordance with [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/12)
[^c21627921]: Source—1970 s.505; 1972 s.100(1), (3); 1984 s.53(1)
[^c21627931]: Source—1972 s.100(4)-(6A); 1984 s.53(1); 1986 s.49; 1987 (No.2) s.77
[^c22894721]: [S. 797(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3A/3B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894771]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/a/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894741]: [S. 797(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894781]: [S. 797(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/4/5) repealed (with effect in accordance with Sch. 3 para. 35(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/35/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22894801]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 54](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/54)
[^c23802601]: Words in [s. 797(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/1) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/2)
[^c23802621]: Words in [s. 797(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/3)
[^c23802641]: [S. 797(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2A) inserted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/4)
[^c23802681]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802661]: Words in [s. 797(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 34(2)
[^c23803041]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803121]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894841]: Word at the end of s. 797A(5)(a) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4)
[^c22894821]: [S. 797A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/c) and preceding word repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894861]: Words at the end of s. 797A(5) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/c/4)
[^c22894901]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/d/4)
[^c22894881]: Words at the end of s. 797A(7) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/e/4)
[^c22894931]: Word in [s. 797A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/a) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/a)
[^c22894951]: Words in [s. 797A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/b) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/b)
[^c23802771]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894991]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/i)
[^c22895011]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/ii)
[^c22895071]: [S. 797A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/b)
[^c22895031]: Word in [s. 797A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/c)
[^c22895101]: Words in [s. 797A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22895051]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/3)
[^c22895141]: Words in [s. 797A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/7) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23803061]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803131]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803081]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803141]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802291]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894471]: Words in [s. 793A(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793A/1/a/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802531]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894501]: Words in [s. 795A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795A/1/b) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802961]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803151]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627961]: Source—1970 s.506; 1976 s.50(3)
[^c22895281]: Words in [s. 799(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1) renumbered as s. 799(1)(a) (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895261]: [S. 799(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1/b) and preceding word inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895291]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/3)
[^c22895311]: Word at the end of s. 799(3)(a) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/a)
[^c22895331]: [S. 799(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/b) repealed (with effect in accordance with Sch. 30 para. 8(5)(6) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/b), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895351]: Words in [s. 799(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/c) substituted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/c)
[^c22895371]: [S. 799(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/5) added (with effect in accordance with [Sch. 30 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/2)
[^c22895391]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) substituted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/2)
[^c22895411]: [S. 799(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1B) inserted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/3)
[^c23803451]: [S. 799(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/2A) inserted (with effect in accordance with [s. 85(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/2) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/1)
[^c23803471]: Words in [s. 799(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/6/b) inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/7)
[^c21627981]: Source—1970 s.508; 1971 s.26(2)
[^c22895871]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/a)
[^c22895891]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/b)
[^c22895911]: [S. 801(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/9)
[^c22895931]: [S. 801(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A) inserted (with effect in accordance with [Sch. 30 para. 11(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 11(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/2)
[^c22895971]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) inserted (with effect in accordance with [Sch. 27 para. 3(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/3)
[^c23803591]: Words in [s. 801(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23803671]: Words in [s. 801(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2) substituted (with effect in accordance with [s. 91(8)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/8) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/5)
[^c23803601]: [S. 801(2A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A/aa) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/2)
[^c23803641]: [S. 801(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2B) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/3)
[^c23803691]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) repealed (with effect in accordance with s. 91(8) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/6), [Sch. 11 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/9), Note
[^c23803651]: [S. 801(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/6/7) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/4)
[^c23803741]: [S. 801(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/5A) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 43(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/2)
[^c21628011]: Source—1982 s.66; 1987 (No.2) s.68
[^c22896271]: Words in [s. 803(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/b) inserted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/a)
[^c22896291]: Words in [s. 803(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/c) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/b)
[^c22896311]: [S. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/c)
[^c22896331]: Words in [s. 803(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/3) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/3)
[^c22896591]: [S. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted for s. 803(10)(11) (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/10)
[^c23803891]: Words in [s. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 86(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/a)
[^c23803911]: [S. 803(4)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/4) repealed (with effect in accordance with s. 86(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/b), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/8), Note
[^c22896071]: Words in [s. 801A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/1/a) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/11)
[^c22896091]: Words in [s. 801A(2)(7)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/2/7/11) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/12)
[^c23804001]: [S. 803A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/803A/1A) inserted (with effect in accordance with [s. 90(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/2)
[^c21628021]: Source—1970 s.510; 1971 Sch.6 75
[^c22897241]: Words in [s. 804(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/1) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897261]: [S. 804(5)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5) substituted for s. 804(5) (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/2) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definition of "overlap profit" inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/a) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897301]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definitions of "non-basis period" and "years of commencement" repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897331]: Words in [s. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8) repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897351]: Words in [s. 804(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/7) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/22)
[^c23804191]: Words in [s. 804(5)(b)(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5/b/5A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804221]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804241]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804261]: Words in [s. 804(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5C) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): words in definition of "overlap profit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22897371]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c22897391]: [S. 804A(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted for s. 804A(1) (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/2)
[^c22897411]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/3)
[^c22897431]: Words in [s. 804A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/5) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/4)
[^c23804341]: Words in [s. 804A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628041]: *See* s.732(4)—*dealers in securities.*
[^c23805031]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21628051]: Source—1970 s.511; 1972 s.100(1)
[^c21628061]: *See* s.448—*overseas life assurance companies.*
[^c22897581]: [S. 806(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/3) inserted (17.3.1998 with effect in accordance with [s. 107(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 107(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/1)
[^c22897601]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22897611]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23805041]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22897621]: [S. 806(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/1) substituted (with effect in accordance with [Sch. 30 para. 20(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/2)
[^c22897471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30C](https://www.legislation.gov.uk/uksi/1997/473/regulation/30C) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [25](https://www.legislation.gov.uk/uksi/2004/822/regulation/25))
[^c22897211]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22897481]: Words in [s. 804B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/2) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 6(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/6/a)
[^c22897501]: Words in [s. 804B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 6(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/6/b)
[^c22897521]: Words in [s. 804B(4)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4/b/5/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(k)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/k)
[^c23804411]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/a)
[^c23804431]: Words in [s. 804B(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/b) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/b)
[^c23804471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2005/2014/regulation/23) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [22](https://www.legislation.gov.uk/uksi/2007/2134/regulation/22); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2008/1937/regulation/10))
[^c23804451]: [S. 804B(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/7)
[^c23804741]: Words in [s. 804C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/4/5) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/3)
[^c23804771]: [S. 804C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/13) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/4)
[^c22897551]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30D](https://www.legislation.gov.uk/uksi/1997/473/regulation/30D) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [26](https://www.legislation.gov.uk/uksi/2004/822/regulation/26))
[^c23804881]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2005/2014/regulation/24)
[^c22897221]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22897231]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22898011]: Words in [s. 806A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806A/5) added (with effect in accordance with [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/2)
[^c22898031]: [S. 806B(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/3) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/2)
[^c22898051]: Words in [s. 806B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/9) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/3)
[^c23805811]: [S. 806K(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23805821]: [S. 806K(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/2/bb) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23805901]: Words in [s. 806L(1)(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/1/2/4/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23805881]: [S. 806L(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/7) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/3)
[^c23806021]: Words in [s. 806M(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806M/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628081]: Source—1985 Sch.23 37
[^c21628091]: Source—1988 Sch.23 38(1)-(3)
[^c22898151]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 45](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/45) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23806331]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 325](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/325) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628111]: Source—1976 s.50(1)
[^c21628121]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.21](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21)
[^c22899541]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/a)
[^c22899561]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/b)
[^c22899581]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) repealed (with effect in accordance with s. 140(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/c), [Sch. 26 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/18), Note
[^c21628141]: Source—1973 s.18
[^c23806821]: Words in [s. 809(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 24(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/24/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23806841]: Words in [s. 809(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 24(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/24/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21628191]: Source—1970 s.516; 1973 s.40(1); 1987 Sch.15 2(19)
[^c21628212]: [S. 811(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/c) and preceding word repealed (with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(g)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/g/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22899621]: [S. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 47](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/47) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899641]: [S. 811(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/4) inserted (with effect in accordance with [Sch. 30 para. 27(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 27(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/2)
[^c22899661]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22899671]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22899681]: Word preceding s. 811(2)(b) repealed (with effect in accordance with Sch. 27 para. 6(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/a), [Sch. 33 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/8), Note
[^c22899701]: Word at the end of s. 811(2)(b) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/b)
[^c22899721]: [S. 811(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/d) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/c)
[^c22899761]: Words in [s. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) renumbered as s. 811(3)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c22899741]: [S. 811(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c23806891]: Words in [s. 811(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [s. 115(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/2)
[^c21628221]: Source—1985 s.54(1),(3)
[^c21628231]: Source—1985 s.54(6) Sch.13 5
[^c21628241]: Source—1985 s.54(4),(5)
[^c21628251]: Source—1985 s.54(6) Sch.13 5.
[^c21628261]: Source—1985 s.54(7)(b), Sch.13 5(1)
[^c21628271]: Source—1985 s.54(7)(a)
[^c21628281]: Source—1985 s.54(8)
[^c22899771]: [S. 812(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/4/a) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/2), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22899791]: Words in [s. 812(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/3)
[^c22899821]: Words in [s. 812(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807201]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807221]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807241]: [S. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 201](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/201) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23807301]: Words in [s. 812(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1/b) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/30) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23807261]: Words in [s. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c23807281]: [S. 812(5)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/d) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c21628291]: Source—1985 Sch.13 1
[^c21628301]: *Reproduced in* Part III Vol.5.
[^c21628311]: [S.I. 1973/317](https://www.legislation.gov.uk/uksi/1973/317).
[^c22899851]: [S. 813(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/813/6/b) repealed (with effect in accordance with Sch. 3 para. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/37/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21628321]: Source-1985 Sch. 13 3
[^c23807321]: [S. 814(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23807331]: Words in [s. 814(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1/a) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/31) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c21628331]: Source—1985 Sch.13 4(1)
[^c21628391]: *See* 1979(C) s.10(4)—*application to capital gains tax.* [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/5)
[^c21628401]: Source—1970 s.518; 1972 s.100(1)
[^c21628411]: [S. 816(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/2)
[^c22900281]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) inserted (with effect in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/d)
[^c22900311]: [S. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900331]: Word in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/c)
[^c23807421]: Words in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(a)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/a); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807481]: [S. 816(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/5) added (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(c)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/c); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23808361]: [S. 816(2)(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23807471]: Words in [s. 816(2)(2ZA)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA/2A) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(b)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/b); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23806781]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806791]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628351]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)) [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(5)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22900201]: [S. 815A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/2) substituted for s. 815A(2)-(4) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/39)
[^c23807351]: Words in [s. 815A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23807381]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140F(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/4) (as substituted (29.11.2007 with effect in accordance with reg. 3 of the affecting S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2))
[^c23807361]: Words in [s. 815A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/1) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/1)
[^c22898181]: Words in [s. 807A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/2)
[^c22898201]: [S. 807A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2A) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/3)
[^c22898221]: Words in [s. 807A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/3/b) inserted (with effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/4)
[^c22898241]: [S. 807A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/5)
[^c22898261]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22898291]: Words in [s. 807A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b) renumbered as s. 807A(2)(b)(i) (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898271]: [S. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898301]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/3)
[^c22898331]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898351]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898371]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant payment" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898391]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c23806531]: [S. 807A(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2B) inserted (with effect in accordance with [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/2)
[^c23806801]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806811]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900221]: Words in [s. 815AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c21628421]: Source—1970 s.519.
[^c21628431]: *See* s.125—*annual payments for non-taxable consideration.*
[^c22800371]: [S. 817(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/b) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c23812231]: Word in [s. 817(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812251]: Words in [s. 817(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812271]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812291]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812331]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812311]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628441]: Source—1970 s.425; 1971 Sch.6 51
[^c23812351]: Words in [s. 818(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/818/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 328(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/328/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812371]: [S. 818(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/818/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 328(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/328/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628481]: Source—1971 Sch.7 2-4; 1978 Sch.2 14
[^c21628491]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21628501]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22800381]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/13)
[^c22800391]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) inserted (with effect in accordance with [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/1/a)
[^c22800411]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 21(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/1/b)
[^c22800461]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(9)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/9/c)
[^c23812391]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 329](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628561]: Source—1970 s.523
[^c21628891]: Source—1975 (No.2) s.47(3)(a)
[^c22801891]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 146, Sch.13 para.7(c)
[^c22801921]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) repealed (on and after 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch.17 Part 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801901]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch.13 para.7(c)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/c)
[^c23813091]: Words in [s. 824(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629221]: *Repealed by* 1989 s.178(7)*and* 187*and* Sch.17 Part X*from* 18*August* 1989 (*see* S.I. [1989 No.1298](https://www.legislation.gov.uk/ukcm/1989/1298)).
[^c21629261]: *See* Table I*in* Vol.1*and see* 1989 s.178*for further regulation making powers and* Part III Vol.5*for regulations.*
[^c21629281]: *And see* Sch.30 para.1(9).
[^c22802181]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802941]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(a) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/a)
[^c22802951]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(b) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/b)
[^c22802961]: Words in [s. 826(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5/b) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/3)
[^c22803451]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/a)
[^c21629551]: Source—1986 s.53.
[^c22803521]: [S. 827(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 7 para. 31](https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/31)
[^c22803541]: Words in [s. 827(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/a)
[^c22803561]: Words in [s. 827(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/a) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/b)
[^c22803581]: Words in [s. 827(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/b/c) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/c)
[^c22803611]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/d)
[^c22803631]: [S. 827(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1A) inserted (1.11.1994 for specified purposes and 1.1.1995 otherwise) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 18(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/18/7), [19(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/1) (with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/3)); [S.I. 1994/2679](https://www.legislation.gov.uk/uksi/1994/2679), [arts. 2](https://www.legislation.gov.uk/uksi/1994/2679/article/2), [3](https://www.legislation.gov.uk/uksi/1994/2679/article/3) (with [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/2679/article/4/3))
[^c22803651]: [S. 827(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 5 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/40)
[^c22803671]: [S. 827(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/4)
[^c22803691]: [S. 827(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1E) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/49/3)
[^c23814871]: [S. 827(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1G) inserted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/6)
[^c23814891]: [S. 827(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1F) inserted (27.11.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 24(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/24/7), [40](https://www.legislation.gov.uk/ukpga/2003/14/section/40); [S.I. 2003/2985](https://www.legislation.gov.uk/uksi/2003/2985), [art. 2](https://www.legislation.gov.uk/uksi/2003/2985/article/2)
[^c23814911]: Words in [s. 827](https://www.legislation.gov.uk/ukpga/1988/1/section/827) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815001]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815021]: [S. 827(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629671]: 1989 s.178(6).
[^c21629691]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 17(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/17/3)
[^c22803721]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/24)
[^c22803761]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 58](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/58)
[^c23815061]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815081]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815161]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815181]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815141]: Words in [s. 828(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629741]: Source—1970 ss.524, 525(1)
[^c21629751]: Words in [s. 829(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2) inserted (27.7.1993 with effect in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 122(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/122/1/3)
[^c22803771]: [S. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/2)
[^c23816121]: Words in [s. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/11/2/a)
[^c23816141]: Words in [s. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/11/2/b)
[^c21629771]: Source—1973 s.38(1), (2)-(4), (6)
[^c21629781]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22803791]: Word in [s. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23816181]: [S. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23816191]: Words in [s. 830(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 335](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/335), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630391]: 1970 s.526(5), 527(1); 1971 s.32(1), (1D), Sch.8 16(3); 1976 Sch.4 11; 1972 s.93(6); 1979(C), Sch.7; 1981 s.34(5); 1987 Sch.15 2(20)
[^c21630421]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21630441]: Word in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(54)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/54) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21630461]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630471]: [1923 c. 8](https://www.legislation.gov.uk/ukpga/1923/8).
[^c21630481]: [S.I. 1979/1574 (N.I. 13)](https://www.legislation.gov.uk/nisi/1979/1574).
[^c21630491]: 1990 s.127*and* Sch.18 para.5(3)*on and after* 1*April* 1990.*Previously* “ “local authority” and “local authority association” have the meanings given by section 519;”.
[^c21630501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(9)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/9/10/11)
[^c21630511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of “the rate applicable to trusts” inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.15](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/15), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21630531]: Source—1970 s.526(6)
[^c21630541]: Source—1970 s.526(3), (4)
[^c21630551]: Source—1970 s.526(5A); 1987 Sch.15 2(21)
[^c22804321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "recognised clearing system" repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/25), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c22804331]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Schedule A business" inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/28)
[^c22804351]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "additional rate" repealed (with effect in accordance with Sch. 18 Pt. 6(1) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/1)
[^c22804371]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "open-ended investment company", "authorised corporate director", "owner of shares" and "scheme property" inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 14](https://www.legislation.gov.uk/uksi/1997/1154/regulation/14)
[^c22804391]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the Schedule F ordinary rate", "the Schedule F trust rate", and "the Schedule F upper rate" inserted (with effect in accordance with [Sch. 4 para. 22(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/1)
[^c22804431]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked investment income" substituted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/2)
[^c22804491]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked payment" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "group income" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804471]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 118(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/118/10)
[^c22804511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate of advance corporation tax" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/5), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804521]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "surplus of franked investment income" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/6), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804451]: [S. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) inserted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/7)
[^c22804561]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" substituted (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/a)
[^c22804581]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" inserted after the definition of "Schedule A business" (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/b)
[^c22804601]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "capital allowance" substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/a)
[^c22804621]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the Capital Allowances Act" substituted for definition of "the Capital Allowances Acts" (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/b)
[^c22804641]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/2)
[^c22804661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "industrial assurance business" substituted (1.12.2001) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(4)(11)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/4/11); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c22804701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "for accounting purposes" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "generally accepted accounting practice" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "period of account" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c23816661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "permanent establishment" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 148(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/6)
[^c23816741]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "generally accepted accounting practice" substituted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/a)
[^c23816701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "international accounting standards" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "offshore installation" inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/2)
[^c23816721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK generally accepted accounting practice" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816761]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "estate in land" inserted (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2)(c); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23816781]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "overseas property business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816871]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816821]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "Schedule A business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816851]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definitions of "the Schedule F ordinary rate", "the Schedule F trust rate" and "the Schedule F upper rate" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816801]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "tax credit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816891]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816911]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Ulster Savings Certificates" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/g), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816941]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [99](https://www.legislation.gov.uk/uksi/2005/3229/regulation/99)
[^c23816961]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "registered pension scheme" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816981]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "scheme administrator" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21630561]: Source—1979(C) s.155(5).
[^c21630571]: Source—1980 s.24(8)
[^c21630591]: Source—1970 s.529
[^c21630601]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630621]: Source—1970 s.530(1)
[^c21630681]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21630691]: Source—1970 s.530(2), 383; 1981 s.27(10); 1982 s.31(2); 1987 Sch.3 5
[^c21630731]: Source—1970 s.530(3).
[^c22805271]: Words in [s. 833(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/2) substituted (1.4.1996) by [The Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273)](https://www.legislation.gov.uk/uksi/1996/273), [Sch. 2 para. 22(a)](https://www.legislation.gov.uk/uksi/1996/273/schedule/2/paragraph/22/a)
[^c22805291]: Words in [s. 833(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/2) substituted (1.4.1996) by [The Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273)](https://www.legislation.gov.uk/uksi/1996/273), [Sch. 2 para. 22(b)](https://www.legislation.gov.uk/uksi/1996/273/schedule/2/paragraph/22/b)
[^c23817601]: [S. 833(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 108(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/108/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23817621]: [S. 833(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 108(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/108/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23817661]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/5)
[^c23817681]: Words in [s. 833(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817701]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817721]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817741]: Word in [s. 833(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817761]: Words in [s. 833(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817781]: [S. 833(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/5/a/b) substituted for words in s. 833(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817801]: [S. 833(5A)-(5E)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630741]: Source—1970 s.527.
[^c22805331]: Words in [s. 834(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/6)
[^c22805371]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "allowable loss" excluded (with effect in accordance with s. 63(4) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 94(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/94/4)
[^c22805351]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definitions of "loan relationship" and "non-trading deficit" inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/49) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22805381]: Words in [s. 834(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/61), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22805421]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "accounting date" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805411]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "charges on income" substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/4)
[^c22805391]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "derivative contract" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/13)
[^c23817821]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "chargeable profits" inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/5)
[^c23817841]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "statutory insolvency arrangement" inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/8)
[^c23817861]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" inserted (with effect in accordance with [s. 69(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 69(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/4)
[^c21630841]: Source—1970 s.528(1), (2); 1971 Sch.6 78; 1972 Sch.24 32.
[^c21630851]: Source—1971 s.34; 1975 (No.2) s.31(4)
[^c21630861]: 1988(F) s.35 Sch.3 para.22*for* 1990-91*and subsequent years.*
[^c21630871]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630881]: Source—1970 s.528(3)(5); 1972 Sch.11 8, Sch.24 32; 1971 Sch.6 78
[^c22805431]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) inserted (with effect in accordance with s. [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/24)
[^c22805441]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) substituted (with effect in accordance with [Sch. 3 para. 40(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/40/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/40/2)
[^c22805461]: [S. 835(8)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/8/c) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 62](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/62)
[^c23818201]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 339](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/339) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630921]: Source—1970 Sch.13
[^c21630931]: Source—1970 s.531
[^c21630941]: *See*—s.26—*and managed as one estate.*[s.145](https://www.legislation.gov.uk/ukpga/1988/1/section/145)—*living accommodation provided for employee.*[s.156](https://www.legislation.gov.uk/ukpga/1988/1/section/156)—*valuation of benefits in kind.*
[^c21630951]: *Reproduced in* Part II Vol.5.
[^c21630961]: [1967 c. 9](https://www.legislation.gov.uk/ukpga/1967/9).
[^c21630981]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/a), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 189(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/189/6)
[^c22805691]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21630991]: Source—1970 s.532.
[^c21631011]: Definition in s. 838 modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/2/c), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22805681]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (30.3.1995) by [The Electricity (Class Exemptions from the Requirement for a Licence) (No. 2) Order 1995 (S.I. 1995/909)](https://www.legislation.gov.uk/uksi/1995/909), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/1995/909/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.10.2001) by [The Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 (S.I. 2001/3270)](https://www.legislation.gov.uk/uksi/2001/3270), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/2001/3270/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21631021]: [S. 838(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [Pt. I para. 31(11)](https://www.legislation.gov.uk/ukpga/1993/37/part/I/paragraph/31/11)
[^c21631141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 104(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/104/3), [112(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/112/7/b) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [1983 c. 55](https://www.legislation.gov.uk/ukpga/1983/55), [Sch. 4A para. 1(5)](https://www.legislation.gov.uk/ukpga/1983/55/schedule/4A/paragraph/1/5) (as inserted (1.12.1992 for specified purposes and 1.1.1993 otherwise) by Finance No. 2 Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 62; [S.I. 1992/2979](https://www.legislation.gov.uk/uksi/1992/2979), [art. 4](https://www.legislation.gov.uk/uksi/1992/2979/article/4), [Sch. Pt. II](https://www.legislation.gov.uk/uksi/1992/2979/schedule/part/II); [S.I. 1992/3261](https://www.legislation.gov.uk/uksi/1992/3261), [art. 3](https://www.legislation.gov.uk/uksi/1992/3261/article/3),Sch.) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 193(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/193/6)
[^c21631151]: Source—1970 s.533.
[^c21631161]: [S. 839(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (E.W.S.) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 8(9)(b)](https://www.legislation.gov.uk/uksi/1992/58/article/8/9/b), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1992/58/schedule/1/paragraph/3)
[^c21631231]: [1958 c. 45](https://www.legislation.gov.uk/ukpga/1958/45).
[^c21631241]: [1940 c. 9 (N.I.)](https://www.legislation.gov.uk/apni/1940/9)
[^c22805721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 127(19) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 127(17)](https://www.legislation.gov.uk/ukpga/1995/4/section/127/17)
[^c22805731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 15(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/15/7) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 105(1), Sch. 13 para. 8(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/8/3) (with [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6))
[^c22805741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 80B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/80B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 97(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/97/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 88B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/88B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 102(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/102/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2)
[^c22805751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 6A para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/6A/paragraph/1/2) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 22(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/22/3), [24](https://www.legislation.gov.uk/ukpga/1997/16/section/24), [Sch. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/4))
[^c22805761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 9](https://www.legislation.gov.uk/ukpga/1994/23/schedule/9) Group 2 Note (6) (as substituted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 38](https://www.legislation.gov.uk/ukpga/1997/16/section/38)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 10 para. 3A(14)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/10/paragraph/3A/14) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 37(3)-(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/37/3))
[^c22805771]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/25/2)
[^c22805701]: [S. 839(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/3A) substituted for s. 839(3) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/20)
[^c22806611]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 48(11) of the affecting Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 48(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/48/10)
[^c22806621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/10) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/11/paragraph/3/4)
[^c22806631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 97(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/97/2/a)
[^c22806641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (28.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 119(9)(13)](https://www.legislation.gov.uk/ukpga/2000/17/section/119/9/13) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 62 of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 71(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/71/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 102(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/102/3) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/25/2) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22806651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 575(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/1) (with [s. 575(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/2))
[^c22806661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 70(1) of the affecting Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 31(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/31/4) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22806671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2002) by [The Aggregates Levy (General) Regulations 2002 (S.I. 2002/761)](https://www.legislation.gov.uk/uksi/2002/761), [reg. 12(2)](https://www.legislation.gov.uk/uksi/2002/761/regulation/12/2)
[^c22806681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.6.2002) by [The Beer Regulations 1993 (S.I. 1993/1228)](https://www.legislation.gov.uk/uksi/1993/1228), [Sch. 1](https://www.legislation.gov.uk/uksi/1993/1228/schedule/1) (as amended by [The Beer and Excise Warehousing (Amendment) Regulations 2002 (S.I. 2002/1265)](https://www.legislation.gov.uk/uksi/2002/1265), [reg. 2(5)(b)](https://www.legislation.gov.uk/uksi/2002/1265/regulation/2/5/b))
[^c22806721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 55(7) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 55(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/5) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/5) (as inserted (with effect in accordance with [s. 104(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Alcoholic Liquor Duties Act 1979 (c. 4)](https://www.legislation.gov.uk/ukpga/1979/4), [s. 36B(8)](https://www.legislation.gov.uk/ukpga/1979/4/section/36B/8) (as inserted (1.6.2002) [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 4(1)(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/4/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/1/paragraph/2)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 53(1) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 19(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/19/2) (with [Sch. 12 para. 20](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 13 para. 28 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/27/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 37 para. 2(5) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 37 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/37/paragraph/2/4/b)
[^c22806731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 4 para. 4A(3)](https://www.legislation.gov.uk/uksi/2001/1004/schedule/4/paragraph/4A/3) (as inserted (28.11.2002) by The Social Security (Contributions)(Amendment No. 5) Regulations 2002 ([S.I. 2002/2929](https://www.legislation.gov.uk/uksi/2002/2929)), reg. 5)
[^c23818621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 51(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/51/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23818631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 718](https://www.legislation.gov.uk/ukpga/2003/1/section/718) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23818641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003 with effect in accordance with Sch. 19 of the affecting Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 45(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/45/6), [53(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/53/2), [58(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/58/5), [108(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/108/1), [Sch. 4 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1/2), [10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/10/4), [12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/12/2); [S.I. 2003/2899](https://www.legislation.gov.uk/uksi/2003/2899), [art. 2](https://www.legislation.gov.uk/uksi/2003/2899/article/2)
[^c23818651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/26/paragraph/7/3)
[^c23818661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (1.12.2003) by [The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816)](https://www.legislation.gov.uk/uksi/2003/2816), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2816/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2816/schedule/paragraph/3/2) (replacing [S.I. 2003/2760](https://www.legislation.gov.uk/uksi/2003/2760), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2760/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2760/schedule/paragraph/3/2)); and [S.I. 2003/2816](https://www.legislation.gov.uk/uksi/2003/2816) is revoked and replaced by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 paras. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/14), [17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2), [26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26)
[^c23818671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Value Added Tax Regulations 1995 (S.I. 1995/2518)](https://www.legislation.gov.uk/uksi/1995/2518), [reg. 171(7)(8)](https://www.legislation.gov.uk/uksi/1995/2518/regulation/171/7/8) (as inserted (11.12.2003) by [The Value Added Tax (Amendment) (No. 6) Regulations 2003 (S.I. 2003/3220)](https://www.legislation.gov.uk/uksi/2003/3220), [regs. 1(1)(b)](https://www.legislation.gov.uk/uksi/2003/3220/regulation/1/1/b), [23](https://www.legislation.gov.uk/uksi/2003/3220/regulation/23))
[^c23818681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818691]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (with effect in accordance with s. 84(2) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/15/paragraph/2)
[^c23818701]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 45A(10)](https://www.legislation.gov.uk/ukpga/2003/14/section/45A/10) (as inserted (with effect in accordance with [Sch. 39 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/13/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/5/5))
[^c23818711]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 44(11)](https://www.legislation.gov.uk/ukpga/2003/14/section/44/11) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 15(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/15/4))
[^c23818721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2))
[^c23818731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 15 para. 39](https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/39) (as substituted (with effect in accordance with [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 41 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/1))
[^c23818741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (S.I. 2004/1863)](https://www.legislation.gov.uk/uksi/2004/1863), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1863/regulation/1/1/3)
[^c23818751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 (S.I. 2004/1865)](https://www.legislation.gov.uk/uksi/2004/1865), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1865/regulation/1/1/3)
[^c23818761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(5)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/5), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c22806591]: Words in [s. 839(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/8) inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 15](https://www.legislation.gov.uk/uksi/1997/1154/regulation/15)
[^c23818791]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 83(9)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/9)
[^c23818801]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(4)(n)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/4/n), [31(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/31/3), [Sch. 3 para. 12](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/12)
[^c23818811]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91D(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/91D/12) (as inserted (with effect in accordance with [Sch. 7 para. 10(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/4))
[^c23818821]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 17A para. 18A(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/18A/6) (as inserted (with effect in accordance with [Sch. 10 para. 16(5)-(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/16/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/14))
[^c23818831]: Words in [s. 839(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [100](https://www.legislation.gov.uk/uksi/2005/3229/regulation/100)
[^c23819041]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 161(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/161/8), [273(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/273/11), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818941]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 266A(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/266A/7) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818951]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 162(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/162/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/6/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818961]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 172A(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/172A/11), [172B(9)](https://www.legislation.gov.uk/ukpga/2004/12/section/172B/9), [172C(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/172C/7), [172D(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/172D/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 38](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/38), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818971]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 11D(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/11D/5) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 161(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/161/2), [Sch. 23 para. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/23/paragraph/38))
[^c23818981]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Pension Schemes (Reduction in Pension Rates) Regulations 2006 (S.I. 2006/138)](https://www.legislation.gov.uk/uksi/2006/138), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/138/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2006/138/regulation/2/3)
[^c23818991]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Registered Pension Schemes (Provision of Information) Regulations 2006 (S.I. 2006/567)](https://www.legislation.gov.uk/uksi/2006/567), [regs. 1](https://www.legislation.gov.uk/uksi/2006/567/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/567/regulation/2/2)
[^c23819021]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(7)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/7) (as inserted (7.12.2006) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2006 (S.I. 2006/3239)](https://www.legislation.gov.uk/uksi/2006/3239), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3239/regulation/1), [2](https://www.legislation.gov.uk/uksi/2006/3239/regulation/2))
[^c23819031]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (14.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Oil Taxation (Market Value of Oil) Regulations 2006 (S.I. 2006/3313)](https://www.legislation.gov.uk/uksi/2006/3313), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/1/1), [8(4)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/8/4)
[^c23819011]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 34(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/34/4), [53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c23819001]: [S. 839(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (6.4.2006) by [The Registered Pension Schemes (Authorised Surplus Payments) Regulations 2006 (S.I. 2006/574)](https://www.legislation.gov.uk/uksi/2006/574), [regs. 1](https://www.legislation.gov.uk/uksi/2006/574/regulation/1), [2(5)](https://www.legislation.gov.uk/uksi/2006/574/regulation/2/5)
[^c23818921]: Word at the end of s. 839(3)(b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23818881]: [S. 839(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/d/e) substituted for words in s. 839(3) (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23818901]: [S. 839(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/c), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c22806791]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/87/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/67/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s.77(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/77/6) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 22 para. 17(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/17/6/a/ii) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/8/9) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.2.2001) by [Trustee Act 2000 (c. 29)](https://www.legislation.gov.uk/ukpga/2000/29), [ss. 19(3)](https://www.legislation.gov.uk/ukpga/2000/29/section/19/3), [42(2)](https://www.legislation.gov.uk/ukpga/2000/29/section/42/2); [S.I. 2001/49](https://www.legislation.gov.uk/uksi/2001/49), [art. 2](https://www.legislation.gov.uk/uksi/2001/49/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.7.2002) by [Trustee Act (Northern Ireland) 2001 (c. 14)](https://www.legislation.gov.uk/nia/2001/14), [ss. 19(3)](https://www.legislation.gov.uk/nia/2001/14/section/19/3), [45(1)](https://www.legislation.gov.uk/nia/2001/14/section/45/1); [S.R. 2002/253](https://www.legislation.gov.uk/nisr/2002/253), [art. 2](https://www.legislation.gov.uk/nisr/2002/253/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5AA para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/4/3) (as inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3))
[^c23819241]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/14/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23819251]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied and extended (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 69](https://www.legislation.gov.uk/ukpga/2003/1/section/69), [719](https://www.legislation.gov.uk/ukpga/2003/1/section/719) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23819261]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 65(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/65/3)
[^c23819271]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(6)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/6), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c21631261]: Source—1970 s.534
[^c21631271]: Source—1970 s.535; 1973 Sch.21 9; 1987 (No.2) s.73
[^c22806911]: Words in [s. 841(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/841/3) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/6); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c21631371]: Source—1970 s.359; 1973 s.54; 1979(C) Sch.7.
[^c21631381]: 1988(F) s.117(1)(a)*for accounting periods ending after* 5*th April* 1988.
[^c21631391]: 1988(F) s.117(1)(b)*for accounting periods ending after* 5*th April* 1988.*Previously* “that the shares or securities of the company are quoted on the Stock Exchange and”.
[^c21631401]: 1988(F) s.117(1)(c)*for accounting periods ending after* 5*th April* 1988.
[^c21631411]: 1990 s.55*in relation to accounting periods ending on or after* 26*July* 1990.
[^c21631421]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(55)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/55) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22806941]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c22807011]: Words in [s. 842(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/c) substituted (with effect in accordance with [Sch. 38 para. 7(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/b)
[^c22806991]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/3)
[^c22807021]: [S. 842(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1A/a) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 2 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/2/paragraph/12/2)
[^c22807031]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/a)
[^c22807051]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/b)
[^c22807071]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/a)
[^c22807091]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/b)
[^c22807111]: [S. 842(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AB) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/4)
[^c22807141]: Words in [s. 842(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3/c) repealed (with effect in accordance with Sch. 9 paras. 7, 8 of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2), Note
[^c22807131]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) added (with effect in accordance with Sch. 9 paras. 7, 8(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^c23819461]: [S. 842(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AC) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/4)
[^c23819481]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819501]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819521]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/c), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c21631491]: [S. 842A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/a) substituted (1.4.1993) by [Local Government Finance Act 1992 (c. 14)](https://www.legislation.gov.uk/ukpga/1992/14), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1992/14/section/117/1), [Sch. 13 para. 57](https://www.legislation.gov.uk/ukpga/1992/14/schedule/13/paragraph/57) (with [s. 118(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1992/14/section/118/1/2/4)); [S.I. 1992/2454](https://www.legislation.gov.uk/uksi/1992/2454), [art. 3(1)(a)](https://www.legislation.gov.uk/uksi/1992/2454/article/3/1/a)
[^c21631501]: [1988 c. 41](https://www.legislation.gov.uk/ukpga/1988/41).
[^c21631531]: [1973 c. 65](https://www.legislation.gov.uk/ukpga/1973/65).
[^c22807361]: [S. 842A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/h) inserted (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 144](https://www.legislation.gov.uk/ukpga/1995/4/section/144)
[^c22807381]: [1992 c. 19](https://www.legislation.gov.uk/ukpga/1992/19).
[^c22807391]: [S. 842A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/e) repealed (1.4.1995) by [Police and Magistrates' Courts Act 1994 (c. 29)](https://www.legislation.gov.uk/ukpga/1994/29), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1994/29/section/94/1), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/29/schedule/9/part/1); [S.I. 1994/3262](https://www.legislation.gov.uk/uksi/1994/3262), [art. 4](https://www.legislation.gov.uk/uksi/1994/3262/article/4), [Sch.](https://www.legislation.gov.uk/uksi/1994/3262/schedule)
[^c22807401]: [S. 842A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/a) substituted (1.4.1996) for s. 842A(3)(a)-(c) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(a)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/a); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807421]: Words in [s. 842A(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/e) substituted (1.4.1996) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(b)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/b); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807441]: Words in [s. 842A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(a)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/a); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807461]: Words in [s. 842A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/b) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(b)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/b); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807481]: Words in [s. 842A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/c) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(c)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/c); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807501]: Words in [s. 842A(1)(a)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a/b/c) repealed (1.4.2002) by [Criminal Justice and Police Act 2001 (c. 16)](https://www.legislation.gov.uk/ukpga/2001/16), [s. 138(2)](https://www.legislation.gov.uk/ukpga/2001/16/section/138/2), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2001/16/schedule/6/paragraph/71), [Sch. 7 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2001/16/schedule/7/part/5/1); [S.I. 2002/344](https://www.legislation.gov.uk/uksi/2002/344), [art. 3(k)(m)](https://www.legislation.gov.uk/uksi/2002/344/article/3/k/m)
[^c23819681]: [S. 842A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/f) substituted (E.W.) (1.10.2004 for E. and 10.11.2004 for W.) by [Fire and Rescue Services Act 2004 (c. 21)](https://www.legislation.gov.uk/ukpga/2004/21), [s. 61](https://www.legislation.gov.uk/ukpga/2004/21/section/61), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2004/21/schedule/1/paragraph/64); [S.I. 2004/2304](https://www.legislation.gov.uk/uksi/2004/2304), [art. 2](https://www.legislation.gov.uk/uksi/2004/2304/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2304/article/3)); [S.I. 2004/2917](https://www.legislation.gov.uk/uksi/2004/2917), [art. 2](https://www.legislation.gov.uk/uksi/2004/2917/article/2)
[^c22807181]: [S. 842AA(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5A/5B) inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 75(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/75/1)
[^c22807201]: [S. 842AA(6)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/6/ca) inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/75/2)
[^c22807171]: Words in [s. 842AA(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/2/e) substituted (with effect in accordance with [Sch. 38 para. 7(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/c)
[^c22807221]: Word in [s. 842AA(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/14) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/a), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c22807231]: [S. 842AA(5AA)-(5AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5AA) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(4)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/4/5)
[^c22807251]: [S. 842AA(5AD)(5AE)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5AD/5AE) inserted (with effect in accordance with [Sch. 18 para. 8(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/8/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/8/2)
[^c22807351]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA): power to modify conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 3-12](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/3)
[^c23819761]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) modified (17.9.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/1), [13(7)(9)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/7/9), [14(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/14/1)
[^c22807271]: Words in [s. 842AA(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/2/f) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/2)
[^c22807331]: Words in [s. 842AA(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/13)
[^c22807291]: [S. 842AA(11)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11/za) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/3/a)
[^c22807311]: Words in [s. 842AA(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11/b) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/3/b)
[^c23819771]: [S. 842AA(11A)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11A) inserted (with effect in accordance with [Sch. 14 para. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/8/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 8(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/8/1)
[^c22806801]: [S. 840A(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/c) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/2)
[^c22806851]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c22806861]: [S.I. 1985/1205 (N.I. 12)](https://www.legislation.gov.uk/nisi/1985/1205).
[^c22806821]: [S. 840A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/3)
[^c22806871]: [S. 840A(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/ii) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/2)
[^c22806891]: [1974 c. 46](https://www.legislation.gov.uk/ukpga/1974/46).
[^c22806901]: [1992 c. 40](https://www.legislation.gov.uk/ukpga/1992/40).
[^c23819321]: Words in [s. 840A(1)(b)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/iv) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/36) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22805651]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22805661]: [S. 837A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/5) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805601]: [1998 c. 17](https://www.legislation.gov.uk/ukpga/1998/17).
[^c22807511]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23818441]: [S. 836B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/836B/2) Table Pt. 3: entry in Column 1 inserted (30.3.2006 with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [2(1)(a)](https://www.legislation.gov.uk/uksi/2006/959/article/2/1/a)
[^c23818461]: [S. 836B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/836B/2) Table Pt. 3: entry in Column 2 inserted (30.3.2006 with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2006/959/article/2/1/b)
[^c21631581]: Source—1970 Sch.2
[^c21631591]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21631621]: Source—1970 Sch.5 1; 1971 Sch.6 80
[^c21631631]: *See* s.656 *ante—purchased life annuities.*
[^c22720871]: Word in [Sch. 3 para. 1(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/1/c) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/a)
[^c21631641]: Source—1970 Sch.5 2-5
[^c21631651]: [1870 c. 71](https://www.legislation.gov.uk/ukpga/1870/71).
[^c21631661]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631671]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631721]: Source—1970 Sch.5 6(a)(b)
[^c21631731]: [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6/2) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631851]: [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/7) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631881]: [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/8) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631901]: [Sch. 3 para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/9) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631921]: [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/10) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631941]: Source—1970 Sch.5 11-13.
[^c21631951]: Words in [Sch. 3 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/11) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631961]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(5)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/a), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631971]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(5)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/b), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631981]: Source—1970 Sch.5 6(c), 14
[^c21631691]: [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21631751]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631761]: Words in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/1), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631771]: [Sch. 3 para. 6A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/2A) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/2), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631781]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/3), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21853201]: Word in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/i)
[^c21853221]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) ceases to have effect (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/ii)
[^c21631791]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631801]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631811]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631821]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21853541]: [Sch. 3 para. 6E(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6E/1/3) repealed (with effect in accordance with [s. 103(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/103/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/11), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21631831]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631991]: [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21632011]: Source—1970 Sch.12 Pt.III 6; 1987 Sch.15 2(23)
[^c21632021]: [Sch. 3 para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/15/2) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21846671]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846691]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846701]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846721]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847081]: [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/19/2)
[^c21846741]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846751]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846771]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846781]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846801]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846821]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846841]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632641]: 1989 s. 93*and* Sch. 10 para. 5.
[^c21846851]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846891]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846911]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846931]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632731]: 1989 s.93*and* Sch.10 para.7.
[^c21846951]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846971]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846991]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847011]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847031]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847051]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632821]: 1990 s.56*and* Sch.10 paras.26(3), 29(4)*on and after* 9*June* 1989.
[^c21847071]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632651]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 4 paras.3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/5)
[^c21632661]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c21846871]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632831]: Source—1970 Sch.6; 1973 s.35; 1984 s.48(6)-(9)
[^c21853311]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389811]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389831]: Word in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827391]: Words in [Sch. 5 para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/1)
[^c21827411]: [Sch. 5 para. 2(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/4/a) substituted for para. 2(4)(a)(b) (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/2)
[^c21827431]: [Sch. 5 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/5/6) inserted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/3)
[^c21861361]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23389851]: Words in [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389871]: [Sch. 5 para. 2(3)(a)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3/a/4/a/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389911]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definitions of "commencement year" and "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853331]: Words in [Sch. 5 para. 3(1)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1/4/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389941]: Words in [Sch. 5 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389961]: Words in [Sch. 5 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389981]: Words in [Sch. 5 para. 3(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/9/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390001]: Words in [Sch. 5 para. 3(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390021]: Words in [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(5)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/5/a/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853351]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390041]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827451]: [Sch. 5 para. 6(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/4)
[^c21861381]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23390061]: Word in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390081]: Words in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390101]: [Sch. 5 para. 6(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2/a/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390131]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853361]: Words in [Sch. 5 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853381]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390151]: Words in [Sch. 5 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390261]: Word in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390221]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21858781]: Words in [Sch. 5 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/9/4) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 76(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/76/2/3)
[^c23390311]: Words in [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/11) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21633101]: [Sch. 6 Pt. I](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/part/I) substituted (27.7.1993 with effect for the year 1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 70(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/70/1/2)
[^c21632971]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21632981]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777951]: Words in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/6) substituted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/3)
[^c21632991]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633001]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633011]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633021]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633031]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21873101]: [Sch. 6 para. 9(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/9/c) restricted (6.4.1994 with effect in accordance with reg. 4(2) of the 1994 affecting S.R.) by [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 10(6)(a)](https://www.legislation.gov.uk/ukpga/1992/7/section/10/6/a) (as substituted by [The Social Security (Contributions) (Miscellaneous Amendments) Regulations (Northern Ireland) 1994 (S.R. 1994/94)](https://www.legislation.gov.uk/nisr/1994/94), [reg. 4(1)](https://www.legislation.gov.uk/nisr/1994/94/regulation/4/1))
[^c21633041]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633051]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777971]: Words in [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/10) inserted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/4)
[^c22777921]: [1988 c. 52](https://www.legislation.gov.uk/ukpga/1988/52).
[^c22777931]: [S.I. 1981/154 (N.I. 1)](https://www.legislation.gov.uk/nisi/1981/154).
[^c21633471]: Source—1976 Sch.8 1(1)
[^c21633481]: Source—1976 Sch.8 2
[^c21633491]: Source—1976 Sch.8 3
[^c21633501]: Source—1976 Sch.8 1(2)
[^c21873541]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) substituted (with effect in accordance with [s. 88(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a)
[^c21873531]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with [s. 88(5)(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/5/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22194401]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/41), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c21633511]: Source—1976 Sch.8 4
[^c21633531]: Source—1976 Sch.8 5, 6, 7
[^c21633541]: Words in [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/1) added (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/1)
[^c21633551]: [Sch. 7 paras. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/2/3) repealed (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21881821]: [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4) renumbered as para. 4(1) (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c21881841]: [Sch. 7 para. 4(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4/2) inserted (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c22172431]: Words in [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/a) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/a)
[^c22172451]: Words in [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/b) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/b)
[^c22172471]: [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/2) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3)
[^c21633581]: [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/6) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21633591]: Source—1976 Sch.8 9, 10, 11
[^c21633611]: Source—1976 Sch.8 12-14; 1983 (No.2) s.4
[^c21633621]: Words in [Sch. 7 para. 10(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/10/1/2) repealed (27.7.1993 with effect as mentioned in [s. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/1)
[^c21633641]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873561]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633661]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633671]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633681]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/4), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633691]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by Finance Act [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), SIF 63:1), s. 27(6), Sch. 6 para.5
[^c21633701]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873571]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633751]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633761]: Words in [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/19/1) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21633771]: Words in definition of “excess liability” in Sch. 7 para. 19(1) substituted (with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21873581]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22777991]: Words in [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/1) repealed (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/2), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c22778051]: Words in [Sch. 8 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/2) substituted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/2)
[^c22778011]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/3)
[^c22778091]: Word in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) repealed (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5), Note 6
[^c22778071]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3)
[^c22778031]: [Sch. 8 para. 7(4)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/4) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/4)
[^c22778111]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 5 para. 16(6)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/16/6)
[^c22778121]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 35(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/35/4)
[^c22778131]: [Sch. 8 para. 8(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/8/a) repealed (with effect in accordance with s. 137(6) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/1), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21633901]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(2)(a)*and* 17 Part IV.
[^c21633911]: 1989 s.61*and* Sch.4 para.10(2)(b)(i).
[^c21633921]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(1), (2)(a)*and* 17 Part IV.
[^c21633941]: 1989 s.61*and* Sch.4 para.10(2)(b)(ii).*Previously* “the base year referred to in sub-paragraph (3) above”.
[^c21633951]: 1989 s.61*and* Sch.4 para.10(2)(b)(iii).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit”.
[^c21633961]: 1989 s.61*and* Sch.4 para.10(2)(b)(iv).*Previously* “(6) The references in this paragraph to the standard pay of the employment unit are references to the amount which the scheme employer, at the time when he applies for registration of the scheme, reasonably estimates will be the annual equivalent of the pay, at the beginning of the profit period or first profit period, of the employees to whom the scheme will then relate; and for this purpose an estimate shall (in the absence of evidence to the contrary) be taken to be a reasonable one if it is based on the most recent information available to the employer as to the monthly or annual pay of the relevant employees.”.
[^c21633971]: 1989 s.61*and* Sch.4 para.11.
[^c21633981]: *Repealed by* 1989 ss.61*and* 187, Schs.4 para.10(1)*and* 17 Part IV.
[^c21633991]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634001]: 1989 s.61*and* Sch.4 para.10(2)(c).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit.”.
[^c21634011]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634021]: 1989 s.61*and* Sch.4 para.13.
[^c21634031]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634041]: 1989 s.61*and* Sch.4 para.14(2).
[^c21634051]: 1989 s.61*and* Sch.4 para.14(3).*Previously* “(f) profit-related pay payable under the scheme;”.
[^c21634061]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634071]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21882051]: [Sch. 8 para. 19(6)(g)-(k)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/g) repealed (with effect in accordance with s. 136(5)-(11) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/2), [Sch. 29 Pt. 8(19)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/19), Note
[^c21882091]: [Sch. 8 para. 19(6)(l)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/l) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/3)
[^c21882111]: [Sch. 8 para. 19(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6A) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/4)
[^c22778141]: Words in [Sch. 8 para. 19(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/5/b) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/a)
[^c22778161]: [Sch. 8 para. 19(6)(fg)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/fg) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/b)
[^c21634081]: 1989 s.61*and* Sch.4 para.15.
[^c21634401]: Source—1980 Sch.10 5(b)
[^c21634411]: Source—1980 Sch.10 24
[^c21634421]: Source—1980 Sch.10 6
[^c21634431]: Source—1980 Sch.10 7
[^c21634461]: Source—1980 Sch.10 8; 1986 s.23(3)
[^c21634481]: Words in [Sch. 9 para. 19(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c22194801]: Words in [Sch. 9 para. 19(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/a)
[^c21634501]: Source—1980 Sch.10 9
[^c21634511]: Words in [Sch. 9 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/20) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c21634521]: Source—1980 Sch.10 10; 1986 s.25(4), (8), (9)
[^c21634531]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21634541]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c22172601]: Word in [Sch. 9 para. 21(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 2
[^c22172611]: [Sch. 9 para. 21(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1/f) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1)
[^c22172631]: [Sch. 9 para. 21(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/2)
[^c21634551]: Source—1980 Sch.10 11
[^c21634561]: Source—1980 Sch.10 12; 1986 s.25(5)
[^c21634641]: Source—1980 Sch.10 13(1)
[^c21634651]: Source—1980 Sch.10 13(2), (3); 1984 s.39(5)
[^c21634661]: Figure in Sch. 9 para. 24(2)(a) substituted (01.09.1991) by virtue of [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/40/1); [S.I. 1991/1741](https://www.legislation.gov.uk/uksi/1991/1741), [art.2](https://www.legislation.gov.uk/uksi/1991/1741/article/2).
[^c21634671]: Source—1980 Sch.10 14
[^c21634681]: 1989 s.62(3).*Previously* “90 per cent.”.
[^c21634691]: Source—1980 Sch.10 20; 1984 s.39(6); 1986 s.25(7)
[^c21634701]: Source—1980 Sch.10 21; 1986 s.25(6)
[^c21884141]: Words in [Sch. 9 para. 26(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/1/a) substituted (with effect in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/2)
[^c22172651]: Words in [Sch. 9 para. 26(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/3) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/3)
[^c21634711]: Source—1984 Sch.10 4(1)(a), (2)
[^c21634721]: Source—1984 Sch.10, 12
[^c21634731]: Source—1984 Sch. 10 15(1)
[^c21884161]: Words in [Sch. 9 para. 27(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/27/4) repealed (with effect in accordance with s. 137(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/3), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21634741]: Source—1984 Sch. 10 5
[^c22172671]: Words in [Sch. 9 para. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/a)
[^c22180711]: [Sch. 9 para. 28(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/2/4) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/b), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22181421]: [Sch. 9 para. 28(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/3) applied (with effect in accordance with Sch. 16 para. 1 of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/2/2)
[^c21634761]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) substituted (1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 39(1)(7)](https://www.legislation.gov.uk/ukpga/1991/31/section/39/1/7)
[^c22180741]: [Sch. 9 para. 29(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/1) substituted for para. 29(1)-(6) (with effect in accordance with [s. 114(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/3)
[^c22194581]: [Sch. 9 para. 29(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/8) repealed (with effect in accordance with s. 114(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22210601]: Words in [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21635981]: Source—1977 Sch.7 4(1), (2), (5)
[^c21635991]: 1989 s.42(5)*for* 1989-90*and subsequent years of assessment. Previously* “emoluments from the relevant employment in respect of which such a deduction is allowed for the year of assessment”.
[^c22194411]: Words in [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 42](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/42), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22210611]: Words in [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21636021]: Source—1977 Sch.7 1(2), (3), (4)
[^c22210621]: Words in [Sch. 12 para. 3(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/1/3) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210671]: Words in [Sch. 12 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/a) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/i)
[^c22210681]: Words in [Sch. 12 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/ii)
[^c22217711]: [Sch. 12 para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2A) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21636061]: Source—1977 Sch.7 6-8
[^c21636071]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22210651]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210701]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/i)
[^c22210721]: Words in [Sch. 12 para. 5(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5/a/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/ii)
[^c22210661]: Words in [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/6) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22217791]: [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/7) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21635961]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c21635971]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c22210591]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22245981]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 15](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/15)
[^c21636121]: *See* s.250—*returns in connection with stock dividends.*
[^c21892291]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21868081]: [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/2)
[^c21868101]: [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/3)
[^c22733991]: [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/b) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734011]: Words in [Sch. 13 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/c) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22733971]: Words in [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/c), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734031]: Words in [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734071]: [Sch. 13 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4/b) and preceding word repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21636141]: *For rates of corporation tax see* Tables K*and* L*in* Vol.1.
[^c21868121]: [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/4)
[^c21868141]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/5)
[^c21892311]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21890981]: Words in [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2) renumbered as para. 2(2)(a) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c21891001]: [Sch. 13 para. 2(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2/b/c) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c22734211]: Words in [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 6 para. 16(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/13) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/i)
[^c22734231]: [Sch. 13 para. 2(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1/d) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734251]: Words in [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/2)
[^c22734271]: [Sch. 13 para. 2(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4A) inserted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/3)
[^c22734301]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868161]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/a)
[^c21868181]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/b)
[^c21892321]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891021]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/a)
[^c21891041]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/b)
[^c22734321]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734341]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/b), [Sch 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868221]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/8)
[^c22734381]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734401]: [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/3) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/4)
[^c21891121]: Words in [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/5) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/5)
[^c21868301]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(11)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/11)
[^c21891161]: [Sch. 13 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/2)
[^c21891181]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/3)
[^c21891201]: [Sch. 13 para. 7(3A)(4)(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3A/4/4A/4B) substituted for para. 7(4) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/4)
[^c22734461]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para 16(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/10), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892331]: [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891241]: Words in [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/9)
[^c21892341]: [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636151]: 1989 s.149(3)(c)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 39”.
[^c22778541]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22778551]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734421]: [Sch. 14 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/4A) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/8), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734441]: [Sch. 13 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/6A) repealed (with effect in accordance with Sch. 6 para 16(13) of the repealing Act) by [Finance Act (No. 2) 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/9), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734521]: [Sch 13 para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/9A) repealed (with effect in accordance with Sch. 6 para. 16(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/11), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892361]: [Sch. 13 para. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7A) applied (with modifications) (1.7.1997 with effect in accordance with reg. 6(2) of the amending instrument the appointed day being 1.7.1997 ([S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173) art. 2)) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636161]: Source—1976 Sch.4 8, 9, 10
[^c23403061]: Words in [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/a)
[^c23403041]: [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/b)
[^c21636791]: Source—1970 s.337(1)(b); 1985 s.41(7)(a)
[^c21636951]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343)(N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is a member of a recognised body.*
[^c22783731]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) restricted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(1)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/1/9) (with [s. 55(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2/3)) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1))
[^c21637061]: Source—1975 Sch.2 1; 1987 Sch.15 7
[^c21637071]: Source—1970 Sch.1 11(1); 1975 Sch.2 2(1); 1976 s.33(1); 1978 Sch.3 13(1)(a), (b)
[^c21637081]: Source—1970 Sch.1 11(2); 1975 Sch.2 2(2); 1976 s.33(2); 1978 Sch.3 13(1)(b)
[^c21637091]: Source—1970 Sch.1 11(3)
[^c23820761]: [Sch. 15 para. 22(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22/3/c) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(3)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/3/4/6)
[^c23821161]: Words in [Sch. 15 para. 25(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637181]: [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/2/2/a) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1)
[^c22737481]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(a)
[^c22737521]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(b)
[^c22737621]: Words in [Sch. 16 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/1) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/a), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c22737641]: [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/3) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/b), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c21637211]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/4/1/2)
[^c22737541]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(1)(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/1/7) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21637221]: *See* s.341—*payments of interest between related companies.*
[^c22737701]: Words in [Sch. 16 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/6/5) substituted (S.) (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp17), s. 64(2), sch. 3 para. 19
[^c22737581]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/13)
[^c22737661]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/a)
[^c22737681]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/b)
[^c21637231]: 1989 s.149(3)(d)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 37”.
[^c21637151]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) modified by [S.I. 1991/512](https://www.legislation.gov.uk/uksi/1991/512), [reg.3](https://www.legislation.gov.uk/uksi/1991/512/regulation/3) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg. 13(2)(d)](https://www.legislation.gov.uk/uksi/1992/569/regulation/13/2/d) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (24.9.1992) by [S.I. 1992/2074](https://www.legislation.gov.uk/uksi/1992/2074), [reg. 14(5)](https://www.legislation.gov.uk/uksi/1992/2074/regulation/14/5) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(3)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/3)
[^c21637161]: *See*—1970(M) s.55—*recovery of tax not in dispute.*1970(M) s.87—*interest on overdue ACT.*1988 s.339—*donations to charity.*1988 s.341—*payments of interest etc between related companies.*1988 s.479—*interest paid on deposits with banks etc.* (*but ceases to have effect as regards interest paid or credited on or after* 6*April* 1991).1988 s.480A—*relevant deposits: deduction of tax from interest payments.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1988 No.482](https://www.legislation.gov.uk/ukcm/1988/482) (*in* Part III Vol.5) regn. 7—*Building Society Regulations.*
[^c21637171]: Source—1972 Sch.20
[^c22737611]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (1.7.1997) by [The Manufactured Interest (Tax) Regulations 1997 (S.I. 1997/992)](https://www.legislation.gov.uk/uksi/1997/992), [reg. 3](https://www.legislation.gov.uk/uksi/1997/992/regulation/3)
[^c21637241]: Source—1987 (No.2) Sch.4
[^c22742631]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637391]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to (9)” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637401]: 1989 s.101(2)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities;”.
[^c22744671]: [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5) applied (with modifications) (1.5.1995) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4))
[^c21637411]: 1989 s.101(3)*from* 27*July* 1989;*from* 14*March* *for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(a) which does not carry any right either to conversion into shares or securities of any other description or to the acquisition of additional shares or securities;”.
[^c21637421]: 1989 s.101(4)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.
[^c21637431]: [Sch. 18 para. 1(5E)-(5I)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E) inserted (1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 77(1)-(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/77/1)
[^c21637471]: *See* s.291(6)—para.1*applied for purposes of business expansion scheme.*
[^c22746131]: Word in [Sch. 18 para 1(5C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5C/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(k)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/k)
[^c22750151]: Words in [Sch. 18 para. 1(3)(d)(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/3/d/5/c) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/2) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750181]: Words in [Sch. 18 para. 1(5E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/a) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/a)
[^c22750201]: Words in [Sch. 18 para. 1(5E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/b) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) (by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/b)
[^c22750221]: Words in [Sch. 18 para 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/68/2) of the amending Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 6](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/6)
[^c22751751]: Words in [Sch. 18 para. 1(6)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/i/ii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751781]: Words in [Sch. 18 para. 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22742651]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637481]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750241]: [Sch. 18 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1A) inserted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/3) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22742661]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637491]: *See* 1990 s.32(13)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637501]: *See* s.291(6)—para.3*applied for purposes of business expansion scheme.*
[^c22742671]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637511]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637521]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750261]: [Sch. 18 para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/5) inserted (with effect in accordance with [Sch. 27 para 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/4) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637531]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742771]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637601]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750681]: Words in [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/6) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637621]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22742781]: Words in [Sch. 18 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/b)
[^c21637631]: *See* 1990 s.32(12)(d). Para 7(1)(b)*omitted where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c23821911]: Words in [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/3)
[^c23821931]: [Sch. 18 para. 7(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1A) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/4)
[^c21637281]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (E.W.S) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 35(5)](https://www.legislation.gov.uk/uksi/1992/58/article/35/5) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/8), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 228(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21637291]: Source—1973 Sch. 12 Pt. I; 1973 s. 32(6); 1987 Sch. 15 5
[^c21637301]: *See*—s.240(13)—*application of* Sch.18*for purposes of* s.240—*set-off of surplus ACT.*[s.247(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/9A)—*application of* Sch.18*for purposes of.*[s.247(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/8A), (9)(c)—*dividends etc. paid by one member of a group to another.*[s.769(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6C)—*application of* Sch.18*for purposes of.*[s.769(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6B)—*rules for ascertaining change in ownership of company.*1990 s.32(12)—*application of* Sch.18*for relief for disposal of shares to employee share ownership trusts.*
[^c21637541]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742691]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22743281]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/2)
[^c22742841]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22744711]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(2)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/2)
[^c22744731]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/2)
[^c22746171]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21637551]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c23821851]: Words in [Sch. 18 para. 5B(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821871]: [Sch. 18 para. 5B(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21637561]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742711]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637571]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742731]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637581]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742751]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22750941]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied by [Finance Act 1930 (c. 28)](https://www.legislation.gov.uk/ukpga/1930/28), [s. 42(5)](https://www.legislation.gov.uk/ukpga/1930/28/section/42/5) (as added (with effect in accordance with s. 123(7) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 123(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/123/6))
[^c22750971]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 98(2) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 28 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/28/paragraph/5/4)
[^c22752471]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 7AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8/2) (as inserted (with application in accordance with s. 44(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1))
[^c22752491]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 53](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/53)
[^c23821811]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 31 of the affecting Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 3 para. 10(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/10/5)
[^c23821821]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 15(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/15/5/6)
[^c23821831]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23821841]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 772](https://www.legislation.gov.uk/ukpga/2009/4/section/772) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23821891]: Words in [Sch. 18 para. 5F(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5F/1/b) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/2)
[^c21637641]: Source—1972 Sch. 16 8(1); 1980 Sch. 9 1
[^c21637651]: *See*—1976(D) s.34 and Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.1988 s.127—*enterprise allowance.*
[^c21637661]: Source—1972 Sch. 16 8(2)
[^c21637671]: Source—1972 Sch.16 8(3)-(5); 1978 Sch.5 1
[^c21637681]: Source—1972 Sch.16 9(1)
[^c21637691]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637701]: Source—1972 Sch.16 9(2); 1980 Sch.9 2
[^c21637721]: Source—1972 Sch.16 9(3); 1978 s.35(1)]
[^c21637731]: Source—1972 Sch.16 9(4); 1978 s.35(2)]
[^c21637741]: Source—1972 Sch.16 9(5), (6)
[^c21637751]: Source—1972 Sch.16 10(1); 1975 (No.2) Sch.8 4
[^c21637761]: Source—1982 s.56(1)
[^c21637771]: Source—1972 Sch.16 10(1)
[^c21637781]: Source—1972 Sch.16 10A; 1973 Sch.9 3
[^c21637791]: Source—1972 Sch.16 10(2); 1980 Sch.9 3
[^c21637801]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637811]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637821]: Source—1972 Sch.16 10(3); 1978 s.35(3); 1980 s.44(2)
[^c21637831]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637841]: Source—1972 Sch.16 10(4), (4A); 1980 Sch.9 4
[^c21637851]: Source—1972 Sch.16 10(5); 1980 Sch.9 5
[^c21637861]: Source—1972 Sch.16 10(6)
[^c21637871]: Source—1972 Sch.16 10(7)
[^c21637881]: Source—[1972 Sch.16 10(8)(a)]
[^c21637891]: Source—[1972 Sch.16 10(8)(b), (c); 1985 Sch.25 9]
[^c21637901]: Source—[1972 Sch.16 10(9); 1980 Sch.9 6; 1987 Sch.15 4]
[^c21637911]: Source—[1972 Sch.16 11]
[^c21637921]: *See* 1974 s.44(4)*and* Sch.7 para.4(2)—*development gains.*
[^c21637931]: *See*—s.623(2)—*definition of “investment income” applied for purposes of retirement annuities.*[s.745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4)—*definition of “trading company” applied for purpose of* Ch.III Part XVIII (*transfer of assets abroad*).
[^c21637941]: Source—[1972 Sch.16 12(1); 1973 Sch.9 4(2), (4)]
[^c21637951]: Source—[1972 Sch.16 12(2)]
[^c21637961]: Source—[1972 Sch.16 12(2A); 1973 Sch.9 4(3)]
[^c21637971]: Source—[1972 Sch.16 12(2B); 1982 s.56(2)]
[^c21637981]: Source—[1972 Sch.16 12(3)]
[^c21637991]: Source—[1972 Sch.16 12A; 1978 Sch.5 2]
[^c21638001]: Source—[1972 Sch.16 13(1); 1980 Sch.9 7]
[^c21638011]: *See* 1976(D) s.34*and* Sch.6 para.9(8)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21638021]: Source—[1972 Sch.16 13(2)]
[^c21638031]: Source—[1972 Sch.16 13(3)]
[^c21638041]: [Sch.7 para.36(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/8) Copyright, Designs and Patents Act 1988*from* 1*August* 1989—*commencement order* S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816) (*not reproduced*).*Previously* “*tangible property or of copyright in a literary, dramatic, musical or artistic work within the meaning of the Copyright Act* 1956 (*or any corresponding right under the law of a country to which that Act does not extend*)”.
[^c21638051]: Source—[1956 c. 74](https://www.legislation.gov.uk/ukpga/1956/74).
[^c21638061]: [1956 c.74](https://www.legislation.gov.uk/ukpga/1956/74)
[^c21638071]: Source—[1972 Sch.16 13(4), (5)]
[^c21638081]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21638091]: Source—[1972 Sch.16 14; 1975 (No.2) Sch.8 3(3)]
[^c21638101]: Source—[1975 (No.2) Sch.8 3(4).]
[^c21638111]: *Repealed by* 1989 s.187*and* Sch.17 Part V*but* Part I*continues to have effect where the subsequent distribution referred to in* 1988 s.427(4)*is made before* 1*April* 1992.
[^c21638121]: Source—[1972 Sch.16 15-20; 1976 s.44(3); 1987 (No.2) s.61(5), (6)]
[^c21638131]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c21638141]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c22765661]: Words in [Sch. 19AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/1/2) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 33](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/33)
[^c21638161]: See 1990 s. 42 and Sch.7 para.10(2) regarding treatment of assets in relation to the first period of account of an insurance company
[^c22754751]: Words in [Sch. 19AA para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/c) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 3](https://www.legislation.gov.uk/uksi/1994/3278/article/3)
[^c22768981]: Words in [Sch. 19AA para. 2(1)(b)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/1/b/2/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/i)
[^c22769061]: Words in [Sch. 19AA para. 2(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/d) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/i)
[^c22769081]: Words in [Sch. 19AA para. 3(1)(a)(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/3/1/a/2/a/3/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/ii)
[^c22754771]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(1)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/1)
[^c22754811]: [Sch. 19AA para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/3/4) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/3)
[^c22768791]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1): definition of "B" substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(2)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/2)
[^c22768811]: [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/3)
[^c22768831]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/4)
[^c22768851]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22769111]: Words in [Sch. 19AA para 4(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1/2/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/iii)
[^c22769141]: Words in [Sch. 19AA para 4(2)(a)(b)(4)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2/a/b/4/b/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/ii)
[^c23822381]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/2)
[^c23822401]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/3)
[^c23822451]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5): definition of "free assets amount" omitted (9.6.2006 with effect in accordance with art. 1(2)(3) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [4](https://www.legislation.gov.uk/uksi/2006/1358/article/4)
[^c22754831]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 5(a)](https://www.legislation.gov.uk/uksi/1994/3278/article/5/a)
[^c22765681]: Words in [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/8)
[^c22767831]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31)
[^c22769591]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [19](https://www.legislation.gov.uk/uksi/1998/1871/regulation/19)
[^c22768861]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/a)
[^c22768881]: [Sch. 19AA para. 5(5)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted for para. 5(5)(c)-(g) (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/b)
[^c22768901]: [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/3)
[^c22768921]: [Sch. 19AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/7) omitted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by virtue of [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/4)
[^c23822221]: Words in [Sch. 19AA para. 5(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23822341]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [25](https://www.legislation.gov.uk/uksi/2005/2014/regulation/25); and that modifying reg. 25 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2007/2134/regulation/23)
[^c23822331]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [17](https://www.legislation.gov.uk/uksi/2004/2680/regulation/17); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23822241]: [Sch. 19AA para. 5(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/2)
[^c23822371]: [S.I. 1995/3237](https://www.legislation.gov.uk/uksi/1995/3237)
[^c23822261]: Words in [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(3)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/3)
[^c21638621]: [Sch. 19A para. 1(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/1/1/3): s. 451(1) (with s. 451(1A) and Sch. 19A para. 1(1)(3)) power exercised by [S.I.1991/851](https://www.legislation.gov.uk/uksi/1991/851).
[^c21638631]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(a)*coming into force* 2*January* 1991 for 1988-89*and subsequent years.*
[^c21638641]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(b)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638661]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(3)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638671]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 4*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638681]: [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) amended for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 5(2)](https://www.legislation.gov.uk/uksi/1991/851/regulation/5/2). [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) modified (28.3.1992 with effect for the year of assessment 1989-1990 only) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1992/511/regulation/1/1), [5(2)](https://www.legislation.gov.uk/uksi/1992/511/regulation/5/2)
[^c21638691]: [Sch. 19A paras. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) inserted by [S.I. 1990/2524](https://www.legislation.gov.uk/uksi/1990/2524)
[^c21638701]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 5*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638711]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638731]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638751]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638761]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638781]: 1989 s.149(6)(4)(a)(iii)—*not to affect assessments before* 1983-84 or*accounting periods before* 1*April* 1983.*Previously* “37, 40 and 41” *and* “fraud, wilful default or neglect”.
[^c21638801]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638811]: *Repealed by* 1989 s.187*and* Sch.17 Part VIII.
[^c21638821]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(5)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638831]: 1988(F) s.58*for* 1988-89*and subsequent years.*
[^c21638841]: Source—[1986 c. 60](https://www.legislation.gov.uk/ukpga/1986/60) Sch. 7 Pts. II—IV.
[^c21638851]: [1961 c. 62](https://www.legislation.gov.uk/ukpga/1961/62).
[^c21638881]: [1960 c. 58](https://www.legislation.gov.uk/ukpga/1960/58).
[^c21638891]: Words in [Sch. 20 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(a)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/a)
[^c21638901]: [1964 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1964/33).
[^c22767671]: Word in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) substituted (with effect in accordance with [Sch. 38 para. 6(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(l)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/l)
[^c22769511]: Words in [Sch. 20 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/6) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 50](https://www.legislation.gov.uk/uksi/2001/3629/article/50)
[^c22767681]: Words in [Sch. 20 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/1) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5))
[^c22767701]: [Sch. 20 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/3) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/3)
[^c23823921]: Words in [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 347(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/347/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638921]: [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.9.1992) by [Charities Act 1992 (c. 41)](https://www.legislation.gov.uk/ukpga/1992/41), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1992/41/section/78/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/1992/41/schedule/6/paragraph/17); [S.I. 1992/1900](https://www.legislation.gov.uk/uksi/1992/1900), [art. 2(1)](https://www.legislation.gov.uk/uksi/1992/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/1992/1900/schedule/1)
[^c21638931]: Words in [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(b)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/b)
[^c22767731]: [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) renumbered as para. 10(1) (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c22767721]: Words in [Sch. 20 para 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5)
[^c22767751]: [Sch. 20 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/2) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c21638961]: Words in [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/12/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(59)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/59) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23823961]: [Sch. 20 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/part/3) (paras. 11-14) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/3), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c21639001]: *For regulations see* Part III Vol.5 (*under “Pension scheme surpluses: valuation”*).
[^c21639031]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c21639041]: [Sch. 22 para. 7(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/d) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 271(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/271/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639051]: Words in [Sch. 22 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(60)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/60) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639061]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c23824151]: Words in [Sch. 22 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21639081]: 1988(F) s.56.*Previously* “(2) The Board may by regulations provide that this Schedule, or any provision of it, shall not apply in relation to a scheme or to an employee—(a) in circumstances prescribed in the regulations; (b) in any case where in the opinion of the Board the facts are such that it would be appropriate for this Schedule, or the provision in question, not to apply.” *For regulations see* Part III Vol.5*under “Retirement Benefit Schemes: transitional provisions”*.
[^c21639091]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied and when* para.2*modified.*
[^c21639101]: *For regulations see* Part III Vol.5 (*under “Retirement benefit schemes: maximum lump sum”*).
[^c21639111]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639121]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639131]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639141]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639161]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639171]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639181]: *Repealed by* 1989 ss.75*and* 187*and* Sch.6 paras.17*and* 18(10)*and* Sch.17 Part IV.
[^c23317471]: Words in [Sch. 24 para. 2(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/3A/b/ii) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317691]: Words in [Sch. 24 para. 4(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317711]: [Sch. 24 para. 4(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322061]: Words in [Sch. 25 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/26); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639531]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639541]: 1990 s.67(3)(b)*in relation to dividends paid on or after* 20*March* 1990.
[^c23319631]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/i)
[^c23319591]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(ii)(v)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/ii/v), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319651]: Words in [Sch. 25 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/b) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iii)
[^c23319671]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iv)
[^c23319621]: [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/2) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/b), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319701]: [Sch. 25 para. 2(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/3/3A) substituted for para. 2(3) (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/c)
[^c23319781]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/a)
[^c23319811]: Words in [Sch. 25 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/6) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/b)
[^c23322811]: [Sch. 25 para. 2(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1B) inserted (with application in accordance with [s. 88(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/1)
[^c23323251]: Words in [Sch. 25 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A) added (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/2)
[^c23319741]: [Sch. 25 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/a)
[^c23319761]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/b)
[^c23319991]: [Sch. 25 para. 3(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23320051]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/b), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322241]: Words in [Sch. 25 para. 3(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/28); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639551]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639561]: 1990 s.67(3)(c)*in relation to dividends paid on or after* 20*March* 1990.
[^c23323321]: Words in [Sch. 25 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/4)
[^c23323341]: Words in [Sch. 25 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1A) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/5)
[^c23323361]: Words in [Sch. 25 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/2) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/6)
[^c23319831]: Words in [Sch. 25 para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23319971]: Words in [Sch. 25 para. 2A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/5/c) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/b)
[^c23319951]: [Sch. 25 para. 2A(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/6/7) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/c), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322141]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322161]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322181]: Words in [Sch. 25 para. 2A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322201]: [Sch. 25 para. 2A(8)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/aa) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322221]: Words in [Sch. 25 para. 2A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322481]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322501]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para 30(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322561]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322931]: Words in [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/2)
[^c23322971]: [Sch. 25 para. 6(4A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/c) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/4)
[^c23323041]: [Sch. 25 para. 6(4B)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4B/b/iii) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/6)
[^c23323171]: Word in [Sch. 15 para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/6) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/11)
[^c23826921]: Words in [Sch. 25 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/1/c) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/2)
[^c23322031]: Word in [Sch. 25 para. 13(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/13/2/c) substituted (with effect in accordance with [Sch. 38 para. 6(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(m)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/m)
[^c23319321]: Words in [Sch. 26 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/a) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/46) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23828701]: [Sch. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2572/regulation/4)
[^c21639631]: Source—[1984 Sch.19; 1986 s.50; 1987 (No.2) s.66]
[^c23319121]: [Sch. 27 para. 1(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/2/a/b) substituted (with effect in accordance with [s. 134(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/4)
[^c23828791]: [Sch. 27 para. 1(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/1/d) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/2)
[^c23828351]: Words in [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828811]: [Sch. 27 para. 3(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/a/aa) substituted for para. 3(1)(a) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/3)
[^c23828831]: Words in [Sch. 27 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/b) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/4)
[^c21639641]: 1988(F) s.146*and* Sch.13 para.12 (*deemed always to have had effect*).
[^c21639651]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.6](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/6)
[^c23319161]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)) (and as that para. 3 is substituted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 39](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/39))
[^c23319141]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) substituted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 176(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/176/2)
[^c23317361]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23319181]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 83(3) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 35](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/35) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23319171]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note, Sch. 40 Pt. 3(13) Note of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13)
[^c23828311]: [Sch. 27 para. 5(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/d) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 1(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828331]: [Sch. 27 para. 5(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/e) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 2(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/2/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828751]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 350(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/350/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23828451]: Words in [Sch. 27 para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828471]: Words in [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828491]: Words in [Sch. 27 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/3/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828511]: Words in [Sch. 27 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/7) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828581]: [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/10) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/4), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828601]: Words in [Sch. 27 para. 11(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/a), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828541]: Words in [Sch. 27 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828371]: Words in [Sch. 27 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828391]: Words in [Sch. 27 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828411]: Words in [Sch. 27 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/c) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828631]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828651]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639661]: [1987 c. 51](https://www.legislation.gov.uk/ukpga/1987/51).
[^c23828561]: Words in [Sch. 27 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/7) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828671]: Words in [Sch. 27 para. 16(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/16/1) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/8), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639671]: Source—[1984 Sch.20.]
[^c21639681]: Words in [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639751]: Words in [Sch. 28 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23327731]: [Sch. 28 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c21639811]: Words in [Sch. 28 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/4/3/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639821]: Words in [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639841]: [Sch. 28 para. 8(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/4/5) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23830671]: [Sch. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2572/regulation/5)
[^c21642521]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642531]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642551]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21642561]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642571]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642591]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IX*from* 3*April* 1989—*commencement order* S.I. [1989 No.473](https://www.legislation.gov.uk/ukcm/1989/473) (*in* Part III Vol.5).
[^c21642631]: *Repealed by* 1988(F) Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642671]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642681]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642771]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642801]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642851]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642921]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642931]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642981]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643011]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643091]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643101]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643141]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21643171]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for accounting periods ending after* 5*April* 1988.
[^c21643201]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643271]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for disposals made on or after* 6*April* 1988.
[^c23835961]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entry relating to 178(1) of the Inheritance Tax Act 1984 repealed (with effect in accordance with Sch. 43 Pt. 4(1) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/4/1)
[^c23836051]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries relating to ss. 12(2), 151, 152 of the [Inheritance Tax Act 1984 (c. 51)](https://www.legislation.gov.uk/ukpga/1984/51) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21799391]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818061]: 1991 s.73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c21818071]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818081]: 1991 s. 73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c23836211]: [Sch. 30 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/6/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836241]: Words in [Sch. 30 para. 5(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836261]: Words in [Sch. 30 para. 5(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/11) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836191]: [Sch. 30 para. 5(13)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/13) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638221]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638241]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638261]: [Sch. 19AB para. 1(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/9) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(2)(h)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/h/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22765701]: Word in [Sch. 19AB para. 1(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/b) (with [s. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2))
[^c22767071]: Words in [Sch. 19AB para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/1) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/2)
[^c22767091]: [Sch. 19AB para. 1(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/3)
[^c22767111]: Word in [Sch. 19AB para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767151]: [Sch. 19AB para. 1(5)(b)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/ii/iii) substituted for Sch. 19AB para. 1(5)(b)(ii) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/4)
[^c22767171]: [Sch. 19AB para. 1(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6/6A) substituted for Sch. 19AB para. 1(6) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/5)
[^c22767191]: [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/6)
[^c22767131]: [Sch. 19AB para. 1(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/8) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/7), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767211]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted for Sch. 19AB para. 1(10) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/8)
[^c22798971]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1) amended (otherwise than as it has effect as mentioned in [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/1) of the amending Act, and with effect in accordance with Sch. 3 para. 10(6)(7), Sch. 8 Pt. 2(6) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 10(1)-(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/10/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22798931]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798951]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1): word preceding para. 1(7)(b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798941]: [Sch. 19AB para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798961]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799091]: Words in [Sch. 19AB para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/4) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799141]: [Sch. 19AB para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799161]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799181]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799591]: Words in [Sch. 19AB para. 1(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/a/b) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/3)
[^c21638271]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638281]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767251]: [Sch. 19AB para. 2(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/2) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/2)
[^c22767271]: [Sch. 19AB para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/3): words in definition of "total entitlement" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/3)
[^c22799201]: Words in [Sch. 19AB para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/c) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638291]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638301]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767291]: [Sch. 19AB para. 3(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1/a/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/2)
[^c22767311]: [Sch. 19AB para. 3(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/3)
[^c22767341]: Words in [Sch. 19AB para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/4)
[^c22767361]: Word in [Sch. 19AB para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/5)
[^c22767381]: [Sch. 19AB para. 3(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/9) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/6)
[^c22798981]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799001]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799021]: [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799011]: [Sch. 19AB para. 3(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799051]: Words in [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799031]: [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799071]: [Sch. 19AB para. 3(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799061]: Words in [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799041]: [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799081]: [Sch. 19AB para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799221]: Words in [Sch. 19AB para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799351]: [Sch. 19AB para. 3(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1ZA) inserted (with effect in accordance with [s. 91(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/1)
[^c22799241]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799331]: [Sch. 19AB para. 3(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C): word at the end of para. (a) inserted (with effect in accordance with [s. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/a); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799341]: [Sch. 19AB para. 3(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C/c) and preceding word repealed (with effect in accordance with s. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/b), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799261]: [Sch. 19AB para. 3(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1D) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799281]: Words in [Sch. 19AB para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799301]: Words in [Sch. 19AB para. 3(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799321]: Words in [Sch. 19AB para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/9) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(12)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/12); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638311]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638321]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638331]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638341]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638351]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638361]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767401]: [Sch. 19AB para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/1): definition of "provisional fraction" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/2)
[^c22767441]: [Sch. 19AB para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/3), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767421]: [Sch. 19AB para. 6(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/4)
[^c22767461]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22799371]: Words in [Sch. 19AB para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4/b) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639211]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890611]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definitions of "approved stock lending arrangement", "market maker", "recognised clearing house", "recognised investment exchange", "unapproved manufactured payment" and "unapproved stock lending arrangement" repealed (with effect in accordance with Sch. 18 Pt. 6(10), Notes 1, 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22890721]: [Sch. 23A para 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891391]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "foreign income dividend" repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22899501]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): in the definition of "overseas securities", para. (b) and preceding word repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c22899511]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "UK securities" repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c21639261]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs. 2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890991]: [Sch. 23A paras 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c22891451]: [Sch. 23A para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/c) extended (with effect in accordance with s. 24(15) of the extending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/13)
[^c22891411]: Words in [Sch. 23A para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23824791]: [Sch. 23A para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 134](https://www.legislation.gov.uk/ukpga/2006/25/section/134), [139(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/2), [Sch. 17 para. 30](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/30) (as that affecting s. 139 is amended by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/1034/1), [Sch. 1 para. 621](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/621), [Sch. 3 Pt.1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/2)) and [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [3](https://www.legislation.gov.uk/uksi/2009/2859/article/3))
[^c22892581]: [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) substituted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/5)
[^c22892621]: [Sch. 23A para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/a) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/6), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901351]: [Sch. 23A para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/4/5) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22892601]: Words in [Sch. 23A para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/a) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/7)
[^c22901361]: [Sch. 23A para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/b) and preceding word repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22891011]: [Sch. 23A paras. 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c21639321]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639331]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639341]: [Sch. 23A para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1) applied (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.2](https://www.legislation.gov.uk/uksi/1993/2004/regulation/2)
[^c21639351]: [Sch. 23A para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) restricted (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1)
[^c21639361]: [Sch. 23A para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3) restricted (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1) (as amended by [S.I. 2011/1787](https://www.legislation.gov.uk/uksi/2011/1787), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1787/regulation/1), [7](https://www.legislation.gov.uk/uksi/2011/1787/regulation/7))
[^c22887831]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 124](https://www.legislation.gov.uk/ukpga/1994/9/section/124)
[^c22889731]: Words in [Sch. 23A para 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3) substituted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/4)
[^c22889751]: [Sch. 23A para 4(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3A/3B) inserted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/5)
[^c22889771]: Words in [Sch. 23A para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889851]: [Sch. 23A para. 4(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889791]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 2
[^c22889831]: [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899521]: [Sch. 23A para. 4(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/8) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824251]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23824601]: [Sch. 23A para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(3)
[^c23824621]: Words in [Sch. 23A para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(a)
[^c23824641]: Words in [Sch. 23A para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(b)(i)
[^c23824661]: Words in [Sch. 23A para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(b)(ii)
[^c23824691]: [Sch. 23A para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(5)
[^c21639371]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); 30.6.1992 specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); 21.4.1993 specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b),4)
[^c21639381]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891071]: [Sch. 23A para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5) repealed (with effect in accordance with Sch. 10 para. 16, Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 12](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/12), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639391]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639401]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891091]: [Sch. 23A para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/6) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/a), [Sch 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639411]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639421]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889971]: [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22891111]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4(e) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891191]: [Sch. 23A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3(b) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891231]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(i)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/i), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891251]: [Sch. 23A para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/b) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/ii), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891271]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (with effect in accordance with [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(iii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/iii); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23824711]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(7)
[^c21639431]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639441]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889991]: [Sch. 23A para. 8(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/aa) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/7/a)
[^c22890031]: [Sch. 23A para. 8(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/8)
[^c22891291]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891311]: Words in [Sch 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891331]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) inserted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891351]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/3)
[^c22891431]: [Sch. 23A para. 2A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/13), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c22892731]: [Sch. 23A para. 2A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/3) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/b), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22900751]: [Sch. 23A para. 2A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/1B) inserted (with effect in accordance with [s. 108(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 108(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/3)
[^c23824281]: [Sch. 23A para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1) substituted (with effect in accordance with [Sch. 24 para. 2(7)-(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/2)
[^c23824301]: [Sch. 23A para. 2A(1ZA)(1ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1ZA/1ZB) inserted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/3)
[^c23824321]: Words in [Sch. 23A para. 2A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A) substituted (with effect in accordance with [Sch. 24 para. 2(9)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/9/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/a)
[^c23824461]: [Sch. 23A para. 2A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/a) repealed (with effect in accordance with Sch. 24 para. 2(7)(8)(10) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/b), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 1
[^c23824481]: [Sch. 23A para. 2A(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/c) and preceding word repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/c), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824511]: Words in [Sch. 23A para. 2A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A) repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/d), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824341]: Words in [Sch. 23A para. 2A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B) substituted (with effect in accordance with [Sch. 24 para. 2(7)-(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/a)
[^c23824371]: Words in [Sch. 23A para. 2A(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/a) substituted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/b)
[^c23824391]: Word at the end of Sch. 23A para. 2A(1B)(a) inserted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/b)
[^c23824411]: Words in [Sch. 23A para. 2A(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/b) substituted (with effect in accordance with [Sch. 24 para. 2(9)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/9/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/c)
[^c23824531]: [Sch. 23A para. 2A(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/c) and preceding word repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/d), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824431]: Words in [Sch. 23A para. 2A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B) substituted (with effect in accordance with [Sch. 24 para. 2(11)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/11) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/e)
[^c23824561]: Words in [Sch. 23A para. 2A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/4/a) repealed (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/6/a), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16)
[^c23824581]: Words in [Sch. 23A para. 2A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/4/b) repealed (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/6/b), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16)
[^c22891471]: [Sch. 23A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2B) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22891511]: [Sch. 23A para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/5) excluded (1.7.1997) by [The Manufactured Interest (Tax) Regulations 1997 (S. I. 1997/992)](https://www.legislation.gov.uk/uksi/1997/992), [regs. 1](https://www.legislation.gov.uk/uksi/1997/992/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/992/regulation/4)
[^c22891061]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23824241]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c22900791]: Words in [s. 23A para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/23A/paragraph/3/2/c) added (with effect in accordance with [s. 108(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 108(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/4)
[^c22900811]: [Sch. 23A para 3(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2A/2B) inserted (with effect in accordance with [s. 108(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/7) of the amending Act) by [Finance Act 2002 (c. 23, s. 108(5)](https://www.legislation.gov.uk/ukpga/2002/23)
[^c23824731]: Words in [Sch. 23A para. 2A(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/a) inserted (with effect in accordance with [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/2/a)
[^c23824751]: [Sch. 23A para. 2A(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/b) substituted (with effect in accordance with [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/2/b)
[^c23824771]: Word in [Sch. 23A para. 2A(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/b) substituted (with effect in accordance with [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/3)
[^c22891531]: Word in [Sch. 23A para. 3A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3A/2/a) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/7)
[^c21633191]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633201]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633211]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633221]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633231]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633241]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633251]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633261]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633271]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633281]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633291]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633301]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633311]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633321]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633331]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633341]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633351]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633361]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633371]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c21633381]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633391]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633401]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633411]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633421]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633431]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633441]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633451]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633461]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21635381]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635391]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635401]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635411]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635421]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635431]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635441]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635451]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635461]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635471]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635481]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635491]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635501]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635511]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635521]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635531]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635541]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635551]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635561]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635571]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635581]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635591]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635601]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635611]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635621]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635631]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635641]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635651]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635661]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635671]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635681]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635691]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635701]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635711]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635721]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635731]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635741]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635751]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635761]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635771]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635781]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635791]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635801]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635811]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635821]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635831]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635841]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635851]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635861]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635871]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635881]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635891]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635901]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635911]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635921]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635931]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635941]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635951]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21638381]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638391]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22768271]: [Sch. 19AC para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638401]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765791]: [Sch. 19AC para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769161]: Words in [Sch. 19AC para. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/i)
[^c21638411]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765811]: [Sch. 19AC para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769181]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/a)
[^c22769201]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/b)
[^c22769221]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/c)
[^c21638431]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769571]: [Sch. 19AC para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [8](https://www.legislation.gov.uk/uksi/1999/498/regulation/8)
[^c23822921]: [Sch. 19AC paras. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5), [5ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5ZA) substituted for para. 5 (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 36(2)
[^c21638441]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765851]: [Sch. 19AC para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/3/4) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/37), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766141]: [Sch. 19AC para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 35(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/35/3)
[^c22776901]: [Sch. 19AC para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769291]: Words in [Sch. 19AC para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/ii)
[^c22769301]: Words in [Sch. 19AC para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/i)
[^c21638451]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766961]: [Sch. 19AC para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 39](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/39)
[^c22768591]: Words in [Sch. 19AC para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(i)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/i)
[^c22768611]: [Sch. 19AC para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/c) repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/ii), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22769311]: Words in [Sch.19AC para. 7(2)(a)(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/2/a/3/a/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/ii)
[^c21638461]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766161]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/a)
[^c22766181]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/b)
[^c22766201]: Words in [Sch. 19AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/3)
[^c22766221]: [Sch. 19AC para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/4)
[^c22765911]: [Sch. 19AC para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638471]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765931]: [Sch. 19AC para. 9(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/2/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768371]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) substituted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/6)
[^c22768751]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) modified by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 21A](https://www.legislation.gov.uk/uksi/1998/1871/regulation/21A) (as inserted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [reg. 5](https://www.legislation.gov.uk/uksi/2000/2075/regulation/5))
[^c22801301]: [Sch. 19AC para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9) modified (31.7.1997) by 1992 (c. xx), s. 65(2)(ab) (as inserted) by Finance Act [1997 No. 2](https://www.legislation.gov.uk/ukcm/1997/2) (c. 58), Sch. 3 para. 15
[^c22768391]: Words in [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/2), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22777081]: [Sch. 19AC para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10) repealed (with effect in accordance with Sch. 3 para. 13(14)(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(8)(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/8/9), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21638491]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766611]: [Sch. 19AC para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/2)
[^c22765981]: [Sch. 19AC para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/2) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 Para. 45(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/3), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766631]: Words in [Sch. 19AC para. 11(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/4)
[^c22777091]: [Sch. 19AC para. 11(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638501]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766011]: [Sch. 19AC para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768531]: [Sch. 19AC para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/1) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(12)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/12), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638511]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766031]: [Sch. 19AC para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768671]: [Sch. 19AC para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/1) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/a), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768631]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/b)
[^c22768691]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/c), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768651]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/d)
[^c21638521]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766051]: [Sch. 19AC para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638531]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769491]: [Sch. 19AC para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/15) repealed (with effect in accordance with s. 87 of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note
[^c22769241]: Words in [Sch. 19AC para. 4A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/a)
[^c22769531]: Words in [Sch. 19AC para. 4A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/2) substituted 1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/b)
[^c22769541]: [Sch. 19AC para. 4A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/c)
[^c22769561]: O.J. No. L360, 9.12.1992, pp. 1-27.
[^c22768311]: [Sch. 19AC para. 5A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5A/3) inserted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/4)
[^c22768331]: [Sch. 19AC para. 5B(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5B/1) repealed (with effect in accordance with Sch. 3 para. 13(14)(16) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767591]: [Sch. 19AC para. 5C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5C/2) substituted for Sch. 19AC para. 5C(2) (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/5)
[^c22768411]: [Sch. 19AC para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9A) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/7), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767811]: Words in [Sch. 19AC para. 9B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9B) substituted (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/5)
[^c22769401]: [Sch. 19AC para. 9C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9C) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/1), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22768451]: [Sch. 19AC para. 10A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10A) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/10), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22769441]: Words in [Sch. 19AC para. 10AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10AA) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768731]: [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) inserted (with effect in accordance with [s. 75(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/6/a) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/4)
[^c22769471]: Words in [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22769341]: Words in [Sch. 19AC para. 10C(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iii)
[^c22769351]: Words in [Sch. 19AC para. 10C(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iii)
[^c22768491]: [Sch. 19AC para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/1) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para 13(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/11), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22768501]: [Sch. 19AC para. 11A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/2) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/3), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22769461]: Words in [Sch. 19AC para. 11C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11C) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768941]: Word in [Sch.19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) repealed (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/a)
[^c22768961]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/b)
[^c22769361]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iv)
[^c22769381]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iv)
[^c23822961]: This section was inserted by section 149 of the Finance Act 2003.
[^c23821231]: Word in [Sch. 15A para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821251]: [Sch. 15A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22783901]: Words in [Sch. 15A para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 48](https://www.legislation.gov.uk/uksi/2001/3629/article/48)
[^c15675031]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22783921]: [Sch. 15B para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/7) repealed (with effect in accordance with Sch. 16 para. 3(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 3(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/3/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 4
[^c23821431]: [Sch. 15B para. 1(6)(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/6/da) inserted (23.1.2003) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23821451]: [Sch. 15B para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/10/11) inserted (with effect in accordance with [s. 195(12)](https://www.legislation.gov.uk/ukpga/2003/14/section/195/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 40 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/40/paragraph/1); [S.I. 2003/3077](https://www.legislation.gov.uk/uksi/2003/3077), [art. 2](https://www.legislation.gov.uk/uksi/2003/3077/article/2)
[^c23821471]: Words in [Sch. 15B para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/3) substituted (with effect in accordance with [Sch. 19 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/1)
[^c23821491]: [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/1)
[^c23821501]: Words in [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) substituted (with effect in accordance with [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/1)
[^c22783941]: Words in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/2)
[^c23821581]: Word in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/2)
[^c22784001]: [Sch. 15B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3): power to exclude conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/8), [9(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/9/1/b), [10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/10)
[^c22783961]: Words in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/3)
[^c23821521]: [Sch. 15B para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/4) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/2)
[^c23821531]: [Sch. 15B para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/9) modified (17.9.2004 with effect in accordance with reg. 1(2)(a) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2199/regulation/4)
[^c23821541]: Words in [Sch. 15B para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/a)
[^c23821561]: Words in [Sch. 15B para. 3(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/b)
[^c23821601]: Word in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/3)
[^c23821641]: Words in [Sch. 15B para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/4/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22783931]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/b), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c23821621]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/4)
[^c22734821]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23316661]: [Sch. 28A para. 6(da)-(dd)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316981]: Words in [Sch. 28A para. 6(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/a/4)
[^c23317041]: Words in [Sch. 28A para. 6(db)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/db) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317021]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/c/4)
[^c23317221]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/1)
[^c23317861]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/2)
[^c23317831]: [Sch. 28A para. 6(de)(df)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/de/df) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/4)
[^c23830791]: Words in [Sch. 28A para. 6(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(2)
[^c23830811]: Words in [Sch. 28A para. 6(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(3)
[^c23830831]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(4)
[^c23316701]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317081]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/d/4)
[^c23316741]: Words in [Sch. 28A para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316761]: [Sch. 28A para. 7(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318201]: Word preceding Sch. 28A para. 7(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318161]: [Sch. 28A para. 7(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3)
[^c23318221]: Word preceding Sch. 28A para. 7(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/4), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23317921]: [Sch. 28A para. 7(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/5)
[^c23318241]: [Sch. 28A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/5), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830701]: Words in [Sch. 28A para. 7(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830851]: [Sch. 28A para. 7(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/a/aa) substituted for para. 7(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(5)
[^c23830871]: [Sch. 28A para. 7(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/e/iii) and preceding word substituted for para. 7(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(6)
[^c23831031]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/4)
[^c23316801]: [Sch. 28A para. 13(1)(ea)-(ed)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317121]: Words in [Sch. 28A para. 13(1)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(f)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/f/4)
[^c23317161]: Words in [Sch. 28A para. 13(1)(eb)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/eb) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(g)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/g/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317141]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(h)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/h/4)
[^c23317261]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/2)
[^c23318511]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/7)
[^c23317951]: [Sch. 28A para. 13(1)(ee)(ef)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ee/ef) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/6)
[^c23830911]: Words in [Sch. 28A para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(a)
[^c23830931]: Words in [Sch. 28A para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(b)
[^c23830951]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(c)
[^c23316881]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317201]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(i)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/i/4)
[^c23316901]: Words in [Sch. 28A para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316921]: [Sch. 28A para. 16(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318661]: Word preceding Sch. 28A para. 16(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318621]: [Sch. 28A para. 16(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8)
[^c23318681]: Word preceding Sch. 28A para. 16(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/9), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318001]: [Sch. 28A para. 16(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/7)
[^c23318701]: [Sch. 28A para. 16(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/10), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830761]: Words in [Sch. 28A para. 16(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830971]: [Sch. 28A para. 16(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/a/aa) substituted for para. 16(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(9)
[^c23830991]: [Sch. 28A para. 16(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/e/iii) and preceding word substituted for para. 16(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(10)
[^c23831091]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/7)
[^c23830781]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23317101]: [Sch. 28A para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/2/a) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/e/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23318601]: Words in [Sch. 28A para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/c) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/6/b)
[^c23830731]: Words in [Sch. 28A para. 11(1)(a)(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/a/3/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830891]: [Sch. 28A para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/b) substituted for para. 11(1)(b)(bb) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(7)
[^c23831111]: [Sch. 28A Pt. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/part/4) title substituted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/8)
[^c22807531]: [Sch. 28B para. 3(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/2/aa) and preceding word substituted for para. 2(2)(b)(c) (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/1)
[^c22807551]: [Sch. 28B para. 3(6)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/6) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/2)
[^c22807591]: Words in [Sch. 28B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/3)
[^c22807611]: Words in [Sch. 28B para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/a) substituted (with effect in accordance with [Sch. 16 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/1)
[^c23835721]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/i)
[^c23835731]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/a)
[^c23835741]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/b)
[^c23835751]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835761]: Words in [Sch. 28B para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/a) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/i)
[^c23835771]: Words in [Sch. 28B para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/ii)
[^c23835781]: [Sch. 28B para. 3(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/5A/5B) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/c)
[^c23835791]: Words in [Sch. 28B para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/b) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/2) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22807631]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/3)
[^c22807641]: [Sch. 28B para. 4(2)(ea)-(ee)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/ea) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/1)
[^c22807661]: Words in [Sch. 28B para. 4(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/f) substituted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/2)
[^c22807681]: [Sch. 28B para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/3A) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/3)
[^c22807701]: [Sch. 28B para. 4(5)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/5) substituted for para. 4(5)(6) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/1)
[^c22807721]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22807731]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23835441]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/3) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22808151]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "nursing home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/1)
[^c22808171]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "property development" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/2)
[^c22808191]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "residential care home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/3)
[^c22808231]: [Sch. 28B para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/5): definition of "interest in land" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/4)
[^c22808251]: [Sch. 28B para. 5(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/6/7) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/5)
[^c22808271]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "research and development" substituted (with effect in accordance with [Sch. 18 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/1) (with [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/3))
[^c23835461]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 5(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 2 (with Sch. 27 para. 5(6))
[^c22808291]: [Sch. 28B para. 6(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2A) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/4)
[^c22808351]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/4)
[^c22808391]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808371]: [Sch. 28B para. 6(1)(2)(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/2/2AA) substituted for para. 6(1)(2) (with effect in accordance with [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/1)
[^c23835181]: Words in [Sch. 28B para. 6(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/a/ii) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/a)
[^c23835201]: Words in [Sch. 28B para. 6(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AA/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/b)
[^c23835221]: [Sch. 28B para. 6(2AB)-(2AH)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AB) substituted for para. 6(2A)-(2C)(with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/c)
[^c23835501]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/d), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c22808401]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808441]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c23835801]: Words in [Sch. 28B para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/a) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/a)
[^c23835821]: Words in [Sch. 28B para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/b) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/b)
[^c22808471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808451]: Words in [Sch. 28B para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/1) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/a), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22808461]: [Sch. 28B para. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/2) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/b), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22809491]: Words in [Sch. 28B para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/1) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/1)
[^c22809511]: [Sch. 28B para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/2) repealed (with effect in accordance with Sch. 9 para. 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/2), [Sch. 18 Pt. 6(9)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/9), Note
[^c22809531]: Words in [Sch. 28B para. 10(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/5) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/3)
[^c22809561]: Words in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/4)
[^c23835521]: [Sch. 28B para. 10(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835241]: [Sch. 28B para. 10(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/ca) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/b)
[^c23835261]: Words in [Sch. 28B para. 10(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/e) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/c)
[^c23835281]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/i)
[^c23835541]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/ii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835561]: Word in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835581]: Word in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iv), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835301]: Words in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/v)
[^c23835321]: [Sch. 28B para. 10(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4A) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/e)
[^c23835601]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835341]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/ii)
[^c23835621]: [Sch. 28B para. 10(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/6) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(g)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/g), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835641]: Words in [Sch. 28B para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835661]: Word in [Sch. 28B para. 11(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/b), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835681]: Word in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/c), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835381]: Words in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/d)
[^c22809591]: Words in [Sch. 28B para. 12(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/12/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/3)
[^c15675021]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22809611]: [Sch. 28B para. 13(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/2) substituted for para. 13(2)(3) (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/3)
[^c22809651]: [Sch. 28B para. 13(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/5/b) and preceding word repealed (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(3)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/3/8), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 3
[^c22809631]: [Sch. 28B para. 13(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/6) inserted (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(4)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/4/8)
[^c22809671]: Words in [Sch. 28B para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/1) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/3/5/b)
[^c22809481]: [Sch. 28B para. 10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/72/5)
[^c22809471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22809451]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22809461]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c23835001]: [Sch. 28B para. 11A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/2/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(a)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/a) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835021]: Words in [Sch. 28B para. 11A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/3/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(b)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/b) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835401]: Word in [Sch. 28B para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/1) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/15)
[^c23835701]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) applied (17.9.2004 with effect in accordance with reg. 1(2)(b) of the affecting S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/1)
[^c23835711]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) modified (17.9.2004 with effect in accordance with reg. 1(2)(b) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [13(5)(6)(8)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/5/6/8)
[^c22779561]: Words in [Sch. 13A para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779581]: [Sch. 13A para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/2) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779601]: Words in [Sch. 13A para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/1) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/4), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779641]: Words in [Sch. 13A para. 14(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779621]: Words in [Sch. 13A para. 14(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/8) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/6), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22777321]: [Sch. 5AA para. 1(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6/7) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/7)
[^c22777411]: [Sch. 5AA para. 1(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/2/b/c) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777481]: [Sch. 5AA para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777451]: Words in [Sch. 5AA para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/5) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/c), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777461]: Words in [Sch. 5AA para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/d), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777471]: [Sch. 5AA para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/7) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/e), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777491]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/2)
[^c22777571]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/3), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777351]: Words in [Sch. 5AA para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/6) inserted (with effect in accordance with [s. 99(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 99(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/4)
[^c22777511]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/3)
[^c22777581]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777551]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/5)
[^c22777611]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777621]: [Sch. 5AA para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/9) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/7), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777531]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/4)
[^c22777591]: Words in [Sch. 5AA para. 4A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/5/b) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777601]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22747131]: Words in [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11/paragraph/6/2) substituted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [ss. 19(1)](https://www.legislation.gov.uk/ukpga/2002/1/section/19/1), [20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/10) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c22747111]: [1974 c.30](https://www.legislation.gov.uk/ukpga/1974/30).
[^c22747121]: [1977 c.36](https://www.legislation.gov.uk/ukpga/1977/36).
[^c22778281]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778291]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778301]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778311]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778321]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778331]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778341]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778351]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778361]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778371]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778381]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778391]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778401]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778411]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c23316401]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/58/1) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/12)) (with Sch. 22 para. 58(3))
[^c23316411]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (with modifications) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 59(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/59/1/2) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/13)) (with Sch. 22 para. 59(4))
[^c23316421]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 100](https://www.legislation.gov.uk/ukpga/1996/8/section/100) (as substituted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23316431]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A/1) (as inserted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23833991]: Words in [Sch. 28AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/1/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/2)
[^c23834871]: [Sch. 28AA para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/3) applied (with effect in accordance with Sch. 17 para. 13 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 17 para. 12(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/12/5)
[^c23834201]: Words in [Sch. 28AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/2) substituted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/2)
[^c23834321]: Words in [Sch. 28AA para. 4(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [103](https://www.legislation.gov.uk/uksi/2005/3229/regulation/103)
[^c23834361]: [Sch. 28AA para. 4(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/12): definition of "settlement" and "settlor" substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 26](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/26), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23834001]: Words in [Sch. 28AA para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/1) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/a), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834011]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834021]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834031]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834041]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834051]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834061]: [Sch. 28AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/c)
[^c23316441]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316461]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", para. (a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/a)
[^c23316481]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", words in para. (e) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/b)
[^c23316501]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "voluntary amendment", paras. (a)(b) substituted for words (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/4)
[^c23834071]: [Sch. 28AA para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/1) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/4)
[^c23834081]: Word in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/i)
[^c23834091]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/2)
[^c23834101]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/ii)
[^c23834111]: Words in [Sch. 28AA para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/a) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/b)
[^c23834261]: [Sch. 28AA para. 6(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/5)
[^c23316451]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316521]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316581]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316541]: [Sch. 28AA para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/a) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316601]: [Sch. 28AA para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/b) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316561]: [Sch. 28AA para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/3) substituted for para. 8(2) (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316621]: [Sch. 28AA para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/4) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23833971]: Words in [Sch. 28AA para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834121]: [Sch. 28AA para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834131]: Word at the end of Sch. 28AA para. 11(3)(c) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/a)
[^c23834141]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834151]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834161]: Words in [Sch. 28AA para. 11(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834171]: Words in [Sch. 28AA para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/12/3/b) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/8)
[^c23316641]: Words in [Sch. 28AA para. 13(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/68)
[^c23834181]: [Sch. 28AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13) renumbered as para. 13(1) (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c23834191]: [Sch. 28AA para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/2) added (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c22747221]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23833861]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): words in definition of "losses" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 40(2)
[^c23833881]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "medium-sized enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833891]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "non-qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833901]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "paragraph 6C claim" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/5)
[^c23833911]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833921]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "small enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833701]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2ZA)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2ZA) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/7/2))
[^c23833711]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/16) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/8))
[^c23833721]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/2))
[^c23833731]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 31A](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/31A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/3))
[^c23833741]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 55(1A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/55/1A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/16/2))
[^c23834381]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834481]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23834391]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834491]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23833931]: Words in [Sch. 28AA para. 6A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23833951]: Words in [Sch. 28AA para. 6E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834281]: Words in [Sch. 28AA para. 7A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7A/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834301]: Words in [Sch. 28AA para. 7C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7C/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834811]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 340(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/340/7), [625(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/625/7), [694(8)-(10)](https://www.legislation.gov.uk/ukpga/2009/4/section/694/8), [775(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/775/3) (with [ss. 628](https://www.legislation.gov.uk/ukpga/2009/4/section/628), [629](https://www.legislation.gov.uk/ukpga/2009/4/section/629), [636](https://www.legislation.gov.uk/ukpga/2009/4/section/636), [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834821]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 445-447](https://www.legislation.gov.uk/ukpga/2009/4/section/445) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834881]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [19(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/6), [22(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/6) (with [regs. 19(7)(10)(11)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/7/10/11), [22(7)(9)(10)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/7/9/10))
[^c23834891]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.1.2010) by The Northern Rock plc (Tax Consequences) Regulations 2009 ([S.I. 2009/3227](https://www.legislation.gov.uk/uksi/2009/3227)), regs. 1, 4(3), 6(2)
[^c22780291]: [Sch. 13B para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/3/2A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/2)
[^c22780261]: Words in [Sch. 13B para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/4/1/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/9)
[^c22780281]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22780311]: [Sch. 13B para. 5(4)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/5/4/ca) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/3)
[^c22780331]: [Sch. 13B para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/4A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/2)
[^c22780351]: [Sch. 13B para. 6(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/7A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/3)
[^c22780371]: [Sch. 13B para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/7/3) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/5)
[^c22780391]: Words in [Sch. 13B para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/4) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/2)
[^c22780411]: [Sch. 13B para. 8(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/5A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/3)
[^c22747291]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747301]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c22747311]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747321]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c23389441]: Words in [Sch. 4AA para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/1/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(2)
[^c23389461]: Words in [Sch. 4AA para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/7/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(3)
[^c23389481]: [Sch. 4AA para. 13(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13/1/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(4)
[^c23389501]: [Sch. 4AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(5)
[^c23822131]: [Sch. 18A Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18A/part/2) modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2)
[^c23387701]: O.J. L374, 31.12.1991, p.7.
[^c23380011]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23380081]: O.J. L374, 31.12.1991, p.7.
[^M_C_2ff0b80a-162b-47c9-c6f4-ff0bd810eb8b]: S. 727A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_0169c535-0cbc-4d28-ef6b-3703edc5fb9c]: S. 727A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_35587500-78f4-49c8-c329-adb9d7d0e49d]: S. 730A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_1dee2bfc-1fd1-48cf-d531-2f5548898d8a]: S. 730A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_564d4cb1-5bc0-43e5-c6df-353f878c1715]: S. 737A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_ba5ef986-3485-4d3c-931e-7a14ddf29217]: S. 737A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_77b98302-ea88-428d-c627-5798619f8d3b]: S. 737C applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
#### Foreign pensions.
#### Section 209(3AA): link to shares of company or associated company
#### Further interpretation of sections 135 to 139.
#### Further interpretation of sections 135 to 139.
#### Cash vouchers taxable under P.A.Y.E.
#### Further interpretation of sections 135 to 139.
#### Credit-tokens.
#### Supplementary provisions.
#### Relief for contributions in respect of share option gains.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### Mileage allowance relief
#### Application of lower rate to company distributions.
#### Provisions supplementary to section 138.
#### Provisions supplementary to section 138.
#### Application of sections 251B and 251C
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Further interpretation of sections 135 to 139.
#### Conditional acquisition of shares.
#### Meaning of “distribution”.
#### Application of lower rate to company distributions.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Conditional acquisition of shares.
#### Application of lower rate to company distributions.
#### Section 209(3AA): hedging arrangements
#### Chargeable payments connected with exempt distributions.
#### Stock dividends: distributions.
#### Returns.
#### Meaning of “adjusted net income”
#### Children’s tax credit.
#### Children’s tax credit.
#### Transitional relief: husband with excess allowances.
#### Qualifying policies.
#### Eligibility for relief.
#### Aggregation of wife’s income with husband’s.
#### Aggregation of wife’s income with husband’s.
#### Attribution of relief to shares.
#### Provisions supplementary to sections 293 and 297.
#### Withdrawal of relief.
#### Tax on companies in administration
#### The conditions mentioned in section 349A(1)
#### Transfers of trade to obtain balancing allowances
#### Company reconstructions: supplemental.
#### Transfers of trade to obtain balancing allowances
#### Directions disapplying section 349A(1)
#### Directions disapplying section 349A(1)
#### Substitution of security: supplemental.
#### Relief where borrower deceased.
#### Loan to pay inheritance tax.
#### Second loans.
#### Interest which never has been relevant loan interest etc.
#### Losses from overseas property business.
#### Losses from overseas property business.
#### Treatment of interest as a loss for purposes of carry-forward and carry-back.
#### Extension of right of set-off to capital allowances.
#### Losses of ring fence trade: set off against profits of an earlier accounting period
#### Terminal losses.
#### Transactions in deposits with and without certificates or in debts.
#### Close companies.
#### Computation of gross profits.
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### “Distribution” to include certain expenses of close companies.
#### Reduced loss relief for additions to non-profit funds
#### Sections 434AZA and 434AZB: supplementary
#### Determination of policy holders’ share for purposes of s.438B
#### Life reinsurance business: separate charge on profits.
#### Equalisation reserves for general business.
#### Retained assets
#### Taxation in respect of other business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tariff receipts and tax-exempt tariffing receipts
#### Cases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease
#### Conditions to be satisfied by individuals.
#### Conditions to be satisfied by companies.
#### General powers to make regulations under Chapter IV.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Offshore income gains: application of transfer of assets abroad provisions
#### Income treated as arising under section 761(1): remittance basis
#### Provision not at arm’s length.
#### Form of relief.
#### Attribution of relief to shares.
#### Interpretation of Chapter III.
#### Company reconstructions: supplemental.
#### Losses from UK property business.
#### Losses etc. which may be surrendered by way of group relief.
#### Loans to participators etc.
#### Determination of policy holders’ share for purposes of s.438B
#### Securities.
#### Taxation in respect of other business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Lessee under long funding finance lease: limit on deductions
#### General powers to make regulations under Chapter IV.
#### Meaning of “construction operations”.
#### Change in ownership of company carrying on property business.
#### Change in company ownership: postponed corporation tax.
#### Supplementary provisions.
#### Provisions supplementary to section 138.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Meaning of “distribution”.
#### Election by company paying dividend.
#### Returns.
#### Further interpretation of sections 135 to 139.
#### Relief for contributions in respect of share option gains.
#### Further interpretation of sections 135 to 139.
#### Relief for necessary expenses.
## [SCHEDULE 19A
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
##### 9
- (1) Where—
- (a) a qualifying company claims an allowance under section 441 of the Capital Allowances Act (research and development allowances) for the commencement period, and
- (b) the claim is for an allowance in respect of qualifying E&A expenditure incurred before that period,
the company may also claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period shall be treated as an allowance under Part 6 of the Capital Allowances Act for the commencement period in respect of qualifying E&A expenditure incurred by the company.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company shall be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of qualifying E&A expenditure and pre-commencement supplement.
- (2) The pool shall be taken to have consisted of—
- (a) the company’s qualifying E&A expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (b) the company’s pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying E&A expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying E&A expenditure mentioned in paragraph 9(1)(b) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions shall be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement shall be taken to have been added to the pool in that period.
##### 11
- (1) This paragraph applies in any case where—
- (a) the qualifying company disposes of an interest in an oil licence in a pre-commencement period,
- (b) part of the value of the interest (the “*deductible amount*”) is attributable to qualifying E&A expenditure incurred by the company, and
- (c) section 555 of the Capital Allowances Act (disposal of oil licence with exploitation value) has effect in relation to the disposal.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for each pre-commencement period—
- (a) find the total of the deductible amounts in the case of all such disposals made by the company (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
- (3) In this paragraph “*oil licence*” has the same meaning as in section 555 of the Capital Allowances Act (see section 552 (1) of that Act).
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying E&A expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying E&A expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made at the same time as, and as if it were part of, the claim under section 441 of the Capital Allowances Act mentioned in paragraph 9(1)(a).
- (2) Subsection (3) of that section (claim for reduced amount) applies in relation to any such claim.
## Part 4 — Post-commencement supplement
#### Sales etc. at an undervalue or overvalue.
##### 15
- (1) A qualifying company which incurs a qualifying E&A loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period shall be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19C) as if it were a loss—
- (a) incurred in carrying on the ring fence trade in that period,
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) shall apply in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) shall be reduced proportionally.
- (2A) But, if the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006, sub-paragraph (2) has no effect in relation to the amount of the supplement for that period.
- (3) Paragraphs 19 to 24 have effect for the purpose of determining the reference amount for a post-commencement period.
##### 17
- (1) Where—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), it shall be assumed that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (3) So much of a ring fence loss as is attributable to qualifying E&A allowances for the period of the loss is a “qualifying E&A loss”.
- (4) A ring fence loss is attributable to qualifying E&A allowances to the extent that the amount of the ring fence loss does not exceed the amount of the qualifying E&A allowances for the period of the loss.
- (5) But a claim for post-commencement supplement may include an election for a ring fence loss to be treated—
- (a) as attributable to qualifying E&A allowances for the period of the loss to such lesser extent as may be specified in the election, or
- (b) as not attributable to such allowances.
- (6) “*Qualifying E&A allowances*”, in the case of an accounting period, means allowances for that period under Part 6 of the Capital Allowances Act in respect of qualifying E&A expenditure incurred by the company (including any pre-commencement supplement treated under paragraph 9(2) as such an allowance).
- (7) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18
- (1) So much of a ring fence loss as is not a qualifying E&A loss is a non-qualifying loss.
- (2) Where—
- (a) a loss was incurred by a qualifying company in its ring fence trade in an accounting period ending on or before 31st December 2003, and
- (b) some or all of that loss falls to be set off under section 393 against profits of that trade in accounting periods ending on or after that date,
so much of the loss as falls to be so set off is a ring fence loss and that loss is a non-qualifying loss.
- (3) This paragraph has effect for the purposes of this Part of this Schedule.
##### 18A
- (1) This paragraph applies in any case where the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) ending before 1st January 2006.
- (2) The following assumption shall be made for the purpose of calculating the amount of the qualifying E&A loss and the amount of the non-qualifying loss.
- (3) The assumption is that the loss made in the trade is taken to be the loss incurred in the accounting period beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
- (4) The amount of the non-qualifying loss (found in accordance with that assumption) is then reduced (but not below nil) by the following amount.
- (5) The amount is the amount of the ring fence loss in the deemed accounting period beginning on 1st January 2006 determined under paragraph 18 of Schedule 19C for the purposes of Part 4 of that Schedule.
#### Change in company ownership: corporation tax.
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company shall be taken at all times in its post-commencement periods to have—
- (a) a continuing pool of the company’s non-qualifying losses (the “non-qualifying pool”), and
- (b) a continuing mixed pool of the company’s qualifying E&A losses and post-commencement supplement (the “qualifying pool”).
- (2) A pool continues even if the amount in it is nil.
##### 20
- (1) The non-qualifying pool consists of the company’s non-qualifying losses, allocated to the pool in accordance with sub-paragraph (2).
- (2) A non-qualifying loss is allocated to the pool by adding the amount of the non-qualifying loss to the pool in the period of the loss.
- (3) In the case of a non-qualifying loss incurred in an accounting period ending on or before 31st December 2003, the period of the loss shall be taken for the purposes of sub-paragraph (2) to be the first accounting period of the company that ends on or after 1st January 2004.
- (4) The amount in the non-qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (5) Where a reduction in the amount in the non-qualifying pool falls to be made in any accounting period—
- (a) the reduction is to be made after the addition to the pool of any non-qualifying loss allocated to the pool in that period in accordance with sub-paragraph (2), and
- (b) references to the amount in the non-qualifying pool shall be construed accordingly.
##### 21
- (1) The qualifying pool consists of—
- (a) the company’s qualifying E&A losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (b) the company’s post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of qualifying E&A losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a qualifying E&A loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) Where a reduction in the amount in the qualifying pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any qualifying E&A losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool shall be construed accordingly.
##### 22
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) The amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If any of that sum remains after being so set against the amount in the non-qualifying pool, the amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) ending before 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company beginning before 1st January 2006 and ending on or after that date (disregarding paragraph 3(3)).
##### 23
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) In the following provisions of this paragraph, references to the remaining amount in a pool are references to so much (if any) of the amount in the pool as remains after making any reductions that fall to be made in accordance with paragraph 22.
- (3) The remaining amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the remaining amount in the non-qualifying pool, the remaining amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 24
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the qualifying pool as remains after making any reductions required by paragraph 22 or 23.
## SCHEDULE 19C
## Part 1 — Introductory
### About this Schedule
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period beginning on or after 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying pre-commencement expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) Part 2 makes provision about the application and interpretation of this Schedule.
- (3) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (4) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (5) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (6) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts in respect of any asset representing qualifying pre-commencement expenditure,
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
### Qualifying companies
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in any activities with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
### Accounting periods
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period beginning on or after 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period—beginning on or after 1st January 2006, andending before the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs any expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the activities in the course of which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) But special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 5, 18 and 21(4) to (6)).
### The relevant percentage
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period beginning on or after 1st January 2006 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) above for such accounting periods as may be specified in the order.
### Limit on number of accounting periods for which supplement may be claimed
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
- (3) A claim for supplement by the company under Schedule 19B (exploration expenditure supplement) in respect of an accounting period is to count for the purposes of this paragraph as a claim for supplement under this Schedule in respect of that accounting period.
- (4) But, if the company makes a claim for supplement under this Schedule in respect of the deemed accounting period, any claim for supplement by the company under Schedule 19B in respect of the Schedule 19B deemed accounting period is to be ignored for the purposes of this paragraph.
- (5) For this purpose—
- “*the deemed accounting period*” means the deemed accounting period under paragraph 3(3) beginning on 1st January 2006, and
- “*the Schedule 19B deemed accounting period*” means the deemed accounting period under paragraph 3(3) of Schedule 19B ending before 1st January 2006.
### Qualifying pre-commencement expenditure
##### 6
- (1) For the purposes of this Schedule, expenditure is “qualifying pre-commencement expenditure” if it meets conditions A to D.
- (2) Condition A is that the expenditure is incurred on or after 1st January 2006.
- (3) Condition B is that the expenditure is incurred in the course of oil extraction activities.
- (4) Condition C is that the expenditure is incurred by a person with a view to carrying on a ring fence trade but before the person sets up and commences the ring fence trade.
- (5) Condition D is that the expenditure—
- (a) is subsequently allowable as a deduction in calculating the profits of the ring fence trade for the commencement period (whether or not any part of it is so allowable for any post-commencement period), or
- (b) is relevant R&D expenditure incurred by an SME.
- (6) For the purposes of this paragraph, expenditure incurred by a company is “relevant R&D expenditure incurred by an SME” if—
- (a) the company makes an election under paragraph 14 of Schedule 20 to the Finance Act 2000 (R&D tax relief for SMEs: alternative treatment of pre-trading expenditure) in respect of that expenditure, but
- (b) the company does not make a claim for an R&D tax credit under that Schedule in respect of that expenditure.
- (7) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by an SME, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 150% of its actual amount.
- (8) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by a large company, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 125% of its actual amount.
- (9) For this purpose “*relevant R&D expenditure incurred by a large company*” means qualifying expenditure within the meaning given by paragraph 11(3) of Schedule 12 to the Finance Act 2002 (R&D tax relief for large companies).
### Unrelieved group ring fence profits for accounting periods
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) If an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X's taxable ring fence profits for its accounting period.
- (4) If an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X's taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
### Taxable ring fence profits of an accounting period
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
### Supplement in respect of a pre-commencement accounting period
##### 9
- (1) If—
- (a) a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and
- (b) the expenditure is incurred before the commencement period,
the company may claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period is to be treated as expenditure—
- (a) which is incurred by the company in the commencement period, and
- (b) which is allowable as a deduction in calculating the profits of the ring fence trade for that period.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
### The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is to be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) qualifying pre-commencement expenditure, and
- (c) pre-commencement supplement.
- (2) The pool is to be taken to have consisted of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) the company's qualifying pre-commencement expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (c) the company's pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying pre-commencement expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying pre-commencement expenditure mentioned in paragraph 9(1) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions is to be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement is to be taken to have been added to the pool in that period.
- (5) In this paragraph references to the relevant amount (if any) which the company carries forward under Schedule 19B are to the amount in its mixed pool for the purposes of Part 3 of Schedule 19B immediately before 1st January 2006.
### Reduction in respect of disposal receipts under the Capital Allowances Act
##### 11
- (1) This paragraph applies in the case of the qualifying company if—
- (a) it incurs qualifying pre-commencement expenditure in respect of a ring fence trade in any pre-commencement period,
- (b) it would, on the relevant assumption, be entitled to an allowance under any provision of the Capital Allowances Act in respect of that expenditure,
- (c) an event occurs in relation to any asset representing the expenditure in any pre-commencement period, and
- (d) the event would, on the relevant assumption, require a disposal value (the “deductible amount”) to be brought into account under any provision of the Capital Allowances Act for any pre-commencement period.
- (2) The relevant assumption is that the company was carrying on the ring fence trade—
- (a) when the expenditure was incurred, and
- (b) when the event giving rise to the disposal value occurred.
- (3) For the purpose of allocating qualifying pre-commencement expenditure to the pool for each pre-commencement period—
- (a) find the total amount of the disposal values in the case of all such events (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
### Reduction in respect of unrelieved group ring fence profits
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
### The reference amount for a pre-commencement period
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
### Claims for pre-commencement supplement
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period.
- (2) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for pre-commencement supplement as it applies in relation to a claim for group relief.
## Part 4 — Post-commencement supplement
### Supplement in respect of a post-commencement period
##### 15
- (1) A qualifying company which incurs a ring fence loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period is to be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19B) as if it were a loss—
- (a) which is incurred in carrying on the ring fence trade in that period, and
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
### Amount of post-commencement supplement for a post-commencement period
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.
### Ring fence losses
##### 17
- (1) If—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), the following assumption is to be made.
- (3) The assumption is that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (4) This paragraph is subject to paragraph 18 (special rule for straddling periods).
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### Special rule for straddling periods
##### 18
- (1) This paragraph applies if the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”).
- (2) The amount of the ring fence loss in the deemed accounting period is determined as follows.
- *Step 1*
- Calculate so much of the ring fence loss in the straddling period as, for the purposes of Part 4 of Schedule 19B, is attributable to qualifying E&A allowances for the straddling period.
- The amount given by this step is “the qualifying Schedule 19B amount”.
- *Step 2*
- Calculate so much of the ring fence loss in the straddling period as is attributable to allowances for the straddling period under Part 6 of the Capital Allowances Act in respect of relevant expenditure.
- For the purposes of this step “*relevant expenditure*” means expenditure incurred by the company on or after 1st January 2006 which, but for that fact, would be qualifying E&A expenditure for the purposes of Schedule 19B.
- For the purposes of this step a ring fence loss is attributable to those allowances to the extent that the amount of the loss (less the qualifying Schedule 19B amount) does not exceed the amount of those allowances for that period.
- The amount given by this step is “the amount of the post-1st January 2006 E&A allowances”.
- *Step 3*
- Deduct the qualifying Schedule 19B amount and the amount of the post-1st January 2006 E&A allowances from the amount of the ring fence loss in the straddling period.
- *Step 4*
- Apportion the remaining amount of that loss (if any) to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- The amount given by this step is “the amount of the apportioned loss”.
- *Step 5*
- The amount of the ring fence loss in the deemed accounting period is the amount of the apportioned loss plus the amount of the post-1st January 2006 E&A allowances.
- (3) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
- (4) In this paragraph references to the ring fence loss in the straddling period are to that loss determined on the assumption that the straddling period is the period of the loss for the purposes of paragraph 17.
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, and
- (c) post-commencement supplement.
- (2) The ring fence pool continues even if the amount in it is nil.
- (3) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.
- (4) But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.
- (5) In this paragraph—
- “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006, and
- “*the carried forward non-qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### The ring fence pool
##### 20
- (1) The ring fence pool consists of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (c) the company's post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of ring fence losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a ring fence loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the ring fence pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) If a reduction in the amount in the ring fence pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any ring fence losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool are to be read accordingly.
- (5) In this paragraph “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### Reductions in respect of utilised ring fence losses
##### 21
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If the company has a non-qualifying pool, the amount in the non-qualifying pool is to be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If—
- (a) any of that sum remains after being so set against the amount in the non-qualifying pool, or
- (b) the company does not have a non-qualifying pool,
the amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains or (as the case may be) a sum equal to the total amount set off as mentioned in sub-paragraph (1).
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
### Reductions in respect of unrelieved group ring fence profits
##### 22
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If, after making any reductions that fall to be made in accordance with paragraph 21, the company does not have a non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (3) If, after making any reductions that fall to be made in accordance with paragraph 21, the company has an amount in a non-qualifying pool, the amount in that pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the amount in the non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (5) For the purposes of this paragraph references to the remaining amount in the ring fence pool are references to so much (if any) of the amount in the ring fence pool as remains after making any reductions that fall to be made in accordance with paragraph 21.
### The reference amount for a post-commencement period
##### 23
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains after making any reductions required by paragraph 21 or 22.
##### 3A
Any investment in a common deposit fund established under section 22A of the Charities Act 1960 or section 25 of the Charities Act 1993 or in any similar fund established for the exclusive benefit of charities by or under any enactment relating to any particular charities or class of charities.
##### 6A
Shares in an open-ended investment company.
##### 7A
Uncertificated eligible debt security units as defined in section 552(2) of ITTOIA 2005.
##### 7A
- (1) This paragraph applies if a calculation falls to be made under paragraph 7 above in a case where—
- (a) relief is to be given under section 454 of ITTOIA 2005 (listed deeply discounted securities held since 26th March 2003: relief for losses) in respect of a loss sustained on the disposal of securities, and
- (b) had there been a profit on the disposal it would have been eligible for relief from tax for the year of assessment in which the loss is sustained by virtue of section 592(2).
- (2) That relief is to be given before the calculation under paragraph 7 above is made.
- (3) Then the amount of income to which the specified percentage is applied by virtue of sub-paragraph (3)(a) of that paragraph is reduced by the amount of that relief.
- (4) In this paragraph “*disposal*” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005.
## SCHEDULE 23ZA
### Interpretation
##### 1
- (1) In this Schedule—
- “*the date of the change*” shall be construed in accordance with paragraph 3(2) below;
- “*eligible scheme*” shall be construed in accordance with paragraph 2(4) below;
- “*the personal pension provisions of this Act*” means this Schedule and the other provisions of Chapter IV of Part XIV;
- “*prescribed*” (except in paragraph 2(3)(c)) means specified in, or determined in accordance with, regulations;
- “*regulations*” means regulations made by the Board.
- (2) Any power conferred by this Schedule to make regulations includes power to make different provision for different cases or different purposes.
### Eligible schemes
##### 2
- (1) This Schedule applies to any retirement benefits scheme which is for the time being approved under Chapter I of Part XIV.
- (2) Sub-paragraph (1) above is subject to the following provisions of this paragraph.
- (3) This Schedule applies to a retirement benefits scheme only if—
- (a) it is an occupational pension scheme, as defined in section 1 of the Pension Schemes Act 1993 or section 1 of the Pensions Schemes (Northern Ireland) Act 1993;
- (b) it is a money-purchase scheme, as defined in section 181 of the Pension Schemes Act 1993 or section 176 of the Pensions Schemes (Northern Ireland) Act 1993;
- (c) any documents relating to the scheme which are prescribed under section 631(1) are such that, subject to approval under paragraph 3 below, the scheme is capable of being an approved personal pension scheme for the purposes of Chapter IV of Part XIV as from the date of the change; and
- (d) such other conditions as may be prescribed are satisfied in the case of the scheme.
- (4) Any retirement benefits scheme to which this Schedule applies is referred to in this Schedule as an “eligible scheme".
### Approval of eligible schemes as approved personal pension schemes
##### 3
- (1) The trustees of an eligible scheme may at any time on or after 1st October 2000 apply to the Board for approval of the scheme under this paragraph.
- (2) If an application under sub-paragraph (1) above is granted, the eligible scheme shall, as from such date as the Board may specify in granting the application (the “*date of the change*”),—
- (a) irrevocably cease to be approved, and to be capable of approval, under Chapter I of Part XIV; and
- (b) become an approved personal pension scheme (and subject accordingly to section 631(4) and the other provisions of Chapter IV of Part XIV).
- (3) The date of the change must not be earlier than 6th April 2001.
- (4) An application under sub-paragraph (1) above shall be in such form, shall contain such information, and shall be accompanied by such documents, in such form, and prepared as at such time, as the Board may prescribe.
- (5) The Board may at their discretion grant or refuse an application under sub-paragraph (1) above.
- (6) The Board’s discretion under sub-paragraph (5) above shall be subject to the restrictions set out in sections 632 to 638A and this Schedule.
- (7) The Board shall give notice to the applicant of the grant or refusal of an application.
- (8) A notice under sub-paragraph (7) above shall, in the case of a refusal, state the grounds for the refusal.
- (9) If, at any time after the making of an application under sub-paragraph (1) above, the eligible scheme concerned ceases to be approved under Chapter I of Part XIV otherwise than by virtue of the operation of sub-paragraph (2)(a) above, the scheme shall not, by virtue of that application, become an approved personal pension scheme.
### Excessive funding of certain individual members
##### 4
- (1) The Board may refuse or withhold approval under paragraph 3 above in the case of an eligible scheme of a prescribed description if or so long as they are not satisfied that prescribed requirements will be fulfilled with respect to—
- (a) the value of any prescribed benefits which may be provided for or in respect of an individual member of a prescribed description, and
- (b) the value of the assets held for the purpose of providing benefits for or in respect of that member,
if approval under paragraph 3 above is granted.
- (2) Regulations may make provision for or in connection with cases where the value mentioned in paragraph (b) of sub-paragraph (1) above exceeds, or exceeds by more than a prescribed percentage, the value mentioned in paragraph (a) of that sub-paragraph.
- (3) The provision that may be made by virtue of sub-paragraph (2) above includes provision for or in connection with eliminating or reducing any such excess within a prescribed period by one or more prescribed methods.
- (4) Regulations may make provision for the purposes of this paragraph for or in connection with—
- (a) the valuation of benefits; or
- (b) the valuation of assets.
- (5) The provision that may be made by virtue of sub-paragraph (4)(a) or (b) above includes provision with respect to, or in connection with,—
- (a) the person by whom any such valuation is to be made;
- (b) the method or principles of valuation to be used;
- (c) certification of any such valuations and of any prescribed matters relating to or connected with them;
- (d) any facts, matters or assumptions by reference to which any such valuation is to be made;
- (e) any tables to be used for the purpose of making any such valuation;
- (f) the basis on which any such tables are to be prepared;
- (g) the manner in which any such tables are to be applied.
- (6) The methods or principles of valuation and the tables that may be prescribed by virtue of sub-paragraph (5) above include methods or principles or, as the case may be, tables published by the Government Actuary for any purposes of the personal pension provisions of this Act.
### Directions as to contributions between valuation and date of change etc.
##### 5
- (1) The Board may give directions for or in connection with—
- (a) prohibiting the making of contributions during the post-valuation period, or
- (b) restricting the amount of the contributions that may be made during that period,
by or in respect of members of a converting scheme.
- (2) Directions under sub-paragraph (1) above—
- (a) may be given in respect of schemes generally, schemes of a particular description or any particular scheme or schemes; and
- (b) may make different provision in relation to different schemes or different members.
- (3) Any directions under sub-paragraph (1) above must be complied with by—
- (a) the trustees and managers, or administrators, of any scheme to which the directions relate;
- (b) any member of such a scheme to whom the directions relate; and
- (c) any person who is the employer of such a member.
- (4) If there is any contravention of, or failure to comply with, directions under sub-paragraph (1) above, the Board may—
- (a) refuse or withhold approval of the conversion application in question; or
- (b) revoke or vary any approval granted or any conditions pending the satisfaction of which approval is withheld.
- (5) Sub-paragraph (4) above is without prejudice to any other powers of the Board.
- (6) In this paragraph—
- “*conversion application*”, in the case of a converting scheme, means the application under paragraph 3(1) above in respect of the scheme;
- “*converting scheme*” means a scheme in respect of which an application under paragraph 3(1) above has been made and not withdrawn or finally refused;
- “*the post-valuation period*”, in the case of a converting scheme, means the period which—begins with the day as at which any valuation for the purposes of paragraph 4 above is made in connection with the conversion application; andends with the day preceding the date of the change (or, if earlier, the date on which the conversion application is withdrawn or finally refused).
- (7) For the purposes of this paragraph, an application is “*finally refused*” when it has been refused by the Board and—
- (a) the time for appealing under section 651 against the refusal has expired without such an appeal being made; or
- (b) an appeal under that section against the refusal has been withdrawn or finally disposed of in a way which affirms refusal of the application.
- (8) Any directions under this paragraph must be given in writing.
### Scheme rules to allow changes for purpose of conversion
##### 6
An approved retirement benefits scheme shall be taken to include provisions allowing the making of changes to any provisions of the scheme for the purpose of enabling the scheme to become an eligible scheme, notwithstanding anything to the contrary in any provision of the scheme.
## Schedule 23A
### Interpretation
##### 1
- (1) In this Schedule—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*dividend manufacturer*” has the meaning given by paragraph 2(1) below;
- “*dividend manufacturing regulations*” means regulations made by the Treasury under this Schedule;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*interest manufacturer*” has the meaning given by paragraph 3(1) below;
- “*manufactured dividend*”, “*manufactured interest*” and “*manufactured overseas dividend*” shall be construed respectively in accordance with paragraphs 2, 3 and 4 below, as shall references to the gross amount thereof;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of any overseas securities;
- “*overseas dividend manufacturer*” has the meaning given by paragraph 4(1) below;
- “*overseas securities*” means—shares, stock or other securities issued by a government or public or local authority of a territory outside the United Kingdom or by any other body of persons not resident in the United Kingdom;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas tax*” means tax under the law of a territory outside the United Kingdom;
- “*overseas tax credit*” means any such credit under the law of a territory outside the United Kingdom in respect of overseas tax as corresponds to a tax credit;
- “*prescribed*” means prescribed in dividend manufacturing regulations;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*securities*” includes any loan stock or similar security;
- “*transfer*” includes any sale or other disposal;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*United Kingdom equities*” means shares of any company resident in the United Kingdom;
- “*United Kingdom securities*” means securities of the government of the United Kingdom, of any public or local authority in the United Kingdom or of any company or other body resident in the United Kingdom, but does not include . . . United Kingdom equities.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends on UK equities: general
##### 2
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of United Kingdom equities, one of the parties (a “*dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount (a “*manufactured dividend*”) which is representative of a dividend on the equities.
- (2) Where a manufactured dividend is paid by a dividend manufacturer who is a company resident in the United Kingdom, the Tax Acts shall have effect—
- (a) in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the UK equities in question; and
- (b) in relation to the dividend manufacturer, as if the amount paid were a dividend of his.
- (3) Where a manufactured dividend to which sub-paragraph (2) above does not apply is paid by any person—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the Tax Acts shall have effect in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the United Kingdom equities in question; and
- (c) the Tax Acts shall have effect in relation to the dividend manufacturer subject to the provisions of paragraph 2A below.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . Where—
- (a) a dividend manufacturer pays a manufactured dividend to which sub-paragraph (3) above applies, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the dividend manufacturer shall, on paying the manufactured dividend, provide the recipient with a statement in writing setting out the matters specified in sub-paragraph (7) below.
- (7) Those matters are—
- (a) the amount of the manufactured dividend;
- (b) the date of the payment of the manufactured dividend; and
- (c) the amount of the tax credit to which, by virtue of sub-paragraph (3)(b) above, the recipient or a person claiming title through or under him either—
- (i) is entitled in respect of the manufactured dividend, or
- (ii) would be so entitled were all the conditions of a right to a tax credit satisfied, in the case of the recipient or that person, as respects the dividend which the recipient is deemed to receive.
- (8) The duty imposed by sub-paragraph (6) above shall be enforceable at the suit or instance of the recipient.
### Manufactured interest on United Kingdom securities
##### 3
- (1) This paragraph applies (subject to paragraph 3A below) in any case where, under a contract or other arrangements for the transfer of United Kingdom securities, one of the parties (an “interest manufacturer”) is required to pay to the other (“*the recipient*”) an amount (“*the manufactured interest*”) which is representative of a periodical payment of interest on the securities.
- (2) For the relevant purposes of the Tax Acts, in their application in relation to the interest manufacturer—
- (a) the manufactured interest shall be treated, except in determining whether it is deductible, as if it—
- (i) were an annual payment to the recipient, but
- (ii) were neither yearly interest nor an amount payable wholly out of profits or gains brought into charge for income tax;
- (b) the gross amount of that deemed annual payment shall be taken—
- (i) to be equal to the gross amount of the interest of which the manufactured interest is representative; and
- (ii) to constitute income of the recipient falling within section 1A;
and
- (c) an amount equal to so much of the gross amount of the manufactured interest as is not otherwise deductible shall be allowable as a deduction against the total income or, as the case may be, total profits of the interest manufacturer , but only to the extent that—
- (i) it would be so allowable if it were interest, or
- (ii) so far as not falling within sub-paragraph (i) above, it falls within sub-paragraph (2A) below.
- (2A) An amount of manufactured interest falls within this sub-paragraph if and to the extent that the interest manufacturer—
- (a) receives the periodical payment of interest on the securities which is represented by the manufactured interest, or receives a payment which is representative of that periodical payment of interest, and is chargeable to income tax (and see section 714(5) for the amount so chargeable in a case where section 714(4) applies) on the periodical payment or representative payment so received;
- (b) is, by virtue of section 714(2), chargeable to income tax on income in respect of transfers of securities which are subject to the arrangement giving rise to the payment of manufactured interest; or
- (c) is treated under section 730A (repos) as receiving a payment of interest in respect of the securities and is chargeable to income tax on that payment.
- (2B) Where an amount is allowable under sub-paragraph (2)(c) above by reference to the whole or any part of—
- (a) a periodical payment of interest, or a payment representative of such a payment, falling within paragraph (a) of sub-paragraph (2A) above,
- (b) a sum falling within paragraph (b) of that sub-paragraph, or
- (c) a payment of interest which a person is treated as receiving, as mentioned in paragraph (c) of that sub-paragraph,
(the “*utilised portion*” of the interest, sum or other payment) no other amount shall be allowable under sub-paragraph (2)(c) above by reference to all or any of the utilised portion of the interest, sum or other payment.
- (3) For the relevant purposes of the Tax Acts, in their application in relation to the recipient and any persons claiming title through or under him—
- (a) the manufactured interest shall be treated as if it were a periodical payment of interest on the securities in question; and
- (b) the gross amount of that deemed periodical payment of interest shall be taken to be equal to the gross amount of the interest of which the manufactured interest is representative.
- (4) Sub-paragraph (2) above shall not require any deduction of tax to be made by the interest manufacturer if—
- (a) the interest manufacturer is not resident in the United Kingdom, and
- (b) the manufactured interest is paid otherwise than in the course of a trade carried on by the interest manufacturer in the United Kingdom through a branch or agency.
- (5) Where, in a case falling within sub-paragraph (4)(a) and (b) above, the recipient—
- (a) is resident in the United Kingdom, or
- (b) (without being so resident) receives the manufactured interest for the purposes of a trade carried on by him in the United Kingdom through a branch or agency,
the recipient shall be liable to account for income tax in respect of the manufactured interest.
- (6) The amount of the income tax for which the recipient is liable to account under sub-paragraph (5) above is the amount equal to the income tax which the interest manufacturer, had he been resident in the United Kingdom, would have been required, in respect of the manufactured interest, to account for and pay by virtue of sub-paragraph (2) above.
- (7) For the purposes of sub-paragraph (2) above, if the interest manufacturer is a company which—
- (a) is not resident in the United Kingdom, but
- (b) carries on a trade in the United Kingdom through a branch or agency,
Schedule 16 shall have effect in relation to the manufactured interest as it has effect in the case of a company which is resident in the United Kingdom but as if, in paragraph 7, the words “section 11(3)” were substituted for the words “section 7(2)”.
- (8) Where sub-paragraph (2) above has effect in the case of any manufactured interest so as to require any amount to be deducted by way of tax from the gross amount of the manufactured interest, the interest manufacturer shall, on paying the manufactured interest, provide the recipient with a statement in writing setting out—
- (a) the gross amount of the manufactured interest;
- (b) the amount deducted by way of tax by the interest manufacturer;
- (c) the amount actually paid by the interest manufacturer; and
- (d) the date of the payment by the interest manufacturer.
- (9) The duty imposed by sub-paragraph (8) above shall be enforceable at the suit or instance of the recipient.
- (10) The references in this paragraph to an amount being deductible are references to its being either—
- (a) deductible in computing the amount of any of the interest manufacturer’s profits or gains for the purposes of income tax or corporation tax; or
- (b) deductible for those purposes from the total income or, as the case may be, total profits of the interest manufacturer.
- (11) For the purposes of this paragraph “*the relevant purposes of the Tax Acts*” means all the purposes of those Acts except the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships).
- (12) Without prejudice to the generality of section 80(5) of the Finance Act 1996 (matters to be brought into account only under that Chapter), this paragraph does not have effect for determining how any manufactured interest falls to be treated for any purpose in relation to a company in relation to which that interest falls to be treated in accordance with section 97 of that Act.
- (13) For the purposes of this paragraph references to the gross amount of any interest or payment are references to the amount of the interest or payment before the making of any deduction of income tax that is required to be deducted from it on its being paid or made.
##### 3A
- (1) Where any manufactured interest is representative of interest on securities to which this paragraph applies—
- (a) paragraph 3(2) above shall not require any deduction of tax to be made on the payment of that manufactured interest; and
- (b) without prejudice to any other liability of his to income tax in respect of the manufactured interest, the recipient shall not by virtue of paragraph 3(5) above be liable to account for any income tax in respect of that manufactured interest.
- (2) This paragraph applies to—
- (a) gilt-edged securities (within the meaning of section 50); and
- (b) securities not falling within paragraph (a) above on which the interest is payable without deduction of tax.
### Deductibility of manufactured payment in the case of the manufacturer
##### 2A
- (1) Where, in the case of a manufactured dividend, the dividend manufacturer is resident in the United Kingdom but is not a company, an amount (“*the relevant amount*”) equal to the lesser of—
- (a) the amount of the manufactured dividend paid (so far as it is not otherwise deductible), and
- (b) the amount of the dividend of which the manufactured dividend is representative,
shall be allowable as a deduction for the purposes of income tax only under sub-paragraph (1ZA) or (1A) below.
- (1ZA) The relevant amount shall be allowable under this sub-paragraph as a deduction for the purposes of income tax to the extent that the dividend manufacturer—
- (a) receives the dividend on the equities which is represented by the manufactured dividend or receives a payment which is representative of that dividend, and
- (b) is chargeable to income tax on the dividend or other payment so received;
and that deduction shall be made against the amount of the dividend or other payment so received on which the dividend manufacturer is chargeable to income tax.
- (1ZB) Sub-paragraph (1ZA) above shall apply only if the amount of the dividend or other payment so received is received by the dividend manufacturer in—
- (a) the year of assessment in which he pays the manufactured dividend, or
- (b) the year of assessment immediately before, or immediately after, that year.
- (1A) The relevant amount shall be allowable under this sub-paragraph as a deduction for the purposes of income tax against the total income of the dividend manufacturer to the extent that—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the dividend manufacturer is treated under section 730A (repos) as receiving a payment of interest in respect of the equities and is chargeable to income tax on that payment; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1B) Where an amount is allowable under sub-paragraph (1ZA) or (1A) above by reference to the whole or any part of—
- (a) a dividend or other payment falling within sub-paragraph (1ZA) above , or
- (b) a payment of interest which a person is treated as receiving, as mentioned in sub-paragraph (1A) above, . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(the “*utilised portion*” of the dividend or other payment) no other amount shall be allowable under sub-paragraph (1ZA) or (1A) above by reference to all or any of the utilised portion of the dividend or other payment.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The references in this paragraph to an amount being deductible are references to its being either—
- (a) deductible in computing the amount of any of the dividend manufacturer’s profits or gains for the purposes of income tax . . . ; or
- (b) deductible for those purposes from the total income . . . of the dividend manufacturer.
### Manufactured dividends representative of foreign income dividends
##### 2B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured overseas dividends
##### 4
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of overseas securities, one of the parties (the “*overseas dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount representative of an overseas dividend on the overseas securities; and in this Schedule the “*manufactured overseas dividend*” means any payment which the overseas dividend manufacturer makes in discharge of that requirement.
- (1A) Where a manufactured overseas dividend is paid as set out in sub-paragraph (1) above it shall be treated—
- (a) as an expense of the trade where a company carries on a trade to which that payment relates;
- (b) where a company has investment business to which the payment relates, for the purposes of section 75 as expenses of management;
- (c) in the case of a company carrying on life assurance business—
- (i) so far as the payment is referable to basic life assurance and general annuity business, for the purposes of section 76 as if it were an expense payable falling to be brought into account at Step 3 of subsection (7) of that section, and
- (ii) the payment is to be treated as referable to basic life assurance and general annuity business to the extent that the overseas dividend of which it is representative is or would, if it were received by the company, be so referable by virtue of section 432A.
- (2) Subject to sub-paragraph (3) below, where this paragraph applies the gross amount of the manufactured overseas dividend shall be treated , except in determining whether it is deductible, for all purposes of the Tax Acts as an annual payment, within section 349, but—
- (a) the amount which is to be deducted from that gross amount on account of income tax shall be an amount equal to the relevant withholding tax on that gross amount; and
- (b) in the application of section 350(4) in relation to manufactured overseas dividends the reference to Schedule 16 shall be taken as reference to dividend manufacturing regulations;
and paragraph (a) above is without prejudice to any further amount required to be deducted under dividend manufacturing regulations by virtue of sub-paragraph (8) below.
- (2A) Sub-paragraph (10) of paragraph 3 applies for the construction of the reference in sub-paragraph (2) above to an amount being deductible as it applies to references in that paragraph.
- (3) If, in a case where this paragraph applies, the overseas dividend manufacturer is not resident in the United Kingdom and the manufactured overseas dividend is paid by him otherwise than in the course of a trade which he carries on through a branch or agency in the United Kingdom, sub-paragraph (2) above shall not apply; but if the manufactured overseas dividend is received by a United Kingdom recipient, that recipient shall account for and pay an amount of tax in respect of the manufactured overseas dividend equal to that which the overseas dividend manufacturer would have been required to account for and pay had he been resident in the United Kingdom; and any reference in this Schedule to an amount deducted under sub-paragraph (2) above includes a reference to an amount of tax accounted for and paid under this sub-paragraph.
- (3A) For the purposes of sub-paragraph (3) above a person who receives a manufactured overseas dividend is a United Kingdom recipient if—
- (a) he is resident in the United Kingdom; or
- (b) he is not so resident but receives that dividend for the purposes of a trade carried on through a branch or agency in the United Kingdom.
- (3B) Dividend manufacturing regulations may make provision, in relation to cases falling within sub-paragraph (3) above, for the amount of tax required under that sub-paragraph to be taken to be reduced, to such extent and for such purposes as may be determined under the regulations, by reference to amounts of overseas tax charged on, or in respect of—
- (a) the making of the manufactured overseas dividend; or
- (b) the overseas dividend of which the manufactured overseas dividend is representative.
- (4) Where a manufactured overseas dividend is paid after deduction of the amount required by sub-paragraph (2) above, or where the amount of tax required under sub-paragraph (3) above in respect of such a dividend has been accounted for and paid, then for all purposes of the Tax Acts as they apply in relation to persons resident in the United Kingdom or to persons not so resident but carrying on business through a branch or agency in the United Kingdom—
- (a) the manufactured overseas dividend shall be treated in relation to the recipient, and all persons claiming title through or under him, as if it were an overseas dividend of an amount equal to the gross amount of the manufactured overseas dividend, but paid after the withholding therefrom, on account of overseas tax, of the amount deducted under sub-paragraph (2) above; and
- (b) the amount so deducted shall accordingly be treated in relation to the recipient, and all persons claiming title through or under him, as an amount so withheld instead of as an amount on account of income tax.
- (5) For the purposes of this paragraph—
- (a) “*relevant withholding tax*”, in relation to the gross amount of a manufactured overseas dividend, means an amount of tax representative of—
- (i) the amount (if any) that would have been deducted by way of overseas tax from an overseas dividend on the overseas securities of the same gross amount as the manufactured overseas dividend; and
- (ii) the amount of the overseas tax credit (if any) in respect of such an overseas dividend;
- (b) the gross amount of a manufactured overseas dividend is an amount equal to the gross amount of that overseas dividend of which the manufactured overseas dividend is representative, as mentioned in sub-paragraph (1) above; and
- (c) the gross amount of an overseas dividend is an amount equal to the aggregate of—
- (i) so much of the overseas dividend as remains after the deduction of the overseas tax (if any) chargeable on it;
- (ii) the amount of the overseas tax (if any) so deducted; and
- (iii) the amount of the overseas tax credit (if any) in respect of the overseas dividend.
- (6) Dividend manufacturing regulations may make provision with respect to the rates of relevant withholding tax which are to apply in relation to manufactured overseas dividends in relation to different overseas territories, but in prescribing those rates the Treasury shall have regard to—
- (a) the rates at which overseas tax would have fallen to be deducted, and
- (b) the rates of overseas tax credits,
in overseas territories, or in the particular overseas territory, in respect of payments of overseas dividends on overseas securities.
- (7) Dividend manufacturing regulations may make provision for a person who, in any chargeable period, is an overseas dividend manufacturer to be entitled in prescribed circumstances to set off in accordance with the regulations and to the prescribed extent, amounts falling within paragraph (a) of sub-paragraph (7AA) below against the sums falling within paragraph (b) of that sub-paragraph, and to accountto the Board for, or as the case may be, claim credit in respect of, the balance.
- (7AA) Those amounts and sums are—
- (a) amounts of overseas tax in respect of overseas dividends received by him in that chargeable period, amounts of overseas tax charged on, or in respect of, the making of manufactured overseas dividends so received by him and amounts deducted under sub-paragraph (2) above from any such manufactured overseas dividends; and
- (b) the sums due from him on account of the amounts deducted by him under sub-paragraph (2) above from the manufactured overseas dividends paid by him in that chargeable period.
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) Without prejudice to section 97 of the Finance Act 1996 (manufactured interest), the references in this paragraph to all the purposes of the Tax Acts do not include the purposes of Chapter II of Part IV of that Act (loan relationships).
##### 4A
- (1) A reference in paragraph 4(4)(a) or (b) to the relevant amount in relation to an amount deducted under section 922(2) of ITA 2007 is—
- (a) where the deduction is made in respect of a manufactured overseas dividend that is treated as paid under paragraph 13(1) of Schedule 13 to FA 2007 (sale and repurchase of securities), to amount A, and
- (b) otherwise, to the amount deducted under section 922(2) of ITA 2007.
- (2) Amount A is—
- (a) in a case to which sub-paragraph (3) applies, the amount deducted under section 922(2) of ITA 2007,
- (b) in a case to which sub-paragraph (4) applies—
- (i) the amount deducted under section 922(2) of ITA 2007, less
- (ii) the excess mentioned in that sub-paragraph, and
- (c) in any other case, nil.
- (3) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid equals the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (4) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid exceeds the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (5) In this paragraph “the repurchase price” of the securities means the price at which the payer of the manufactured overseas dividend is entitled or obliged to sell the securities, or similar securities, to the recipient of the manufactured overseas dividend.
- (6) In this paragraph “*the securities*” means the securities in respect of which the overseas dividend of which the manufactured overseas dividend is representative is paid.
- (7) In this paragraph “*the relevant net amount*” means—
- (a) the gross amount of the overseas dividend of which the manufactured overseas dividend is representative, less
- (b) the amount deducted under section 922(2) of ITA 2007.
### Dividends and interest passing through the market
##### 5
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### Unapproved manufactured payments
##### 6
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### Irregular manufactured payments
##### 7
- (1) . . . In any case where (apart from this paragraph)—
- (a) an amount paid by way of manufactured dividend would exceed the amount of the dividend of which it is representative, or
- (b) the aggregate of—
- (i) an amount paid by way of manufactured interest or manufactured overseas dividend, and
- (ii) the tax required to be accounted for in connection with the making of that payment,
would exceed the gross amount (as determined in accordance with paragraph 3 or 4 above) of the interest or overseas dividend of which it is representative, as the case may be,
the payment shall, to the extent of an amount equal to the excess, not be regarded for the purposes of this Schedule as made in discharge of the requirement referred to in paragraph 2(1), 3(1) or 4(1) above, as the case may be, but shall instead to that extent be taken for all purposes of the Tax Acts to constitute a separate fee for entering into the contract or other arrangements under which it was made, notwithstanding anything in paragraphs 2 or 3 above or anything in paragraph 4 other than in sub-paragraph (1A).
- (1A) Sub-paragraph (1) above does not apply in the case of the amount of any manufactured interest or manufactured overseas dividend which falls in accordance with section 97 of the Finance Act 1996 to be treated for the purposes of Chapter II of Part IV of that Act as interest under a loan relationship.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purpose of giving relief under any provision of the Tax Acts in a case falling within paragraph 3(1) or 4(1) above where (apart from this paragraph) the aggregate referred to in sub-paragraph (1)(b) above would be less than the gross amount there mentioned—
- (a) the gross amount of the manufactured interest or manufactured overseas dividend shall be taken to be an amount equal to the aggregate referred to in sub-paragraph (1)(b) above, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
notwithstanding anything in paragraph 3 or 4 above.
- (4) In this paragraph “*relief*” means relief by way of—
- (a) deduction in computing profits or gains; or
- (b) deduction or set off against income or total profits.
### Manufactured payments under arrangements having an unallowable purpose
##### 7A
- (1) This paragraph applies in any case where—
- (a) a manufactured payment falls to be made by a company in an accounting period in pursuance of any arrangements (see sub-paragraphs (9) and (10) for definitions), and
- (b) the arrangements have an unallowable purpose at any time (see sub-paragraphs (3) to (5)).
But this is subject to sub-paragraph (8) below (cases where tax relief is denied apart from this paragraph).
- (2) The company is not entitled, by virtue of anything in this Schedule or any provision of regulations under it, or otherwise, to any relevant tax relief (see sub-paragraph (10)), to the extent that the relief is in respect of, or referable to, the whole or any part of so much of the manufactured payment as, on a just and reasonable apportionment, is attributable to the unallowable purpose.
- (3) Arrangements have an unallowable purpose at any time if at that time the purposes for which the company is a party to—
- (a) the arrangements,
- (b) any related transaction (see sub-paragraphs (6) and (7)), or
- (c) any transaction in pursuance of the arrangements,
include a purpose (“the unallowable purpose”) which is not among the business or other commercial purposes of the company.
- (4) The business and other commercial purposes of a company do not include the purposes of any part of its activities in respect of which it is not within the charge to corporation tax.
- (5) Where one of the purposes for which a company is at any time a party to—
- (a) any arrangements,
- (b) any related transaction in the case of any arrangements, or
- (c) any transaction in pursuance of any arrangements,
is a tax avoidance purpose, that purpose shall be taken to be a business or other commercial purpose of the company only where it is not the main purpose, or one of the main purposes, for which the company is party to the arrangements or transaction at that time.
- (6) One or more transactions are to be regarded as related transactions, in the case of any arrangements, if it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into or effected,
that none of the transactions would have been entered into or effected independently of the arrangements.
- (7) Transactions are not prevented from being related transactions, in the case of any arrangements, just because the transactions—
- (a) are not between the same parties, or
- (b) are not between the parties to the arrangements.
- (8) This paragraph does not apply if, as a result of any of the following provisions—
- (a) section 75(4)(b) (expenses of management of companies with investment business: unallowable purposes),
- (b) section 76(4)(d) (expenses of insurance companies: unallowable purposes),
- (c) paragraph 13 of Schedule 9 to the Finance Act 1996 (loan relationships with unallowable purposes),
the company in question is not entitled to a relevant tax relief in respect of, or referable to, the whole or any part of the manufactured payment.
The references to sections 75 and 76 are references to those provisions as they have effect in relation to accounting periods beginning on or after 1st April 2004.
- (9) Any reference in this paragraph to a manufactured payment falling to be made by a company includes a reference to a manufactured payment which is deemed by or under any provision of the Tax Acts to be made by a company (and references to a transaction, or to a company being party to a transaction, are to be construed accordingly).
- (10) In this paragraph—
- “*arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable, and shall be taken to include any related transactions;
- “*manufactured payment*” means any of the following—any manufactured dividend;any manufactured interest;any manufactured overseas dividend;
- “*related transaction*” shall be construed in accordance with sub-paragraphs (6) and (7) above;
- “*relevant tax relief*” means any of the following—any deduction in computing profits or gains for the purposes of corporation tax;any deduction against total profits;the bringing into account of any debit for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships);the surrender of an amount by way of group relief;
- “*tax advantage*” has the same meaning as in Chapter 1 of Part 17 (tax avoidance);
- “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the company in question or any other person);
- and sub-paragraphs (3) to (7) above have effect for the purposes of this paragraph.
### Dividend manufacturing regulations: general
##### 8
- (1) Dividend manufacturing regulations may make provision for—
- (a) such manufactured dividends, manufactured interest or manufactured overseas dividends as may be prescribed,
- (aa) such persons who receive, or become entitled to receive, manufactured dividends, manufactured interest or manufactured overseas dividends as may be prescribed, or
- (b) such dividend manufacturers, interest manufacturers or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 to 4 above for the purposes of such provisions of the Tax Acts as may be prescribed.
- (1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
- (a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
- (b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Tax Acts or the 1992 Act, to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
- (2) Dividend manufacturing regulations may make provision with respect to—
- (a) the accounts and other records which are to be kept,
- (b) the vouchers which are to be issued or produced,
- (c) the returns which are to be made,
- (d) the manner in which amounts required to be deducted or accounted for under or by virtue of this Schedule on account of tax are to be accounted for and paid,
by persons by or to whom manufactured dividends, manufactured interest or manufactured overseas dividends are paid.
- (2A) Dividend manufacturing regulations with respect to any liability to account for tax may contain any of the following, that is to say—
- (a) provision for computing the amounts to be accounted for;
- (b) provision, in relation to the determination of the amount to be paid on any occasion, for setting other amounts against the amounts to be accounted for;
- (c) provision as to the liabilities against which amounts accounted for are to be, or are not to be, set for the purposes of income tax or corporation tax;
- (d) provision modifying, or applying (with or without modifications), any enactments contained in the Tax Acts.
- (3) Dividend manufacturing regulations may—
- (a) make provision for prescribed provisions of the Management Act to apply in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
- (b) make such further provision with respect to the administration, assessment, collection and recovery of amounts required to be deducted or accounted for under or by virtue of this Schedule on account of tax as the Treasury think fit.
- (4) Dividend manufacturing regulations may make different provision for different cases.
##### 4A
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##### 11A
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### Exchange gains and losses
##### 13
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##### 14
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##### 15
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##### 16
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##### 17
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##### 18
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##### 19
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### Transfer pricing
##### 20
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##### 2A
- (1) Paragraph 2 above shall have effect in accordance with this paragraph to determine whether a controlled foreign company . . . pursues an acceptable distribution policy in respect of a particular accounting period (“*the relevant accounting period*”).
- (2) Subject to sub-paragraph (4) below, where the distribution condition is satisfied in relation to the relevant accounting period, then, in addition to any dividend which falls within paragraph 2(1)(a) above apart from this paragraph—
- (a) any dividend which is paid for the accounting period (“*the preceding period*”) immediately preceding the relevant accounting period and which is not an excluded dividend shall be treated as falling within that paragraph, and
- (b) if the distribution condition is satisfied in relation to the preceding period, any dividend which is paid for the accounting period immediately preceding the preceding period and which is not an excluded dividend shall be treated as falling within that paragraph,
and so on; and in this sub-paragraph “*dividend*” means a dividend not paid out of specified profits.
- (3) For the purposes of this paragraph, the distribution condition is satisfied in relation to any accounting period if—
- (a) a dividend or dividends are paid for the period to persons resident in the United Kingdom,
- (b) the amount or, as the case may be, aggregate amount of any dividends falling within paragraph (a) above is not less than—
- (i) the relevant profits for that period, or
- (ii) where paragraph 2(4) or (5) above applies (with the modifications of paragraph 2 made by sub-paragraph (5) below), the appropriate portion of those profits, and
- (c) any dividends falling within that paragraph are paid not later than the time by which any dividend paid for the relevant accounting period is required by paragraph 2(1)(b) above to be paid;
or if there are no relevant profits for the period.
- (4) Where, by reason only of the fact that a company pursued an acceptable distribution policy in respect of any accounting period (“*the earlier period*”) earlier than the relevant accounting period, no apportionment under section 747(3) fell to be made in respect of the earlier period, sub-paragraph (2) above shall apply to any dividend required to be taken into account for the purpose of showing that the company pursued an acceptable distribution policy in respect of the earlier period only to the extent (if any) to which that dividend was not required to be taken into account for that purpose.
- (5) The modifications of paragraph 2 above referred to in sub-paragraph (3)(b) above are that—
- (a) the references in sub-paragraphs (4) and (5) to the accounting period in question are to be read as references to the accounting period for which the dividend or dividends are paid,
- (b) the references in those sub-paragraphs to sub-paragraph (1)(d) are to be read as references to sub-paragraph (3)(b) above, and
- (c) the reference in the definition of “X” in sub-paragraph (6) to net chargeable profits is to be read as a reference to relevant profits.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the purposes of this paragraph—
- (aa) a dividend is an excluded dividend if it is paid, in whole or in part, out of the total profits from which (in accordance with section 747(6)(a)) the chargeable profits for an excluded period are derived,
- (a) a period is an excluded period if it is an accounting period in respect of which an apportionment under section 747(3) falls to be made, and
- (b) relevant profits for any accounting period are the profits which would be the relevant profits of that period for the purposes of section 799 if a dividend were actually paid for that period.
##### 2B
- (1) This paragraph has effect for the purposes of paragraph 2(1A)(b) above.
- (2) No payment of dividend by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 4A
- (1) This paragraph has effect for the purposes of paragraph 4(1A)(b) above.
- (2) No payment to a company resident in the United Kingdom which represents the whole or part of a dividend paid by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that—
- (a) there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period, and
- (b) so much of the dividend as is represented by that payment will (if paragraph 4(1) above has effect) fall to be brought into account in determining whether the controlled foreign company has done so.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 11A
- (1) This paragraph has effect for the interpretation of paragraph 6(2B) above.
- (2) “*Contract of long-term insurance*” means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
- (3) “*Protection business*” means contracts of long-term insurance where—
- (a) either—
- (i) the contract has no surrender value; or
- (ii) the consideration consists of a single premium and the surrender value does not exceed the amount of that premium; and
- (b) the contract makes no provision for its conversion or extension in a manner which would result in its ceasing to fall within paragraph (a) above;
and references to protection business include a reference to reinsurance of protection business.
- (4) “*Insurance group*” shall be construed in accordance with section 255A(5) of the Companies Act 1985 (meaning of “insurance group” in Part 7) but reading Part 7 of that Act—
- (a) as if it extended to Northern Ireland, and
- (b) as if any reference to a company (within the meaning of that Act) included a reference to a company as defined in Article 3 of the Companies (Northern Ireland) Order 1986,
but does not include such an insurance group if it falls within sub-paragraph (5) below.
- (5) Such an insurance group falls within this sub-paragraph if (within the meaning of that Part as so read) the parent company is a subsidiary undertaking of a parent company which is neither—
- (a) the parent company of an insurance group; nor
- (b) a subsidiary undertaking of the parent company of an insurance group.
- (6) A controlled foreign company is, in accordance with sub-paragraphs (4) and (5) above, a “*member of an insurance group*” if (within the meaning of that Part as so read) it is the parent company, or a subsidiary undertaking of the parent company, of an insurance group which is by virtue of sub-paragraph (4) above an insurance group for the purposes of paragraph 6(2B) above.
- (7) A company’s main business is “*insuring or reinsuring large risks*” if (and only if)—
- (a) the company’s main business is the effecting or carrying out of contracts of insurance; and
- (b) 50% or more of its gross trading receipts from that business are derived from insuring or reinsuring large risks.
- “*Large risks*” is defined in paragraph 11B below.
- (8) In this paragraph—
- “*contract of insurance*” has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*contract of long-term insurance*” has the meaning given by sub-paragraph (2) above.
##### 11B
- (1) In paragraph 11A above “*large risks*” means—
- (a) risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- (b) risks falling within classes 14 and 15 of that Part which relate to a business carried on by the policy holder;
- (c) risks falling within classes 3, 8, 9, 10, 13 and 16 of that Part where the policy holder carries on a business in respect of which the condition specified in sub-paragraph (2) below is satisfied.
- (2) The condition referred to in sub-paragraph (1)(c) above is that, in the case of that business of the policy holder, at least two of the three following criteria were exceeded in the most recent financial year beginning on or after 1st January 1999 for which the information is available—
- (a) balance sheet total: 6.2 million euros;
- (b) net turnover: 12.8 million euros;
- (c) number of employees: 250.
- (3) For the purposes of sub-paragraph (2) above as it applies where the policy holder is a company, within the meaning of section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986,—
- (a) “*balance sheet total*” has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- (b) “*net turnover*” has the meaning given to “*turnover*” by section 262(1) of that Act or Article 270(1) of that Order; and
- (c) “*number of employees*” has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
and for a financial year which is a company’s financial year but not in fact a year, the net turnover of the company shall be proportionately reduced.
- (4) Where the policy holder is a member of a group for which consolidated accounts (within the meaning of Directive [83/349/EEC](https://www.legislation.gov.uk/european/directive/1983/0349)) are drawn up, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to those accounts.
- (5) For the purposes of sub-paragraph (1)(c) above as it applies where the policy holder is a professional association, joint venture or temporary grouping, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to the aggregate of the figures of the description in question for all the members of the professional association, joint venture or temporary grouping.
- (6) In sub-paragraphs (1) to (5) above “*business*” includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping.
- (7) For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate.
- (8) In this paragraph—
- “*euro*” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- “*financial year*”, in relation to any person, means the period (not exceeding 12 months) for which that person makes up accounts.
##### 12A
- (1) In paragraphs 6, 8(3) and 12(5) above and this paragraph, “*superior holding company*” means—
- (a) a company whose business consists wholly or mainly in the holding of shares or securities of companies which—
- (i) are holding companies or local holding companies; or
- (ii) are themselves superior holding companies; or
- (b) a company which would fall within paragraph (a) above if there were disregarded so much of its business as consists in the holding of property or rights of any description for use wholly or mainly by companies which it controls and which are resident in the territory in which it is resident.
- (2) For the purposes of sub-paragraphs (4A) and (4B) of paragraph 6 above, the income of a company during any period which “*represents qualifying exempt activity income of its subsidiaries*” is any income of the company during that period which is directly or indirectly derived from companies—
- (a) which it controls, and
- (b) which, throughout that period, fall within sub-paragraph (4B)(a) of that paragraph, but
- (c) which are not holding companies other than local holding companies.
- (3) In determining for the purposes of sub-paragraph (4A) or (4B) of paragraph 6 above the companies from which, and the proportions in which, different descriptions of income of a company are derived (whether directly or indirectly), any dividend shall be taken to be paid out of the appropriate profits.
- (4) Subsections (3) and (4) of section 799 (which provide rules for determining the profits out of which a dividend is to be regarded as paid for the purpose of subsection (1) of that section) shall apply for determining the appropriate profits for the purposes of subsection (3) above as they apply for determining the relevant profits for the purposes of subsection (1) of that section.
- (5) Sub-paragraphs (4) to (6) of paragraph 12 above shall apply in relation to sub-paragraph (4A) or (4B) of paragraph 6 above and a superior holding company as they apply in relation to sub-paragraph (3) or (4) of paragraph 6 above and a holding company, but taking the reference in sub-paragraph (4) of paragraph 12 above to paragraph (a) or (b) of sub-paragraph (1) of that paragraph as a reference to paragraph (a) or (b) of sub-paragraph (1) above.
## Part 2A — Trading Companies with Limited UK Connection
### Introductory
##### 12B
- (1) For the purposes of section 748(1)(ba), a controlled foreign company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12C),
- (b) business activities (see paragraph 12D),
- (c) UK connection (see paragraph 12E), and
- (d) finance income and relevant IP income (see paragraph 12F).
### Business establishment
##### 12C
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Business activities
##### 12D
- (1) The requirement of this paragraph is that—
- (a) C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities, or
- (b) if C is wholly engaged in business falling within paragraph 11(1)(c) (banking etc), C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities which do not constitute investment business.
- (2) For this purpose—
- “*non-exempt activities*” means—the holding or managing of shares or securities,the holding of intellectual property,dealing in securities, other than in the capacity of a broker,the leasing of any description of property or rights,the investment in any manner of funds which would otherwise be available, directly or indirectly, for investment by or on behalf of any person (whether resident in the United Kingdom or not) who has, or is connected or associated with a person who has, control, either alone or together with other persons, of C, andif C is not a member of an insurance group throughout the accounting period, the effecting or carrying out of contracts of insurance between C and persons related to C;
- “*investment business*” means activities within paragraphs (a) to (d) of paragraph 9(1).
- (3) For the purposes of sub-paragraph (2)(f), a person is “related” to C if—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period in question (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in that accounting period by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (4) In sub-paragraph (2)—
- “*broker*” includes any person offering to sell securities to, or purchase securities from, members of the public generally;
- “*contract of insurance*” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*insurance group*” has the meaning given by paragraph 11A(4);
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*member of an insurance group*” has the meaning given by paragraph 11A(6).
### UK connection
##### 12E
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if Condition A or B is met.
- (3) Condition A is that—
- (a) the UK-connected gross income of C's business for that period exceeds 10% of the gross income of that business for that period, and
- (b) sub-paragraph (4) does not apply.
- (4) This sub-paragraph applies if—
- (a) at all times in the accounting period there are sufficient individuals working for C in the territory in which it is resident, or in any other territory outside of the United Kingdom, who have the competence and authority to undertake all, or substantially all, of C's business,
- (b) C's relevant profits for the accounting period do not exceed 10% of C's relevant operating expenses for that period, and
- (c) the UK-connected gross income of C's business for that period does not exceed 50% of the gross income of that business for that period.
- (5) Condition B is that—
- (a) the UK-connected related-party business expenditure of C's business for that period exceeds 50% of the total related-party business expenditure of C's business for that period, and
- (b) during the accounting period C has been involved in a scheme where the main purpose, or one of the main purposes, of any party to the scheme in entering into the scheme is to achieve a reduction in corporation tax or any tax chargeable as if it were corporation tax.
- (6) For the purposes of sub-paragraph (4)(a), individuals are not to be regarded as working for C in any territory unless—
- (a) they are employed by C in the territory, or
- (b) they are otherwise directed by C to perform duties on its behalf in the territory.
- (7) In this paragraph—
- “*related-party business expenditure*” means any expenditure, other than capital expenditure, which gives rise, directly or indirectly, to income of a person related to C;
- “relevant profits”, for an accounting period, means the total profits of C for that period calculated in accordance with generally accepted accounting practice (disregarding any capital gains or losses), but before any deduction for interest or tax;
- “relevant operating expenses” of C means operating expenses of C other than—the cost of goods sold, andrelated-party business expenditure;
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*UK-connected gross income*” means the gross income derived, directly or indirectly, from persons who are within the charge to United Kingdom tax for all or part of the accounting period;
- “*UK-connected related-party business expenditure*” means related-party business expenditure which gives rise, directly or indirectly, to income of a person within the charge to United Kingdom tax in respect of that income;
- “*United Kingdom tax*” means income tax or corporation tax;
and paragraph 12D(3) (persons “related” to C) applies for the purposes of this paragraph as it applies for the purposes of paragraph 12D(2)(f).
- (8) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there, for the purposes of sub-paragraph (7)—
- (a) the gross income derived from that company is so much of the gross income as is attributable to that establishment, and
- (b) the income received by that company is such of its income as is attributable to that establishment.
### Finance income and relevant IP income
##### 12F
- (1) The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period falls within sub-paragraph (2).
- (2) Gross income falls within this sub-paragraph to the extent that it is—
- (a) finance income, or
- (b) relevant IP income.
- (3) “*Finance income*” means—
- (a) any amount which in accordance with UK generally accepted accounting practice falls to be recognised as arising from a financial asset, and
- (b) any return, in relation to an amount, which—
- (i) is produced for C by an arrangement to which C is party, and
- (ii) is economically equivalent to interest,
except to the extent that the return is taken into account in determining an amount within paragraph (a).
- (4) “*Relevant IP income*” means royalties and receipts of a similar nature arising from intellectual property.
- (5) For the purposes of sub-paragraph (3)(b), the amount of a return is the amount which by virtue of the return would, in calculating C's chargeable profits, be treated under section 486B of CTA 2009 (disguised interest to be regarded as profit from loan relationship) as a profit arising to C from a loan relationship.
- (6) But, in calculating that profit for the purposes of sub-paragraph (5), sections 486B(7) and 486C to 486E of CTA 2009 are to be ignored.
- (7) In this paragraph—
- “*economically equivalent to interest*” is to be construed in accordance with section 486B(2) and (3) of CTA 2009;
- “*financial asset*” means a financial asset as defined for the purposes of UK generally accepted accounting practice or international accounting standards;
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A).
### Gross income
##### 12G
- (1) References in this Part of this Schedule to C's gross income are to be construed in accordance with this paragraph.
- (2) C's gross income for an accounting period does not include—
- (a) any distribution that would not be included in C's chargeable profits by reason of it being exempt for the purposes of Part 9A of CTA 2009 (see section 931A of that Act), or
- (b) any amount that would be taken into account in computing chargeable gains if C were within the charge to corporation tax.
- (3) C's gross income for an accounting period includes—
- (a) any income which accrues during that period to the trustees of a settlement in relation to which C is a settlor or a beneficiary, and
- (b) any income which accrues during that period to a partnership of which C is a partner, apportioned between C and the other partners on a just and reasonable basis.
- (4) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in sub-paragraph (3)(a), the income is to be apportioned between C and the other settlors or beneficiaries on a just and reasonable basis.
- (5) In this paragraph—
- “*distribution*” has the same meaning as in the Corporation Tax Acts (see Part 23 of CTA 2010);
- “*partnership*” includes an entity established under the law of a country or territory outside the United Kingdom of a similar character to a partnership; and “partner” is to be read accordingly.
## Part 2B — Companies Exploiting Intellectual Property with Limited UK Connection
### Introductory
##### 12H
- (1) For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12I),
- (b) intellectual property business (see paragraph 12J),
- (c) other business activities (see paragraph 12K),
- (d) UK connection (see paragraph 12L), and
- (e) finance income (see paragraph 12M).
### Business establishment
##### 12I
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Intellectual property business
##### 12J
- (1) The requirement of this paragraph is that C's main business, throughout the accounting period, consists of the exploitation of intellectual property which does not have a relevant UK connection.
- (2) For the purposes of sub-paragraph (1), if any part of C's main business consists of the exploitation of intellectual property which has a relevant UK connection, that part is to be ignored if it is an insignificant part of C's main business.
- (3) Intellectual property has a relevant UK connection if—
- (a) at any time during the accounting period or the 6 years immediately preceding that period, it has been held by a person resident in the United Kingdom, or
- (b) activities relating to the creation, maintenance or enhancement of the intellectual property (other than activities of an incidental or insignificant nature) have been carried on by a person who for some or all of the period—
- (i) beginning when the activities were first carried on by the person, and
- (ii) ending at the end of the accounting period,
was related to C and within the charge to United Kingdom tax.
### Other business activities
##### 12K
- (1) The requirement of this paragraph is that—
- (a) C does not, at any time during the accounting period, carry on any activities otherwise than in the course of its main business, or
- (b) if it carries on any such activities (“secondary activities”), the secondary activities condition is met.
- (2) The secondary activities condition is that either—
- (a) the secondary activities do not, at any time during the accounting period, constitute a substantial part of the activities of C's business taken as a whole, or
- (b) section 748(1)(b) or (ba) would apply to prevent an apportionment under section 747(3) falling to be made as regards that period, if C's business consisted only of the secondary activities carried on by it during the accounting period.
### UK connection
##### 12L
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if—
- (a) all or a substantial proportion of C's gross income for that period consists of income from the exploitation of intellectual property which derives from persons within the charge to United Kingdom tax, or
- (b) during that period C incurs expenditure (other than expenditure of an incidental or insignificant nature) on—
- (i) R&D sub-contractor payments, or
- (ii) the creation, development or maintenance of relevant intellectual property,
and that expenditure forms part of the income of a person who for some or all of that period is related to C and within the charge to United Kingdom tax.
- (3) In this paragraph—
- “*R&D sub-contractor payment*” means a payment made by C to another person in respect of research and development contracted out by C to that person;
- “*relevant intellectual property*” means intellectual property which does not have a relevant UK connection (see paragraph 12J(3)) and which C exploits in the course of its main business.
### Finance income
##### 12M
The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period consists of finance income (within the meaning of paragraph 12F(3)).
### Interpretation of Part 2B
##### 12N
- (1) For the purpose of this Part of this Schedule—
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G (meaning of “gross income”) applies as it applies for the purposes of Part 2A of this Schedule.
- (2) For the purposes of this Part of this Schedule a person is “related” to C at a particular time if at that time—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period of C in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (3) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there—
- (a) for the purposes of paragraph 12J(3)(b), the activities carried on by the company are such of the activities as are carried on through that establishment,
- (b) for the purposes of paragraph 12L(2)(a), the income derived from that company is such of the income so derived as is attributable to that establishment, and
- (c) for the purposes of paragraph 12L(2)(b), the income of that company is such of its income as is attributable to that establishment.
## Part 3A — Exempt Periods
### Introductory
##### 15A
The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).
### Beginning of exempt period
##### 15B
- (1) An exempt period begins in relation to a company (“X”) at a time (“*the relevant time*”) when—
- (a) X is resident outside the United Kingdom,
- (b) X is controlled by persons resident in the United Kingdom,
- (c) there is at least one relevant UK corporate investor in X, and
- (d) the requirements of paragraph 15C or 15D are met.
- (2) There is a “relevant UK corporate investor in X” at a particular time if, at that time, there is a company which—
- (a) is resident in the United Kingdom, and
- (b) would, on the assumptions set out in sub-paragraph (3), be a company to which an apportionment of X's chargeable profits for the relevant accounting period would fall to be made in circumstances where section 747(5) would not prevent tax being chargeable on the company under section 747(4).
- (3) The assumptions are—
- (a) X has chargeable profits for the relevant accounting period,
- (b) an apportionment of those profits falls to be made under section 747(3) for that period, and
- (c) no reduction of those profits arises under section 751A, 751AA or 751AB.
- (4) “*The relevant accounting period*” means the accounting period of X in which the time mentioned in sub-paragraph (2) falls.
##### 15C
- (1) The requirements of this paragraph are that—
- (a) no company was, at any time before the relevant time, a relevant UK corporate investor in X,
- (b) no asset owned by X, or part of the business carried on by X, at the relevant time was previously owned, or carried on, by a company which—
- (i) was under the control of persons resident in the United Kingdom at any time it owned the asset or carried on the part of the business, and
- (ii) is or has been related to X,
- (c) condition A, B, C or D is met, and
- (d) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) Condition A is that, immediately before the relevant time, X—
- (a) was in existence, but
- (b) was not a member of the same group of companies as any person who, at the relevant time, was a controlling UK person.
- (3) Condition B is that—
- (a) at the relevant time X is controlled by a company which is resident in the United Kingdom, and
- (b) immediately before that time, X was controlled by that same company but that company was not then resident in the United Kingdom.
- (4) Condition C is that—
- (a) at the relevant time—
- (i) X is controlled by a company which is resident in the United Kingdom (“the intermediate parent”), and
- (ii) the intermediate parent is controlled by a company which is not resident in the United Kingdom (“the parent”), and
- (b) immediately before that time X was controlled by the parent but not the intermediate parent.
- (5) Condition D is that X—
- (a) is a controlled foreign company at the time it is formed, and
- (b) is formed by one or more persons for the purpose of controlling one or more companies in circumstances where it is expected that an exempt period will begin in relation to one or more of those companies at the time when X begins to control the company or companies.
- (6) In this paragraph “*controlling UK person*” means a person resident in the United Kingdom who alone, or together with other such persons, controls X.
##### 15D
- (1) The requirements of this paragraph are that—
- (a) the relevant time falls after 23 March 2011,
- (b) X has an accounting period during which 23 March 2011 falls,
- (c) no company was, at any time during that accounting period, a relevant UK corporate investor in X,
- (d) no company was, immediately before the relevant time, a relevant UK corporate investor in X,
- (e) at the relevant time X is controlled by a company which—
- (i) is resident in the United Kingdom, and
- (ii) is not under the control of another body corporate, or two or more other bodies corporate taken together, and
- (f) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) In determining for the purposes of sub-paragraph (1)(e)(ii) whether a company is under the control of two or more bodies corporate taken together, a body corporate which holds less than 10% of the issued ordinary shares of that company is to be disregarded.
- (3) For the purposes of sub-paragraph (2), a body corporate is treated as holding any shares held by persons who are connected or associated with the body corporate.
### Disqualifying relevant transactions
##### 15E
- (1) This paragraph applies for the purposes of paragraph 15C and 15D.
- (2) A disqualifying relevant transaction occurs if—
- (a) a relevant transaction occurs at the relevant time (whether or not the transaction occurs pursuant to an agreement entered into by X before that time), or
- (b) a relevant transaction occurs on or after 9 December 2010 but before the relevant time and that transaction forms part of an avoidance scheme.
- (3) “*Relevant transaction*” means—
- (a) the making by X of a loan or advance of an amount (other than a negligible amount) to a person who, at the time it is made, is related to X and subject to United Kingdom tax,
- (b) an increase (other than an increase of a negligible amount) in the amount of an existing loan or advance made by X to a person who, at the time of the increase, is related to X and subject to United Kingdom tax,
- (c) a change in the terms or conditions of an existing loan or advance made by X where—
- (i) the loan or advance is to a person who, at the time the change is made, is related to X and subject to United Kingdom tax, and
- (ii) the change has an effect (other than a negligible effect) on the amount of interest payable, or
- (d) a transaction to which sub-paragraph (4) applies.
- (4) This sub-paragraph applies to a transaction if—
- (a) it is referable to an activity carried on by X as part, or the whole, of any non-exempt activities carried on by X,
- (b) the results of the transaction are reflected in the profits arising in an accounting period of X and are not negligible in value, and
- (c) the results of the transaction alone, or together with the results of one or more other transactions, achieves a reduction in United Kingdom tax.
- (5) A transaction achieves, or two or more transactions together achieve, a reduction in United Kingdom tax if, had the transaction or transactions not been effected, any person—
- (a) would have been liable for any such tax or for a greater amount of any such tax, or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (6) In this paragraph—
- “*avoidance scheme*” means a scheme the main purpose, or one of the main purposes, of any party to which in entering into the scheme is to secure that section 748(1)(f) prevents an apportionment falling to be made under section 747(3) as regards an accounting period, or accounting periods, of X;
- “*non-exempt activities*” has the meaning given by paragraph 12D(2);
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*United Kingdom tax*” means corporation tax (or any tax chargeable as if it were corporation tax) or income tax.
### Ending of exempt period
##### 15F
- (1) An exempt period ends on the expiry of the period of 24 months which begins immediately after the first accounting period of X to end after the relevant time, unless sub-paragraph (2) applies.
- (2) If an early termination event occurs after the relevant time but before the time the exempt period would end under sub-paragraph (1), the exempt period ends immediately before that event.
- (3) An early termination event occurs if and when—
- (a) a relevant transaction occurs, whether or not the transaction occurs pursuant to an agreement entered into by X before that time, or
- (b) where the exempt period began because Condition D was met, X's business does not consist wholly in the holding of shares of companies which X controls, together with activities incidental to the holding of such shares.
### Interpretation of Part 3A
##### 15G
- (1) In this Part of this Schedule—
- “*group*” means a company and any other companies it controls;
- “*the relevant time*” has the meaning given by paragraph 15B;
- “*relevant transaction*” has the meaning given by paragraph 15E;
- “*relevant UK corporate investor in X*” has the meaning given by paragraph 15B(2);
- “*X*” is to be construed in accordance with paragraph 15B.
- (2) For the purposes of this Part of this Schedule a person is “related” to X at a particular time if—
- (a) the person is connected or associated with X at that time,
- (b) the person has a 25 per cent assessable interest in X in the case of the accounting period in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if X is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 21
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Part 3 — Supplementary
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 9
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Schedule 28A
## Part I — Significant increase in company capital
### General
##### 1
The provisions referred to in section 768B(2) for determining whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company are as follows.
### The basic rule
##### 2
There is a significant increase in the amount of a company’s capital if amount B—
- (a) exceeds amount A by at least £1 million; or
- (b) is at least twice amount A.
### Amount A
##### 3
- (1) Amount A is the lower of—
- (a) the amount of the company’s capital immediately before the change in the ownership; and
- (b) the highest 60 day minimum amount for the pre-change year, found in accordance with sub-paragraphs (2) to (6) below.
- (2) Find the daily amounts of the company’s capital over the pre-change year.
- (3) Take the highest of the daily amounts.
- (4) Find out whether there was in the pre-change year a period of 60 days or more in which there was no daily amount lower than the amount taken.
- (5) If there was, the amount taken is the highest 60 day minimum amount for the pre-change year.
- (6) If there was not, take the next highest of the daily amounts and repeat the process in sub-paragraph (4) above; and so on, until the highest 60 day minimum amount for the pre-change year is found.
- (7) In this Part of this Schedule “*the pre-change year*” means the period of one year ending immediately before the change in the ownership of the company in question.
### Amount B
##### 4
- (1) Amount B is the highest 60 day minimum amount for the post-change period (finding that amount for that period in the same way as the highest 60 day minimum amount for the pre-change year is found).
- (2) In this paragraph “*the post-change period*” means the period of three years beginning with the change in the ownership of the company in question.
### Capital and amounts of capital
##### 5
- (1) The capital of a company consists of the aggregate of—
- (a) the amount of the paid up share capital of the company;
- (b) the amount outstanding of any debts incurred by the company which are of a description mentioned in any of paragraphs (a) to (c) of section 417(7); and
- (c) the amount outstanding of any redeemable loan capital issued by the company.
- (2) For the purposes of sub-paragraph (1) above—
- (a) the amount of the paid up share capital includes any amount in the share premium account of the company (construing “share premium account” in the same way as in section 130 of the Companies Act 1985); and
- (b) the amount outstanding of any debts includes any interest due on the debts.
- (3) Amounts of capital shall be expressed in sterling and rounded up to the nearest pound.
## Part II — Amounts in issue for purposes of section 768B
##### 6
The amounts in issue referred to in section 768B(4)(c) are—
- (a) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than under section 75;
- (b) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (c) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (d) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (da) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within sub-paragraph (dc) below) ;
- (db) the amount of any non-trading debit (other than one within sub-paragraph . . . (dd) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (dc) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (dd) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (de) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (df) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule;
- (e) any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.
##### 6A
For the purposes of paragraph 6(da) above, the amount for any accounting period of the adjusted Case III profits and gains or non-trading deficit of a company is the amount which, as the case may be, would be—
- (a) the amount of the profits and gains chargeable under Case III of Schedule D as profits and gains arising from the company’s loan relationships, or
- (b) the amount of the company’s non-trading deficit on those relationships for that period,
if, in computing that amount, amounts for that period falling within paragraph 6(db) to (dd) above were disregarded.
## Part III — Apportionment for purposes of section 768B
##### 7
- (1) Subject to paragraph 8 below, the apportionment required by section 768B(4)(c) shall be made—
- (a) in the case of the sums mentioned in paragraph 6(a) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 6(b) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 6(c) above, or in the case of the non-trading deficit mentioned in paragraph 6(dc) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 6(d) , (da) and (e) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to be brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 6(dd) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided.
- (g) in the case of any such credit or debit as is mentioned in paragraph 6(de), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 6(df) above, by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
If it appears that any method of apportionment given by paragraph 7 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## Part IV — Excess overdue interest
### Introductory
##### 9
- (1) This paragraph has effect in a case to which section 768B applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account shall not include the debits falling within paragraph 11 below to the extent (if at all) that the aggregate of—
- (a) the amount of those debits, and
- (b) the amount of any debits falling within that paragraph which have been brought into account for the purposes of that Chapter for any previous accounting period ending after the change in the ownership,
exceeds the profits for the accounting period ending with the change in the ownership.
- (3) The reference in sub-paragraph (2) above to the profits is a reference to profits after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes.
### The rules
##### 10
- (1) This paragraph has effect in a case to which section 768C applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the relevant company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account for any such accounting period shall not include the debits falling within paragraph 11 below to the extent (if at all) that the amount of those debits exceeds the modified total profits for the accounting period.
- (3) The reference in sub-paragraph (2) above to the modified total profits for an accounting period is a reference to the total profits for that period—
- (a) reduced, if that period is the period in which the relevant gain accrues, by an amount equal to the amount of the total profits for that period which represents the relevant gain; and
- (b) after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes, other than any reduction by virtue of paragraph 1(2) of Schedule 8 to the Finance Act 1996.
- (4) Where by virtue of sub-paragraph (2) above a debit is to any extent not brought into account for an accounting period, that debit may (to that extent) be brought into account for the next accounting period, but this is subject to the application of sub-paragraphs (1) to (3) above to that next accounting period.
##### 11
- (1) A debit falls within this paragraph if it is a non-trading debit which—
- (a) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting;
- (b) so falls to be brought into account—
- (i) with an adjustment under paragraph 17 or 18 of Schedule 9 to that Act (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed); or
- (ii) on the assumption, specified in sub-paragraph (2) of paragraph 2 of that Schedule, that the interest to which it relates does not accrue until it is paid; and
- (c) apart from paragraphs 2(2), 17 and 18 of that Schedule, would have fallen to be brought into account for those purposes for an accounting period ending before or with the change in the ownership of the company or, as the case may be, the relevant company.
- (2) The debits that fall within this paragraph also include—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) any non-trading debit given by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company or, as the case may be, the relevant company.
- (3) The debits that fall within this paragraph also include any non-trading debit which—
- (a) is not such a debit as is mentioned in sub-paragraph (1) or (2) above;
- (b) is a debit in respect of a debtor relationship of the company or, as the case may be, the relevant company;
- (c) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting; and
- (d) relates to an amount that accrued before the change in the ownership of that company.
- (4) In this paragraph “*post-change accounting period*” means the accounting period beginning immediately after the change in the ownership of the company or, as the case may be, the relevant company.
##### 12
Expressions used both in this Part of this Schedule and in Chapter II of Part IV of the Finance Act 1996 have the same meanings in this Part of this Schedule as in that Chapter.
## Part IV — Disallowed debits
##### 9A
- (1) This paragraph has effect in any case to which section 768B applies where the non-trading deficit mentioned in paragraph 6(dc) above is apportioned by paragraph 7(b) above to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
##### 10A
- (1) This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
## Part V — Amounts in issue for purposes of section 768C
##### 13
- (1) The amounts in issue referred to in section 768C(3)(c) are—
- (a) the amount which would in accordance with the relevant provisions of the 1992 Act (and apart from section 768C) be included in respect of chargeable gains in the total profits for the accounting period being divided;
- (b) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided except any such expenses as would (apart from section 768C) be deductible in computing total profits otherwise than under section 75;
- (c) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (d) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (e) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768C) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (ea) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within paragraph (ec) below);
- (eb) the amount of any non-trading debit (other than one within paragraph . . . (ed) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (ec) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (ed) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (ee) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (ef) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule; and
- (f) any other amounts by reference to which the profits or losses of the accounting period being divided would (apart from section 768C) be calculated.
- (2) In sub-paragraph (1)(a) above “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act.
##### 13A
Paragraph 6A above shall apply for the purposes of paragraph 13(1)(ea) above as it applies for the purposes of paragraph 6(da) above.
## Part VI — Apportionment for purposes of section 768C
##### 14
The apportionment required by section 768C(3)(c) shall be made as follows.
##### 15
In the case of the amount mentioned in paragraph 13(1)(a) above—
- (a) if it does not exceed the amount of the relevant gain, the whole of it shall be apportioned to the second part of the accounting period being divided;
- (b) if it exceeds the amount of the relevant gain, the excess shall be apportioned to the first part of the accounting period being divided and the relevant gain shall be apportioned to the second part.
##### 16
- (1) Subject to paragraph 17 below, the apportionment shall be made—
- (a) in the case of the sums mentioned in paragraph 13(1)(b) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 13(1)(c) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 13(1)(d) above, or in the case of the non-trading deficit mentioned in paragraph 13(1)(ec) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 13(1)(e) , (ea) and (f) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 13(1)(ed) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (g) in the case of any such credit or debit as is mentioned in paragraph 13(ee), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 13(ef), by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
If it appears that any method of apportionment given by paragraph 16 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## SCHEDULE 28AA
### Basic rule on transfer pricing etc.
##### 1
- (1) This Schedule applies where—
- (a) provision (“the actual provision") has been made or imposed as between any two persons (“the affected persons") by means of a transaction or series of transactions, and
- (b) at the time of the making or imposition of the actual provision—
- (i) one of the affected persons was directly or indirectly participating in the management, control or capital of the other; or
- (ii) the same person or persons was or were directly or indirectly participating in the management, control or capital of each of the affected persons.
- (2) Subject to paragraphs 5A, 5B, 8, 10 and 13 below, if the actual provision—
- (a) differs from the provision (“the arm"s length provision’) which would have been made as between independent enterprises, and
- (b) confers a potential advantage in relation to United Kingdom taxation on one of the affected persons, or (whether or not the same advantage) on each of them,
the profits and losses of the potentially advantaged person or, as the case may be, of each of the potentially advantaged persons shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision.
- (3) For the purposes of this Schedule the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises shall include the case in which provision is made or imposed as between any two persons but no provision would have been made as between independent enterprises; and references in this Schedule to the arm’s length provision shall be construed accordingly.
### Provision in relation to securities: determination of arm’s length provision
##### 1A
- (1) This paragraph applies where—
- (a) both of the affected persons are companies, and
- (b) the actual provision is provision in relation to a security issued by one of those companies (“the issuing company”).
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the special relationship (see sub-paragraph (6) below),
- (b) the amount which the loan would have been in the absence of the special relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship (see sub-paragraphs (7) and (8) below).
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) In this paragraph “*special relationship*” means any relationship by virtue of which the condition in paragraph 1(1)(b) above is satisfied in the case of the affected persons.
- (7) In this paragraph any reference to a guarantee includes a reference to a surety and to any other relationship, arrangements, connection or understanding (whether formal or informal) such that the person making the loan to the issuing company has a reasonable expectation that in the event of a default by the issuing company he will be paid by, or out of the assets of, one or more companies.
- (8) For the purposes of this paragraph, the cases where one company has a “*participatory relationship*”with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (9) In this paragraph “*security*” includes securities not creating or evidencing a charge on assets.
- (10) For the purposes of this paragraph—
- (a) interest payable by a company on money advanced without the issue of a security for the advance, or
- (b) other consideration given by a company for the use of money so advanced,
shall be treated as if payable or given in respect of a security issued for the advance by the company, and references in this paragraph to a security shall be construed accordingly.
### Guarantees etc
##### 1B
- (1) This paragraph applies where the actual provision is made or imposed by means of a series of transactions which include—
- (a) the issuing of a security by a company which is one of the affected persons (“the issuing company”), and
- (b) the provision of a guarantee by a company which is the other of those persons.
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the guarantee would have been provided at all in the absence of the special relationship,
- (b) the amount that would have been guaranteed in the absence of the special relationship, and
- (c) the consideration for the guarantee and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company provides a guarantee in respect of another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to provide guarantees generally,
the fact that it is not part of the first company’s business to provide guarantees generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship.
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (6) (meaning of special relationship);
- (b) sub-paragraph (7) (construction of references to a guarantee);
- (c) sub-paragraph (8) (meaning of participatory relationship);
- (d) sub-paragraph (9) (meaning of security);
- (e) sub-paragraph (10) (extended meaning of security).
### Principles for construing rules in accordance with OECD principles
##### 2
- (1) This Schedule shall be construed (subject to paragraphs 8 to 11 below) in such manner as best secures consistency between—
- (a) the effect given to paragraph 1 above; and
- (b) the effect which, in accordance with the transfer pricing guidelines, is to be given, in cases where double taxation arrangements incorporate the whole or any part of the OECD model, to so much of the arrangements as does so.
- (2) In this paragraph “*the OECD model*” means—
- (a) the rules which, at the passing of this Act, were contained in Article 9 of the Model Tax Convention on Income and on Capital published by the Organisation for Economic Co-operation and Development; or
- (b) any rules in the same or equivalent terms.
- (3) In this paragraph “*the transfer pricing guidelines*” means—
- (a) all the documents published by the Organisation for Economic Co-operation and Development, at any time before 1st May 1998, as part of their Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations; and
- (b) such documents published by that Organisation on or after that date as may for the purposes of this Schedule be designated, by an order made by the Treasury, as comprised in the transfer pricing guidelines.
### Meaning of “transaction" and “series of transactions"
##### 3
- (1) In this Schedule “*transaction*” includes arrangements, understandings and mutual practices (whether or not they are, or are intended to be, legally enforceable).
- (2) References in this Schedule to a series of transactions include references to a number of transactions each entered into (whether or not one after the other) in pursuance of, or in relation to, the same arrangement.
- (3) A series of transactions shall not be prevented by reason only of one or more of the matters mentioned in sub-paragraph (4) below from being regarded for the purposes of this Schedule as a series of transactions by means of which provision has been made or imposed as between any two persons.
- (4) Those matters are—
- (a) that there is no transaction in the series to which both those persons are parties;
- (b) that the parties to any arrangement in pursuance of which the transactions in the series are entered into do not include one or both of those persons; and
- (c) that there is one or more transactions in the series to which neither of those persons is a party.
- (5) In this paragraph, “*arrangement*” means any scheme or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable).
### Participation in the management, control or capital of a person
##### 4
- (1) For the purposes of this Schedule a person is directly participating in the management, control or capital of another person at a particular time if, and only if, that other person is at that time—
- (a) a body corporate or a partnership; and
- (b) controlled by the first person.
- (2) For the purposes of this Schedule a person (“*the potential participant*”) is indirectly participating in the management, control or capital of another person at a particular time if, and (subject to paragraphs 4A and 6(4C) below) only if—
- (a) he would be taken to be directly so participating at that time if the rights and powers attributed to him included all the rights and powers mentioned in sub-paragraph (3) below that are not already attributed to him for the purposes of sub-paragraph (1) above; or
- (b) he is, at that time, one of a number of major participants in that other person’s enterprise.
- (3) The rights and powers referred to in sub-paragraph (2)(a) above are—
- (a) rights and powers which the potential participant is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of persons other than the potential participant to the extent that they are rights or powers falling within sub-paragraph (4) below;
- (c) rights and powers of any person with whom the potential participant is connected; and
- (d) rights and powers which for the purposes of sub-paragraph (2)(a) above would be attributed to a person with whom the potential participant is connected if that connected person were himself the potential participant.
- (4) Rights and powers fall within this sub-paragraph to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the potential participant;
- (ii) under the direction of the potential participant; or
- (iii) for the benefit of the potential participant;
and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (5) In sub-paragraphs (3)(b) to (d) and (4) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (6) In paragraph (d) of sub-paragraph (3) above, the reference to rights and powers which would be attributed to a connected person if he were the potential participant includes a reference to rights and powers which, by applying that paragraph wherever one person is connected with another, would be so attributed to him through a number of persons each of whom is connected with at least one of the others.
- (7) For the purposes of this paragraph a person (“*the potential major participant*”) is a major participant in another person’s enterprise at a particular time if at that time—
- (a) that other person (“*the subordinate*”) is a body corporate or partnership; and
- (b) the 40 per cent. test is satisfied in the case of each of two persons who, taken together, control the subordinate and of whom one is the potential major participant.
- (8) For the purposes of this paragraph the 40 per cent. test is satisfied in the case of each of two persons wherever each of them has interests, rights and powers representing at least 40 per cent. of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the subordinate.
- (9) For the purposes of this paragraph—
- (a) the question whether a person is controlled by any two or more persons taken together, and
- (b) any question whether the 40 per cent. test is satisfied in the case of a person who is one of two persons,
shall be determined after attributing to each of the persons all the rights and powers attributed to a potential participant for the purposes of sub-paragraph (2)(a) above.
- (10) References in this paragraph—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
- (11) For the purposes of this paragraph two persons are connected with each other if—
- (a) one of them is an individual and the other is his spouse or civil partner, a relative of his or of his spouse or civil partner, or the spouse or civil partner of such a relative; or
- (b) one of them is a trustee of a settlement and the other is—
- (i) a person who in relation to that settlement is a settlor; or
- (ii) a person who is connected with a person falling within sub-paragraph (i) above.
- (12) In sub-paragraph (11) above—
- “*relative*” means brother, sister, ancestor or lineal descendant; and
- “*settlement*” and “*settlor*” have the same meanings as in section 620 of ITTOIA 2005.
### Persons acting together in relation to financing arrangements
##### 4A
- (1) A person (“P”) shall be treated for the purposes of paragraph 1(1)(b)(i) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for A;
- (b) A is a body corporate or partnership;
- (c) P and other persons acted together in relation to the financing arrangements; and
- (d) P would be taken to have control of A if, at any relevant time, there were attributed to P the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (2) A person (“Q”) shall be treated for the purposes of paragraph 1(1)(b)(ii) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of each of the affected persons at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for one of the affected persons (“B”);
- (b) B is a body corporate or partnership;
- (c) Q and other persons acted together in relation to the financing arrangements; and
- (d) Q would be taken to have control of both B and the other affected person if, at any relevant time, there were attributed to Q the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (3) It is immaterial for the purposes of sub-paragraph (1)(c) or (2)(c) above whether P or Q and the other persons acting together in relation to the financing arrangements did so at the time of the making or imposition of the actual provision or at some earlier time.
- (4) In sub-paragraph (1)(d) or (2)(d) “*relevant time*” means—
- (a) a time when P or Q and the other persons were acting together in relation to the financing arrangements; or
- (b) a time in the period of six months beginning with the day on which they ceased so to act.
- (5) In determining for the purposes of sub-paragraph (1)(d) or (2)(d) whether P or Q would be taken to have control of another person, the rights and powers of any person (and not just P or Q) shall be taken to include those that would be attributed to that person in determining under paragraph 4 above whether he is indirectly participating in the management, control or capital of the other person.
- (6) In this paragraph “*financing arrangements*” means arrangements made for providing or guaranteeing, or otherwise in connection with, any debt, capital or other form of finance.
- (7) Where the condition in paragraph 1(1)(b) above would not be satisfied but for this paragraph, paragraph 1(2) above applies only to the extent that the actual provision relates to the financing arrangements in question.
### Financing arrangements: anticipatory provision
##### 4B
- (1) To the extent that it applies to provision relating to financing arrangements, this Schedule has effect as if in paragraph 1(1)(b) above the words “or within the period of six months beginning with the day on which the actual provision was made or imposed” were inserted immediately before sub-paragraph (i).
- (2) In this paragraph “*financing arrangements*” has the same meaning as in paragraph 4A above.
### Advantage in relation to United Kingdom taxation
##### 5
- (1) For the purposes of this Schedule . . . the actual provision confers a potential advantage on a person in relation to United Kingdom taxation wherever, disregarding this Schedule, the effect of making or imposing the actual provision, instead of the arm’s length provision, would be one or both of the following, that is to say—
- (a) that a smaller amount (which may be nil) would be taken for tax purposes to be the amount of that person’s profits for any chargeable period; or
- (b) that a larger amount (or, if there would not otherwise have been losses, any amount of more than nil) would be taken for tax purposes to be the amount for any chargeable period of any losses of that person.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- (a) excluded income for the purposes of section 128 of the Finance Act 1995 (limit on income chargeable on non-residents: income tax), or
- (b) income to which section 151 of the Finance Act 2003 applies (non-resident companies: extent of charge to income tax).
### Exemption for dormant companies
##### 5A
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which satisfies the condition in sub-paragraph (2) below.
- (2) The condition is that—
- (a) the company was dormant throughout the pre-qualifying period, and
- (b) apart from paragraph 1 above, the company has continued to be dormant at all times since the end of the pre-qualifying period.
- (3) In sub-paragraph (2) above “*the pre-qualifying period*” means—
- (a) if there is an accounting period of the company that ends on 31st March 2004, that accounting period, or
- (b) if there is no such accounting period, the period of 3 months ending with that date.
- (4) In this paragraph “*dormant*” has the same meaning as in section 249AA of the Companies Act 1985 (see subsections (4) to (7) of that section).
### Exemption for small or medium-sized enterprises
##### 5B
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see paragraph 5D below).
- (2) Exceptions to sub-paragraph (1) above are provided—
- (a) in the case of a small enterprise, by sub-paragraphs (3) and (4) below, and
- (b) in the case of a medium-sized enterprise, by sub-paragraphs (3) and (4) and paragraph 5C below.
- (3) The first exception is where the small or medium-sized enterprise elects for sub-paragraph (1) above not to apply in relation to the chargeable period.
Any such election is irrevocable.
- (4) The second exception is where, at the time when the actual provision is or was made or imposed,—
- (a) the other affected person, or
- (b) a party to a relevant transaction (see sub-paragraph (5) below),
is a resident (see sub-paragraph (6) below) of a non-qualifying territory (whether or not that person is also a resident of a qualifying territory).
- (5) For the purposes of sub-paragraph (4) above, a “party to a relevant transaction” is a person who, in a case where the actual provision is or was imposed by means of a series of transactions, is or was a party to one or more of those transactions.
- (6) In this paragraph “*resident*”, in relation to a territory,—
- (a) means a person who, under the laws of that territory, is liable to tax there by reason of his domicile, residence or place of management, but
- (b) does not include a person who is liable to tax in that territory in respect only of income from sources in that territory or capital situated there.
- (7) The definitions of “qualifying territory” and “non-qualifying territory” are in paragraph 5E below.
### Additional provisions for medium-sized enterprises
##### 5C
- (1) Paragraph 5B(1) above does not apply as respects any provision made or imposed if—
- (a) the potentially advantaged person in question is a medium-sized enterprise for the chargeable period in question, and
- (b) the Board gives that person a notice under this sub-paragraph (a “*transfer pricing notice*”) requiring him to compute the profits and losses of that chargeable period in accordance with paragraph 1(2) above in the case of that provision.
- (2) A transfer pricing notice may be given in respect of —
- (a) any provision specified, or of a description specified, in the notice, or
- (b) every provision in relation to which the assumption in paragraph 1(2) above would fall to be made apart from paragraph 5B(1) above.
- (3) A transfer pricing notice may be given only after a notice of enquiry has been given to the potentially advantaged person in respect of his tax return for the chargeable period.
- (4) A transfer pricing notice must identify the officer of the Board to whom any notice of appeal under this paragraph is to be given.
- (5) A person to whom a transfer pricing notice is given may appeal against the decision to give the notice, but only on the grounds that the condition in sub-paragraph (1)(a) above is not satisfied.
- (6) Any such appeal must be brought by giving written notice of appeal to the officer of the Board identified for the purpose in the transfer pricing notice in accordance with sub-paragraph (4) above.
- (7) The notice of appeal must be given before the end of the period of 30 days beginning with the day on which the transfer pricing notice is given.
- (8) A person to whom a transfer pricing notice is given may amend his tax return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with—
- (a) the day on which the notice is given, or
- (b) if he appeals against the notice, the day on which the appeal is finally determined or abandoned.
- (9) Where a transfer pricing notice is given in the case of any tax return, no closure notice may be given in relation to that tax return until—
- (a) the end of the period of 90 days specified in sub-paragraph (8) above, or
- (b) the earlier amendment of the tax return for the purpose of complying with the notice.
- (10) So far as relating to any provision made or imposed by or in relation to a person—
- (a) who is a medium-sized enterprise for a chargeable period,
- (b) who does not make an election under paragraph 5B(3) above for that period, and
- (c) who is not excepted from paragraph 5B(1) above by virtue of paragraph 5B(4) above in relation to that provision for that period,
the tax return required to be made for that period is a return that disregards paragraph 1(2) above.
- (11) Sub-paragraph (10) above does not prevent a tax return for a period becoming incorrect if, in the case of any provision made or imposed,—
- (a) a transfer pricing notice is given which has effect in relation to that provision for that period,
- (b) the return is not amended in accordance with sub-paragraph (8) above for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this paragraph—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998;
- “*tax return*” means—a return under section 8, 8A or 12AA of the Management Act, ora company tax return.
### Meaning of “small enterprise” and “medium-sized enterprise”
##### 5D
- (1) In this Schedule—
- (a) “*small enterprise*” means a small enterprise as defined in the Annex to the Commission Recommendation,
- (b) “*medium-sized enterprise*” means an enterprise which—
- (i) falls within the category of micro, small and medium-sized enterprises as defined in that Annex, and
- (ii) is not a small enterprise as defined in that Annex,
but for these purposes that Annex has effect with the modifications set out in sub-paragraphs (3) to (6) of this paragraph.
- (2) In this paragraph—
- “*the Annex*” means the Annex to the Commission Recommendation;
- “*the Commission Recommendation*” means Commission Recommendation 2003/361/EC of 6th May 2003 (concerning the definition of micro, small and medium-sized enterprises).
- (3) Where any enterprise is in liquidation or administration, the rights of the liquidator or administrator (in that capacity) shall be left out of account when applying Article 3(3)(b) of the Annex in determining for the purposes of this Schedule whether—
- (a) that enterprise, or
- (b) any other enterprise (including that of the liquidator or administrator),
is a small or medium-sized enterprise.
- (4) Article 3 of the Annex shall have effect with the omission of paragraph 5 (declaration in good faith where control cannot be determined etc).
- (5) The first sentence of Article 4(1) of the Annex shall have effect as if the data to apply to—
- (a) the headcount of staff, and
- (b) the financial amounts,
were the data relating to the chargeable period in paragraph 5B(1) above (instead of the period described in that sentence) and calculated on an annual basis.
- (6) Article 4 of the Annex shall have effect with the omission of the following provisions—
- (a) the second sentence of paragraph 1 (data to be taken into account from date of closure of accounts);
- (b) paragraph 2 (no change of status unless ceilings exceeded for two consecutive periods);
- (c) paragraph 3 (bona fide estimate in case of newly established enterprise).
### Meaning of “qualifying territory” and “non-qualifying territory”
##### 5E
- (1) In this Schedule—
- “*non-qualifying territory*” means any territory which is not a qualifying territory;
- “*qualifying territory*” means—the United Kingdom, orany territory as respects which Condition 1 or Condition 2 below is satisfied.
- (2) Condition 1 is that—
- (a) arrangements to which section 788 applies (double taxation relief by agreement with other territories) have been made in relation to the territory;
- (b) those arrangements contain a non-discrimination provision (see sub-paragraphs (4) and (5) below); and
- (c) the territory is not designated as a non-qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (3) Condition 2 is that—
- (a) arrangements to which section 788 applies have been made in relation to the territory; and
- (b) the territory is designated as a qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (4) For the purposes of this paragraph a “*non-discrimination provision*”, in relation to any arrangement to which section 788 applies, is a provision to the effect that nationals of a state which is a party to those arrangements (a “contracting state”) are not to be subject in any other contracting state to—
- (a) any taxation, or
- (b) any requirement connected with taxation,
which is other or more burdensome than the taxation and connected requirements to which nationals of that other state in the same circumstances (in particular with respect to residence) are or may be subjected.
- (5) In this paragraph, “*national*”, in relation to a contracting state, includes—
- (a) any individual possessing the nationality or citizenship of the contracting state,
- (b) any legal person, partnership or association deriving its status as such from the laws in force in that contracting state.
- (6) A statutory instrument containing regulations under this paragraph shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Elimination of double counting
##### 6
- (1) This paragraph applies where—
- (a) only one of the affected persons (“the advantaged person”) is a person on whom a potential advantage in relation to United Kingdom taxation is conferred by the actual provision; and
- (b) the other affected person (“the disadvantaged person”) is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (2) Subject to sub-paragraphs (3) to (6) and paragraphs6C, 6D, 7 and 8 below, on the making of a claim by the disadvantaged person for the purposes of this paragraph—
- (a) the profits and losses of the disadvantaged person shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) notwithstanding any limit in the Tax Acts on the time within which any adjustment may be made, all such adjustments shall be made in his case as may be required to give effect to the assumption that the arm’s length provision was made or imposed instead of the actual provision.
- (3) A claim made by the disadvantaged person for the purposes of this paragraph—
- (a) shall not be made unless a computation has been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision; and
- (b) must be consistent with the computation made on that basis in the case of the advantaged person.
- (4) For the purposes of sub-paragraph (3) above a computation shall be taken to have been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision if, and only if—
- (a) the computations made for the purposes of any return by the advantaged person have been made on that basis by virtue of this Schedule; or
- (b) a relevant notice given to the advantaged person takes account of a determination in pursuance of this Schedule of an amount falling to be brought into account for tax purposes on that basis.
- (4A) A claim by the disadvantaged person for the purposes of this paragraph shall not be made where—
- (a) the condition in paragraph 1(1)(b) above would not be satisfied but for paragraph 4A above;
- (b) the actual provision is provision in relation to a security issued by one of the affected persons (“*the issuer*”);
- (c) a guarantee is provided in relation to the security by a person with whom the issuer has a participatory relationship.
In this sub-paragraph “*security*” and “*guarantee*” have the same meaning as in paragraph 1A above.
- (4B) For the purposes of sub-paragraph (4A) above, the cases where one person has a “*participatory relationship*” with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (4C) Paragraph 4A above applies for the purposes of sub-paragraph (4B) above as it applies for the purposes of paragraph 1(1)(b) above.
- (5) Subject to section 111(3)(b) of the Finance Act 1998 (which provides for the extension of the period for making a claim), a claim for the purposes of this paragraph shall not be made except within one of the following periods—
- (a) in a case where a return has been made by the advantaged person on the basis mentioned in sub-paragraph (3)(a) above, the period of two years beginning with the day of the making of the return; and
- (b) in any case where a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above has been given to the advantaged person, the period of two years beginning with the day on which that notice was given.
- (6) Subject to section 111(3)(b) of the Finance Act 1998, where—
- (a) a claim for the purposes of this paragraph is made by the disadvantaged person in relation to a return made on the basis mentioned in sub-paragraph (3)(a) above, and
- (b) a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above is subsequently given to the advantaged person,
the disadvantaged person shall be entitled, within the period mentioned in sub-paragraph (5)(b) above, to make any such amendment of the claim as may be appropriate in consequence of the determination contained in that notice.
- (7) In this paragraph—
- “*relevant notice*” means—a closure notice under section 28A(1) or 28B(1) of the Management Act in relation to an enquiry into a return under section 8 or 8A of that Act or into a partnership return;a closure notice under paragraph 32 of Schedule 18 to the Finance Act 1998 in relation to an enquiry into a company tax return;a notice of an assessment under section 29 of the Management Act;a notice of any discovery assessment or discovery determination under paragraph 41 of Schedule 18 to the Finance Act 1998 (including any notice of an assessment by virtue of paragraph 52 of that Schedule);a notice under section 30B(1) of the Management Act amending a partnership return;
- “*return*” means any return required to be made under the Management Act or Schedule 18 to the Finance Act 1998 for income tax or corporation tax purposes or any voluntary amendment of such a return; and
- “*voluntary amendment*”, in relation to a return, means —an amendment under section 9ZA or 12ABA of the Management Act (amendment of personal, trustee or partnership return by taxpayer), oran amendment under Schedule 18 to the Finance Act 1998 other than one made in response to the giving of a relevant notice.
### Application of paragraph 6 in relation to transfers of trading stock etc
##### 6A
- (1) Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
- (a) closing trading stock, or
- (b) closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
- (2) For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
- (3) For the purposes of this paragraph “*trading stock*”, in relation to any trade, has the same meaning as it has for the purposes of section 100 above (see subsection (2) of that section) or Chapter 12 of Part 2 of ITTOIA 2005 (see section 174 of that Act) (valuation of trading stock at discontinuance of trade).
### Compensating adjustment where advantaged person is a controlled foreign company
##### 6B
- (1) This paragraph applies in any case where—
- (a) the actual provision is provision made or imposed in relation to a controlled foreign company,
- (b) in determining for the purposes of Chapter 4 of Part 17 the amount of that company’s chargeable profits for an accounting period, its profits and losses fall to be computed in accordance with paragraph 1(2) above in the case of that provision,
- (c) the whole of those chargeable profits fall to be apportioned under section 747(3) to one or more companies resident in the United Kingdom, and
- (d) tax is chargeable by virtue of section 747(4) in respect of the whole of those chargeable profits, as so apportioned to those companies.
- (2) Where this paragraph applies, paragraph 6 above shall have effect as if the controlled foreign company were a person on whom a potential advantage in relation to United Kingdom taxation were conferred by the actual provision.
- (3) In the application of paragraph 6 above by virtue of this paragraph—
- (a) references to the advantaged person in sub-paragraphs (4)(a) and (b), (5)(a) and (b) and (6)(b) of that paragraph include a reference to any of the companies mentioned in sub-paragraph (1)(c) above, and
- (b) references to corporation tax include a reference to tax chargeable by virtue of section 747(4).
- (4) In this paragraph—
- “*controlled foreign company*” has the same meaning as in Chapter 4 of Part 17;
- “*accounting period*”, in relation to a controlled foreign company, has the same meaning as in Chapter 4 of Part 17.
### Claims under paragraph 6 where paragraph 1A applies
##### 6C
- (1) Where paragraph 1A above applies in relation to any provision, this paragraph has effect in relation to that provision.
- (2) A claim under paragraph 6(2) above may be made in accordance with this paragraph.
For the purposes of this Schedule a “paragraph 6C claim” is a claim under paragraph 6(2) above made in accordance with this paragraph.
- (3) A paragraph 6C claim may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such claim made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (4) A paragraph 6C claim may be made before or after a computation falling within paragraph 6(3)(a) above has been made.
- (5) A paragraph 6C claim must be made either—
- (a) at any time before the end of the period mentioned in paragraph 6(5)(a) above, or
- (b) within the period mentioned in paragraph 6(5)(b) above,
but this is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making a claim).
- (6) A paragraph 6C claim is not a claim within paragraph 57 or 58 of Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters).
Accordingly, paragraph 59 of that Schedule (application of Schedule 1A to the Management Act) has effect in relation to a paragraph 6C claim.
- (7) Where—
- (a) a paragraph 6C claim is made before a computation falling within paragraph 6(3)(a) above has been made,
- (b) such a computation is subsequently made, and
- (c) the claim is not consistent with the computation,
the affected persons shall be treated as if (instead of the claim actually made) a claim had been made that was consistent with the computation.
- (8) All such adjustments shall be made (whether by discharge or repayment of tax, the making of assessments or otherwise) as are required to give effect to sub-paragraph (7) above.
- (9) Sub-paragraph (8) above has effect notwithstanding any limit on the time within which any adjustment may be made.
- (10) Where—
- (a) a paragraph 6C claim is made,
- (b) a return is subsequently made by the advantaged person on the basis mentioned in paragraph 6(3)(a) above, and
- (c) a relevant notice (within the meaning of paragraph 6 above) taking account of such a determination as is mentioned in paragraph 6(4)(b) above is subsequently given to the advantaged person,
sub-paragraph (11) below applies.
- (11) Where this sub-paragraph applies, any such amendment of the paragraph 6C claim as may be appropriate in consequence of the determination contained in the relevant notice may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such amendment made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (12) Any such amendment must be made within the period mentioned in paragraph 6(5)(b) above.
But that is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making amendment).
### Compensating adjustment for guarantor company etc where paragraph 1B applies
##### 6D
- (1) This paragraph applies in any case where—
- (a) a company (“the issuing company”) has liabilities under a security issued by the company,
- (b) those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”), and
- (c) in computing the profits and losses of the issuing company for tax purposes, the amounts to be deducted in respect of interest or other amounts payable under the security fall to be reduced (whether or not to nil) under paragraph 1(2) above by virtue of paragraph 1B above.
- (2) On the making of a claim in any such case, the guarantor company shall, to the extent of that reduction, be treated for all purposes of the Taxes Acts as if it (and not the issuing company)—
- (a) had issued the security,
- (b) owed the liabilities under it, and
- (c) had paid any interest or other amounts paid under it by the issuing company,
and in computing the profits and losses of the guarantor company for those purposes amounts shall be brought into account accordingly.
This sub-paragraph is subject to the following provisions of this paragraph.
- (3) Where the issuing company’s liabilities under the security are the subject of two or more guarantees (whether or not provided by the same person) TD must not exceed TR, where—
- TD is the total of the amounts brought into account by the guarantor companies by virtue of sub-paragraph (2) above, and
- TR is the total amount of the reductions that fall within sub-paragraph (1)(c) above.
- (4) In this paragraph “*the loan provision*” means the actual provision made or imposed between—
- (a) the issuing company, and
- (b) another company (“the lending company”),
which is provision in relation to the security.
- (5) Where—
- (a) the guarantor company makes a claim under sub-paragraph (2) above, and
- (b) the lending company makes a claim under paragraph 6 above in respect of the loan provision,
sub-paragraphs (6) and (7) below apply.
- (6) In determining, in a case where this sub-paragraph applies, the arm’s length provision for the purposes of paragraph 6(2)(a) above in relation to the lending company’s claim, additional amounts shall be brought into account as credits corresponding to the debits that fall to be brought into account by virtue of sub-paragraph (2) above in relation to the guarantor company.
- (7) If, in a case where this sub-paragraph applies,—
- (a) the lending company makes its claim under paragraph 6 above before the guarantor company makes its claim under sub-paragraph (2) above, and
- (b) the computation on which the lending company’s claim is based does not comply with sub-paragraph (6) above,
the guarantor company’s claim shall be disallowed.
- (8) A claim under sub-paragraph (2) above may be made by—
- (a) the guarantor company,
- (b) where there are two or more guarantor companies, those companies acting together, or
- (c) the issuing company,
but any claim made by the issuing company shall be taken to be made on behalf of the guarantor company or companies.
- (9) Sub-paragraphs (3) to (6) of paragraph 6 above (claims and time limits) shall apply in relation to a claim under sub-paragraph (2) above made by or on behalf of any person or persons as they apply in relation to a claim under that paragraph made by the disadvantaged person, but taking references in those sub-paragraphs—
- (a) to the advantaged person, as references to the issuing company, and
- (b) to the disadvantaged person, as references to the guarantor company or companies.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (7) (construction of references to a guarantee);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
- (11) In this paragraph “*the Taxes Acts*” has the meaning given in section 118(1) of the Management Act.
### Certain interest not to be regarded as chargeable under Case III of Schedule D
##### 6E
Where—
- (a) interest is paid by any person under the actual provision,
- (b) paragraph 1(2) above applies in relation to the actual provision,
- (c) the amount of interest that would have been payable under the arm’s length provision is less than the amount of interest paid under the actual provision (or there would not have been any interest payable),
- (d) the person receiving the interest makes a claim under paragraph 6 above or a paragraph 6C claim,
the interest paid under the actual provision, to the extent that it exceeds the amount of interest that would have been payable under the arm’s length provision, shall not be regarded as chargeable under Case III of Schedule D or Chapter 2 of Part 4 of ITTOIA 2005.
### Adjustment of disadvantaged person’s double taxation relief
##### 7
- (1) Subject to sub-paragraph (4) below, where—
- (a) a claim is made for the purposes of paragraph 6 above, and
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision,
the assumptions specified in sub-paragraph (2) below shall apply, in the disadvantaged person’s case, as respects any credit for foreign tax which the disadvantaged person has been or may be given in pursuance of any double taxation arrangements or under section 790(1).
- (2) Those assumptions are—
- (a) that the foreign tax paid or payable by the disadvantaged person does not include any amount of foreign tax which would not be or have become payable were it to be assumed for the purposes of that tax that the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) that the amount of the relevant profits of the disadvantaged person in respect of which he is given credit for foreign tax does not include the amount (if any) by which his relevant profits are treated as reduced in accordance with paragraph 6 above.
- (3) Sub-paragraph (4) below applies if—
- (a) a claim is made for the purposes of paragraph 6 above;
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision;
- (c) the application of that basis in the computation of the disadvantaged person’s profits or losses for any chargeable period involves a reduction in the amount of any income; and
- (d) that income is also income that falls to be treated as reduced in accordance with section 811(1).
- (4) Where this sub-paragraph applies—
- (a) the reduction mentioned in sub-paragraph (3)(c) above shall be treated as made before any reduction under section 811(1); and
- (b) tax paid, in the place in which any income arises, on so much of that income as is represented by the amount of the reduction mentioned in sub-paragraph (3)(c) above shall be disregarded for the purposes of section 811(1).
- (5) Where, in a case in which a claim has been made for the purposes of paragraph 6 above, any adjustment is required to be made for the purpose of giving effect to any of the preceding provisions of this paragraph—
- (a) it may be made in any case by setting the amount of the adjustment against any relief or repayment to which the disadvantaged person is entitled in pursuance of that claim; and
- (b) nothing in the Tax Acts limiting the time within which any assessment is to be or may be made or amended shall prevent that adjustment from being so made.
- (6) References in this paragraph to relevant profits of the disadvantaged person are references to profits arising to the disadvantaged person from the carrying on of the relevant activities.
### Balancing payments between affected persons: no charge to, or relief from, tax
##### 7A
- (1) This paragraph applies where—
- (a) the circumstances are as described in paragraph 6(1) above,
- (b) one or more payments (the “balancing payments”) are made to the advantaged person by the disadvantaged person, and
- (c) the sole or main reason for making those payments is that paragraph 1(2) above applies.
- (2) To the extent that the balancing payments do not in the aggregate exceed the amount of the available compensating adjustment, those payments—
- (a) shall not be taken into account in computing profits or losses of either of the affected persons for the purposes of income tax or corporation tax, and
- (b) shall not for any of the purposes of the Corporation Tax Acts be regarded as distributions . . . .
- (3) In this paragraph “*the available compensating adjustment*” means the difference between PL1 and PL2 where—
- PL1 is the profits and losses of the disadvantaged person computed for tax purposes on the basis of the actual provision, and
- PL2 is the profits and losses of the disadvantaged person as they fall (or would fall) to be computed for tax purposes on a claim under paragraph 6 above,
### Securities: election to discharge tax liability instead of making balancing payments
##### 7B
- (1) This paragraph applies in any case where—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above, and
- (c) the actual provision is provision in relation to a security (the “relevant security”).
- (2) The disadvantaged person may make an election under this paragraph in respect of the relevant security if the condition in sub-paragraph (3) below is satisfied.
- (3) The condition is that—
- (a) the actual provision forms part of a capital market arrangement,
- (b) the capital market arrangement involves the issue of a capital market investment,
- (c) the securities that represent the capital market investment are issued wholly or mainly to independent persons (see sub-paragraph (9) below), and
- (d) the total value of the capital market investments made under the capital market arrangement is at least £50 million.
- (4) An election under this paragraph in respect of the relevant security is an election for the disadvantaged person—
- (a) to make no balancing payment within paragraph 7A above to the advantaged person in respect of the application of paragraph 1(2) above in relation to the relevant security in a chargeable period by virtue of paragraph 1A above, but
- (b) instead, to undertake sole responsibility for discharging the advantaged person’s liability to tax for that period so far as resulting from the application of paragraph 1(2) above in relation to the relevant security by virtue of paragraph 1A above.
- (5) Where an election under this paragraph has effect in relation to an accounting period of the advantaged person, the tax mentioned in sub-paragraph (4)(b) above—
- (a) shall be recoverable from the disadvantaged person as if it were an amount of corporation tax due and owing from that person, and
- (b) shall not be recoverable from the advantaged person.
- (6) Any election under this paragraph in respect of the relevant security—
- (a) must be made by being included (whether by amendment or otherwise) in the disadvantaged person’s company tax return for the chargeable period in which the relevant security is issued,
- (b) has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods, and
- (c) is irrevocable.
For the purposes of this sub-paragraph a security issued in a chargeable period beginning before 1st April 2004 shall be treated as if it had been issued in the chargeable period beginning on that date.
- (7) An election under this paragraph by a person is of no effect if the Board give that person a notice under this sub-paragraph refusing to accept the election.
- (8) A notice under sub-paragraph (7) above may be given only after a notice of enquiry in respect of the company tax return containing the election has been given to the disadvantaged person.
- (9) In this paragraph—
- “*capital market arrangement*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraph 1 of Schedule 2A to that Act);
- “*capital market investment*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 2 and 3 of Schedule 2A to that Act);
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*independent person*” means a person—who is not the disadvantaged person, andwho does not have a participatory relationship with either of the affected persons.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (8) (meaning of participatory relationship);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
### Balancing payments by guarantor to issuer: no charge to, or relief from, tax
##### 7C
- (1) This paragraph applies in any case where—
- (a) the circumstances are as described in paragraph 6D(1) above,
- (b) one or more payments (the “balancing payments”) are made by the guarantor company to the issuing company, and
- (c) the sole or main reasons for making those payments are that paragraph 1(2) above applies by virtue of paragraph 1B above or that paragraph 6D above applies.
- (2) To the extent that the balancing payments made by all the guarantor companies do not in the aggregate exceed the amount TR in paragraph 6D(3) above (total reductions within paragraph 6D(1)(c) above), those payments—
- (a) shall not be taken into account in computing for the purposes of corporation tax the profits or losses of the guarantor company or companies or the issuing company, and
- (b) shall not for any purpose of the Corporation Tax Acts be regarded as distributions . . . .
### Guarantees: election to discharge tax liability instead of making balancing payments
##### 7D
- (1) This paragraph applies where the following conditions are satisfied—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above,
- (c) the actual provision falls within paragraph 1B(1) above.
- (2) Sub-paragraphs (2) to (8) of paragraph 7B above apply in a case where this paragraph applies as they apply in a case where that paragraph applies, but with the modifications in sub-paragraphs (3) and (4) below.
- (3) The relevant security is the security in paragraph 1B(1)(a) above.
- (4) In sub-paragraph (4) (nature of the election)—
- (a) for “paragraph 7A above” substitute paragraph 7C below;
- (b) for “paragraph 1A”, in both places, substitute paragraph 1B.
### Foreign exchange gains and losses and financial instruments
##### 8
- (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule shall not require the amounts brought into account in any person’s case under—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in respect of exchange gains or losses from loan relationships (as defined in section 103(1A) and (1B) of that Act), or
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts) in respect of exchange gains and losses (as defined in paragraph 54 of that Schedule),
to be computed in that person’s case on the assumption that the arm’s length provision had been made or imposed instead of the actual provision.
- (3) Sub-paragraph (1) above shall not affect so much of paragraph 11A of Schedule 9 to the Finance Act 1996 (loan relationships: exchange gains or losses where loan not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if the whole or any part of a loan had not been made.
- (4) Sub-paragraph (1) above shall not affect so much of paragraph 27 of Schedule 26 to the Finance Act 2002 (derivative contracts: exchange gains or losses where derivative contract not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if a company were not party to a derivative contract or as if the terms of the contract to which it is party were different.
### Special rules for sales etc. of oil
##### 9
- (1) Subject to paragraph 10 below, this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil if—
- (a) the oil sold is oil which has been, or is to be, extracted under rights exercisable by a company (“the producer") which (although it may be the seller) is not the buyer; and
- (b) at the time of the sale not less than 20 per cent. of the producer’s ordinary share capital is owned directly or indirectly by one or more of the following, that is to say, the buyer and the companies (if any) that are linked to the buyer.
- (2) Where this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil, this Schedule shall have effect as respects that provision as if the buyer, the seller and (if it is not the seller) the producer were all controlled by the same person at the time of the making or imposition of that provision.
- (3) For the purposes of this paragraph two companies are linked if—
- (a) one is under the control of the other; or
- (b) both are under the control of the same person or persons.
- (4) For the purposes of this paragraph—
- (a) any question whether ordinary share capital is owned directly or indirectly by a company shall be determined as for section 838;
- (b) rights to extract oil shall be taken to be exercisable by a company even if they are exercisable by that company only jointly with one or more other companies; and
- (c) a sale of oil shall be deemed to take place at the time of the completion of the sale or when possession of the oil passes, whichever is the earlier.
- (5) In this paragraph “*oil*” includes any mineral oil or relative hydrocarbon, as well as natural gas.
### Transactions and deemed transactions involving oil
##### 10
This Schedule does not apply in relation to provision made or imposed by means of any transaction or deemed transaction in the case of which the price or consideration is determined in accordance with any of subsections (1) to (4) of section 493 (transactions and deemed transactions involving oil treated as made at market value).
### Special provision for companies carrying on ring fence trades
##### 11
- (1) This paragraph applies where any person (“the taxpayer") carries on as, or as part of, a trade any activities (“the ring fence trade") which, in accordance with section 492(1) above or section 16(1) of ITTOIA 2005 either—
- (a) fall to be treated for any tax purposes as a separate trade, distinct from all other activities carried on by him as part of the trade; or
- (b) would so fall if the taxpayer did carry on any other activities as part of that trade.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to paragraph 10 above and sub-paragraph (4) below, this Schedule shall have effect as respects any provision made or imposed by the taxpayer as between the ring fence trade and any other activities carried on by him as if—
- (a) that trade and those activities were carried on by two different persons;
- (b) that provision were made or imposed as between those two persons by means of a transaction;
- (c) a potential advantage in relation to United Kingdom taxation were conferred by that provision on each of those two persons; and
- (d) those two persons were both controlled by the same person at the time of the making or imposition of that provision; . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This Schedule shall apply in accordance with this paragraph in relation to any provision mentioned in sub-paragraph . . . (3) above only where the effect of its application in relation to that provision is either—
- (a) that a larger amount (including, if there would not otherwise have been profits, an amount of more than nil) is taken for tax purposes to be the amount of the profits of the ring fence trade for any chargeable period; or
- (b) that a smaller amount (including nil) is taken for tax purposes to be the amount for any chargeable period of any losses of that trade.
### Appeals
##### 12
- (1) In so far as the question in dispute on any appeal falling within sub-paragraph (2) below—
- (a) is or involves a determination of whether this Schedule has effect as respects any provision made or imposed as between any two persons, or of how it so has effect, and
- (b) is not a question that would fall to be determined by the Special Commissioners apart from this sub-paragraph,
that question shall be determined by them.
- (2) The appeals falling within this sub-paragraph are—
- (a) any appeal under section 31 of, or Schedule 1A to, the Management Act;
- (b) any appeal under paragraph 34(3) of Schedule 18 to the Finance Act 1998 against an amendment of a company’s return; and
- (c) any appeal under paragraph 48 of that Schedule against a discovery assessment or a discovery determination.
- (3) Sub-paragraph (4) below applies where—
- (a) any such question as is mentioned in sub-paragraph (1) above falls to be determined by the Special Commissioners for the purposes of any proceedings before them; and
- (b) that question relates to any provision made or imposed as between two persons each of whom is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (4) Where this sub-paragraph applies—
- (a) each of the persons as between whom the actual provision was made or imposed shall be entitled to appear and be heard by the Special Commissioners, or to make representations to them in writing;
- (b) the Special Commissioners shall determine that question separately from any other questions in those proceedings; and
- (c) their determination on that question shall have effect as if made in an appeal to which each of those persons was a party.
- (5) In this paragraph—
- “*discovery assessment*” means a discovery assessment under paragraph 41 of Schedule 18 to the Finance Act 1998 (including one by virtue of paragraph 52 of that Schedule); and
- “*discovery determination*” means a discovery determination under paragraph 41 of that Schedule.
### Saving for the provisions relating to capital allowances and capital gains
##### 13
- (1) Nothing in this Schedule shall be construed as affecting—
- (a) the computation of the amount of any capital allowance or balancing charge made under the Capital Allowances Act; or
- (b) the computation in accordance with the 1992 Act of the amount of any chargeable gain or allowable loss;
and nothing in this Schedule shall require the profits or losses of any person to be computed for tax purposes as if, in his case, instead of income or losses falling to be brought into account in connection with the taxation of income, there were gains or losses falling to be brought into account in accordance with the 1992 Act.
- (2) Nothing in sub-paragraph (1) above applies to paragraph 6 above.
### General interpretation etc.
##### 14
- (1) In this Schedule—
- “*the actual provision*” and “*the affected persons*” shall be construed in accordance with paragraph 1(1) above;
- “*the arm*”s length provision’ shall be construed in accordance with paragraph 1(2) and (3) above;
- “*double taxation arrangements*” means arrangements having effect by virtue of section 788;
- “*foreign tax*” means any tax under the law of a territory outside the United Kingdom or any amount which falls for the purposes of any double taxation arrangements to be treated as if it were such tax;
- “*insurance company*” has the same meaning as in Chapter I of Part XII;
- “*losses*” includes amounts which are not losses but in respect of which relief may be given in accordance with any of the following enactments—section 75(9) (excess of management expenses);section 468L(5) (allowance for interest distributions of a unit trust);Part X (loss relief and group relief);section 83 of and Schedule 8 to the Finance Act 1996 or paragraph 4 of Schedule 11 to that Act (deficits on loan relationships);
- “*medium-sized enterprise*” shall be construed in accordance with paragraph 5D above;
- “*non-qualifying territory*” has the meaning given by paragraph 5E above;
- “*paragraph 6C claim*” has the meaning given by paragraph 6C(2) above;
- “*profits*” includes income;
- “*qualifying territory*” has the meaning given by paragraph 5E above;
- “*the relevant activities*”, in relation to a person who is one of the persons as between whom any provision is made or imposed, means such of his activities as—comprise the activities in the course of which, or with respect to which, that provision is made or imposed; andare not activities carried on either separately from those activities or for the purposes of a different part of that person’s business;
- “*small enterprise*” shall be construed in accordance with paragraph 5D above;
- “*transaction*” and “*series of transactions*” shall be construed in accordance with paragraph 3 above.
- (2) Without prejudice to paragraphs 9(2) and 11(3) above, references in this Schedule to a person controlling a body corporate or a partnership shall be construed in accordance with section 840.
- (3) In determining for the purposes of this Schedule whether a person has an entitlement, in pursuance of any double taxation arrangements or under section 790(1), to be given credit for foreign tax, any requirement that a claim is made before such a credit is given shall be disregarded.
- (4) Any adjustments required to be made by virtue of this Schedule may be made by way of discharge or repayment of tax, by the modification of any assessment or otherwise.
- (5) This Schedule shall have effect as if—
- (a) a unit trust scheme were a company that is a body corporate;
- (b) the rights of the unit holders under such a scheme were shares in the company that the scheme is deemed to be;
- (c) rights and powers of a person in the capacity of a person entitled to act for the purposes of the scheme were rights and powers of the scheme; and
- (d) provision made or imposed as between any person in such a capacity and another person were made or imposed as between the scheme and that other person.
## SCHEDULE 28AB
### Introductory
##### 1
- (1) A scheme or arrangement, other than a scheme or arrangement falling within sub-paragraph (3), is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 apply to it.
- (2) A scheme or arrangement falling within sub-paragraph (3) is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 would, on the assumption in sub-paragraph (4), apply to it.
- (3) A scheme or arrangement falls within this sub-paragraph if its main purpose, or one of its main purposes, is to cause an amount of underlying tax allowable in respect of a dividend paid by a body corporate resident in a territory outside the United Kingdom to be taken into account in the case of a person.
- (4) The assumption is that the body corporate is resident in the United Kingdom.
- (5) Nothing in sub-paragraph (4) requires it to be assumed that there is any change in the place or places at which the body corporate carries on its activities.
### Attribution of foreign tax
##### 2
This paragraph applies to a scheme or arrangement if the scheme or arrangement enables a person who is party to, or concerned in, the scheme or arrangement to pay, in respect of a source of income or chargeable gain, an amount of foreign tax all or part of which is properly attributable to another source of income or chargeable gain (or to more than one such other source).
### Effect of paying foreign tax
##### 3
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax (“*the claimant*”).
- (2) This sub-paragraph is satisfied if—
- (a) an amount of foreign tax is paid by the claimant, and
- (b) at the time when the claimant entered into the scheme or arrangement, it could reasonably be expected that the effect of the payment of that amount of foreign tax on the foreign tax total would be to increase it by less than the amount allowable to the claimant as a credit in respect of the payment of that amount of foreign tax.
- (3) The foreign tax total is the amount found by—
- (a) aggregating the amounts of foreign tax paid or payable in respect of the transaction or transactions forming part of the scheme or arrangement by persons party to, or concerned in, the scheme or arrangement, and
- (b) taking into account any reliefs, deductions, reductions or allowances against or in respect of any tax that arise to the persons party to, or concerned in, the scheme or arrangement (including any reliefs, deductions, reductions or allowances arising to any one or more of those persons as a consequence of the payment by the claimant of that amount of foreign tax).
### Effect of claim, election or other arrangement
##### 4
- (1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
- (a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
- (b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
- (2) The steps mentioned in sub-paragraph (1) are steps that may be made—
- (a) under the law of any territory, or
- (b) under arrangements made in relation to any territory.
- (3) The steps mentioned in sub-paragraph (1) include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
- (b) making elections for tax purposes.
### Effect attributable to scheme or arrangement
##### 5
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax.
- (2) This sub-paragraph is satisfied if amount A is less than amount B.
- (3) Amount A is the amount of United Kingdom taxes payable by the person in respect of income and chargeable gains arising in the chargeable period.
- (4) Amount B is the amount of United Kingdom taxes that would be payable by the person in respect of income and chargeable gains arising in the chargeable period if, in determining that amount, the transactions forming part of the scheme or arrangement were disregarded.
### Tax deductible payments
##### 6
- (1) This paragraph applies to a scheme or arrangement if the scheme or arrangement includes—
- (a) the making by a person (“A”) of a relevant payment or payments, and
- (b) the giving, in respect of that payment or payments, of consideration that satisfies the requirements of sub-paragraph (3).
- (2) A payment made by A is a relevant payment if all or part of it may be brought into account in computing A's income for the purposes of United Kingdom taxes.
- (3) Consideration given in respect of a payment or payments made by A satisfies the requirements of this sub-paragraph if—
- (a) all or part of it consists of a payment or payments made to A or a person connected with A, and
- (b) tax is chargeable in respect of the payment or payments under the law of a territory outside the United Kingdom.
- (4) In this paragraph references to a payment include references to a transfer of money's worth.
- (5) Section 839 applies for the purposes of this paragraph.
## SCHEDULE 28B
### Introductory
##### 1
- (1) This Schedule applies, where any shares in or securities of any company (“the relevant company”) are at any time held by another company (“the trust company”), for determining whether and to what extent those shares or securities (“the relevant holding”) are, for the purposes of section 842AA, to be regarded as at that time comprised in the trust company’s qualifying holdings.
- (2) The relevant holding shall be regarded as comprised in the trust company’s qualifying holdings at any time if—
- (a) all the requirements of the following provisions of this Schedule are satisfied at that time in relation to the relevant company and the relevant holding; and
- (b) the relevant holding consists of shares or securities which were first issued by the relevant company to the trust company and have been held by the trust company ever since.
- (3) Subject to paragraph 6(3) below, where the requirements of paragraph 6 or 7 below would be satisfied as to only part of the money raised by the issue of the relevant holding and that holding is not otherwise capable of being treated as comprising separate holdings, this Schedule shall have effect in relation to that holding as if it were two holdings consisting of—
- (a) a holding from which that part of the money was raised; and
- (b) a holding from which the remainder was raised;
and section 842AA shall have effect as if the value of the holding were to be apportioned accordingly between the two holdings which are deemed to exist in pursuance of this sub-paragraph.
### Requirement that company must be unquoted company
##### 2
- (1) The requirement of this paragraph is that the relevant company (whether or not it is resident in the United Kingdom) must be an unquoted company.
- (2) In this paragraph “*unquoted company*” means a company none of whose shares, stocks, debentures or other securities is marketed to the general public.
- (3) For the purposes of this paragraph shares, stocks, debentures or other securities are marketed to the general public if they are—
- (a) listed on a recognised stock exchange,
- (b) listed on a designated exchange in a country outside the United Kingdom, or
- (c) dealt in on the Unlisted Securities Market or dealt in outside the United Kingdom by such means as may be designated.
- (4) In sub-paragraph (3) above “*designated*” means designated by an order made by the Board for the purposes of that sub-paragraph; and an order made for the purposes of paragraph (b) of that sub-paragraph may designate an exchange by name, or by reference to any class or description of exchanges, including a class or description framed by reference to any authority or approval given in a country outside the United Kingdom.
- (5) Section 828(1) does not apply to an order made for the purposes of sub-paragraph (3) above.
- (6) Where a company any shares in or securities of which are included in the qualifying holdings of the trust company ceases at any time while the trust company is approved as a venture capital trust to be an unquoted company, the requirements of this paragraph shall be deemed, in relation to shares or securities acquired by the trust company before that time, to continue to be satisfied for a period of five years after that time.
### Requirements as to company’s business
##### 3
- (1) The requirements of this paragraph are as follows.
- (2) The relevant company must be one of the following, that is to say—
- (a) a company which exists wholly for the purpose of carrying on one or more qualifying trades or which so exists apart from purposes capable of having no significant effect (other than in relation to incidental matters) on the extent of the company’s activities; or
- (aa) the parent company of a trading group.
- (3) Subject to sub-paragraph (4) below, when the relevant holding was issued and at all times since, a qualifying company (whether or not the same such company at every such time) must have been either—
- (a) carrying on a qualifying trade wholly or mainly in the United Kingdom; or
- (b) preparing to carry on a qualifying trade which at the time when the relevant holding was issued was intended to be carried on wholly or mainly in the United Kingdom by a qualifying company,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The requirements of sub-paragraph (3) above shall not be capable of being satisfied by virtue of paragraph (b) of that sub-paragraph at any time after the end of the period of two years beginning with the issue of the relevant holding unless—
- (a) the intended trade was begun to be carried on by a qualifying company before the end of that period, and
- (b) at all times since the end of that period, a qualifying company (whether or not the same such company at every such time) has been carrying on a qualifying trade wholly or mainly in the United Kingdom.
- (5) The requirements of that sub-paragraph shall also be incapable of being so satisfied at any time after the abandonment, within the period mentioned in sub-paragraph (4) above, of the intention in question.
- (5A) In sub-paragraphs (3) and (4) above, “*qualifying company*” means the relevant company or any relevant qualifying subsidiary of that company.
- (5B) In determining for the purposes of sub-paragraph (4)(a) above when the intended trade was begun to be carried on by a qualifying company which is a relevant qualifying subsidiary of the relevant company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary of the relevant company.
- (6) For the purposes of this paragraph a company is the parent company of a trading group if—
- (a) it has one or more subsidiaries;
- (b) each of its subsidiaries is a qualifying subsidiary of the company; and
- (c) the requirements of sub-paragraph (7) below are fulfilled by what would be the business of the company and its qualifying subsidiaries if all the activities, taken together, of the company and its qualifying subsidiaries were regarded as one business.
- (7) A business fulfils the requirements of this sub-paragraph if neither the business nor a substantial part of it consists in, or in either of, the following, that is to say—
- (a) activities falling within paragraph 4(2)(a) to (f) below but not within sub-paragraph (8) below; and
- (b) activities carried on otherwise than in the course of a trade.
- (8) The activities falling within this sub-paragraph are—
- (a) the receiving of royalties or licence fees in circumstances where the requirement mentioned in paragraph 4(5) below is satisfied in relation to the company receiving them;
- (b) the letting of ships, other than offshore installations or pleasure craft, on charter in circumstances where the requirements mentioned in paragraphs (a) to (d) of paragraph 4(7) below are satisfied in relation to the company so letting them.
- (9) Activities of a company or of any of its qualifying subsidiaries shall be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the holding of shares in or securities of, or the making of loans to, one or more of the company’s qualifying subsidiaries; or
- (b) the holding and managing of property used by the company or any of its qualifying subsidiaries for the purposes of—
- (i) research and development from which it is intended that a qualifying trade to be carried on by the company or any of its qualifying subsidiaries will be derived; or
- (ii) one or more qualifying trades so carried on.
- (10) Activities of a qualifying subsidiary of a company shall also be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the making of loans to the company; or
- (b) in the case of a mainly trading subsidiary, activities carried on in pursuance of its insignificant purposes (within the meaning given by sub-paragraph (11) below).
- (11) In sub-paragraph (10) above “*mainly trading subsidiary*” means a qualifying subsidiary which, apart from purposes (“*its insignificant purposes*”) which are capable of having no significant effect (other than in relation to incidental matters) on the extent of its activities, exists wholly for the purpose of carrying on one or more qualifying trades.
### Meaning of “qualifying trade”
##### 4
- (1) For the purposes of this Schedule—
- (a) a trade is a qualifying trade if it is a trade complying with this paragraph; and
- (b) the carrying on of any activities of research and development from which it is intended that there will be derived a trade that—
- (i) will comply with this paragraph, and
- (ii) will be carried on wholly or mainly in the United Kingdom,
shall be treated as the carrying on of a qualifying trade.
- (2) Subject to sub-paragraphs (3) to (9) below, a trade complies with this paragraph if neither that trade nor a substantial part of it consists in one or more of the following activities, that is to say—
- (a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;
- (b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
- (c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
- (d) leasing (including letting ships on charter or other assets on hire) or receiving royalties or licence fees;
- (e) providing legal or accountancy services;
- (ea) property development;
- (eb) farming or market gardening;
- (ec) holding, managing or occupying woodlands, any other forestry activities or timber production;
- (ed) operating or managing hotels or comparable establishments, or managing property used as an hotel or comparable establishment;
- (ee) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home;
- (f) providing services or facilities for any such trade carried on by another person (not being a company of which the company providing the services or facilities is a subsidiary) as—
- (i) consists, to a substantial extent, in activities within any of paragraphs (a) to (ee) above; and
- (ii) is a trade in which a controlling interest is held by a person who also has a controlling interest in the trade carried on by the company providing the services or facilities.
- (3) For the purposes of sub-paragraph (2)(b) above—
- (a) a trade of wholesale distribution is one in which the goods are offered for sale and sold to persons for resale by them, or for processing and resale by them, to members of the general public for their use or consumption;
- (b) a trade of retail distribution is one in which the goods are offered for sale and sold to members of the general public for their use or consumption; and
- (c) a trade is not an ordinary trade of wholesale or retail distribution if—
- (i) it consists, to a substantial extent, in dealing in goods of a kind which are collected or held as an investment, or in that activity and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above, taken together; and
- (ii) a substantial proportion of those goods are held by the company for a period which is significantly longer than the period for which a vendor would reasonably be expected to hold them while endeavouring to dispose of them at their market value.
- (3A) For the purposes of this Schedule the activities of a person shall not be taken to fall within paragraph (ed) or (ee) of sub-paragraph (2) above except where that person has an estate or interest in, or is in occupation of, the hotels or comparable establishments or, as the case may be, the nursing homes or residential care homes.
- (4) In determining for the purposes of this paragraph whether a trade carried on by any person is an ordinary trade of wholesale or retail distribution, regard shall be had to the extent to which it has the following features, that is to say—
- (a) the goods are bought by that person in quantities larger than those in which he sells them;
- (b) the goods are bought and sold by that person in different markets;
- (c) that person employs staff and incurs expenses in the trade in addition to the cost of the goods and, in the case of a trade carried on by a company, to any remuneration paid to any person connected with it;
- (d) there are purchases or sales from or to persons who are connected with that person;
- (e) purchases are matched with forward sales or vice versa;
- (f) the goods are held by that person for longer than is normal for goods of the kind in question;
- (g) the trade is carried on otherwise than at a place or places commonly used for wholesale or retail trade;
- (h) that person does not take physical possession of the goods;
and for the purposes of this sub-paragraph the features specified in paragraphs (a) to (c) above shall be regarded as indications that the trade is such an ordinary trade and those in paragraphs (d) to (h) above shall be regarded as indications of the contrary.
- (5) A trade shall not be treated as failing to comply with this paragraph by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.
- (6) For this purpose an intangible asset is a “*relevant intangible asset*” if the whole or greater part (in terms of value) of it has been created—
- (a) by the company carrying on the trade, or
- (b) by a company which at all times during which it created the intangible asset was—
- (i) the parent company of the company carrying on the trade, or
- (ii) a qualifying subsidiary of that parent company.
- (6A) In the case of a relevant asset that is intellectual property, references in sub-paragraph (6) above to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).
- (6B) For the purposes of sub-paragraphs (5) to (6A) above “*intangible asset*” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6C) For the purposes of sub-paragraph (6) above
- (a) “*parent company*” means a company that—
- (i) has one or more 51% subsidiaries, but
- (ii) is not itself a 51% subsidiary of another company; and
- (b) paragraph 10 below (meaning of “*qualifying subsidiary*”) shall apply as if the references in that paragraph to the relevant company were references to the parent company referred to in sub-paragraph (6)(b) above.
- (6D) For the purposes of sub-paragraph (6A) above “*intellectual property*” means—
- (a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and
- (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a) above.
- (7) A trade shall not be treated as failing to comply with this paragraph by reason only of its consisting in letting ships, other than offshore installations or pleasure craft, on charter if—
- (a) every ship let on charter by the company carrying on the trade is beneficially owned by the company;
- (b) every ship beneficially owned by the company is registered in the United Kingdom;
- (c) the company is solely responsible for arranging the marketing of the services of its ships; and
- (d) the conditions mentioned in sub-paragraph (8) below are satisfied in relation to every letting of a ship on charter by the company;
but where any of the requirements mentioned in paragraphs (a) to (d) above are not satisfied in relation to any lettings, the trade shall not thereby be treated as failing to comply with this paragraph if those lettings and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above do not, when taken together, amount to a substantial part of the trade.
- (8) The conditions are that—
- (a) the letting is for a period not exceeding 12 months and no provision is made at any time (whether in the charterparty or otherwise) for extending it beyond that period otherwise than at the option of the charterer;
- (b) during the period of the letting there is no provision in force (whether by virtue of being contained in the charterparty or otherwise) for the grant of a new letting to end, otherwise than at the option of the charterer, more than 12 months after that provision is made;
- (c) the letting is by way of a bargain made at arm’s length between the company and a person who is not connected with it;
- (d) under the terms of the charter the company is responsible as principal—
- (i) for taking, throughout the period of the charter, management decisions in relation to the ship, other than those of a kind generally regarded by persons engaged in trade of the kind in question as matters of husbandry; and
- (ii) for defraying all expenses in connection with the ship throughout that period, or substantially all such expenses, other than those directly incidental to a particular voyage or to the employment of the ship during that period;
and
- (e) no arrangements exist by virtue of which a person other than the company may be appointed to be responsible for the matters mentioned in paragraph (d) above on behalf of the company;
but this sub-paragraph shall have effect, in relation to any letting between one company and another where one of those companies is the relevant company and the other is a qualifying subsidiary of that company, or where both companies are qualifying subsidiaries of the relevant company, as if paragraph (c) were omitted.
- (9) A trade shall not comply with this paragraph unless it is conducted on a commercial basis and with a view to the realisation of profits.
### Provisions supplemental to paragraph 4
##### 5
- (1) In paragraph 4 above—
- “*film*” means an original master negative of a film, an original master film disc or an original master film tape;
- “*nursing home*” means any establishment which exists wholly or mainly for the provision of nursing care for persons suffering from sickness, injury or infirmity or for women who are pregnant or have given birth to children;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*pleasure craft*” means any ship of a kind primarily used for sport or recreation;
- “*property development*” means the development of land—by a company which has, or at any time has had, an interest in the land, andwith the sole or main object of realising a gain from the disposal of an interest in the land when it is developed;
- “*research and development*” has the meaning given by section 837A;
- “*residential care home*” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care by reason of old age, mental or physical disabilities, past or present dependence on alcohol or drugs or any past illnesses or past or present mental disorders; and
- “*sound recording*”, in relation to a film, means its sound track, original master audio disc or original master audio tape.
- (2) For the purposes of paragraph 4 above, in the case of a trade carried on by a company, a person has a controlling interest in that trade if—
- (a) he controls the company;
- (b) the company is a close company and he or an associate of his, being a director of the company, either—
- (i) is the beneficial owner of more than 30 per cent. of the ordinary share capital of the company, or
- (ii) is able, directly or through the medium of other companies or by any other indirect means, to control more than 30 per cent. of that share capital;
or
- (c) not less than half of the trade could, in accordance with section 344(2), be regarded as belonging to him for the purposes of section 343;
and, in any other case, a person has a controlling interest in a trade if he is entitled to not less than half of the assets used for, or of the income arising from, the trade.
- (3) For the purposes of sub-paragraph (2) above there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (4) References in paragraph 4 above or this paragraph to a trade, except the references in paragraph 4(2)(f) to the trade for which services or facilities are provided, shall be construed without reference to so much of the definition of trade in section 832(1) as relates to adventures or concerns in the nature of trade; and those references in paragraph 4(2)(f) above to a trade shall have effect, in relation to cases in which what is carried on is carried on by a person other than a company, as including references to any business, profession or vocation.
- (5) In this paragraph—
- “*associate*” has the meaning given in subsections (3) and (4) of section 417, except that in those subsections, as applied for the purposes of this paragraph, “*relative*” shall not include a brother or sister; and
- “*director*” shall be construed in accordance with subsection (5) of that section;
- “*interest in land*” means (subject to sub-paragraph (6) below)—any estate, interest or right in or over land, including any right affecting the use or disposition of land; orany right to obtain such an estate, interest or right from another which is conditional on the other’s ability to grant the estate, interest or right.
- (6) References in paragraph 4 above, in relation to an hotel, to a comparable establishment are references to a guest house, hostel or other establishment the main purpose of maintaining which is the provision of facilities for overnight accommodation (whether with or without catering services).
- (7) References in this paragraph to an interest in land do not include references to—
- (a) the interest of a creditor (other than a creditor in respect of a rentcharge) whose debt is secured by way of mortgage, an agreement for a mortgage or a charge of any kind over land; or
- (b) in the case of land in Scotland, the interest of a creditor in a charge or security of any kind over land.
### Meaning of “relevant qualifying subsidiary”
##### 5A
- (1) For the purposes of this Schedule, a company (“the subsidiary”) is a relevant qualifying subsidiary of the relevant company at any time when it falls within sub-paragraph (2) below.
- (2) The subsidiary falls within this sub-paragraph if—
- (a) the relevant company possesses not less than 90 per cent. of the issued share capital of, and not less than 90 per cent. of the voting power in, the subsidiary;
- (b) the relevant company would—
- (i) in the event of a winding up of the subsidiary, or
- (ii) in any other circumstances,
be beneficially entitled to receive not less than 90 per cent. of the assets of the subsidiary which would then be available for distribution to the equity holders of the subsidiary;
- (c) the relevant company is beneficially entitled to not less than 90 per cent. of any profits of the subsidiary which are available for distribution to the equity holders of the subsidiary;
- (d) no person other than the relevant company has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which any of the conditions in paragraphs (a) to (d) above would cease to be met.
- (3) Sub-paragraphs (4) to (4C) and (5) of paragraph 10 below apply in relation to sub-paragraph (2) of this paragraph as they apply in relation to sub-paragraph (3) of that paragraph, but with the following modification.
- (4) That modification is that sub-paragraph (5) of that paragraph is to be read as if the words “or (as the case may be) by another subsidiary of that company” were omitted.
- (5) For the purposes of this paragraph—
- (a) the persons who are equity holders of the subsidiary, and
- (b) the percentage of the assets of the subsidiary to which an equity holder would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18.
- (6) But in making that determination—
- (a) references in paragraph 3 of that Schedule to the first company are to be read as references to an equity holder, and
- (b) references in that paragraph to a winding up are to be read as including references to any other circumstances in which assets of the subsidiary are available for distribution to its equity holders.
### Requirements as to the money raised by the investment in question
##### 6
- (1) The requirements of this paragraph are that either—
- (a) at least 80% of the money raised by the issue of the relevant holding must—
- (i) have been employed wholly for the purposes of the trade by reference to which the requirements of paragraph 3(3) above are satisfied; or
- (ii) be money which is intended to be employed wholly for the purposes of that trade; or
- (b) all of the money so raised must have been employed as mentioned in paragraph (a)(i) above.
- (2) For the purposes of this Schedule—
- (a) the requirements of sub-paragraph (1) above shall not be capable of being satisfied by virtue of paragraph (a)(ii) of that sub-paragraph at any time after 12 months have expired from the trading time, and
- (b) the requirements of that sub-paragraph shall not be capable of being satisfied by virtue of paragraph (a)(i) of that sub-paragraph at any time after 24 months have expired from the trading time.
- (2AA) In sub-paragraph (2) above, “*the trading time*” means whichever is applicable of the following—
- (a) in a case where the requirements of sub-paragraph (3) of paragraph 3 above were satisfied in relation to the time when the relevant holding was issued by virtue of paragraph (a) of that sub-paragraph, that time; and
- (b) in a case where they were satisfied in relation to that time by virtue of paragraph (b) of that sub-paragraph, the time when the condition in paragraph 3(4)(a) above was satisfied.
- (2AB) The requirements of this paragraph are not satisfied if either of the following, namely—
- (a) the trade by reference to which the requirements of paragraph 3(3) above are satisfied, and
- (b) any preparations for that trade falling within paragraph 3(3)(b) above,
are carried on, at any time after the issue of the relevant holding, by a person other than the relevant company or a relevant qualifying subsidiary of that company.
- (2AC) Sub-paragraph (2AD) below applies where preparations mentioned in sub-paragraph (2AB)(b) above are carried on by the relevant company or a relevant qualifying subsidiary of that company at any time after the issue of the relevant holding.
- (2AD) Where this sub-paragraph applies, the requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above by a person other than—
- (a) the relevant company, or
- (b) a qualifying subsidiary of that company,
at any time after the issue of the relevant holding but before the relevant company or any relevant qualifying subsidiary of that company carries on that trade.
- (2AE) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above—
- (a) by the partners in a partnership of which the relevant company, or a relevant qualifying subsidiary of that company, is a member, or
- (b) by the parties to a joint venture to which the relevant company, or a relevant qualifying subsidiary of that company, is a party.
- (2AF) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied if—
- (a) by reason only of anything done as a consequence of the relevant company or any other company being in administration or receivership, or
- (b) by reason only of the relevant company or any other company being wound up or dissolved without winding up,
the trade mentioned in sub-paragraph (2AB)(a) above ceases to be carried on by the relevant company or a relevant qualifying subsidiary of that company and is subsequently carried on by a person who has not been connected, at any time after the date which is one year before the issue of the relevant holding, with the relevant company.
- (2AG) Sub-paragraph (2AF) above applies only if (as the case may be)—
- (a) the entry into administration or receivership and everything done as a consequence of the company concerned being in administration or receivership, or
- (b) the winding up or dissolution,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (2AH) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (2AF) and (2AG) above as it applies for the purpose of that paragraph.
- (3) For the purposes of this paragraph money shall not be treated as employed otherwise than wholly for the purposes of a trade if the only amount employed for other purposes is an amount which is not a significant amount; and nothing in paragraph 1(3) above shall require any money whose use is disregarded by virtue of this sub-paragraph to be treated as raised by a different holding.
- (4) References in this paragraph to employing money for the purposes of a trade shall include references to employing it for the purpose of preparing for the carrying on of the trade.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement imposing a maximum on qualifying investments in the relevant company
##### 7
- (1) The requirement of this paragraph is that the relevant holding did not, when it was issued, represent an investment in excess of the maximum qualifying investment for the relevant period.
- (2) Subject to sub-paragraph (4) below, the maximum qualifying investment for any period is exceeded to the extent that the aggregate amount of money raised in that period by the issue to the trust company during that period of shares in or securities of the relevant company exceeds £1 million.
- (3) Any question for the purposes of this paragraph as to whether any shares in or securities of the relevant company which are for the time being held by the trust company represent an investment in excess of the maximum qualifying investment for any period shall be determined on the assumption, in relation to disposals by the trust company, that, as between shares or securities of the same description, those representing the whole or any part of the excess are disposed of before those which do not.
- (4) Where—
- (a) at the time of the issue of the relevant holding the relevant company or any of its qualifying subsidiaries was a member of a partnership or a party to a joint venture,
- (b) the trade by virtue of which the requirements of paragraph 3(3) above are satisfied was at that time being carried on, or to be carried on, by those partners in partnership or by the parties to the joint venture as such, and
- (c) the other partners or parties to the joint venture include at least one other company,
this paragraph shall have effect in relation to the relevant company as if the sum of money for the time being specified in sub-paragraph (2) above were to be divided by the number of companies (including the relevant company) which, at the time when the relevant holding was issued, were members of the partnership or, as the case may be, parties to the joint venture.
- (5) For the purposes of this paragraph the relevant period is the period beginning with whichever is the earlier of—
- (a) the time six months before the issue of the relevant holding; and
- (b) the beginning of the year of assessment in which the issue of that holding took place.
### Requirement as to the assets of the relevant company
##### 8
- (1) The requirement of this paragraph is that the value of the relevant assets—
- (a) did not exceed £7 million immediately before the issue of the relevant holding; and
- (b) did not exceed £8 million immediately afterwards.
- (2) Subject to sub-paragraph (3) below, the reference in sub-paragraph (1) above to the value of the relevant assets is a reference—
- (a) in relation to a time when the relevant company did not have any qualifying subsidiaries, to the value of the gross assets of that company at that time; and
- (b) in relation to any other time, to the aggregate value at that time of the gross assets of all the companies in the relevant company’s group.
- (3) For the purposes of this paragraph assets of any member of the relevant company’s group that consist in rights against, or in shares in or securities of, another member of the group shall be disregarded.
- (4) In this paragraph references, in relation to any time, to the relevant company’s group are references to the relevant company and its qualifying subsidiaries at that time.
### Requirements as to the subsidiaries etc. of the relevant company
##### 9
- (1) The requirements of this paragraph are that . . . the relevant company must not be—
- (a) a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
- (b) a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying subsidiary”
##### 10
- (1) Subject to the following provisions of this paragraph, a company is a qualifying subsidiary of the relevant company for the purposes of this Schedule if—
- (a) the company in question (“the subsidiary”), and
- (b) where the relevant company has more than one subsidiary, every other subsidiary of the relevant company,
is a company falling within sub-paragraph (3) below.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The subsidiary falls within this sub-paragraph if—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ca) the subsidiary is a 51 per cent. subsidiary of the relevant company;
- (d) no person other than the relevant company or another of its subsidiaries has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which either of the conditions in paragraphs (ca) and (d) above would cease to be met.
- (4) The subsidiary shall not be regarded, at a time when it or any other company is being wound up, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . —
- (a) . . . it would fall within that sub-paragraph apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (4A) Sub-paragraph (4B) below applies at a time when the subsidiary or any other company is in administration or receivership.
- (4B) The subsidiary shall not be regarded, by reason only of anything done as a consequence of the company concerned being in administration or receivership, as having ceased to be a company falling within sub-paragraph (3) above if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (4C) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (4A) and (4B) above as it applies for the purpose of that paragraph.
- (5) The subsidiary shall not be regarded, at any time when arrangements are in existence for the disposal by the relevant company, or (as the case may be) by another subsidiary of that company, of all its interest in the subsidiary in question, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . the disposal is to be for bona fide commercial reasons and is not to be part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement as to property managing subsidiaries
##### 10ZA
- (1) The requirement of this paragraph is that the relevant company must not have a property managing subsidiary which is not a relevant qualifying subsidiary of the relevant company.
- (2) “*Property managing subsidiary*” means a qualifying subsidiary of the relevant company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
- (3) In sub-paragraph (2) above, “*land*” and “*property deriving its value from land*” have the same meaning as in section 776.
### Requirement that securities should not relate to a guaranteed loan
##### 10A
- (1) The requirement of this paragraph is that there are no securities relating to a guaranteed loan in the relevant holding.
- (2) For the purposes of this paragraph a security relates to a guaranteed loan if (and only if) there are arrangements for the trust company to be or become entitled, in the event of a failure by any person to comply with—
- (a) the terms of the loan to which the security relates, or
- (b) the terms of the security,
to receive anything (whether directly or indirectly) from a third party.
- (3) For the purposes of sub-paragraph (2) above it shall be immaterial whether the arrangements apply in all cases of a failure to comply or only in certain such cases.
- (4) For the purposes of this paragraph “*third party*” means any person except—
- (a) the relevant company; and
- (b) if the relevant company is the parent company of a trading group for the purposes of paragraph 3 above, the subsidiaries of the relevant company.
### Requirement that a proportion of the holding in each company must be eligible shares
##### 10B
- (1) The requirement of this paragraph is that eligible shares represent at least 10 per cent. by value of the totality of the shares in or securities of the relevant company (including the relevant holding) which are held by the trust company.
- (2) For the purposes of this paragraph the value at any time of any shares in or securities of a company shall be taken (subject to sub-paragraph (4) below) to be their value immediately after—
- (a) any relevant event occurring at that time; or
- (b) where no relevant event occurs at that time, the last relevant event to occur before that time.
- (3) In sub-paragraph (2) above “*relevant event*”, in relation to any shares in or securities of the relevant company, means—
- (a) the acquisition by the trust company of those shares or securities;
- (b) the acquisition by the trust company of any other shares in or securities of the relevant company which—
- (i) are of the same description as those shares or securities, and
- (ii) are acquired otherwise than by virtue of being allotted to the trust company without that company’s becoming liable to give any consideration;
or
- (c) the making of any such payment in discharge, in whole or in part, of any obligation attached to any shares in or securities of the relevant company held by the trust company as (by discharging that obligation) increases the value of any such shares or securities.
- (4) If at any time the value of any shares or securities held by the trust company is less than the amount of the consideration given by the trust company for those shares or securities, it shall be assumed for the purposes of this paragraph that the value of those shares or securities at that time is equal to the amount of that consideration.
- (5) In this paragraph “*eligible shares*” has the same meaning as in section 842AA.
### Acquisitions for restructuring purposes
##### 10C
- (1) This paragraph applies where—
- (a) arrangements are made for a company (“*the new company*”) to acquire all the shares (“*old shares*”) in another company (“*the old company*”);
- (b) the acquisition provided for by the arrangements falls within sub-paragraph (2) below; and
- (c) the Board have, before any exchange of shares takes place under the arrangements, given an approval notification.
- (2) An acquisition of shares falls within this sub-paragraph if—
- (a) the consideration for the old shares consists wholly of the issue of shares (“*new shares*”) in the new company;
- (b) new shares are issued in consideration of old shares only at times when there are no issued shares in the new company other than subscriber shares and new shares previously issued in consideration of old shares;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description; and
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of, and in proportion to, their holdings.
- (3) For the purposes of sub-paragraph (1)(c) above an approval notification is one which, on an application by either the old company or the new company, is given to the applicant company and states that the Board are satisfied that the exchange of shares under the arrangements—
- (a) will be effected for bona fide commercial reasons; and
- (b) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (4) If the requirements of paragraph 3 above were satisfied in relation to the old company and any old shares immediately before the beginning of the period for giving effect to the arrangements, then (to the extent that it would not otherwise be the case) those requirements shall be deemed to be satisfied in relation to the new company and the matching new shares at all times which—
- (a) fall in that period; and
- (b) do not fall after a time when (apart from the arrangements) those requirements would have ceased by virtue of—
- (i) sub-paragraph (4) or (5) of that paragraph, or
- (ii) any cessation of a trade by any company,
to be satisfied in relation to the old company and the matching old shares.
- (5) For the purposes of paragraph 3 above the period of two years mentioned in sub-paragraph (4) of that paragraph shall be deemed, in the case of any new shares, to expire at the same time as it would have expired (or by virtue of this sub-paragraph would have been deemed to expire) in the case of the matching old shares.
- (6) Subject to sub-paragraph (7) below, where—
- (a) there is an exchange under the arrangements of any new shares for any old shares, and
- (b) those old shares are shares in relation to which the requirements of paragraphs 6 and 8 above were (or were deemed to be) satisfied to any extent immediately before the exchange,
those requirements shall be deemed, at all times after that time, to be satisfied to the same extent in relation to the matching new shares.
- (7) Where there is a time following any exchange under the arrangements of any new shares for any old shares when (apart from the arrangements) the requirements of paragraph 6 above would have ceased under—
- (a) sub-paragraph (2) of that paragraph, or
- (b) this sub-paragraph,
to be satisfied in relation to those old shares, those requirements shall cease at that time to be satisfied in relation to the matching new shares.
- (8) For the purposes of paragraph 7 above any new shares acquired under the arrangements shall be deemed to represent an investment which—
- (a) raised the same amount of money as was raised (or, by virtue of this sub-paragraph, is deemed to have been raised) by the issue of the matching old shares, and
- (b) raised that amount by an issue of shares in the new company made at the time when the issue of the matching old shares took place (or, as the case may be, is deemed to have taken place).
- (9) In determining whether the requirements of paragraph 9 above are satisfied in relation to the old company or the new company at a time in the period for giving effect to the arrangements, both—
- (a) the arrangements themselves, and
- (b) any exchange of new shares for old shares that has already taken place under the arrangements,
shall be disregarded.
- (10) For the purposes of paragraph 10B above the value of the new shares, both immediately after the time of their acquisition and immediately after the time of any subsequent relevant event occurring by virtue of the arrangements, shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the old shares for which they are exchanged.
- (11) Nothing in this paragraph shall deem any of the requirements of this Schedule to be satisfied in relation to any new shares unless the matching old shares were first issued to the trust company and have been held by that company from the time when they were issued until they are acquired by the new company.
- (12) References in this paragraph to the period for giving effect to the arrangements are references to the period which—
- (a) begins with the time when those arrangements first came into existence; and
- (b) ends with the time when the new company completes its acquisition under the arrangements of all the old shares.
- (13) If, at any time after the arrangements first came into existence and before the new company has acquired all the old shares, the arrangements—
- (a) cease to be arrangements for the acquisition of all the old shares by the new company, or
- (b) cease to be arrangements for an acquisition falling within sub-paragraph (2) above,
this paragraph shall not deem any requirement of this Schedule to be satisfied, and sub-paragraph (10) above shall not apply, in the case of any new shares at any time after the arrangements have so ceased.
- (14) Subject to sub-paragraph (15) below, references in this paragraph, except in the expression “subscriber shares”, to shares in a company include references to any securities of that company.
- (15) For the purposes of this paragraph, a relevant security of the old company shall not be treated as a security of that company if—
- (a) the arrangements do not provide for the acquisition of the security by the new company; or
- (b) such treatment prevents sub-paragraph (1)(b) above from being satisfied in connection with the arrangements.
- (16) In sub-paragraph (15) above “*relevant security*” means an instrument which is a security for the purposes of this Schedule by reason only of section 842AA(12).
- (17) For the purposes of this paragraph—
- (a) old shares and new shares are of a corresponding description if, were they shares in the same company, they would be of the same description; and
- (b) old shares and new shares are matching shares in relation to each other if the old shares are the shares for which those new shares are exchanged under the arrangements.
### Conversion of convertible shares and securities
##### 10D
- (1) This paragraph applies where—
- (a) shares have been issued to the trust company by virtue of the exercise by that company of any right of conversion attached to other shares, or securities, held by that company (“*the convertibles*”);
- (b) the shares so issued are in the same company as the convertibles to which the right was attached;
- (c) the convertibles to which the right was attached were first issued to the trust company and were held by that company from the time they were issued until converted; and
- (d) the right was attached to the convertibles when they were first so issued and was not varied before it was exercised.
- (2) Sub-paragraphs (5) to (8) of paragraph 10C above shall apply in relation to the exchange of convertibles for shares by virtue of the exercise of the right of conversion as if—
- (a) that exchange were an exchange under any such arrangements as are mentioned in that paragraph of new shares for old shares; and
- (b) the references in those sub-paragraphs and sub-paragraph (17)(b) of that paragraph to the arrangements were references to the provision conferring the right of conversion.
- (3) For the purposes of paragraph 10B above the value of the new shares immediately after the time of their acquisition by the trust company shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the convertibles for which they are exchanged.
### Winding up of the relevant company
##### 11
None of the requirements of this Schedule shall be regarded, at a time when the relevant company is being wound up, as being, on that account, a requirement that is not satisfied in relation to that company if . . . —
- (a) . . . the requirements of this Schedule would be satisfied in relation to that company apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
### Company in administration or receivership
##### 11A
- (1) A company which is in administration or receivership shall not be regarded as ceasing to comply with paragraph 3(2) or (3) by reason only of anything done as a consequence of its being in administration or receivership.
- (2) For this purpose—
- (a) a company is “in administration” if it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986, or there is in force in relation to it—
- (i) an administration order under Part III of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom; and
- (b) a company is “in receivership" if there is in force in relation to it—
- (i) an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter I or II of Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom.
- (3) This paragraph applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
### Company reorganisations etc. involving exchange of shares
##### 11B
- (1) The Treasury may by regulations make provision for cases where—
- (a) a holding of shares or securities that meets the requirements of this Schedule is exchanged for other shares or securities,
- (b) the exchange is made for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax, and
- (c) the new shares or securities do not meet some or all of the requirements of this Schedule,
providing that the new shares or securities shall be treated as meeting those requirements.
- (2) The references in sub-paragraph (1) to an exchange of shares or securities include any form of company reorganisation or other arrangement which involves a holder of shares or securities in a company receiving other shares or securities—
- (a) whether the original shares or securities are transferred, cancelled or retained, and
- (b) whether the new shares or securities are in the same or another company.
- (3) The regulations shall specify—
- (a) the cases in which, and conditions subject to which, they apply,
- (b) which requirements of this Schedule are to be treated as met, and
- (c) the period for which those requirements are to be treated as met.
- (4) The regulations may contain such administrative provisions (including provision for advance clearances) as appear to the Treasury to be necessary or expedient.
- (5) The regulations may authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by the regulations are met.
- (6) Regulations under this paragraph—
- (a) may make different provision for different cases,
- (b) may include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate, and
- (c) may include provision having retrospective effect.
### Power to amend Schedule
##### 12
The Treasury may by order amend this Schedule for any or all of the following purposes, that is to say—
- (a) to make such modifications of paragraphs 3 to 5 above as they may consider expedient;
- (b) to substitute different sums for the sums of money for the time being specified in paragraphs 7(2) and 8(1) above.
### General interpretation
##### 13
- (1) Subject to paragraph 10C(15) above, in this Schedule—
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985; and
- “*securities*” has the same meaning as in section 842AA;
and references in this Schedule to the issue of any securities, in relation to any security consisting in a liability in respect of an unsecured loan, shall have effect as references to the making of the loan.
- (2) For the purposes of paragraphs 5(2) and 9 above, the question whether a person controls a company shall be determined in accordance with subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) below.
- (3) The modification is that, in determining whether a person controls a company, there shall be disregarded—
- (a) his or any other person’s possession of, or entitlement to acquire, relevant fixed-rate preference shares of the company; and
- (b) his or any other person’s possession of, or entitlement to acquire, rights as a loan creditor of the company.
- (4) Section 839 shall apply for the purposes of this Schedule, but as if the reference in subsection (8) to section 416 were a reference to subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) above.
- (5) For the purposes of sub-paragraph (3) above—
- (a) relevant fixed-rate preference shares are fixed-rate preference shares that do not for the time being carry voting rights; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) In this paragraph “*fixed-rate preference shares*” means shares which—
- (a) were issued wholly for new consideration;
- (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities; and
- (c) do not carry any right to dividends other than dividends which—
- (i) are of a fixed amount or at a fixed rate per cent. of the nominal value of the shares, and
- (ii) together with any sum paid on redemption, represent no more than a reasonable commercial return on the consideration for which the shares were issued;
and in paragraph (a) above “*new consideration*” has the meaning given by section 254.
##### 18A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Editorial notes
[^c21566881]: **EDITORIAL NOTE** The originating text of this Act is derived from the 1990 edition of The Taxes Acts edited by the Inland Revenue and published by Her Majesty's Stationery Office. The style of editing followed in older versions of the revised text may therefore differ from that applicable to most other Acts published in the online edition of the revised statutes. Any references in older footnote annotations to Vol. 1, 2 etc. are to the Volumes of that 1990 edition. References to Acts in sidenotes and footnote annotations may be abbreviated. The main abbreviations used are listed below. Where a reference to an Act consists of the year, or the year and a series number (such as "1975", or "1975 (No. 2)", etc.), without any following letter(s) in parentheses, the reference is in most cases to the Finance Act, or Finance (No. 2) Act, etc., of that year. Exceptions to this are 1952, 1970, and 1988 (as to which see the list below). **ABBREVIATIONS USED IN SIDENOTES AND FOOTNOTES** 1828 (R.S.) = [Revenue Solicitors Act 1828 (c. 25, SIF 57)](https://www.legislation.gov.uk/ukpga/1828/25) 1890 (I.R.R.) = [Inland Revenue Regulation Act 1890 (c. 21, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1890/21) 1952 = [Income Tax Act 1952 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1952/10) 1968 (C) = [Capital Allowances Act 1968 (c. 3)](https://www.legislation.gov.uk/ukpga/1968/3) 1970 (M) = [Taxes Management Act 1970 (c. 9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9) 1970 = [Income and Corporation Taxes Act 1970 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/10) 1970 (F) = [Finance Act 1970 (c. 24, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1970/24) 1970 (No.2) = [Income and Corporation Taxes (No.2) Act 1970 (c. 54)](https://www.legislation.gov.uk/ukpga/1970/54) 1975 (O) = [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22) (and similarly as respects subsequent years) 1976 (D) = [Development Land Tax Act 1976 (c. 24)](https://www.legislation.gov.uk/ukpga/1976/24) 1977 (I.T.R.) = [Finance (Income Tax Reliefs) Act 1977 (c. 53)](https://www.legislation.gov.uk/ukpga/1977/53) 1979 (C) = [Capital Gains Tax Act 1979 (c. 14, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1979/14) 1984 (C) = [Capital Transfer Tax Act 1984/Inheritance Tax Act 1984 (c. 51, SIF 65)](https://www.legislation.gov.uk/ukpga/1984/51) 1988 = [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1) 1988 (F) = [Finance Act 1988 (c. 39, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1988/39) 1990 (C) = [Capital Allowances Act 1990 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1) O.J. = Official Journal of the European Communities SIF = Statutes in Force, the official hard-copy predecessor to the online statutes (and any following numbers refer to the relevant volume)
[^c21566891]: General amendments, modifications, etc. to Tax Acts (or Income Tax Acts or Corporation Taxes Acts as the case may be): [Taxes Management Act 1970 (c.9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9), [s. 41A(7)](https://www.legislation.gov.uk/ukpga/1970/9/section/41A/7) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 95(1)(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/95/1/2)); [British Telecommunications Act 1981 (c.38, SIF 96)](https://www.legislation.gov.uk/ukpga/1981/38), [s. 82(2)(7)](https://www.legislation.gov.uk/ukpga/1981/38/section/82/2/7); [Telecommunications Act 1984 (c.12, SIF 96)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3); [Finance Act 1984 (c.43, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1984/43), [ss. 82(6)](https://www.legislation.gov.uk/ukpga/1984/43/section/82/6), [85(2)](https://www.legislation.gov.uk/ukpga/1984/43/section/85/2), [89(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/89/1/7), [96(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/96/1/7), [98(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/98/7), [Sch. 9 para. 3(2)(9)](https://www.legislation.gov.uk/ukpga/1984/43/schedule/9/paragraph/3/2/9), [Sch. 16 paras. 6](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/6), [12](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/12); [Finance Act 1985 (c.54, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1985/54), [ss. 72(1)](https://www.legislation.gov.uk/ukpga/1985/54/section/72/1), [74(5)](https://www.legislation.gov.uk/ukpga/1985/54/section/74/5), [Sch. 23 para. 15(4)](https://www.legislation.gov.uk/ukpga/1985/54/schedule/23/paragraph/15/4); [The Income Tax (Entertainers and Sportsmen) Regulations 1987 (S.I. 1987/530)](https://www.legislation.gov.uk/uksi/1987/530), [regs. 11(2)](https://www.legislation.gov.uk/uksi/1987/530/regulation/11/2), [13(1)](https://www.legislation.gov.uk/uksi/1987/530/regulation/13/1), [14](https://www.legislation.gov.uk/uksi/1987/530/regulation/14); [Income and Corporation Taxes Act 1988 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/section/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/section/7), [9](https://www.legislation.gov.uk/ukpga/1988/1/section/9), [32](https://www.legislation.gov.uk/ukpga/1988/1/section/32), [34](https://www.legislation.gov.uk/ukpga/1988/1/section/34), [78](https://www.legislation.gov.uk/ukpga/1988/1/section/78), [134](https://www.legislation.gov.uk/ukpga/1988/1/section/134), [135](https://www.legislation.gov.uk/ukpga/1988/1/section/135), [141](https://www.legislation.gov.uk/ukpga/1988/1/section/141), [142](https://www.legislation.gov.uk/ukpga/1988/1/section/142), [185](https://www.legislation.gov.uk/ukpga/1988/1/section/185), [191](https://www.legislation.gov.uk/ukpga/1988/1/section/191), [193](https://www.legislation.gov.uk/ukpga/1988/1/section/193), [194](https://www.legislation.gov.uk/ukpga/1988/1/section/194), [195](https://www.legislation.gov.uk/ukpga/1988/1/section/195), [200](https://www.legislation.gov.uk/ukpga/1988/1/section/200), [203](https://www.legislation.gov.uk/ukpga/1988/1/section/203), [209](https://www.legislation.gov.uk/ukpga/1988/1/section/209), [212](https://www.legislation.gov.uk/ukpga/1988/1/section/212), [213](https://www.legislation.gov.uk/ukpga/1988/1/section/213), [219](https://www.legislation.gov.uk/ukpga/1988/1/section/219), [247](https://www.legislation.gov.uk/ukpga/1988/1/section/247), [253](https://www.legislation.gov.uk/ukpga/1988/1/section/253), [272](https://www.legislation.gov.uk/ukpga/1988/1/section/272), [287](https://www.legislation.gov.uk/ukpga/1988/1/section/287), [314](https://www.legislation.gov.uk/ukpga/1988/1/section/314), [315](https://www.legislation.gov.uk/ukpga/1988/1/section/315), [317](https://www.legislation.gov.uk/ukpga/1988/1/section/317), [318](https://www.legislation.gov.uk/ukpga/1988/1/section/318), [325](https://www.legislation.gov.uk/ukpga/1988/1/section/325), [326](https://www.legislation.gov.uk/ukpga/1988/1/section/326), [327](https://www.legislation.gov.uk/ukpga/1988/1/section/327), [345](https://www.legislation.gov.uk/ukpga/1988/1/section/345), [350](https://www.legislation.gov.uk/ukpga/1988/1/section/350), [351](https://www.legislation.gov.uk/ukpga/1988/1/section/351), [368](https://www.legislation.gov.uk/ukpga/1988/1/section/368), [375](https://www.legislation.gov.uk/ukpga/1988/1/section/375), [381](https://www.legislation.gov.uk/ukpga/1988/1/section/381), [397](https://www.legislation.gov.uk/ukpga/1988/1/section/397), [414](https://www.legislation.gov.uk/ukpga/1988/1/section/414), [432](https://www.legislation.gov.uk/ukpga/1988/1/section/432), [440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [442](https://www.legislation.gov.uk/ukpga/1988/1/section/442), [446](https://www.legislation.gov.uk/ukpga/1988/1/section/446), [458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [460](https://www.legislation.gov.uk/ukpga/1988/1/section/460), [461](https://www.legislation.gov.uk/ukpga/1988/1/section/461), [463](https://www.legislation.gov.uk/ukpga/1988/1/section/463), [463(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/2/3) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 50(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/50/2)), [468](https://www.legislation.gov.uk/ukpga/1988/1/section/468), [474](https://www.legislation.gov.uk/ukpga/1988/1/section/474), [475](https://www.legislation.gov.uk/ukpga/1988/1/section/475), [486](https://www.legislation.gov.uk/ukpga/1988/1/section/486), [490](https://www.legislation.gov.uk/ukpga/1988/1/section/490), [491](https://www.legislation.gov.uk/ukpga/1988/1/section/491), [503](https://www.legislation.gov.uk/ukpga/1988/1/section/503), [511](https://www.legislation.gov.uk/ukpga/1988/1/section/511), [518](https://www.legislation.gov.uk/ukpga/1988/1/section/518), [524](https://www.legislation.gov.uk/ukpga/1988/1/section/524), [532](https://www.legislation.gov.uk/ukpga/1988/1/section/532), [544](https://www.legislation.gov.uk/ukpga/1988/1/section/544), [550](https://www.legislation.gov.uk/ukpga/1988/1/section/550), [556](https://www.legislation.gov.uk/ukpga/1988/1/section/556), [558](https://www.legislation.gov.uk/ukpga/1988/1/section/558), [569](https://www.legislation.gov.uk/ukpga/1988/1/section/569), [572](https://www.legislation.gov.uk/ukpga/1988/1/section/572), [582](https://www.legislation.gov.uk/ukpga/1988/1/section/582), [595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [601](https://www.legislation.gov.uk/ukpga/1988/1/section/601), [613](https://www.legislation.gov.uk/ukpga/1988/1/section/613), [617](https://www.legislation.gov.uk/ukpga/1988/1/section/617), [619](https://www.legislation.gov.uk/ukpga/1988/1/section/619), [621](https://www.legislation.gov.uk/ukpga/1988/1/section/621), [639](https://www.legislation.gov.uk/ukpga/1988/1/section/639), [656](https://www.legislation.gov.uk/ukpga/1988/1/section/656), [660](https://www.legislation.gov.uk/ukpga/1988/1/section/660), [663](https://www.legislation.gov.uk/ukpga/1988/1/section/663), [676](https://www.legislation.gov.uk/ukpga/1988/1/section/676), [689](https://www.legislation.gov.uk/ukpga/1988/1/section/689), [691](https://www.legislation.gov.uk/ukpga/1988/1/section/691), [694](https://www.legislation.gov.uk/ukpga/1988/1/section/694), [700](https://www.legislation.gov.uk/ukpga/1988/1/section/700), [701](https://www.legislation.gov.uk/ukpga/1988/1/section/701), [714](https://www.legislation.gov.uk/ukpga/1988/1/section/714), [716](https://www.legislation.gov.uk/ukpga/1988/1/section/716), [739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [743](https://www.legislation.gov.uk/ukpga/1988/1/section/743), [754](https://www.legislation.gov.uk/ukpga/1988/1/section/754), [763](https://www.legislation.gov.uk/ukpga/1988/1/section/763), [776](https://www.legislation.gov.uk/ukpga/1988/1/section/776), [780](https://www.legislation.gov.uk/ukpga/1988/1/section/780), [781](https://www.legislation.gov.uk/ukpga/1988/1/section/781), [782](https://www.legislation.gov.uk/ukpga/1988/1/section/782), [787](https://www.legislation.gov.uk/ukpga/1988/1/section/787), [789](https://www.legislation.gov.uk/ukpga/1988/1/section/789), [811](https://www.legislation.gov.uk/ukpga/1988/1/section/811), [828](https://www.legislation.gov.uk/ukpga/1988/1/section/828), [829](https://www.legislation.gov.uk/ukpga/1988/1/section/829), [832](https://www.legislation.gov.uk/ukpga/1988/1/section/832), [833](https://www.legislation.gov.uk/ukpga/1988/1/section/833), [834](https://www.legislation.gov.uk/ukpga/1988/1/section/834), [835](https://www.legislation.gov.uk/ukpga/1988/1/section/835), [837](https://www.legislation.gov.uk/ukpga/1988/1/section/837), [838](https://www.legislation.gov.uk/ukpga/1988/1/section/838), [839](https://www.legislation.gov.uk/ukpga/1988/1/section/839), [840](https://www.legislation.gov.uk/ukpga/1988/1/section/840), [841](https://www.legislation.gov.uk/ukpga/1988/1/section/841), [842](https://www.legislation.gov.uk/ukpga/1988/1/section/842), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2/paragraph/5), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5), [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10), [Sch. 16 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/10), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6), [Sch. 26 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1), [Sch. 27 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/20); [Finance Act 1988 (c.39, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 66](https://www.legislation.gov.uk/ukpga/1988/39/section/66), [127(1)(6)](https://www.legislation.gov.uk/ukpga/1988/39/section/127/1/6), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/39/schedule/12/paragraph/6); [Electricity Act 1989 (c. 29, SIF 44:1)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 90](https://www.legislation.gov.uk/ukpga/1989/29/section/90), [Sch. 11 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/8/2); [S.I. 1990/117](https://www.legislation.gov.uk/uksi/1990/117), [art. 3](https://www.legislation.gov.uk/uksi/1990/117/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/117/schedule/1); [Capital Allowances Act 1990 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/28/1), [68(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/68/8), [74](https://www.legislation.gov.uk/ukpga/1988/1/section/74), [82](https://www.legislation.gov.uk/ukpga/1988/1/section/82), [83(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/5), [148(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/148/5), [163(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/163/4), [164(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/164/2); [S.I. 1990/627](https://www.legislation.gov.uk/uksi/1990/627); [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 25(10)](https://www.legislation.gov.uk/ukpga/1990/29/section/25/10); [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) (having effect with respect to gifts made on or after 19.3.1991), s. 587A(2)(3) (with application as referred to in [Finance Act 1991 (c.31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5) (if the new securities are issued on or after 19.3.1991)), [s. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A), [Sch. 23A paras. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2), [4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4), [5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5/2), [7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1); [Ports Act 1991 (c. 52, SIF 58)](https://www.legislation.gov.uk/ukpga/1991/52), [s. 35(8)](https://www.legislation.gov.uk/ukpga/1991/52/section/35/8); [The Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000)](https://www.legislation.gov.uk/uksi/1991/2000), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/1/1), [4(5)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/4/5); [British Technology Group Act 1991 (c.66, SIF 64)](https://www.legislation.gov.uk/ukpga/1991/66), [s.12(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1991/66/section/12/1/3/4); [S.I. 1991/2721](https://www.legislation.gov.uk/uksi/1991/2721), [art.2](https://www.legislation.gov.uk/uksi/1991/2721/article/2); [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1 reg. 28](https://www.legislation.gov.uk/uksi/1979/591/schedule/1/regulation/28) (as substituted by [S.I. 1992/97](https://www.legislation.gov.uk/uksi/1992/97), [reg. 18](https://www.legislation.gov.uk/uksi/1992/97/regulation/18)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [ss. 16](https://www.legislation.gov.uk/ukpga/1992/4/section/16), [177(4)](https://www.legislation.gov.uk/ukpga/1992/4/section/177/4), [Sch.2](https://www.legislation.gov.uk/ukpga/1992/4/schedule/2) (with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1992/4/section/108/5)); [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 209(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/209/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) (with effect for the year 1992-93 and subsequent years of assessment); [The Lloyd's Underwriters (Tax) (1989-90) Regulations 1992 (S.I. 1992/511)](https://www.legislation.gov.uk/uksi/1992/511), [reg.3](https://www.legislation.gov.uk/uksi/1992/511/regulation/3) (with effect for the year of assessment 1989-90); [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 12 paras. 6(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/6/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7), [Sch. 17 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/9); [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [3(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/3/1) (with effect for the year of assessment 1990-91); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(3)-(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/3), [118(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/118/1), [146(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/146/2/3), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [175](https://www.legislation.gov.uk/ukpga/1993/34/section/175), [Sch. 20 paras. 8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/8), [9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/9/1); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 172(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/172/1), [176(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/1), [179(4)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/179/4/5), [180(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/180/1/a/2), [182(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/182/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) (with effect for the year 1992-93 and subsequent years of assessment); [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [ss. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [36](https://www.legislation.gov.uk/ukpga/1993/37/section/36), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [paras. 1](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/1), [2(1)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/2/1), [3(2)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/3/2), [16(2)(a)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/16/2/a), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/4/paragraph/1/1); [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [regs. 1](https://www.legislation.gov.uk/uksi/1993/2004/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/4/1) , [5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1), [7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1), [8](https://www.legislation.gov.uk/uksi/1993/2004/regulation/8), [11(7)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/11/7); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 139(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/139/1/2), [173(2)(b)(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/b/4/a/b), [174](https://www.legislation.gov.uk/ukpga/1994/9/section/174), [Sch. 25 paras. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/2), [6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/6/1/2); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 paras. 1(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/1/4), [12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/12/2), [15(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/b), [18(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/1), [20(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/1/a/3), [25(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/1) (with retrospective effect to 11.1.1994); [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/11/1), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14), [17(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/17/2), [19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/19/1/a/3); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule); [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg.3](https://www.legislation.gov.uk/uksi/1994/728/regulation/3) (with effect for the year of assessment 1991-92); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 152](https://www.legislation.gov.uk/ukpga/1995/4/section/152), [157(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/12); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154](https://www.legislation.gov.uk/ukpga/1995/4/section/154) (with retrospective effect to 29.11.1994); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2/3), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)); [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/3); [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/7), [13](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/13); [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1/2), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(1)-(3)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/1); [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 3](https://www.legislation.gov.uk/uksi/1995/171/regulation/3); [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 4](https://www.legislation.gov.uk/uksi/1995/351/regulation/4) (with [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5) and [S.I. 1995/352](https://www.legislation.gov.uk/uksi/1995/352), [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15)); [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/352/regulation/4) (with [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15) and [S.I. 1995/351](https://www.legislation.gov.uk/uksi/1995/351), [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5)) (with effect for the years of assessment 1992-93 to 1996-97); [The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 (S.I. 1995/2052)](https://www.legislation.gov.uk/uksi/1995/2052), [regs. 1](https://www.legislation.gov.uk/uksi/1995/2052/regulation/1), [10](https://www.legislation.gov.uk/uksi/1995/2052/regulation/10); [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 81(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/81/1), [151(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/151/1), [152](https://www.legislation.gov.uk/ukpga/1996/8/section/152), [154(2)(5)(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/2/5/9), [Sch. 10 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/4/2), [Sch. 11 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/4/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 689A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/2) (as inserted by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 paras. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16), [28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28)); [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [Sch. 7 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/1/3), [18](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/18), [27](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/27); [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3), [Sch. 7 paras. 2(1)(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/2/1/3), [3(2)(5)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2/5), [7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/2); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) (as substituted and inserted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/1), [13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3), [16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16)); [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28A](https://www.legislation.gov.uk/ukpga/1990/1/section/28A), [29(1)(1A)](https://www.legislation.gov.uk/ukpga/1990/1/section/29/1/1A) (as inserted and substituted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 paras. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/4)) [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 29(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/29/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) (as substituted by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4/6); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 3](https://www.legislation.gov.uk/uksi/1997/473/regulation/3) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 165(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/a); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 4](https://www.legislation.gov.uk/uksi/2004/822/regulation/4)) [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [3-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (as amended by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715)); [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [regs. 1](https://www.legislation.gov.uk/uksi/1997/2681/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/2681/regulation/9); [Teaching and Higher Education Act 1998 (c. 30)](https://www.legislation.gov.uk/ukpga/1998/30), [s. 22(5)(g)](https://www.legislation.gov.uk/ukpga/1998/30/section/22/5/g); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/30/3), [31(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/31/2), [32(8)](https://www.legislation.gov.uk/ukpga/1998/36/section/32/8), [46](https://www.legislation.gov.uk/ukpga/1998/36/section/46), [47(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/3/a), [117](https://www.legislation.gov.uk/ukpga/1998/36/section/117), [161(2)(b)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/b/7), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 65A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/65A/3), [70A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/3), [596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C), [754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2), [Sch. 28AA para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/b) (as inserted or substituted (as the case may be) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38](https://www.legislation.gov.uk/ukpga/1998/36/section/38), [93(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3/4), [108(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5/6), [Sch. 5 paras. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/24), [25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25), [73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [Sch. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/16), [Sch. 17 paras. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4), [37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37); [Regional Development Agencies Act 1998 (c. 45)](https://www.legislation.gov.uk/ukpga/1998/45), [s. 38](https://www.legislation.gov.uk/ukpga/1998/45/section/38); [S.I. 1998/2952](https://www.legislation.gov.uk/uksi/1998/2952), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/2952/article/2/2); [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1998/46/section/73/2); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/3178/article/2/2), [Sch. 3](https://www.legislation.gov.uk/uksi/1998/3178/schedule/3); [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [21](https://www.legislation.gov.uk/uksi/1998/3177/regulation/21); [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) (as inserted by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1/3)); [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [ss. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1999/20/section/6/2/c), [16(1)(4)(c)(5)](https://www.legislation.gov.uk/ukpga/1999/20/section/16/1/4/c/5); [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/43); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) (as inserted by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1/3)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 253(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/253/4), [260(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/5), [579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) (as substituted by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 55(2)-(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/2)(7), 83(1)(a)(3), Sch. 26 para. 51; [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 56](https://www.legislation.gov.uk/ukpga/2003/1/section/56), [566(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/566/2), [723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))); [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 148(1)-(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/1), [150](https://www.legislation.gov.uk/ukpga/2003/14/section/150), [195](https://www.legislation.gov.uk/ukpga/2003/14/section/195); [The Taxation of Benefits under Government Pilot Schemes (Return to Work Credit and Employment Retention and Advancement Schemes) Order 2003 (S.I. 2003/2339)](https://www.legislation.gov.uk/uksi/2003/2339), [arts. 1](https://www.legislation.gov.uk/uksi/2003/2339/article/1), [3](https://www.legislation.gov.uk/uksi/2003/2339/article/3); [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 51](https://www.legislation.gov.uk/ukpga/2004/12/section/51), [188(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/188/7), [192(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/8/10), [205(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/205/7), [206(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/206/7), [207(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/207/7), [208(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/208/8), [215(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/215/11), [227(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/227/5), [254(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/254/7), [255(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/255/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23),Sch. 26 para. 36(2) (as substituted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 52(1)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/1/3), [Sch. 10 para. 62](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/62)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 paras. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1), [3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)); [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(10)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/10), [28(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/28/5), [29(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/29/6), [30(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/30/6), [38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2), [44(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/44/5), [Sch. 9 para. 37(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/37/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1); [Horserace Betting and Olympic Lottery Act 2004 (c. 25)](https://www.legislation.gov.uk/ukpga/2004/25), [ss. 4(1)](https://www.legislation.gov.uk/ukpga/2004/25/section/4/1), [5(3)(c)(4)](https://www.legislation.gov.uk/ukpga/2004/25/section/5/3/c/4); [S.I. 2011/462](https://www.legislation.gov.uk/uksi/2011/462), [art. 2](https://www.legislation.gov.uk/uksi/2011/462/article/2); [The Taxation of Benefits under Government Pilot Schemes (Working Neighbourhoods Pilot and In Work Credit) Order 2004 (S.I. 2004/575)](https://www.legislation.gov.uk/uksi/2004/575), [art. 3](https://www.legislation.gov.uk/uksi/2004/575/article/3); [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [ss. 41(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/41/4), [50](https://www.legislation.gov.uk/ukpga/2005/7/section/50), [53](https://www.legislation.gov.uk/ukpga/2005/7/section/53), [54](https://www.legislation.gov.uk/ukpga/2005/7/section/54), [56](https://www.legislation.gov.uk/ukpga/2005/7/section/56), [83(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/1); [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [Sch. 10 para. 34(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/34/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), art, 2, Sch.; [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/7/2), [8](https://www.legislation.gov.uk/ukpga/2005/22/section/8), [9](https://www.legislation.gov.uk/ukpga/2005/22/section/9); [Finance Act 1988 (c.39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 66A(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/66A/2/4) (as inserted by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 60(1)(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/60/1/3)); [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 4](https://www.legislation.gov.uk/uksi/2005/1907/regulation/4); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 3](https://www.legislation.gov.uk/uksi/2005/2014/regulation/3); [The Donations to Charity by Individuals (Appropriate Declarations) (Amendment) Regulations 2005 (S.I. 2005/2790)](https://www.legislation.gov.uk/uksi/2005/2790), [regs. 6](https://www.legislation.gov.uk/uksi/2005/2790/regulation/6), [7](https://www.legislation.gov.uk/uksi/2005/2790/regulation/7); [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 4](https://www.legislation.gov.uk/uksi/2006/575/regulation/4); [Telecommunications Act 1984 (c. 12)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3) (as substituted by [S.I. 2006/745](https://www.legislation.gov.uk/uksi/2006/745), [art. 2](https://www.legislation.gov.uk/uksi/2006/745/article/2)); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006 (S.I. 2006/3218)](https://www.legislation.gov.uk/uksi/2006/3218), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3218/regulation/1/1/2), [2-12](https://www.legislation.gov.uk/uksi/2006/3218/regulation/2); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) (No. 2) Regulations 2006 (S.I. 2006/3389)](https://www.legislation.gov.uk/uksi/2006/3389), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3389/regulation/1/1/2), [2-10](https://www.legislation.gov.uk/uksi/2006/3389/regulation/2) (as amended by [S.I. 2007/2147](https://www.legislation.gov.uk/uksi/2007/2147), [regs. 1-6](https://www.legislation.gov.uk/uksi/2007/2147/regulation/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 414](https://www.legislation.gov.uk/ukpga/2007/3/section/414), [466](https://www.legislation.gov.uk/ukpga/2007/3/section/466), [467](https://www.legislation.gov.uk/ukpga/2007/3/section/467), [473(5)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/473/5/6), [474](https://www.legislation.gov.uk/ukpga/2007/3/section/474), [477](https://www.legislation.gov.uk/ukpga/2007/3/section/477), [513(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/513/4), [573](https://www.legislation.gov.uk/ukpga/2007/3/section/573), [576](https://www.legislation.gov.uk/ukpga/2007/3/section/576), [578](https://www.legislation.gov.uk/ukpga/2007/3/section/578), [586(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/586/2), [597(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/597/2), [711(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/711/2), [959](https://www.legislation.gov.uk/ukpga/2007/3/section/959), [963(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/963/4), [970(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/970/1), [988-1016](https://www.legislation.gov.uk/ukpga/2007/3/section/988) (Pt. 16) (with Sch. 2); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61G](https://www.legislation.gov.uk/ukpga/2003/1/section/61G) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 25](https://www.legislation.gov.uk/ukpga/2007/11/section/25), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/3/paragraph/4)); [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [Sch. 4 para. 11](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/11); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule); [The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050)](https://www.legislation.gov.uk/uksi/2007/1050), [regs. 1](https://www.legislation.gov.uk/uksi/2007/1050/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2007/1050/regulation/3) (as amended by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 2 para. 131](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/131) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))); [The Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards) Regulations 2007 (S.I. 2007/3338](https://www.legislation.gov.uk/uksi/2007/3338)), [reg. 3](https://www.legislation.gov.uk/uksi/2007/3338/regulation/3); [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1), [6](https://www.legislation.gov.uk/uksi/2007/3402/regulation/6); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 461D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461D/4) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3)); [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 840A(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/840A/3) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 69](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/69), [81](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/81)); [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(2)(4)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/2/4); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 69Z15(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z15/2), [69Z16(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z16/2), [69Z17(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z17/2) (as inserted by [S.I. 2008/705](https://www.legislation.gov.uk/uksi/2008/705), [reg. 5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)); [The Friendly Societies (Transfers of Other Business) (Modification of the Corporation Tax Acts) Regulations 2008 (S.I. 2008/1942)](https://www.legislation.gov.uk/uksi/2008/1942), [regs. 1-7](https://www.legislation.gov.uk/uksi/2008/1942/regulation/1); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 2(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/2/4), [3](https://www.legislation.gov.uk/ukpga/2009/4/section/3), [294(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/294/2), [481(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/481/2), [490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2), [509(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/509/2), [515](https://www.legislation.gov.uk/ukpga/2009/4/section/515), [516(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/516/1), [521(4)(e)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/521/4/e/5), [539(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/539/6), [540(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/540/3), [545](https://www.legislation.gov.uk/ukpga/2009/4/section/545), [550](https://www.legislation.gov.uk/ukpga/2009/4/section/550), [592(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/592/3), [593(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/593/2), [608(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/608/7), [799(1)(b)](https://www.legislation.gov.uk/ukpga/2009/4/section/799/1/b), [802(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/802/2), [855(7)(8)](https://www.legislation.gov.uk/ukpga/2009/4/section/855/7/8), [969](https://www.legislation.gov.uk/ukpga/2009/4/section/969), [1273](https://www.legislation.gov.uk/ukpga/2009/4/section/1273), [1329](https://www.legislation.gov.uk/ukpga/2009/4/section/1329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) (as inserted by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100)); [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 25](https://www.legislation.gov.uk/ukpga/2009/10/section/25); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521B(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/521B/2) (as inserted by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/4), [12-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)); [The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009/128)](https://www.legislation.gov.uk/nisr/2009/128), [regs. 1(1)](https://www.legislation.gov.uk/nisr/2009/128/regulation/1/1), [4](https://www.legislation.gov.uk/nisr/2009/128/regulation/4), [26(2)](https://www.legislation.gov.uk/nisr/2009/128/regulation/26/2); [The Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470)](https://www.legislation.gov.uk/uksi/2009/470), [regs. 1](https://www.legislation.gov.uk/uksi/2009/470/regulation/1), [4-7](https://www.legislation.gov.uk/uksi/2009/470/regulation/4), [31(2)](https://www.legislation.gov.uk/uksi/2009/470/regulation/31/2); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z61](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z61) (as inserted by [S.I. 2009/2036](https://www.legislation.gov.uk/uksi/2009/2036), [reg. 24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24)); [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1/2), [4](https://www.legislation.gov.uk/uksi/2009/2971/regulation/4); [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1), [16(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/16/2), [94](https://www.legislation.gov.uk/uksi/2009/3001/regulation/94) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 128](https://www.legislation.gov.uk/ukpga/2010/4/section/128), [620](https://www.legislation.gov.uk/ukpga/2010/4/section/620), [624](https://www.legislation.gov.uk/ukpga/2010/4/section/624), [625](https://www.legislation.gov.uk/ukpga/2010/4/section/625), [778](https://www.legislation.gov.uk/ukpga/2010/4/section/778), [784](https://www.legislation.gov.uk/ukpga/2010/4/section/784), [786](https://www.legislation.gov.uk/ukpga/2010/4/section/786), [876](https://www.legislation.gov.uk/ukpga/2010/4/section/876), [950(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/950/5), [996(1)(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/1/2), [1070](https://www.legislation.gov.uk/ukpga/2010/4/section/1070), [1071](https://www.legislation.gov.uk/ukpga/2010/4/section/1071), [1166](https://www.legislation.gov.uk/ukpga/2010/4/section/1166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 79(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/79/2), [192](https://www.legislation.gov.uk/ukpga/2010/8/section/192), [220](https://www.legislation.gov.uk/ukpga/2010/8/section/220) (with [ss. 213](https://www.legislation.gov.uk/ukpga/2010/8/section/213), [214](https://www.legislation.gov.uk/ukpga/2010/8/section/214), [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809CZB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/809CZB/2) (as inserted by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 5 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1))); [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 53(5)(7)-(10)](https://www.legislation.gov.uk/ukpga/2011/11/section/53/5/7), [Sch. 2 paras. 53(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/53/4), [54(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/54/6); [The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502)](https://www.legislation.gov.uk/uksi/2011/1502), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1502/article/1), [3](https://www.legislation.gov.uk/uksi/2011/1502/article/3); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 69(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/69/b), [71(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/71/3), [72](https://www.legislation.gov.uk/ukpga/2012/14/section/72), [142(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/142/1/b), [143(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/143/1/b), [144(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/144/1), [148](https://www.legislation.gov.uk/ukpga/2012/14/section/148), [151](https://www.legislation.gov.uk/ukpga/2012/14/section/151), [152](https://www.legislation.gov.uk/ukpga/2012/14/section/152), [158(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/158/5), [166(5)(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/166/5/6), [167(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/167/4) (with [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 793(8)](https://www.legislation.gov.uk/ukpga/2010/4/section/793/8), [812(5A)](https://www.legislation.gov.uk/ukpga/2010/4/section/812/5A) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 22(2)-(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/22/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 371SO(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/371SO/2) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 20 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/20/paragraph/1)); [Small Charitable Donations Act 2012 (c. 23)](https://www.legislation.gov.uk/ukpga/2012/23), [ss. 15](https://www.legislation.gov.uk/ukpga/2012/23/section/15), [21(1)](https://www.legislation.gov.uk/ukpga/2012/23/section/21/1); [The Bank Levy (Double Taxation Relief) Regulations 2012 (S.I. 2012/458)](https://www.legislation.gov.uk/uksi/2012/458), [regs. 1](https://www.legislation.gov.uk/uksi/2012/458/regulation/1), [13](https://www.legislation.gov.uk/uksi/2012/458/regulation/13); [The Bank Levy (Double Taxation Arrangements) (Federal Republic of Germany) Regulations 2012 (S.I. 2012/459)](https://www.legislation.gov.uk/uksi/2012/459), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2012/459/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2012/459/regulation/11); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Pt. 11ZA](https://www.legislation.gov.uk/ukpga/2007/3/part/11ZA) (ss. 614ZA-614ZD) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/1), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Pt. 17A](https://www.legislation.gov.uk/ukpga/2010/4/part/17A) (ss. 814A-814D) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/2), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1), [3](https://www.legislation.gov.uk/uksi/2013/3209/regulation/3) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8)); [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 223(8)(9)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/223/8/9/a); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2) (as substituted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 27(3)(7)-(9)](https://www.legislation.gov.uk/ukpga/2014/26/section/27/3/7)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 329N(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/329N/2) (as inserted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 14 paras. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/1), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/4)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/4/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 3](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/3), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/7/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 12](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/12), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [ss. 99(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/99/2), [116](https://www.legislation.gov.uk/ukpga/2015/11/section/116); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 12ZH](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZH), [12ZI](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZI), [59AB](https://www.legislation.gov.uk/ukpga/1970/9/section/59AB) (as inserted by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 paras. 43](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/43), [51](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/51), [60](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/60)); [The Education (Postgraduate Master?s Degree Loans) Regulations 2016 (S.I. 2016/606)](https://www.legislation.gov.uk/uksi/2016/606), [regs. 1](https://www.legislation.gov.uk/uksi/2016/606/regulation/1), [67(1)](https://www.legislation.gov.uk/uksi/2016/606/regulation/67/1); [The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016 (S.I. 2016/1212)](https://www.legislation.gov.uk/uksi/2016/1212), [regs. 1](https://www.legislation.gov.uk/uksi/2016/1212/regulation/1), [16](https://www.legislation.gov.uk/uksi/2016/1212/regulation/16); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61R](https://www.legislation.gov.uk/ukpga/2003/1/section/61R) (as inserted by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [Sch. 1 paras. 9](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/9), [16](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/16)); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 124A(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/124A/6), [124B(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124B/7), [124C(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124C/7) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 26](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/26), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 303B(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/303B/5), [303C(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/303C/7), [303D(6)](https://www.legislation.gov.uk/ukpga/2010/4/section/303D/6), [321(2A)](https://www.legislation.gov.uk/ukpga/2010/4/section/321/2A) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 48](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/48), [52(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52/3), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 28A(8)](https://www.legislation.gov.uk/ukpga/1970/9/section/28A/8), [28B(9)](https://www.legislation.gov.uk/ukpga/1970/9/section/28B/9) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 12(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/12/6), [13(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/13/6), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 18 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/32/4) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/28/4), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)) [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 3 paras. 7, 9,](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/9)[12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/13); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 420A(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/420A/2) (as inserted by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 20 paras. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/2), [10(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/10/a), [16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/16)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 270HE](https://www.legislation.gov.uk/ukpga/2001/2/section/270HE) (as inserted by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [2](https://www.legislation.gov.uk/uksi/2019/1087/regulation/2)
[^c21566901]: Act (except ss. 201 and 684) amended (1.1.1992) by [S.I. 1991/2684](https://www.legislation.gov.uk/uksi/1991/2684), [arts. 2](https://www.legislation.gov.uk/uksi/1991/2684/article/2), [4](https://www.legislation.gov.uk/uksi/1991/2684/article/4),Sch. 1
[^c22719381]: Act: [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [Sch. 4 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/part/1) to be construed as one with this Act (19.9.1994) by virtue of ss. 21, 68(4) of, and Sch. 4 para. 1(2) to, that Act); [S.I. 1999/2189](https://www.legislation.gov.uk/uksi/1999/2189), [art. 2](https://www.legislation.gov.uk/uksi/1999/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1999/2189/schedule)
[^c23369051]: Act modified (17.9.2004 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [regs. 3](https://www.legislation.gov.uk/uksi/2004/2200/regulation/3), [4](https://www.legislation.gov.uk/uksi/2004/2200/regulation/4)
[^c23369081]: Act modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7)
[^c23369091]: Act modified (1.4.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 94](https://www.legislation.gov.uk/uksi/2006/964/regulation/94) (as amended by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(2)(4)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/2/4), [28](https://www.legislation.gov.uk/uksi/2008/3159/regulation/28))
[^c23369101]: Act modified (31.12.2006 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [3-18](https://www.legislation.gov.uk/uksi/2006/3271/regulation/3) (as amended by: [S.I. 2007/2146](https://www.legislation.gov.uk/uksi/2007/2146), [regs. 1](https://www.legislation.gov.uk/uksi/2007/2146/regulation/1), [3-13](https://www.legislation.gov.uk/uksi/2007/2146/regulation/3); [S.I. 2007/3449](https://www.legislation.gov.uk/uksi/2007/3449), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3449/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/2007/3449/regulation/3); [S.I. 2008/1924](https://www.legislation.gov.uk/uksi/2008/1924), [regs. 1](https://www.legislation.gov.uk/uksi/2008/1924/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2008/1924/regulation/3))
[^c23369111]: Act modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [reg. 15](https://www.legislation.gov.uk/uksi/2006/3296/regulation/15) (as amended by [S.I. 2018/143](https://www.legislation.gov.uk/uksi/2018/143), [regs. 1](https://www.legislation.gov.uk/uksi/2018/143/regulation/1), [10(1)](https://www.legislation.gov.uk/uksi/2018/143/regulation/10/1))
[^c23369121]: Act modified (with effect in accordance with Sch. 4 para. 2(2)-(4) of the modifying Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/4/paragraph/3)
[^c23369131]: Act modified (14.8.2007 with effect in accordance with reg. 1(2)(3) of the modifying S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 3-12](https://www.legislation.gov.uk/uksi/2007/2145/regulation/3)
[^c23369141]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [art. 3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^c23376051]: Act applied (1.4.2010 with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 853](https://www.legislation.gov.uk/ukpga/2010/4/section/853)
[^c23376061]: Act amended by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 8 para. 8(2)(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/8/paragraph/8/2/4)
[^c23376071]: Act amended (2006-07) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/3/5)
[^c23376081]: Act applied (with modifications) (1.10.2010) by [The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) (No. 2) Regulations 2010 (S.I. 2010/1907)](https://www.legislation.gov.uk/uksi/2010/1907), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/1/2), [16(2)(c)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/16/2/c), [Sch. 2](https://www.legislation.gov.uk/uksi/2010/1907/schedule/2)
[^c23376091]: Act amended by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 15 para. 17(4)(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/17/4/5)
[^c23333701]: Words in [s. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21819211]: [S. 5](https://www.legislation.gov.uk/ukpga/1988/1/section/5) repealed (with effect in accordance with s. 199(2) and Sch. 26 Pt. 5(23) Note 2 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21825951]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/1)
[^c21825991]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/5)
[^c23333851]: [S. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568351]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 206(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/2)
[^c21856731]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 138](https://www.legislation.gov.uk/ukpga/1996/8/section/138), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/10), [Sch. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41)
[^c23333181]: [S. 9](https://www.legislation.gov.uk/ukpga/1988/1/section/9) restricted (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 881](https://www.legislation.gov.uk/ukpga/2005/5/section/881), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333911]: [S. 9(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21797811]: [S. 10](https://www.legislation.gov.uk/ukpga/1988/1/section/10) repealed (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Part 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23332881]: [S. 11(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/1) substituted for s. 11(1)(2) (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/1)
[^c21797551]: [S. 12(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5A) inserted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/3)
[^c23332941]: [S. 12(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5B) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/3)
[^c23332981]: [S. 12(7ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7ZA) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/5)
[^c21568561]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.48](https://www.legislation.gov.uk/ukpga/1990/29/section/48), [Sch.9 para.3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/3) (in relation to transfers of business on or after 1.11.1990)
[^c21797651]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B) inserted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/3)
[^c23334011]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/3)
[^c23334401]: [S. 12(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/9) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/2)
[^c23332901]: [S. 11AA](https://www.legislation.gov.uk/ukpga/1988/1/section/11AA) inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/2)
[^c23334461]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/1), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c23334481]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568801]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) inserted (in relation to accounting periods beginning after 31 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 105(2)(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/105/2/3)
[^c21827251]: [S. 13ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/13ZA) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/5)
[^c21827181]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) inserted (with effect in accordance with [s. 28(6)(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6/7) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/1)
[^c23333081]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(1)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/1/6)
[^c21569071]: [S. 16](https://www.legislation.gov.uk/ukpga/1988/1/section/16) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s.148, Sch.14 Pt. V
[^c22720791]: [S. 17](https://www.legislation.gov.uk/ukpga/1988/1/section/17) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/3), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c23332861]: [S. 19](https://www.legislation.gov.uk/ukpga/1988/1/section/19) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/6), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23334161]: [S. 20](https://www.legislation.gov.uk/ukpga/1988/1/section/20) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/10), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21856511]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c23348301]: [S. 21](https://www.legislation.gov.uk/ukpga/1988/1/section/21) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821321]: [S. 22](https://www.legislation.gov.uk/ukpga/1988/1/section/22) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21821331]: [S. 23](https://www.legislation.gov.uk/ukpga/1988/1/section/23) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21856541]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21856581]: [S. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/5) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21802491]: [S. 25](https://www.legislation.gov.uk/ukpga/1988/1/section/25) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 25 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/6), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c21794351]: [S. 26](https://www.legislation.gov.uk/ukpga/1988/1/section/26) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21797681]: [S. 27](https://www.legislation.gov.uk/ukpga/1988/1/section/27) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21802381]: [S. 28](https://www.legislation.gov.uk/ukpga/1988/1/section/28) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 28 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 9](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/9), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802421]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/b); and s. 29 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/10), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802561]: [S. 31](https://www.legislation.gov.uk/ukpga/1988/1/section/31) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(c)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/c); and s. 31 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/12), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c23348321]: [S. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348341]: [S. 31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21859681]: [S. 32](https://www.legislation.gov.uk/ukpga/1988/1/section/32) repealed (with effect as mentioned in Sch. 15 para. 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 85](https://www.legislation.gov.uk/ukpga/1997/16/section/85), [113](https://www.legislation.gov.uk/ukpga/1997/16/section/113), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/1), [Sch. 18 Pt. 06(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/06/11), Note
[^c21805361]: [S. 33](https://www.legislation.gov.uk/ukpga/1988/1/section/33) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(d)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/d); and s. 33 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/13), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23351661]: [Ss. 31ZA-31ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/31ZA) inserted (with effect in accordance with [s. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/1); [S.I. 2008/1521](https://www.legislation.gov.uk/uksi/2008/1521), [art. 2](https://www.legislation.gov.uk/uksi/2008/1521/article/2)
[^c23348211]: [Ss. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A), [31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) inserted (with effect in accordance with [s. 143(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 143(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/1)
[^c21569941]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856701]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33A repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569951]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856711]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33B repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569931]: [Ss. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A), [33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21794741]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/2), (with Sch. 5 para. 73)
[^c21797751]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805391]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23350011]: [S. 37A](https://www.legislation.gov.uk/ukpga/1988/1/section/37A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/21) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21812971]: [S. 41](https://www.legislation.gov.uk/ukpga/1988/1/section/41) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(g)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/g); and s. 41 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 21](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/21), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42): words in sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23367571]: [S. 43](https://www.legislation.gov.uk/ukpga/1988/1/section/43) repealed (with effect in accordance with s. 40(3) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/3), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16), Note 1
[^c22720821]: Cross-heading before s. 40 substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 19](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/19), (with Sch. 5 para. 73)
[^c21853711]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/1)
[^c23351581]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351601]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351611]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351621]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351631]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351641]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c23351651]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) repealed (with effect in accordance with Sch. 6 para. 1(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/1/1), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c21858801]: [Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/2) heading substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21821821]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) and cross-heading inserted (with effect in accordance with [s. 110(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s.110(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/1)
[^c21820321]: [S. 44](https://www.legislation.gov.uk/ukpga/1988/1/section/44) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/7), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820341]: [S. 45](https://www.legislation.gov.uk/ukpga/1988/1/section/45) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/8), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820351]: [S. 47](https://www.legislation.gov.uk/ukpga/1988/1/section/47) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 154(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/7), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/1), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note (with s. 154(2)-(6))
[^c21820361]: [S. 48](https://www.legislation.gov.uk/ukpga/1988/1/section/48) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/9), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353441]: [S. 49(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/1) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353461]: Words in [s. 49(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/2) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21825931]: [S. 49(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/3) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/10) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353481]: [S. 49(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/4) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21821591]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) repealed (with effect in accordance with s. 37(8) and Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 37(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/5), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c22720841]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) repealed (with effect in accordance with s. 37(3) of the repealing Act and [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619)) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 37(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3), Note
[^c21853451]: [S. 52](https://www.legislation.gov.uk/ukpga/1988/1/section/52) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/12), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21821761]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 155](https://www.legislation.gov.uk/ukpga/1996/8/section/155)
[^c21821341]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 77](https://www.legislation.gov.uk/ukpga/1995/4/section/77)
[^c21821641]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/78/1)
[^c21858881]: [Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/3) heading substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/32) of the amending Act) by Finance Act 1996, s. 79, Sch. 7 para. 6 (with Sch. 7 paras. 33-35)
[^c21570721]: [S. 54](https://www.legislation.gov.uk/ukpga/1988/1/section/54) repealed (15.3.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/5), Note 2
[^c21570891]: SOURCE-1973 s. 26(1)
[^c21570901]: SOURCE-1974 s. 30(1)
[^c23354491]: [S. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458](https://www.legislation.gov.uk/ukpga/2002/29/section/458), [Sch. 10 para. 6](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/6) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21570921]: SOURCE-1973 s. 26(1); 1974 s. 30(1)
[^c23358071]: Word in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570931]: SOURCE-1973 s. 26(1)(a)(b); 1975 (No. 2) s. 50(1)
[^c23358131]: Words in [s. 56(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358171]: Word in [s. 56(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23376221]: Words in [s. 56(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21570941]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/2)
[^c21861011]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c21833011]: [S. 56(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4A/4B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/6) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21570961]: SOURCE-1973 s. 26(4); 1974 s. 30(2), (1); 1968 s. 55(3); 1979(C) Sch. 7
[^c21570971]: Words in [s. 56(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/3) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21570981]: [S. 56A](https://www.legislation.gov.uk/ukpga/1988/1/section/56A) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21833031]: [S. 57](https://www.legislation.gov.uk/ukpga/1988/1/section/57) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23354511]: [S. 58](https://www.legislation.gov.uk/ukpga/1988/1/section/58) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/8), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358211]: [S. 59(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358261]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358281]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358291]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358301]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358311]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358321]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825631]: [S. 62A](https://www.legislation.gov.uk/ukpga/1988/1/section/62A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 203](https://www.legislation.gov.uk/ukpga/1994/9/section/203) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c21825691]: [S. 63A](https://www.legislation.gov.uk/ukpga/1988/1/section/63A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 205](https://www.legislation.gov.uk/ukpga/1994/9/section/205) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c23358331]: [S. 64](https://www.legislation.gov.uk/ukpga/1988/1/section/64) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/37), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358341]: [S. 65](https://www.legislation.gov.uk/ukpga/1988/1/section/65) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/38), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358351]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/39), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825861]: [S. 66](https://www.legislation.gov.uk/ukpga/1988/1/section/66) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c21825871]: [S. 67](https://www.legislation.gov.uk/ukpga/1988/1/section/67) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c23358361]: [S. 68](https://www.legislation.gov.uk/ukpga/1988/1/section/68) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/40), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358371]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358381]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358391]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827571]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) inserted (with effect in accordance with [s. 41(5)-(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/2)
[^c23354551]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358421]: [S. 69](https://www.legislation.gov.uk/ukpga/1988/1/section/69) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/42), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853521]: [S. 70A](https://www.legislation.gov.uk/ukpga/1988/1/section/70A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23358431]: [S. 71](https://www.legislation.gov.uk/ukpga/1988/1/section/71) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/43), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827631]: [S. 73](https://www.legislation.gov.uk/ukpga/1988/1/section/73) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(09)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/09), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c23356451]: [S. 75A](https://www.legislation.gov.uk/ukpga/1988/1/section/75A) inserted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 39](https://www.legislation.gov.uk/ukpga/2004/12/section/39)
[^c23356471]: [S. 75B](https://www.legislation.gov.uk/ukpga/1988/1/section/75B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/1) (with [s. 45(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/2/3))
[^c23393711]: [S. 76ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZD) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 34](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/34) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393731]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 35](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/35) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393751]: [S. 76ZG](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZG) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/37) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393771]: [S. 76ZH](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZH) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/38) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393791]: [S. 76ZI](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZI) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/39) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393811]: [S. 76ZJ](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZJ) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/40) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393831]: [S. 76ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZM) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/43) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418101]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23404441]: [S. 76ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZO) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/45) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21848981]: [S. 95](https://www.legislation.gov.uk/ukpga/1988/1/section/95) sidenote substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/9)
[^c23385091]: [S. 95ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/95ZA) inserted (with effect in accordance with [Sch. 17 para. 16(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 16(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/1)
[^c23358691]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/75), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358711]: [S. 96](https://www.legislation.gov.uk/ukpga/1988/1/section/96) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 76](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/76), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853681]: [S. 98](https://www.legislation.gov.uk/ukpga/1988/1/section/98) substituted (17.3.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(1)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/1/3) (with [s. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/4))
[^c21860731]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/1)
[^c23393581]: [S. 76ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZA) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/31) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393601]: [S. 76ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZB) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 32](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/32) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393621]: [S. 76ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZC) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/33) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393641]: [S. 76ZF](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZF) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/36) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418091]: [S. 76ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZK) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/41) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393691]: [S. 76ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZL) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/42) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21853821]: Words in [s. 104](https://www.legislation.gov.uk/ukpga/1988/1/section/104) sidenote repealed (with effect in accordance with Sch. 27 Pt. 3(6) Note of the repealing act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23359051]: [S. 107](https://www.legislation.gov.uk/ukpga/1988/1/section/107) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/86), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359071]: [S. 108](https://www.legislation.gov.uk/ukpga/1988/1/section/108) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 87](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/87), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359081]: [S. 109](https://www.legislation.gov.uk/ukpga/1988/1/section/109) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/88), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359171]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423311]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852201]: Words in [Pt. 4 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/6) heading repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c21829351]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) and preceding cross-heading inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/1)
[^c21829571]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading inserted (with effect in accordance with [s. 124(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/1)
[^c21821431]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) substituted (with effect in accordance with s. 215(4)(5) of the 1994 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/1) (as amended (retrospectively) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 117(1)(a)(2)(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/117/1/a/2/4)) (with Sch. 20)
[^c23359181]: [S. 111(2)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359311]: [S. 112](https://www.legislation.gov.uk/ukpga/1988/1/section/112) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/93), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359331]: [S. 113](https://www.legislation.gov.uk/ukpga/1988/1/section/113) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 94](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/94), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860551]: [Ss. 118ZA-118ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) and preceding cross-heading inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/1), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), [art. 2](https://www.legislation.gov.uk/uksi/2000/3316/article/2)
[^c23356701]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/1)
[^c23356721]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 125](https://www.legislation.gov.uk/ukpga/2004/12/section/125)
[^c23357871]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) and preceding cross-heading inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(1)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/1/5)
[^c23472581]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472601]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472611]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472621]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472631]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472641]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472651]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472661]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472671]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472681]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472691]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472701]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c21835151]: [S. 123](https://www.legislation.gov.uk/ukpga/1988/1/section/123) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/13), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21858771]: [S. 124](https://www.legislation.gov.uk/ukpga/1988/1/section/124) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 2
[^c23357911]: [S. 125](https://www.legislation.gov.uk/ukpga/1988/1/section/125) title substituted (retrospective to 2.12.2004) by virtue of [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/3)
[^c21846551]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c21846561]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c23359451]: [S. 127](https://www.legislation.gov.uk/ukpga/1988/1/section/127) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 108](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/108), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359471]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/109), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359481]: [S. 128(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/110), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861331]: [S. 128(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/2) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21847681]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847691]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23376641]: Words in [s. 129B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/2) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 6](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/6) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21847701]: Word in [s. 129B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/3) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847721]: [S. 129B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/4) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21574461]: Source—1970 s.304(5); 1980 Sch.11
[^c23356741]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130): definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/3)
[^c21574471]: [1985 c. 58](https://www.legislation.gov.uk/ukpga/1985/58).
[^c21847621]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/1)
[^c21832811]: [S. 129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) inserted (with application in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/1)
[^c21846631]: [S. 129B](https://www.legislation.gov.uk/ukpga/1988/1/section/129B) inserted (with effect in accordance with [s. 157(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 157(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/1)
[^c21832911]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/1)
[^c23390551]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390571]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390581]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390591]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390601]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390611]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390621]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390711]: [S. 140](https://www.legislation.gov.uk/ukpga/1988/1/section/140) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/17), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390631]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390641]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390651]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390661]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390671]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390681]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390691]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390701]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22206561]: [Ss. 140A-140C](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) inserted (with application in accordance with [s. 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/1)
[^c22206591]: [Ss. 140D-140F](https://www.legislation.gov.uk/ukpga/1988/1/section/140D) inserted (with application in accordance with [s. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/1)
[^c22206621]: [S. 140G](https://www.legislation.gov.uk/ukpga/1988/1/section/140G) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/52/1)
[^c22206641]: [S. 140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140H) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 53](https://www.legislation.gov.uk/ukpga/1998/36/section/53)
[^c23390721]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390731]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390741]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390751]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390761]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/20), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880731]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 132](https://www.legislation.gov.uk/ukpga/1994/9/section/132)
[^c23390771]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390781]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390791]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390801]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22171441]: [S. 146A](https://www.legislation.gov.uk/ukpga/1988/1/section/146A) inserted (with application in accordance with [s. 106(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 106(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/2)
[^c23390821]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390831]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390841]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390861]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390851]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392071]: [S. 152](https://www.legislation.gov.uk/ukpga/1988/1/section/152) sidenote substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/23) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22198641]: [S. 151A](https://www.legislation.gov.uk/ukpga/1988/1/section/151A) inserted (2.9.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/12); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(a)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/a)
[^c23390871]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390891]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390901]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390911]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390921]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390931]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21576141]: [S. 155A](https://www.legislation.gov.uk/ukpga/1988/1/section/155A) inserted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 21(1)(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/21/1/3)
[^c23390941]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390951]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390961]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390971]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390981]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390991]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391001]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577131]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391011]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577141]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391021]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577241]: [S. 159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/159AC) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 74(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/74/1/3)
[^c23391031]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23443291]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) inserted (1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 30(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/30/2/3)
[^c22222721]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) repealed (with effect in accordance with s. 44(6) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [ss. 44(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/2), [139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/9), Note
[^c23391051]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391061]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391071]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391081]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391091]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391101]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391111]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391121]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22226231]: [S. 155ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZA) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/2/1)
[^c22226281]: [S. 155ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZB) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/3/1)
[^c22222681]: [S. 155AA](https://www.legislation.gov.uk/ukpga/1988/1/section/155AA) inserted (with effect in accordance with [s. 44(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 44(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/1)
[^c22223051]: [S. 156A](https://www.legislation.gov.uk/ukpga/1988/1/section/156A) inserted (with application in accordance with [s. 45(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 45(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/1)
[^c21881581]: [S. 157A](https://www.legislation.gov.uk/ukpga/1988/1/section/157A) inserted (with effect in accordance with [s. 43(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 43(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/1)
[^c22226321]: [S. 161A](https://www.legislation.gov.uk/ukpga/1988/1/section/161A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/4/1)
[^c22226401]: [S. 161B](https://www.legislation.gov.uk/ukpga/1988/1/section/161B) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/1)
[^c23391131]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391141]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391151]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578161]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391161]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391171]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391181]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578171]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391191]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578181]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391201]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578191]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391211]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578201]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391221]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578211]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391231]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578221]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391241]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21881681]: [S. 168AA](https://www.legislation.gov.uk/ukpga/1988/1/section/168AA) inserted (with effect in accordance with [s. 44(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 44(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/2)
[^c22208041]: [S. 168AB](https://www.legislation.gov.uk/ukpga/1988/1/section/168AB) inserted (with effect in accordance with [s. 60(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/3)
[^c21575751]: [Pt. 5 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/5/chapter/2) heading substituted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 53(2)(a)](https://www.legislation.gov.uk/ukpga/1989/26/section/53/2/a)
[^c22204861]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204871]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204891]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204901]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204921]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204931]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204941]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204951]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204961]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c21578611]: [Ss. 177A](https://www.legislation.gov.uk/ukpga/1988/1/section/177A), [177B](https://www.legislation.gov.uk/ukpga/1988/1/section/177B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/3)
[^c22204971]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204981]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204991]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205011]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205021]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205031]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205041]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205061]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205071]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c23391251]: [S. 185](https://www.legislation.gov.uk/ukpga/1988/1/section/185) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 25](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/25), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22180871]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392841]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579481]: Source—1978 s.53(1)
[^c22225891]: Words in [s. 186(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/3)
[^c21579491]: Source—1978 s.53(3)
[^c21579501]: Words in [s. 186(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/2/b) substituted (in respect of acquisitions of shares on or after 26.10.1987) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 89](https://www.legislation.gov.uk/ukpga/1988/39/section/89)
[^c21579511]: Source—1978 s.56(1); 1982 s.42(1)
[^c23392681]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392701]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579521]: Source—1978 s.55(1)
[^c23392781]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392801]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579531]: Source—1978 s.55(2)-(4)
[^c23392821]: Words in [s. 186(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/5/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579541]: Source—1978 s.55(5), (9)
[^c21579551]: Source—1978 s.55(7), (8)
[^c22194331]: [S. 186(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/a)
[^c22194351]: Words in [s. 186(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/c) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/b)
[^c21579561]: Source—1978 s.53(6)
[^c21579571]: Source—1978 s.56(6); 1980 s.46(6); 1982 s.42(2); 1985 s.45(4)
[^c22181271]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/a)
[^c22181311]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/b)
[^c22180881]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22181531]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114](https://www.legislation.gov.uk/ukpga/1996/8/section/114), [Sch. 16 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/5/1)
[^c23450551]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) continued so far as relating to APS schemes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23450491]: [S. 187(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/1)(6)(7) repealed (except so far as relating to profit sharing schemes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/27), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579891]: Source—1978 ss.53(2), 54(2), (4)(b), 6, 56(1), 57(1), (4), 61(1), Sch.9 1, 16; 1980 s.46(4), Sch.10 5(b), 8, 26(1); 1982 s.40(8); 1983 s.25(1); 1984 Sch.10 15(1), (2); 1985 s.45(2)
[^c21579901]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(13)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/13) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22162681]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "pensionable age" repealed (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [177](https://www.legislation.gov.uk/ukpga/1995/26/section/177), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(a)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/a), [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/1995/26/schedule/7/part/2)
[^c22180981]: Word in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (with effect in accordance with [s. 116(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/1)
[^c21579931]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (for the year 1991-92 and subsequent years of assessment) by virtue of [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 41(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/41/1/2)
[^c21579941]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "specified age" inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/4)
[^c21579951]: Source—1970 s.285(6); 1978 Sch.9 11(3)(b); 1980 Sch.10 26(2); 1984 Sch.10 4(4)
[^c21579961]: Words in [s. 187(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/3) substituted (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/9)
[^c21579981]: Source—1987 s.33(2)
[^c21579991]: Source—1978 s.61(4); 1983 s.25(2)
[^c21580001]: Source—1978 Sch.9 16; 1980 Sch.10 26(4); 1984 Sch.10 15(3)
[^c21580011]: Source—1978 Sch.9 17; 1980 Sch.10 26(5); 1984 Sch.10 15(4); 1986 s.23(5)
[^c21580021]: Source—1978 s.55(6)
[^c22181261]: [S. 187(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/8/b) and preceding word repealed (with effect in accordance with s. 117(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 117(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/2), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 1
[^c21580031]: Source—1978 s.61(2)
[^c21580041]: Source—1978 Sch.9 18; 1986 s.24(1)
[^c21580061]: [1969 c. 24](https://www.legislation.gov.uk/ukpga/1969/24). (N.I.).
[^c23391271]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217541]: [S. 188](https://www.legislation.gov.uk/ukpga/1988/1/section/188) repealed (with application in accordance with s. 58(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/9), Note
[^c23391281]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391291]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391301]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580261]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391311]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580271]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391321]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580251]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391331]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391341]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391351]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391361]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391371]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391381]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391391]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580471]: [S. 197A](https://www.legislation.gov.uk/ukpga/1988/1/section/197A) inserted (1988-89 and subsequent years of assessment) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 46(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/46/4)
[^c23391401]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391411]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391421]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391431]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22210541]: [S. 192A](https://www.legislation.gov.uk/ukpga/1988/1/section/192A) inserted (with effect in accordance with [s. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/2) (with [s. 63(6)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/6/7))
[^c22223731]: [Ss. 197AA](https://www.legislation.gov.uk/ukpga/1988/1/section/197AA), [197AB](https://www.legislation.gov.uk/ukpga/1988/1/section/197AB) inserted (with effect in accordance with [s. 48(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/1)
[^c22223961]: [S. 197AC](https://www.legislation.gov.uk/ukpga/1988/1/section/197AC) inserted (with effect in accordance with [s. 50(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/1)
[^c23391441]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391451]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391461]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391471]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391481]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22246071]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246081]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246091]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246101]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246111]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c23451201]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) and preceding cross-heading inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 23](https://www.legislation.gov.uk/ukpga/1990/29/section/23), [Sch. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/4)
[^c23391541]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580511]: [S. 197G](https://www.legislation.gov.uk/ukpga/1988/1/section/197G) and preceding cross-heading inserted (27.7.1993 with application for the year 1993-94 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 75(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/75/1/2)
[^c23391551]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217641]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) repealed (with effect in accordance with Sch. 27 Pt. 3(10) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/10)
[^c23391561]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391571]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391581]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391591]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391601]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391611]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391621]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391631]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391641]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391651]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391661]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391671]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391681]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391691]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391701]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580621]: [S. 201A](https://www.legislation.gov.uk/ukpga/1988/1/section/201A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 77](https://www.legislation.gov.uk/ukpga/1990/29/section/77)
[^c23391711]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391721]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22201701]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) inserted (with effect in accordance with [s. 62(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/2)
[^c22225281]: [S. 200ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/200ZA) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/1), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/2/1)
[^c22172491]: [S. 200AA](https://www.legislation.gov.uk/ukpga/1988/1/section/200AA) inserted (with effect in accordance with [s. 108(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/1)
[^c21881991]: [S. 200A](https://www.legislation.gov.uk/ukpga/1988/1/section/200A) inserted (with effect in accordance with [s. 93(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/4)
[^c22202021]: [Ss. 200B-200D](https://www.legislation.gov.uk/ukpga/1988/1/section/200B) inserted (with application in accordance with [s. 63(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 63(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/1)
[^c22226151]: [Ss. 200E-200H](https://www.legislation.gov.uk/ukpga/1988/1/section/200E), [200J](https://www.legislation.gov.uk/ukpga/1988/1/section/200J) inserted (with application in accordance with [s. 58(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/1)
[^c21881771]: [S. 201AA](https://www.legislation.gov.uk/ukpga/1988/1/section/201AA) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/1)
[^c22225981]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) and preceding cross-heading inserted (with application in accordance with [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1)
[^c22243601]: [Ss. 197AD-197AH](https://www.legislation.gov.uk/ukpga/1988/1/section/197AD) and preceding cross-heading inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/1)
[^c21580791]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37](https://www.legislation.gov.uk/ukpga/1989/26/section/37)
[^c23391731]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391751]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391761]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21581021]: [S. 203A](https://www.legislation.gov.uk/ukpga/1988/1/section/203A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/37/2/4/5)
[^c23391771]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391781]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391791]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391801]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391811]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391821]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391831]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391841]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391851]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391861]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391871]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391881]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391891]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391901]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391911]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391921]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391931]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391941]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391951]: [S. 207](https://www.legislation.gov.uk/ukpga/1988/1/section/207) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880581]: [S. 203B](https://www.legislation.gov.uk/ukpga/1988/1/section/203B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 125](https://www.legislation.gov.uk/ukpga/1994/9/section/125)
[^c21880611]: [Ss. 203C-203E](https://www.legislation.gov.uk/ukpga/1988/1/section/203C) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 126](https://www.legislation.gov.uk/ukpga/1994/9/section/126)
[^c21880631]: [S. 203F](https://www.legislation.gov.uk/ukpga/1988/1/section/203F) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 127](https://www.legislation.gov.uk/ukpga/1994/9/section/127)
[^c22212711]: [S. 203FA](https://www.legislation.gov.uk/ukpga/1988/1/section/203FA) inserted (with effect in accordance with [s. 66(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 66(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/1) (with [s. 66(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/3))
[^c22212731]: [S. 203FB](https://www.legislation.gov.uk/ukpga/1988/1/section/203FB) inserted (with effect in accordance with [s. 67(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/1) (with [s. 67(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/3))
[^c21880651]: [S. 203G](https://www.legislation.gov.uk/ukpga/1988/1/section/203G) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 128](https://www.legislation.gov.uk/ukpga/1994/9/section/128)
[^c21880671]: [S. 203H](https://www.legislation.gov.uk/ukpga/1988/1/section/203H) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 129](https://www.legislation.gov.uk/ukpga/1994/9/section/129)
[^c21880691]: [S. 203I](https://www.legislation.gov.uk/ukpga/1988/1/section/203I) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 130](https://www.legislation.gov.uk/ukpga/1994/9/section/130)
[^c21880711]: [Ss. 203J-203L](https://www.legislation.gov.uk/ukpga/1988/1/section/203J) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 131](https://www.legislation.gov.uk/ukpga/1994/9/section/131)
[^c22172581]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 110](https://www.legislation.gov.uk/ukpga/1996/8/section/110)
[^c21581121]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) inserted (27.7.1993 with application in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/1/2/5)
[^c21891631]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) repealed (with effect in accordance with s. 73 of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(1), Note 1
[^c23397491]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c22735901]: [Ss. 209A](https://www.legislation.gov.uk/ukpga/1988/1/section/209A), [209B](https://www.legislation.gov.uk/ukpga/1988/1/section/209B) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/2)
[^c23396591]: [S. 213A](https://www.legislation.gov.uk/ukpga/1988/1/section/213A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 13](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/13)
[^c23396991]: [S. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) and preceding cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22732941]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/8), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23395321]: [S. 232](https://www.legislation.gov.uk/ukpga/1988/1/section/232) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 117](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/117), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395341]: [S. 233](https://www.legislation.gov.uk/ukpga/1988/1/section/233) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/118), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21582241]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) inserted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/1/4).
[^c22736001]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736011]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736021]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c21892091]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) inserted (with effect in accordance with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/3) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 19(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/2)
[^c22734831]: [S. 231AA](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA) inserted (with effect in accordance with [s. 102(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/1)
[^c22734851]: [S. 231AB](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/2)
[^c22732961]: [S. 231B](https://www.legislation.gov.uk/ukpga/1988/1/section/231B) inserted (with effect in accordance with [s. 28(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/1)
[^c22769611]: [S. 238](https://www.legislation.gov.uk/ukpga/1988/1/section/238) repealed (with effect in accordance with Sch. 3 para. 11(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/11/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769621]: [S. 239](https://www.legislation.gov.uk/ukpga/1988/1/section/239) repealed (with effect in accordance with Sch. 3 para. 12(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/12/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 12(3)-(6))
[^c22769631]: [S. 240](https://www.legislation.gov.uk/ukpga/1988/1/section/240) repealed (with effect in accordance with Sch. 3 para. 13(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/13/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769641]: [S. 241](https://www.legislation.gov.uk/ukpga/1988/1/section/241) repealed (with effect in accordance with Sch. 3 para. 14(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/14/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769691]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769701]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769711]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769651]: [S. 245](https://www.legislation.gov.uk/ukpga/1988/1/section/245) repealed (with effect in accordance with Sch. 3 para. 15(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/15/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583181]: [Ss. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A), [245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) inserted (in relation to changes in ownership on or after 14 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 98](https://www.legislation.gov.uk/ukpga/1989/26/section/98)
[^c22769661]: [S. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A) repealed (with effect in accordance with Sch. 3 para. 16(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/16/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769671]: [S. 245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) repealed (with effect in accordance with Sch. 3 para. 17(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/17/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769681]: [S. 246](https://www.legislation.gov.uk/ukpga/1988/1/section/246) repealed (with effect in accordance with Sch. 3 para. 18(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/18/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23486901]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486921]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486931]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486941]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486951]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486961]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486971]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486981]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486991]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487001]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487011]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487021]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487031]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487041]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487051]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487061]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487071]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487081]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487091]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487101]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487111]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487121]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487131]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487141]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487151]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22735811]: [S. 247](https://www.legislation.gov.uk/ukpga/1988/1/section/247) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c22735831]: [S. 248](https://www.legislation.gov.uk/ukpga/1988/1/section/248) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23487221]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487241]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487251]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487261]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777131]: [S. 255](https://www.legislation.gov.uk/ukpga/1988/1/section/255) repealed (with effect in accordance with Sch. 3 para. 23(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 23(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/23/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23487161]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) and preceding cross-heading inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 34](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/34) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21868061]: [Pt. 6 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/5A) (ss. 246A-246Y) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/1)
[^c23398331]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408731]: Words in [s. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/5)
[^c21584501]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23408771]: Words in [s. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(9)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/9)
[^c23411161]: Words in [s. 257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/6)
[^c21584511]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23411261]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(d)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/d)
[^c22733721]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733731]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733741]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21584921]: [S. 258](https://www.legislation.gov.uk/ukpga/1988/1/section/258) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c22734131]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734161]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734191]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c21585181]: [S. 261A](https://www.legislation.gov.uk/ukpga/1988/1/section/261A) inserted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734201]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734561]: [S. 262](https://www.legislation.gov.uk/ukpga/1988/1/section/262) repealed (with effect in accordance with s. 34(2), Sch. 20 Pt. 3(5) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 34(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/1), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5) (with [s. 34(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/3))
[^c21585271]: [S. 263](https://www.legislation.gov.uk/ukpga/1988/1/section/263) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585291]: [S. 264](https://www.legislation.gov.uk/ukpga/1988/1/section/264) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585671]: Source-1970 s.19(1); 1976 Sch.4 3(1)
[^c23412001]: Words in [s. 266(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 9](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/9) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585681]: Source-1970 s.19(2); 1976 s.36(5), Sch.4 3(2)
[^c22749841]: [S. 266(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/i/ii) substituted for s. 266(2)(a)-(iii) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/2)
[^c23411401]: Words in [s. 266(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/b/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/2)
[^c21585711]: Source-1970 s.19(3)(a)
[^c21585721]: Source-1970 s.19(4)
[^c21585731]: Source-1984 s.72(1)
[^c21585741]: Source-1970 s.19(3)(b)
[^c21585751]: Source-1976 Sch.4 4(1) 5; 1978 Sch.3 2; 1980 s.29(2)(b)
[^c21585761]: Words in [s. 266(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/5/a) substituted (from 6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21585811]: Source-1976 Sch.4 4(2)
[^c21585821]: Source-1976 Sch.4 5A; 1978 Sch.3 5
[^c21585831]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/a)
[^c23411431]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/3)
[^c21585841]: Source-1970 s.19(4)(a), (c); 1971 Sch.3 11
[^c21585851]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21585861]: Source-1970 s.19(3)(i)(ii)
[^c21585871]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/b)
[^c23411451]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/a)
[^c23411471]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/b)
[^c21585881]: [S. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22749861]: [S. 266(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/14) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/3)
[^c22749881]: [1982 c. xiv](https://www.legislation.gov.uk/ukla/1982/14).
[^c23412021]: Words in [s. 266A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412041]: [S. 266A(3)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3) substituted for s. 266A(3)-(6) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 10(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/10/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585951]: Source-1970 s.21(1); 1976 Sch.4 21
[^c21585961]: Source-1970 s.21(3); 1975 Sch.2 6
[^c21585991]: Source-1970 s.21(5)
[^c22749951]: Word in [s. 274(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/274/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/20)
[^c23414611]: [Ss. 256A](https://www.legislation.gov.uk/ukpga/1988/1/section/256A), [256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/28) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22732361]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/1)
[^c23408751]: [S. 257AB](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [52](https://www.legislation.gov.uk/uksi/2005/3229/regulation/52)
[^c23403981]: [S. 266A](https://www.legislation.gov.uk/ukpga/1988/1/section/266A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/36) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21586011]: [S. 275](https://www.legislation.gov.uk/ukpga/1988/1/section/275) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586191]: [S. 279](https://www.legislation.gov.uk/ukpga/1988/1/section/279) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 32](https://www.legislation.gov.uk/ukpga/1988/39/section/32), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586221]: [S. 280](https://www.legislation.gov.uk/ukpga/1988/1/section/280) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586251]: [S. 281](https://www.legislation.gov.uk/ukpga/1988/1/section/281) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23411661]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/b)
[^c21586291]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) inserted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 34](https://www.legislation.gov.uk/ukpga/1988/39/section/34)
[^c21586341]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488151]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488161]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488171]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488181]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488191]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23408611]: Words in [Pt. 7 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/2) heading inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [61](https://www.legislation.gov.uk/uksi/2005/3229/regulation/61)
[^c21587501]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 51(1)(b)
[^c22754161]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/5), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c21588241]: [S. 299A](https://www.legislation.gov.uk/ukpga/1988/1/section/299A) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/1/4)
[^c23411881]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/c)
[^c22219051]: [S. 309](https://www.legislation.gov.uk/ukpga/1988/1/section/309) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/24), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22753131]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) heading substituted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753141]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753161]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22754201]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22754221]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22784701]: [S. 299B](https://www.legislation.gov.uk/ukpga/1988/1/section/299B) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/1)
[^c22784761]: [S. 300A](https://www.legislation.gov.uk/ukpga/1988/1/section/300A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/16)
[^c22784781]: [S. 301A](https://www.legislation.gov.uk/ukpga/1988/1/section/301A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/18)
[^c22784801]: [S. 303AA](https://www.legislation.gov.uk/ukpga/1988/1/section/303AA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/20)
[^c22784741]: [S. 303A](https://www.legislation.gov.uk/ukpga/1988/1/section/303A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/3)
[^c22784721]: [S. 304A](https://www.legislation.gov.uk/ukpga/1988/1/section/304A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/1); and see also the s. 304A inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/1)
[^c22219151]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) inserted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/20)
[^c23398031]: [S. 313](https://www.legislation.gov.uk/ukpga/1988/1/section/313) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 39](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/39), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)(with Sch. 7)
[^c23407871]: [S. 314](https://www.legislation.gov.uk/ukpga/1988/1/section/314) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/128), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398051]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398061]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398071]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398081]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398091]: [S. 319](https://www.legislation.gov.uk/ukpga/1988/1/section/319) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 42](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/42), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398101]: [S. 321](https://www.legislation.gov.uk/ukpga/1988/1/section/321) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 43](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/43), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407891]: [S. 322](https://www.legislation.gov.uk/ukpga/1988/1/section/322) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/129), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407901]: [S. 324](https://www.legislation.gov.uk/ukpga/1988/1/section/324) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/130), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407911]: [S. 325](https://www.legislation.gov.uk/ukpga/1988/1/section/325) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/131), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407921]: [S. 326](https://www.legislation.gov.uk/ukpga/1988/1/section/326) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/132), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21589681]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407931]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488641]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407941]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407951]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488651]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407961]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407971]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407981]: [S. 327](https://www.legislation.gov.uk/ukpga/1988/1/section/327) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 134](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/134), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407991]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/135), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791041]: [S. 328](https://www.legislation.gov.uk/ukpga/1988/1/section/328) repealed (with effect in accordance with s. 68(3)-(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/2), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23408001]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408011]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408021]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791051]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791061]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791071]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c23398111]: [S. 330](https://www.legislation.gov.uk/ukpga/1988/1/section/330) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 46](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/46), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408031]: [S. 331](https://www.legislation.gov.uk/ukpga/1988/1/section/331) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 137](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/137), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408041]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/138), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398211]: [S. 332(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408051]: [S. 332(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 139](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/139), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791081]: [S. 332(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/paragraph/10)
[^c23398241]: [S. 332(3A)(3B)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408391]: [S. 333](https://www.legislation.gov.uk/ukpga/1988/1/section/333) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408091]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/142), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22211271]: [S. 326BB](https://www.legislation.gov.uk/ukpga/1988/1/section/326BB) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/62/2)
[^c22211341]: [S. 326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326D) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 63(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/63/4)
[^c23404461]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) inserted (with effect in accordance with [s. 175(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 175(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/1)
[^c22790871]: [Ss. 329AA](https://www.legislation.gov.uk/ukpga/1988/1/section/329AA), [329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329AB) inserted (with effect in accordance with [s. 150(2)-(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/1), [Sch. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/26)
[^c22790761]: [Ss. 329A](https://www.legislation.gov.uk/ukpga/1988/1/section/329A), [329B](https://www.legislation.gov.uk/ukpga/1988/1/section/329B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 142](https://www.legislation.gov.uk/ukpga/1995/4/section/142)
[^c22790851]: [S. 329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329C) inserted (8.11.1995) by [Criminal Injuries Compensation Act 1995 (c. 53)](https://www.legislation.gov.uk/ukpga/1995/53), [s. 8](https://www.legislation.gov.uk/ukpga/1995/53/section/8)
[^c22790991]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 60](https://www.legislation.gov.uk/ukpga/1999/16/section/60)
[^c22790781]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/1)
[^c22211361]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/64/1)
[^c22790951]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/77/1)
[^c23426611]: [S. 338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338B) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23499091]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) inserted (in relation to accounting periods ending on or after 1 October 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 27(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/27/3/4)
[^c21591041]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) repealed (in relation to accounting periods beginning on or after 19.3.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 71(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/71/1/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 5; and s. 339A modified in its application to accounting periods beginning before 19.3.1991 and ending on or after that date by s. 71(4) of that repealing Act
[^c22754351]: [S. 340](https://www.legislation.gov.uk/ukpga/1988/1/section/340) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22754381]: [S. 341](https://www.legislation.gov.uk/ukpga/1988/1/section/341) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22737451]: [Ss. 338-338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338) substituted for s. 338 (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/2)
[^c23426421]: [S. 342A](https://www.legislation.gov.uk/ukpga/1988/1/section/342A) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/3)
[^c23426871]: [S. 343ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/343ZA) inserted (with effect in accordance with [s. 89(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/1)
[^c23426771]: [S. 343A](https://www.legislation.gov.uk/ukpga/1988/1/section/343A) inserted (19.7.2007, the inserted subsections (2) and (3) having effect in accordance with [Sch. 6 para. 1(3)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/2)
[^c21591591]: [S. 345](https://www.legislation.gov.uk/ukpga/1988/1/section/345) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591611]: [S. 346](https://www.legislation.gov.uk/ukpga/1988/1/section/346) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591631]: [S. 347](https://www.legislation.gov.uk/ukpga/1988/1/section/347) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c23513371]: [S. 351](https://www.legislation.gov.uk/ukpga/1988/1/section/351) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 36(6), Sch.14 Part IV, Note 5 (with s. 36(3))
[^c23428261]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/149) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22742051]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) inserted (with application in accordance with [s. 85(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/1)
[^c22742571]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/1)
[^c22741721]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/4)
[^c22738711]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 123](https://www.legislation.gov.uk/ukpga/1995/4/section/123), [Sch. 22 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/2)
[^c22740501]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/1)
[^c22737861]: [S. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/1)
[^c23428351]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22737881]: [S. 353(1A)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/2)
[^c22738621]: [S. 353(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1C/1D) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22766321]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738681]: [S. 353(1E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21593131]: Source-1986 s.26(1)
[^c21593141]: Source-1972 s.75(1A), (2); 1974 s.19(1)(b)
[^c22737901]: [S. 353(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/4/5) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/3), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22740541]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740561]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740571]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593721]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740581]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593732]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4); and s. 356B substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/14)
[^c22740591]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593761]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740601]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766331]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740611]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740621]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594001]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740631]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517651]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740641]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517661]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740651]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740661]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594191]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/48/2)
[^c21594501]: Source-1974 Sch.1 24; 1984 s.22(3)
[^c22740671]: [S. 365(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/aa) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/1)
[^c22740711]: Words in [s. 365(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/d) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/2)
[^c22740691]: [S. 365(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AA) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/2)
[^c22740751]: [S. 365(1AB)-(1AD)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AB) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/3)
[^c21594511]: [S. 365(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A/1B) inserted (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 57(3)(5)(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/57/3/5/6)
[^c22740731]: [S. 365(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A) substituted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/4)
[^c22741761]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/a)
[^c22741781]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/b)
[^c21594531]: Source-1972 Sch.10 7; 1974 Sch.1 25(1)
[^c21594541]: Source-1972 Sch.10 8, 9
[^c22740771]: [S. 367(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594731]: [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1988-89) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 41](https://www.legislation.gov.uk/ukpga/1988/39/section/41) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1989-90) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 46](https://www.legislation.gov.uk/ukpga/1989/26/section/46) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1990-91) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 71](https://www.legislation.gov.uk/ukpga/1990/29/section/71) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1991-92) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 26](https://www.legislation.gov.uk/ukpga/1991/31/section/26) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(4)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/4) (with [s. 10(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/5)) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1993-94) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 55](https://www.legislation.gov.uk/ukpga/1993/34/section/55) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 80](https://www.legislation.gov.uk/ukpga/1994/9/section/80) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 76](https://www.legislation.gov.uk/ukpga/1996/8/section/76) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1997-98) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 57](https://www.legislation.gov.uk/ukpga/1997/16/section/57) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1998-99) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 16](https://www.legislation.gov.uk/ukpga/1997/58/section/16) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1999-2000) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 37](https://www.legislation.gov.uk/ukpga/1999/16/section/37)
[^c21594751]: Source-1972 Sch.9 5(1A); 1984 s.22(1)(c)
[^c22740841]: Words in [s. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/4)
[^c23438171]: [S. 367A](https://www.legislation.gov.uk/ukpga/1988/1/section/367A) inserted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/47) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c22740881]: [S. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) excluded (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(2)-(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/2)
[^c21594981]: Source-1982 s.26(1), (2)
[^c22738251]: Words in [s. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/3)
[^c22740901]: [S. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4)
[^c22741801]: Words in [s. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/3)
[^c22738291]: [S. 369(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/3) substituted for s. 369(3)-(5B) (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/4)
[^c21595061]: Source-1982 s.26(7)
[^c21595071]: [S. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 58(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/58/1/2)
[^c22739921]: [S. 369(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/a) substituted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/a)
[^c22739941]: Words in [s. 369(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/b) inserted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/b)
[^c22739961]: Words in [s. 369(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/c)
[^c22739901]: Words in [s. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/d)
[^c22739981]: [S. 369(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/8/9) inserted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/3)
[^c21595181]: Source-1982 Sch.7 2(1)-(3)
[^c22741051]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/a)
[^c22740921]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22738311]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/a)
[^c22740941]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766391]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/b)
[^c23428491]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 155](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/155) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22740991]: [S. 370(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/c) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741001]: [S. 370(3)(4)(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4/6/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/4), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595261]: Source-1982 Sch.7 3(1)-(3)
[^c22741071]: Words in [s. 370(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/5)
[^c22738331]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/2)
[^c22739101]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21595301]: [S. 371](https://www.legislation.gov.uk/ukpga/1988/1/section/371) repealed (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c22741091]: [S. 372](https://www.legislation.gov.uk/ukpga/1988/1/section/372) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595331]: Source-1982 Sch.7 5(1)-(3); 1985 s.37(2)
[^c22741111]: Words in [s. 373(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741131]: [S. 370(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595421]: Source-1982 Sch.7 5(4); 1983 s.17(2); 1985 s.37(3)
[^c22741161]: Words in [s. 373(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/5) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/c), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595431]: Source-1982 Sch.7 6(1), (2)
[^c22741201]: Words in [s. 373(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/6) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/3)
[^c22741181]: Words in [s. 373(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/d), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595441]: Source-1982 Sch.7 7(1)(a)-(c)
[^c22741221]: [S. 374(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/1/c) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595461]: Source-1982 Sch.7 7(1)(d), (4), (5)
[^c21595471]: Source-1982 Sch.7 7(2)(3)
[^c22741241]: Words in [s. 374(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740041]: Words in [s. 374A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/374A/4) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/7), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21595481]: Source-1982 Sch.7 8
[^c22739311]: [S. 375(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/2/aa) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/2)
[^c22738351]: Words in [s. 375(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/3) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/11)
[^c22739331]: [S. 375(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4/4A) substituted for s. 375(4) (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/3)
[^c22740001]: Words in [s. 375(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4) substituted (with effect in accordance with [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/8)
[^c21595491]: Source-1982 Sch.7 9(1)
[^c21595501]: Source-1982 Sch.7 10(1), (2)
[^c21595511]: Source-1982 Sch.7 11
[^c22739351]: [S. 375(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/4)
[^c22741301]: [S. 375(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8B) inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/1)
[^c22741321]: [S. 375(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/9/10) repealed (with effect in accordance with Sch. 4 para. 18(1) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 1
[^c22741261]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/10), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595831]: Source-1982 Sch.7 13
[^c23427621]: Words in [s. 376(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 52](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/52) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22741351]: Words in [s. 376(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/3) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595841]: Source-1982 Sch.7 14(1); 1983 s.17(3)
[^c22741981]: [S. 376(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/d) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [3(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/3/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22742071]: [S. 376(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/e) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/a)
[^c21595861]: [1985 c. 50](https://www.legislation.gov.uk/ukpga/1985/50).
[^c22742091]: [S. 376(4)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/g) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/b)
[^c21595881]: [1981 c.64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21595891]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c22740371]: [S. 376(4)(ka)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/ka) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140(2)](https://www.legislation.gov.uk/ukpga/1998/38/section/140/2), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 55](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/55); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22740411]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22740391]: [S. 376(4)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/n) repealed (1.10.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 152](https://www.legislation.gov.uk/ukpga/1998/38/section/152), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 18 Pt. 4](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/4); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 4](https://www.legislation.gov.uk/uksi/1998/2244/article/4)
[^c22742111]: [S. 376(4)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/p) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/c)
[^c21595911]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/3/3), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22742131]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/3)
[^c22738411]: [S. 376(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/5) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/1/b), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741371]: [S. 376(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/6) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22742151]: [S. 376A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376A/1A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 24](https://www.legislation.gov.uk/uksi/2001/3629/article/24)
[^c22741281]: [S. 377](https://www.legislation.gov.uk/ukpga/1988/1/section/377) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 12](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/12), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21596051]: Source-1982 s.29; 1984 s.56(2)
[^c22741391]: [S. 378(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/1/2/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741431]: Words in [s. 378(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/3) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/b)
[^c22742171]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "contracts of general insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 25](https://www.legislation.gov.uk/uksi/2001/3629/article/25)
[^c22738471]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "prescribed" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741461]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "qualifying lender" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766421]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "regulations" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741491]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "separated" inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/c)
[^c22739291]: [S. 374A](https://www.legislation.gov.uk/ukpga/1988/1/section/374A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/1)
[^c22739391]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/18)
[^c22738431]: [S. 376A](https://www.legislation.gov.uk/ukpga/1988/1/section/376A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/2)
[^c23428671]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747921]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) cross-heading substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/26) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23428521]: Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747971]: [S. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/27) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22743591]: [S. 383](https://www.legislation.gov.uk/ukpga/1988/1/section/383) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22751071]: [S. 384A](https://www.legislation.gov.uk/ukpga/1988/1/section/384A) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/30) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22744461]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) and preceding cross-heading inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/1)
[^c21597491]: [S. 394](https://www.legislation.gov.uk/ukpga/1988/1/section/394) repealed by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c23448621]: [S. 393B](https://www.legislation.gov.uk/ukpga/1988/1/section/393B) inserted (with effect in accordance with [s. 111(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/1)
[^c21597681]: Source—1973 s.26(2); 1974 s.30(2)
[^c23442201]: [S. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D) title substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/4)
[^c22747531]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22747551]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c23550511]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) inserted (with effect in accordance with [s. 101(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/1)
[^c22749731]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) repealed (with effect in accordance with s. 93(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/1), [Sch. 20 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/21), Note
[^c22749211]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22746631]: [Ss. 403A-403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/2)
[^c22750091]: [Ss. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D), [403E](https://www.legislation.gov.uk/ukpga/1988/1/section/403E) inserted (with effect in accordance with [Sch. 27 para. 6(1)(2)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/2/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/4)
[^c23441711]: [S. 403F](https://www.legislation.gov.uk/ukpga/1988/1/section/403F) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/1)
[^c23441721]: [S. 403G](https://www.legislation.gov.uk/ukpga/1988/1/section/403G) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/2)
[^c23550441]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/124) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23553461]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553471]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553481]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553491]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553501]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553511]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553521]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553531]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553541]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c21601071]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) inserted (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/2), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22857401]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c23572391]: [S. 431ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/431ZA) inserted (with effect in accordance with [Sch. 17 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/6/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/2)
[^c22769731]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) inserted (with application in accordance with [s. 143(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 143(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/4)
[^c22771491]: [Ss. 431B-431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/2)
[^c23595831]: [Ss. 431BA](https://www.legislation.gov.uk/ukpga/1988/1/section/431BA), [431BB](https://www.legislation.gov.uk/ukpga/1988/1/section/431BB) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23595851]: [S. 431EA](https://www.legislation.gov.uk/ukpga/1988/1/section/431EA) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22892971]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771701]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771801]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771831]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771871]: [S. 433](https://www.legislation.gov.uk/ukpga/1988/1/section/433) repealed (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/5), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/2), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22771501]: Cross-heading before s. 432 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600611]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600631]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600551]: [S. 432YA](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA) inserted (8.1.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment No. 2) Order 2006 (S.I. 2006/3387)](https://www.legislation.gov.uk/uksi/2006/3387), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3387/article/1/1), [2](https://www.legislation.gov.uk/uksi/2006/3387/article/2)
[^c22787921]: [S. 432ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22801421]: [Ss. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA), [432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para 39](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/39) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23600641]: [S. 432CA](https://www.legislation.gov.uk/ukpga/1988/1/section/432CA) inserted (with effect in accordance with [s. 47(2)-(4)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/2) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 47(1)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/1)
[^c23600661]: [S. 432CB](https://www.legislation.gov.uk/ukpga/1988/1/section/432CB) inserted (with effect in accordance with [s. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/2) of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/1)
[^c22786571]: [S. 432F](https://www.legislation.gov.uk/ukpga/1988/1/section/432F) inserted (with effect in accordance with [Sch. 8 para. 53](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600531]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) inserted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 4](https://www.legislation.gov.uk/uksi/2004/3266/article/4)
[^c22772131]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/4)
[^c22789741]: [S. 434B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/1) repealed (with effect in accordance with s. 165(4)(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 165(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/165/3), [Sch. 41 Pt 5(25)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/25), Note (with Sch. 14 para. 24)
[^c22793981]: [S. 434B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/2) repealed (with effect in accordance with s. 67(7), Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/4), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22801521]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) repealed (with effect in accordance with Sch. 3 para. 26(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 26(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/26/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22808571]: [S. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22808591]: [S. 434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22772191]: [S. 435](https://www.legislation.gov.uk/ukpga/1988/1/section/435) repealed (with effect in accordance with s. 84(5)(b) of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/5), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22787941]: Words in [s. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772551]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) inserted (2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/49/1); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22809031]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) repealed (with effect in accordance with s. 87(2)(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12)
[^c22772761]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22772951]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799931]: [S. 441A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/1) repealed (with effect in accordance with Sch. 3 para. 9(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/9/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800001]: [S. 441A(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/2) repealed (with effect in accordance with Sch. 4 para. 28(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/28/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22789011]: [S. 441A(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/3) substituted for s. 441A(3)-(6) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/31) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22773211]: [S. 444A](https://www.legislation.gov.uk/ukpga/1988/1/section/444A) inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/7) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/4)
[^c22771511]: Cross-heading before s. 434 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23635511]: [Ss. 434AZA-434AZC](https://www.legislation.gov.uk/ukpga/1988/1/section/434AZA) inserted (with effect in accordance with [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 23 para. 3(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/1)
[^c22788051]: [S. 434B](https://www.legislation.gov.uk/ukpga/1988/1/section/434B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 21(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/21/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788071]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) inserted (with effect in accordance with Sch. 8 paras. 54, 57(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 22](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/22) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788091]: [Ss. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D), [434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 23(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/23/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633431]: [Ss. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A), [436B](https://www.legislation.gov.uk/ukpga/1988/1/section/436B) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/25) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22794081]: [S. 437A](https://www.legislation.gov.uk/ukpga/1988/1/section/437A) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/3)
[^c22808951]: [Ss. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B), [438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/5)
[^c22788421]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/26) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788441]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788951]: [S. 440B](https://www.legislation.gov.uk/ukpga/1988/1/section/440B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633451]: [S. 440C](https://www.legislation.gov.uk/ukpga/1988/1/section/440C) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/9) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23635311]: [S. 440D](https://www.legislation.gov.uk/ukpga/1988/1/section/440D) inserted (27.12.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [art. 3(2)](https://www.legislation.gov.uk/uksi/2007/3430/article/3/2)
[^c22789031]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 32](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/32) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789051]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 34](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/34) (with [Sch. 8 paras. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2), [57(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/2))
[^c23635331]: [Ss. 444AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZA), [444AZB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZB) inserted (19.2.2008 with effect in accordance with art. 1(5) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 9](https://www.legislation.gov.uk/uksi/2008/381/article/9)
[^c23633351]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) inserted (with effect in accordance with [Sch. 33 para. 18(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 18(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/1)
[^c23633371]: [S. 444AB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) inserted (with effect in accordance with [Sch. 33 para. 19(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 19(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/1)
[^c23633411]: [S. 444ABA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA) inserted (with effect in accordance with [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/1)
[^c23635531]: [S. 444ABAA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABAA) inserted (with effect in accordance with [s. 15(11)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/11) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 15(10)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/10)
[^c23633471]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635351]: [S. 444ABBA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABBA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 14](https://www.legislation.gov.uk/uksi/2008/381/article/14)
[^c23633491]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23633501]: [S. 444ABD](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABD) inserted (with effect in accordance with [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/5)
[^c23633521]: [Ss. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC), [444ACZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACZA) substituted for s. 444AC (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/6/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23694771]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) inserted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 8(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/1)
[^c23635371]: [Ss. 444AECA-444AECC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AECA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 22](https://www.legislation.gov.uk/uksi/2008/381/article/22)
[^c21603191]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c23710901]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21603181]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c.34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c22798771]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798781]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798791]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c21603311]: [S. 445](https://www.legislation.gov.uk/ukpga/1988/1/section/445) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/a/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603401]: [S. 446(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/1) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(b)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/b/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603411]: [S. 446(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/2/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/1/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603431]: [S. 446(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/4) repealed by [Finance Act 1990 (c. 29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 132](https://www.legislation.gov.uk/ukpga/1990/29/section/132), [Sch. 19 Pt. IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/IV).
[^c21603521]: [S. 447(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/1/2) and (4) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(c)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/c/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603541]: [S. 447(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 7(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603591]: [S. 448](https://www.legislation.gov.uk/ukpga/1988/1/section/448) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2)d), 213, Sch. 23 Pt.III (9), note
[^c21603611]: [S. 449](https://www.legislation.gov.uk/ukpga/1988/1/section/449) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(e)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/e),213, Sch. 23 Pt. III (9), note
[^c21603791]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12) notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21603971]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the repealing Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes. 1 and 5
[^c21604111]: SS. 450-457 repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604161]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), SCh. 23, Pt.III (12), notes 1 and 5)
[^c21604241]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604271]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604321]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604371]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c22885991]: [S. 458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/3)
[^c23572371]: [Ss. 444AF-444AL](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF) and preceding cross-heading inserted (with effect in accordance with [Sch. 11 para. 5(2)-(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/1)
[^c22798801]: [Ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) and preceding cross-heading inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 166](https://www.legislation.gov.uk/ukpga/1996/8/section/166), [Sch. 32 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/32/paragraph/1)
[^c21605821]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605831]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605841]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605921]: [S. 462A](https://www.legislation.gov.uk/ukpga/1988/1/section/462A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/2)
[^c21606481]: [S. 465A](https://www.legislation.gov.uk/ukpga/1988/1/section/465A) inserted (19.12.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.13](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/13), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717841]: [S. 461D](https://www.legislation.gov.uk/ukpga/1988/1/section/461D) inserted (with effect in accordance with [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/1)
[^c21607411]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(1)(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/1/5)
[^c22813161]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c21607421]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718801]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607461]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718821]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607491]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718841]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607511]: [S. 468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468D) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 79](https://www.legislation.gov.uk/ukpga/1989/26/section/79)
[^c23718861]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607561]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22790461]: [S. 468E](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c22790541]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c21607611]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753451]: [S. 468F](https://www.legislation.gov.uk/ukpga/1988/1/section/468F) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c21607651]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753471]: [S. 468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468G) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c23719061]: [S. 468A](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 16](https://www.legislation.gov.uk/ukpga/2005/22/section/16)
[^c22753401]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 111(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/111/2)
[^c23719691]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719711]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719721]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22800231]: [S. 468K](https://www.legislation.gov.uk/ukpga/1988/1/section/468K) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11)
[^c23719731]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719251]: [S. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M) substituted for ss. 468M, 468N (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/3)
[^c23719741]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719311]: Words in [s. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) sidenote inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/7)
[^c23719751]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719781]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719761]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719771]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719371]: [Ss. 468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA), [468PB](https://www.legislation.gov.uk/ukpga/1988/1/section/468PB) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(9)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/9)
[^c23719791]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22801151]: [S. 468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468R) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23721291]: [S. 470(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/1/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23)
[^c23721281]: [S. 470(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/2) ceased to have effect (29.4.1988) by virtue of s. 470(3) below and [S.I. 1988/745](https://www.legislation.gov.uk/uksi/1988/745), [art. 2](https://www.legislation.gov.uk/uksi/1988/745/article/2)
[^c22803971]: [S. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) inserted (with effect in accordance with [s. 68(3)-(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1)
[^c22801561]: [S. 471](https://www.legislation.gov.uk/ukpga/1988/1/section/471) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/1), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22801581]: [S. 472](https://www.legislation.gov.uk/ukpga/1988/1/section/472) repealed (with effect in accordance with s. 101(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/2), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 2
[^c22791901]: [S. 474(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/1/3) repealed (with effect in accordance with Sch. 7 para. 32-35, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 7 para. 18, Sch. 41 Pt. 5(2)
[^c22791931]: [S. 474(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/2) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/2), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22765331]: [S. 474(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/3) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/2)
[^c23721941]: [S. 472A](https://www.legislation.gov.uk/ukpga/1988/1/section/472A) inserted (with effect in accordance with [s. 54(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/54/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 54](https://www.legislation.gov.uk/ukpga/2004/12/section/54) (as amended (retrospectively) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7))
[^c22754241]: [Ss. 468H-468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) and cross-headings inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/2)
[^c23724591]: [S. 476](https://www.legislation.gov.uk/ukpga/1988/1/section/476) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/2), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724611]: [S. 477](https://www.legislation.gov.uk/ukpga/1988/1/section/477) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/3), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608281]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) inserted (with effect in accordance with [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 4(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/1)
[^c23724891]: [S. 478](https://www.legislation.gov.uk/ukpga/1988/1/section/478) repealed (with effect in accordance with s. 199(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23724911]: [S. 479](https://www.legislation.gov.uk/ukpga/1988/1/section/479) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/5), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724931]: [S. 480](https://www.legislation.gov.uk/ukpga/1988/1/section/480) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/6), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608511]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c21608531]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c21608541]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724731]: [S. 480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 185](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/185), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723831]: [S. 483(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/483/1)(5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/12), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c22792181]: [S. 484](https://www.legislation.gov.uk/ukpga/1988/1/section/484) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22792201]: [S. 485](https://www.legislation.gov.uk/ukpga/1988/1/section/485) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21608391]: [S. 477B](https://www.legislation.gov.uk/ukpga/1988/1/section/477B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/3/1/2)
[^c23723881]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.75](https://www.legislation.gov.uk/ukpga/1991/31/section/75)
[^c22806081]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) repealed (with effect in accordance with s. 145(11), Sch. 40 Pt. 5 Note of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 145(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/145/10), [Sch. 40 Pt. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/5)
[^c23726811]: [S. 494](https://www.legislation.gov.uk/ukpga/1988/1/section/494) sidenote substituted (with effect in accordance with [s. 38(7)-(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/5)
[^c23728641]: [S. 496](https://www.legislation.gov.uk/ukpga/1988/1/section/496) sidenote substituted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/5)
[^c22801721]: [S. 497](https://www.legislation.gov.uk/ukpga/1988/1/section/497) repealed (with effect in accordance with Sch. 3 para. 29(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 29(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/29/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22801791]: [S. 498](https://www.legislation.gov.uk/ukpga/1988/1/section/498) repealed (with effect in accordance with Sch. 3 para. 30(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 30(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/30/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 30(3))
[^c22801801]: [S. 499](https://www.legislation.gov.uk/ukpga/1988/1/section/499) repealed (with effect in accordance with Sch. 3 para. 31(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/31/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804801]: [S. 494AA](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA) inserted (with application in accordance with [s. 100(2)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/2/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/1)
[^c22801441]: [S. 494A](https://www.legislation.gov.uk/ukpga/1988/1/section/494A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 30](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/30) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23726021]: [S. 496A](https://www.legislation.gov.uk/ukpga/1988/1/section/496A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/2)
[^c23726041]: [S. 496B](https://www.legislation.gov.uk/ukpga/1988/1/section/496B) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/2)
[^c22813751]: [S. 501A](https://www.legislation.gov.uk/ukpga/1988/1/section/501A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 91](https://www.legislation.gov.uk/ukpga/2002/23/section/91), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22813901]: [S. 501B](https://www.legislation.gov.uk/ukpga/1988/1/section/501B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 92(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/92/1), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22805801]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 98](https://www.legislation.gov.uk/ukpga/1999/16/section/98)
[^c23729321]: [S. 502GB](https://www.legislation.gov.uk/ukpga/1988/1/section/502GB) inserted (with effect in accordance with [Sch. 20 para. 9(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/6) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/3)
[^c23729341]: [S. 502GC](https://www.legislation.gov.uk/ukpga/1988/1/section/502GC) inserted (with effect in accordance with [Sch. 20 para. 9(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/4)
[^c23729361]: [S. 502GD](https://www.legislation.gov.uk/ukpga/1988/1/section/502GD) inserted (with effect in accordance with [Sch. 33 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/3) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/1)
[^c23729301]: [S. 502GA](https://www.legislation.gov.uk/ukpga/1988/1/section/502GA) and preceding cross-heading inserted (with effect in accordance with [Sch. 20 para. 9(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/2)
[^c23729851]: Words in [s. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802741]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 42](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/42) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23731411]: [S. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) heading substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/g)
[^c23732981]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23733001]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/a), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c21610541]: [S. 510A](https://www.legislation.gov.uk/ukpga/1988/1/section/510A) inserted (retrospective to 1.7.1989) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 11 paras. 1](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/1), [5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/5)
[^c22809771]: [S. 511(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/1)(6) repealed (9.11.2001) by [Electricity Act 1989 (c. 29)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1989/29/section/113/2), [Sch. 18](https://www.legislation.gov.uk/ukpga/1989/29/schedule/18); [S.I. 2001/3419](https://www.legislation.gov.uk/uksi/2001/3419), [art. 2](https://www.legislation.gov.uk/uksi/2001/3419/article/2)
[^c21610641]: [S. 511(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/4/5) repealed (1.4.1992) by [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231), [art. 95(4)](https://www.legislation.gov.uk/nisi/1992/231/article/95/4), [Sch.14](https://www.legislation.gov.uk/nisi/1992/231/schedule/14); [S.R. 1992/117](https://www.legislation.gov.uk/nisr/1992/117), [art. 3(1)](https://www.legislation.gov.uk/nisr/1992/117/article/3/1)
[^c23732961]: [S. 512](https://www.legislation.gov.uk/ukpga/1988/1/section/512) repealed (with effect in accordance with s. 46(4)(c)-(e) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(c)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/c/d), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(7)); and s. 512(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23732941]: [S. 514](https://www.legislation.gov.uk/ukpga/1988/1/section/514) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 200](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/200), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611041]: [S. 519A](https://www.legislation.gov.uk/ukpga/1988/1/section/519A) inserted (17.9.1990) by [National Health Service and Community Care Act 1990 (c. 19)](https://www.legislation.gov.uk/ukpga/1990/19), [ss. 61(1)](https://www.legislation.gov.uk/ukpga/1990/19/section/61/1), [67(2)](https://www.legislation.gov.uk/ukpga/1990/19/section/67/2); [S.I. 1990/1329](https://www.legislation.gov.uk/uksi/1990/1329), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1990/1329/article/2/5/a), [Sch. 2](https://www.legislation.gov.uk/uksi/1990/1329/schedule/2)
[^c23729671]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 197](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/197) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729691]: [Ss. 506A-506C](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) inserted (with effect in accordance with [s. 54(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 54(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/1)
[^c22793631]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/1)
[^c23572351]: [Pt. 12 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5A) (ss. 502A-502L) inserted (with effect in accordance with [Sch. 8 para. 15](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/15) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/11)
[^c22781151]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781171]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781181]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781191]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734121]: Word in [s. 525](https://www.legislation.gov.uk/ukpga/1988/1/section/525) sidenote omitted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611301]: Source - 1970 s.384
[^c22771341]: [S. 527(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/3) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 5 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c23734951]: [S. 529](https://www.legislation.gov.uk/ukpga/1988/1/section/529) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/206), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781231]: [S. 530](https://www.legislation.gov.uk/ukpga/1988/1/section/530) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/47), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781731]: [S. 534](https://www.legislation.gov.uk/ukpga/1988/1/section/534) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781751]: [S. 535](https://www.legislation.gov.uk/ukpga/1988/1/section/535) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781771]: [S. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c21611651]: [Ss. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) and preceding cross-heading inserted (1.8.1989) by [Intellectual Property Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(6)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/6); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22781791]: [S. 538](https://www.legislation.gov.uk/ukpga/1988/1/section/538) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22797451]: [Pt. 13 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/1) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 20](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/20)
[^c23748731]: [S. 549](https://www.legislation.gov.uk/ukpga/1988/1/section/549) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 219](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/219), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748751]: [S. 550](https://www.legislation.gov.uk/ukpga/1988/1/section/550) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/220), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748771]: [S. 551](https://www.legislation.gov.uk/ukpga/1988/1/section/551) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/221), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782501]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23747361]: Words in [s. 552(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747041]: Words in [s. 552(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747101]: Words in [s. 552(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747121]: Words in [s. 552(5)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747141]: Words in [s. 552(5)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747161]: Words in [s. 552(5)(c)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/v) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747061]: [S. 552(5)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/e) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747081]: [S. 552(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747031]: [S. 552(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/5)
[^c23747181]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747221]: Words in [s. 552(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747321]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): words in definition of "amount" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747341]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): definition of "chargeable event" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748321]: Words in [s. 552ZA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 223](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/223) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22780521]: [S. 522A](https://www.legislation.gov.uk/ukpga/1988/1/section/522A) restricted (6.4.1999) by [The Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881)](https://www.legislation.gov.uk/uksi/1999/881), [reg. 11(2)](https://www.legislation.gov.uk/uksi/1999/881/regulation/11/2)
[^c23748121]: Words in [s. 552A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22797621]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12) power exercised: 6.4.1999 appointed by [S.I. 1999/881](https://www.legislation.gov.uk/uksi/1999/881), [reg. 3](https://www.legislation.gov.uk/uksi/1999/881/regulation/3)
[^c23748061]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "capital redemption policy" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748081]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "contract for a life annuity" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748101]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "policy of life insurance" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782541]: [S. 552B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/2) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 19](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/19)
[^c23748261]: [S. 552B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748791]: [S. 554](https://www.legislation.gov.uk/ukpga/1988/1/section/554) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/229), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777841]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/3/2) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16))
[^c22780461]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 35(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/35/7), [36(3)-(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/36/3) (as amended by [The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174)](https://www.legislation.gov.uk/uksi/1998/3174), [reg. 12](https://www.legislation.gov.uk/uksi/1998/3174/regulation/12))
[^c22780481]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999 with effect in accordance with reg. 1 of the affecting S.I.) by [The Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029)](https://www.legislation.gov.uk/uksi/1999/1029), [reg. 6(2)-(8)](https://www.legislation.gov.uk/uksi/1999/1029/regulation/6/2) (as amended (6.4.2002) by [The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002 (S.I. 2002/455)](https://www.legislation.gov.uk/uksi/2002/455), [regs. 1](https://www.legislation.gov.uk/uksi/2002/455/regulation/1), [2](https://www.legislation.gov.uk/uksi/2002/455/regulation/2))
[^c23735051]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/3)
[^c23735061]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/15)
[^c23735091]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [2(1)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/2/1), [38(3)-(8)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/38/3); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23735101]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 14(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/14/5)
[^c23735071]: [S. 539ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/539ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23735031]: [S. 539A](https://www.legislation.gov.uk/ukpga/1988/1/section/539A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/2)
[^c22782261]: [S. 546A](https://www.legislation.gov.uk/ukpga/1988/1/section/546A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/9)
[^c22782281]: [Ss. 546B-546D](https://www.legislation.gov.uk/ukpga/1988/1/section/546B) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/10)
[^c22779141]: [S. 547A](https://www.legislation.gov.uk/ukpga/1988/1/section/547A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/2)
[^c23735111]: [Ss. 548A](https://www.legislation.gov.uk/ukpga/1988/1/section/548A), [548B](https://www.legislation.gov.uk/ukpga/1988/1/section/548B) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/1)
[^c22779161]: [Ss. 551A](https://www.legislation.gov.uk/ukpga/1988/1/section/551A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/3)
[^c22782521]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23748041]: [S. 552ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZB) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/10)
[^c22779181]: [Ss. 552A](https://www.legislation.gov.uk/ukpga/1988/1/section/552A), [552B](https://www.legislation.gov.uk/ukpga/1988/1/section/552B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 87](https://www.legislation.gov.uk/ukpga/1998/36/section/87)
[^c22779201]: [S. 553A](https://www.legislation.gov.uk/ukpga/1988/1/section/553A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/1)
[^c22779221]: [S. 553B](https://www.legislation.gov.uk/ukpga/1988/1/section/553B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/2)
[^c22779241]: [S. 553C](https://www.legislation.gov.uk/ukpga/1988/1/section/553C) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 89](https://www.legislation.gov.uk/ukpga/1998/36/section/89)
[^c22779781]: Word in [s. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) sidenote substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23749261]: [S. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/231), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775021]: [S. 563](https://www.legislation.gov.uk/ukpga/1988/1/section/563) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/5), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22783081]: [S. 559A](https://www.legislation.gov.uk/ukpga/1988/1/section/559A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/1)
[^c21614031]: Source-1970 s.406
[^c23749561]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22779901]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21614041]: Source-1970 s.407; 1971 Sch.6 45
[^c21614051]: Source-1970 s.408
[^c22779911]: Words in [s. 570(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22776131]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776471]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/b)
[^c22776501]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/c)
[^c22776521]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) added (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/d)
[^c21614061]: Source-1970 s.409
[^c21614071]: Source-1970 s.410
[^c23754361]: [S. 576A](https://www.legislation.gov.uk/ukpga/1988/1/section/576A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/121) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754401]: [S. 576C](https://www.legislation.gov.uk/ukpga/1988/1/section/576C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754421]: [S. 576D](https://www.legislation.gov.uk/ukpga/1988/1/section/576D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/124) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754441]: [S. 576E](https://www.legislation.gov.uk/ukpga/1988/1/section/576E) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754461]: [S. 576F](https://www.legislation.gov.uk/ukpga/1988/1/section/576F) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 126](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/126) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754481]: [S. 576G](https://www.legislation.gov.uk/ukpga/1988/1/section/576G) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754501]: [S. 576H](https://www.legislation.gov.uk/ukpga/1988/1/section/576H) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/128) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754521]: [S. 576I](https://www.legislation.gov.uk/ukpga/1988/1/section/576I) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/129) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754581]: [S. 576K](https://www.legislation.gov.uk/ukpga/1988/1/section/576K) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/131) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754381]: [S. 576B](https://www.legislation.gov.uk/ukpga/1988/1/section/576B) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/122) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754541]: [S. 576J](https://www.legislation.gov.uk/ukpga/1988/1/section/576J) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/130) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754561]: [S. 576L](https://www.legislation.gov.uk/ukpga/1988/1/section/576L) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/132) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614481]: [S. 577A](https://www.legislation.gov.uk/ukpga/1988/1/section/577A) inserted (with application in accordance with [s. 123(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/2) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 123(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/1/2)
[^c23762911]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762931]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762951]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762971]: [S. 581](https://www.legislation.gov.uk/ukpga/1988/1/section/581) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/241), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614611]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/1)
[^c23762991]: [S. 583](https://www.legislation.gov.uk/ukpga/1988/1/section/583) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 244](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/244), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763011]: [S. 585](https://www.legislation.gov.uk/ukpga/1988/1/section/585) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 246](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/246), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614811]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/1) (with application as referred to in Sch. 12 para. 5 of that Act)
[^c22783241]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) sidenote substituted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/4)
[^c23762891]: [S. 589](https://www.legislation.gov.uk/ukpga/1988/1/section/589) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 68](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/68), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614841]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c21614851]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c23762491]: [S. 589B(1)-(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22782811]: [S. 589B(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/4/4A) substituted for s. 589B(4) (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 13](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/13)
[^c22781691]: [Ss. 578A](https://www.legislation.gov.uk/ukpga/1988/1/section/578A), [578B](https://www.legislation.gov.uk/ukpga/1988/1/section/578B) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 52](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/52) (with [Sch. 3 para. 113](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/113))
[^c22776541]: [Ss. 580A](https://www.legislation.gov.uk/ukpga/1988/1/section/580A), [580B](https://www.legislation.gov.uk/ukpga/1988/1/section/580B) inserted (with effect in accordance with [s. 143(2)-(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 143(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/1)
[^c23754861]: [S. 580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580C) inserted (with effect in accordance with [s. 147(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/3)
[^c23754881]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 242](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/242) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781081]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1)
[^c23754901]: [S. 587BA](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/138) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783361]: [S. 587C](https://www.legislation.gov.uk/ukpga/1988/1/section/587C) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/5)
[^c23754351]: [Pt 13 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/6): ss. 573, 575 and 576 transposed to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 paras. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3), [119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7), [120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733521]: [Pt. 13 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/5A) created (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23485291]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561951]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485311]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561971]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485321]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561981]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c23485331]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485341]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23561961]: [S. 591A](https://www.legislation.gov.uk/ukpga/1988/1/section/591A) inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s.35](https://www.legislation.gov.uk/ukpga/1991/31/section/35)
[^c23485351]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21615481]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) inserted (retrospectively) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 36(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/1/3)
[^c23485361]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485371]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485381]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22888681]: [Ss. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C), [591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591D) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1)
[^c23485391]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485401]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485411]: [Ss. 590-594](https://www.legislation.gov.uk/ukpga/1988/1/section/590) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23481531]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481551]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23561991]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481561]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23562001]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481571]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481581]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481591]: [S. 597](https://www.legislation.gov.uk/ukpga/1988/1/section/597) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 76](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/76), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485421]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23485431]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23562471]: [S. 599A](https://www.legislation.gov.uk/ukpga/1988/1/section/599A) inserted (with effect in accordance with [Sch. 6 para. 18(9)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/9) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/12)
[^c23485441]: [Ss. 598-599A](https://www.legislation.gov.uk/ukpga/1988/1/section/598) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36) (with savings in [S.I. 2006/5072](https://www.legislation.gov.uk/uksi/2006/5072), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/5072/article/1/1), [38](https://www.legislation.gov.uk/uksi/2006/5072/article/38))
[^c23481601]: [S. 600](https://www.legislation.gov.uk/ukpga/1988/1/section/600) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 78](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/78), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485451]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485461]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485471]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22891971]: [S. 596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C) inserted (with effect in accordance with [s. 93(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3)
[^c23485481]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485491]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485501]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485511]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485521]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485531]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485541]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485551]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485561]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485571]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485591]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21616331]: [S. 611A](https://www.legislation.gov.uk/ukpga/1988/1/section/611A) inserted (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 paras. 15](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/15), [18(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/1)
[^c23485581]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485601]: [Ss. 601-612](https://www.legislation.gov.uk/ukpga/1988/1/section/601) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22887611]: [S. 605A](https://www.legislation.gov.uk/ukpga/1988/1/section/605A) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 106(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/1)
[^c22892311]: [S. 606A](https://www.legislation.gov.uk/ukpga/1988/1/section/606A) inserted (with effect in accordance with [Sch. 15 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/1)
[^c22887691]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) inserted (with application in accordance with [s. 103(3)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/3) of the amending Act) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/1)
[^c21614871]: [Pt. 14 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/1) (ss. 590-612) modified (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 18](https://www.legislation.gov.uk/ukpga/1993/8/section/18), [19(4)](https://www.legislation.gov.uk/ukpga/1993/8/section/19/4), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21616421]: Source-1970 s.211(1), (4)
[^c23481791]: [S. 613(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616441]: Source-1970 s.211(2) 1981 s.50(1); PPA 1987 Sch.3 2(1)
[^c23486211]: Word in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486231]: [S. 613(4)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/b) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/a), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893861]: [S. 613(4)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/bb) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c23486181]: Words in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 26(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/26/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22887731]: [S. 614(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/1) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c21616501]: Source-1970 s.213(1)
[^c21616511]: [1935 c. 2](https://www.legislation.gov.uk/ukpga/1935/2).
[^c21616521]: [1973 c. 21](https://www.legislation.gov.uk/ukpga/1973/21).
[^c22889521]: [S. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/34) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23483781]: Words in [s. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 261](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/261) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616531]: Source-1970 s.214(2), 216(2); 1973 s.53(1)
[^c23482251]: Words in [s. 614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 84](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/84) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616541]: Source-1970 s.217(2), (4)
[^c21616551]: [1966 c. 21](https://www.legislation.gov.uk/ukpga/1966/21).
[^c21616561]: Source-1970 s.218(1)
[^c21616571]: Source-1970 s.212(3), 213(1), 214(3), 216(2), 217(2), 218(1); 1987 Sch.15 2(13)
[^c23481801]: [S. 615(1)(2)(4)(5)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/1/2/4/5/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 85](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/85), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616951]: Source-1970 s.218(3)
[^c21616991]: Source-1970 s.218(4)
[^c22893881]: Words in [s. 615(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/6/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/11)
[^c21617001]: Source-1970 s.214(5), 215(3), 216(4), 217(4)
[^c21617011]: [1971 c. 56](https://www.legislation.gov.uk/ukpga/1971/56).
[^c22900881]: [S. 615(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/9/10) inserted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 9(3)](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/9/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c23481611]: [S. 616](https://www.legislation.gov.uk/ukpga/1988/1/section/616) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 86](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/86), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481971]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/88), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481951]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) inserted (prosp.) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/2002/21/schedule/3/paragraph/14) (the insertion being brought into force at 6.4.2003 by [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(d)(iii)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/d/iii))
[^c23485611]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485621]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485631]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485641]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485651]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485661]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485671]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485681]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485691]: [Ss. 618-626](https://www.legislation.gov.uk/ukpga/1988/1/section/618) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901101]: [S. 627](https://www.legislation.gov.uk/ukpga/1988/1/section/627) repealed (with effect as mentioned in s. 228(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 228(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/228/2/a), [Sch. 26 Pt. 5(25)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/25), Note 1
[^c23485701]: [S. 628](https://www.legislation.gov.uk/ukpga/1988/1/section/628) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22893921]: [S. 629](https://www.legislation.gov.uk/ukpga/1988/1/section/629) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21618141]: Source-1970 s.229
[^c21618151]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c23485711]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485721]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485731]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897701]: [S. 631A](https://www.legislation.gov.uk/ukpga/1988/1/section/631A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 7](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23485741]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485751]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485761]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485771]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485781]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485791]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485801]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485811]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485821]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485831]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485841]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485851]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485861]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485871]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22897721]: [Ss. 632A](https://www.legislation.gov.uk/ukpga/1988/1/section/632A), [632B](https://www.legislation.gov.uk/ukpga/1988/1/section/632B) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22888971]: [S. 634A](https://www.legislation.gov.uk/ukpga/1988/1/section/634A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/4)
[^c22889111]: [S. 636A](https://www.legislation.gov.uk/ukpga/1988/1/section/636A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/7)
[^c22889151]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c22898641]: [S. 638ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/638ZA) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 14](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/14) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22892371]: [S. 638A](https://www.legislation.gov.uk/ukpga/1988/1/section/638A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/1)
[^c23485881]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485891]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618751]: [S. 640A](https://www.legislation.gov.uk/ukpga/1988/1/section/640A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/1)
[^c23485901]: [Ss. 630-640A](https://www.legislation.gov.uk/ukpga/1988/1/section/630) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22898961]: [S. 641](https://www.legislation.gov.uk/ukpga/1988/1/section/641) repealed (with effect in accordance with Sch. 13 para. 17 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 3 (with Sch. 13 Pt. 2)
[^c23485911]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899051]: [S. 642](https://www.legislation.gov.uk/ukpga/1988/1/section/642) repealed (with effect in accordance with Sch. 13 para. 19 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 4 (with Sch. 13 Pt. 2)
[^c23485921]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485931]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485941]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485951]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21618991]: [S. 646A](https://www.legislation.gov.uk/ukpga/1988/1/section/646A) inserted (with effect in accordance with [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/1)
[^c23485961]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485971]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485981]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23485991]: [Ss. 643-646D](https://www.legislation.gov.uk/ukpga/1988/1/section/643) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22899001]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) inserted (with effect in accordance with [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899321]: [Ss. 646B](https://www.legislation.gov.uk/ukpga/1988/1/section/646B), [646C](https://www.legislation.gov.uk/ukpga/1988/1/section/646C) inserted (with effect in accordance with [Sch. 13 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899381]: [S. 646D](https://www.legislation.gov.uk/ukpga/1988/1/section/646D) inserted (with effect in accordance with [Sch. 13 para. 23(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23481621]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481631]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481641]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486001]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22889261]: Cross-heading preceding s. 648A omitted (1.5.1995) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22889231]: [S. 648B](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c23486011]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486021]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486031]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486041]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486051]: [Ss. 648B-651A](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22900041]: [S. 652](https://www.legislation.gov.uk/ukpga/1988/1/section/652) repealed (1.10.2000) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/4), [Sch. 27 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/21), Note; [S.I. 2000/2319](https://www.legislation.gov.uk/uksi/2000/2319), [art. 2](https://www.legislation.gov.uk/uksi/2000/2319/article/2)
[^c23486061]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486071]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486081]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486091]: [Ss. 653-655](https://www.legislation.gov.uk/ukpga/1988/1/section/653) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22892441]: [S. 650A](https://www.legislation.gov.uk/ukpga/1988/1/section/650A) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/1)
[^c22892461]: [S. 651A](https://www.legislation.gov.uk/ukpga/1988/1/section/651A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/1)
[^c22892481]: [S. 653A](https://www.legislation.gov.uk/ukpga/1988/1/section/653A) inserted (with effect in accordance with [s. 97(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/1)
[^c22888871]: [Pt. 14 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/5) excluded (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 60(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/5)
[^c22887791]: [S. 648A](https://www.legislation.gov.uk/ukpga/1988/1/section/648A) and preceding cross-heading inserted (with application in accordance with [s. 109(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/1)
[^c23568701]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21619451]: [S. 659](https://www.legislation.gov.uk/ukpga/1988/1/section/659) repealed (with effect in accordance with s. 81(7)(8) of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/4), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 9
[^c21619461]: [S. 659A](https://www.legislation.gov.uk/ukpga/1988/1/section/659A) inserted (with effect in accordance with [s. 81(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/5) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/2)
[^c23486321]: Words in [s. 659A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659A/1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486111]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486131]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23486121]: [Ss. 659B-659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659B) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23568791]: [S. 659E(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/659E/2): entries repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c22901211]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 98(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/98/1)
[^c22888751]: [Ss. 659B](https://www.legislation.gov.uk/ukpga/1988/1/section/659B), [659C](https://www.legislation.gov.uk/ukpga/1988/1/section/659C) inserted (with effect in accordance with [s. 60](https://www.legislation.gov.uk/ukpga/1995/4/section/60) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/5)
[^c22901291]: [S. 659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659D) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 17](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/17)
[^c22901331]: [S. 659E](https://www.legislation.gov.uk/ukpga/1988/1/section/659E) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2)
[^c23763571]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763591]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763491]: [S. 660C(1)-(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23312361]: [S. 660C(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1A) inserted (with effect in accordance with [Sch. 4 para. 14(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/3)
[^c23763471]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763611]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763631]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763651]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763671]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23288571]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) excluded (with effect in accordance with s. 44(6) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/44/1)
[^c23288581]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) modified (with effect in accordance with s. 45(3) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/45/1)
[^c23765121]: [S. 677](https://www.legislation.gov.uk/ukpga/1988/1/section/677) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/274), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765141]: [S. 678](https://www.legislation.gov.uk/ukpga/1988/1/section/678) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/275), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313211]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313231]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313241]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23765161]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765181]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900941]: [Pt. 15 Ch. 1B](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1B) heading inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/8)
[^c23313251]: [S. 682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/11)
[^c22900961]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900971]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900981]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900991]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313571]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) sidenote substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/8)
[^c23767191]: [S. 688](https://www.legislation.gov.uk/ukpga/1988/1/section/688) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 279](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/279), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313831]: [S. 689](https://www.legislation.gov.uk/ukpga/1988/1/section/689) repealed (with effect in accordance with s. 74(2), Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/15), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22901001]: Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765271]: [Ss. 685A-685G](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) inserted (coming into force and with effect in accordance with [Sch. 13 para. 1(2)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/1)
[^c23313651]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/9)
[^c23765231]: [Ss. 686B](https://www.legislation.gov.uk/ukpga/1988/1/section/686B), [686C](https://www.legislation.gov.uk/ukpga/1988/1/section/686C) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 100](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/100) (with [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23765251]: [S. 686D](https://www.legislation.gov.uk/ukpga/1988/1/section/686D) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/1)
[^c23765291]: [S. 686E](https://www.legislation.gov.uk/ukpga/1988/1/section/686E) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/2/3)
[^c23313631]: [S. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) inserted (with effect in accordance with [s. 27(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 27(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/1)
[^c22900951]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) heading substituted for heading before s. 686 (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765221]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 457(1)(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/457/1/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767891]: [S. 694](https://www.legislation.gov.uk/ukpga/1988/1/section/694) sidenote substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/4/paragraph/2)
[^c23288561]: [Pt. 15](https://www.legislation.gov.uk/ukpga/1988/1/part/15) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 6(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22900921]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) inserted (in place of ss. 660-676, 683-685) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/1)
[^c23313851]: [Pt. 15 Ch. 1D](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1D) (ss. 689A, 689B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16)
[^c23769431]: Word in [s. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621991]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23770801]: [S. 699](https://www.legislation.gov.uk/ukpga/1988/1/section/699) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 289](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/289), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901551]: [S. 699A](https://www.legislation.gov.uk/ukpga/1988/1/section/699A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/4)
[^c23314131]: [Ss. 705A](https://www.legislation.gov.uk/ukpga/1988/1/section/705A), [705B](https://www.legislation.gov.uk/ukpga/1988/1/section/705B) inserted (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/24)
[^c22992681]: [S. 724](https://www.legislation.gov.uk/ukpga/1988/1/section/724) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c21624971]: [S. 725](https://www.legislation.gov.uk/ukpga/1988/1/section/725) repealed (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c21625001]: [S. 726](https://www.legislation.gov.uk/ukpga/1988/1/section/726) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21625011]: [S. 726A](https://www.legislation.gov.uk/ukpga/1988/1/section/726A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/2), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c23006161]: [S. 722A](https://www.legislation.gov.uk/ukpga/1988/1/section/722A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/6)
[^c22903261]: [S. 727A](https://www.legislation.gov.uk/ukpga/1988/1/section/727A) inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/1) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c22992701]: [S. 729](https://www.legislation.gov.uk/ukpga/1988/1/section/729) repealed (with effect in accordance with s. 159(1)(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23774521]: [S. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) heading substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/12)
[^c23782261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 301](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/301), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22903331]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/1)
[^c23774831]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 12](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/12)
[^c23006261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/7)
[^c21625441]: [S. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2(a)](https://www.legislation.gov.uk/uksi/1992/173/regulation/2/a); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(a)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/a), [4(1)](https://www.legislation.gov.uk/uksi/1993/933/regulation/4/1))
[^c23131691]: [S. 737](https://www.legislation.gov.uk/ukpga/1988/1/section/737) repealed (with effect in accordance with Sch. 10 para. 16(1), Sch. 18 Pt. 6(10) Notes 3, 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 8](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/8), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3)); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23130271]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) inserted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776191]: [S. 736C](https://www.legislation.gov.uk/ukpga/1988/1/section/736C) inserted (with effect in accordance with [Sch. 6 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/1)
[^c23776211]: [S. 736D](https://www.legislation.gov.uk/ukpga/1988/1/section/736D) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/3)
[^c22902581]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 122](https://www.legislation.gov.uk/ukpga/1994/9/section/122)
[^c23781481]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by virtue of [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/4)
[^c22903631]: [Ss. 737D](https://www.legislation.gov.uk/ukpga/1988/1/section/737D), [737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 83(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/83/1)
[^c23782541]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/4/5)
[^c23782681]: [S. 742](https://www.legislation.gov.uk/ukpga/1988/1/section/742) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/5/6)
[^c23782561]: [S. 741A](https://www.legislation.gov.uk/ukpga/1988/1/section/741A) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/3)
[^c23782581]: [Ss. 741B](https://www.legislation.gov.uk/ukpga/1988/1/section/741B), [741C](https://www.legislation.gov.uk/ukpga/1988/1/section/741C) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/4)
[^c23782601]: [S. 741D](https://www.legislation.gov.uk/ukpga/1988/1/section/741D) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/5)
[^c23787951]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 24(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/24/1), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23228321]: [S. 748](https://www.legislation.gov.uk/ukpga/1988/1/section/748) sidenote substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229041]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228571]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228611]: [S. 753](https://www.legislation.gov.uk/ukpga/1988/1/section/753) repealed (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229001]: [S. 755](https://www.legislation.gov.uk/ukpga/1988/1/section/755) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/12), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22903691]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/2)
[^c23783101]: [S. 748ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/5)
[^c23312911]: [S. 748A](https://www.legislation.gov.uk/ukpga/1988/1/section/748A) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/2)
[^c23229061]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23310811]: [S. 750A](https://www.legislation.gov.uk/ukpga/1988/1/section/750A) inserted (with effect in accordance with [Sch. 31 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3)
[^c23783061]: [S. 751AA](https://www.legislation.gov.uk/ukpga/1988/1/section/751AA) inserted (with effect in accordance with [Sch. 16 para. 25](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/25) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 23](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/23)
[^c23783081]: [S. 751AB](https://www.legislation.gov.uk/ukpga/1988/1/section/751AB) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/2)
[^c23783121]: [S. 751AC](https://www.legislation.gov.uk/ukpga/1988/1/section/751AC) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/7)
[^c23228591]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229081]: [S. 754A](https://www.legislation.gov.uk/ukpga/1988/1/section/754A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229101]: [S. 754B](https://www.legislation.gov.uk/ukpga/1988/1/section/754B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229121]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229141]: [S. 755B](https://www.legislation.gov.uk/ukpga/1988/1/section/755B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/14); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229161]: [S. 755C](https://www.legislation.gov.uk/ukpga/1988/1/section/755C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/15); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23311081]: [S. 755D](https://www.legislation.gov.uk/ukpga/1988/1/section/755D) inserted (with effect in accordance with [Sch. 31 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/1)
[^c23790471]: [S. 764](https://www.legislation.gov.uk/ukpga/1988/1/section/764) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 23](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/23), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23788241]: [Ss. 762ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZA), [762ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZB) inserted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 94](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/94)
[^c23788221]: [S. 762A](https://www.legislation.gov.uk/ukpga/1988/1/section/762A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788201]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) and preceding cross-headings inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21627061]: [S. 765A](https://www.legislation.gov.uk/ukpga/1988/1/section/765A) inserted (with effect in accordance with [s. 68(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/2)
[^c21627211]: [S. 768A](https://www.legislation.gov.uk/ukpga/1988/1/section/768A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 20(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/1)
[^c23790991]: [S. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B) sidenote substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/7)
[^c23229571]: [S. 767AA](https://www.legislation.gov.uk/ukpga/1988/1/section/767AA) inserted (with effect in accordance with [s. 114(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/1)
[^c23229591]: [S. 767C](https://www.legislation.gov.uk/ukpga/1988/1/section/767C) inserted (with effect in accordance with [s. 115(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 115(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/1)
[^c22903801]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/2)
[^c23229611]: [S. 768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 31](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/31) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23313061]: [S. 768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768E) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/3)
[^c23229641]: [S. 770A](https://www.legislation.gov.uk/ukpga/1988/1/section/770A) substituted for ss. 770-773 (with effect in accordance with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23790671]: [S. 775A](https://www.legislation.gov.uk/ukpga/1988/1/section/775A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/1)
[^c23790691]: [Ss. 785ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZA), [785ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZB) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/2)
[^c23790651]: [S. 785A](https://www.legislation.gov.uk/ukpga/1988/1/section/785A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 135(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/1)
[^c23790751]: [Ss. 785B-785E](https://www.legislation.gov.uk/ukpga/1988/1/section/785B) inserted (with effect in accordance with [Sch. 20 para. 1(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 1(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/1) (with transitional modifications in [Sch. 20 para. 1(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/3))
[^c23790711]: [Ss. 774A-774G](https://www.legislation.gov.uk/ukpga/1988/1/section/774A) and preceding cross-heading inserted (with effect in accordance with [Sch. 6 para. 6(2)-(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/1)
[^c22810311]: Word in [s. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c21627711]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22894971]: Word in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/3)
[^c22895131]: Words in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/3)
[^c22894431]: [S. 793A](https://www.legislation.gov.uk/ukpga/1988/1/section/793A) inserted (with effect in accordance with [Sch. 30 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/1)
[^c22894451]: [S. 795A](https://www.legislation.gov.uk/ukpga/1988/1/section/795A) inserted (with effect in accordance with [Sch. 30 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/1)
[^c22894321]: [S. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/43) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894681]: [S. 797B](https://www.legislation.gov.uk/ukpga/1988/1/section/797B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/4)
[^c22894341]: [S. 798A](https://www.legislation.gov.uk/ukpga/1988/1/section/798A) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 104](https://www.legislation.gov.uk/ukpga/1998/36/section/104)
[^c22894361]: [S. 798B](https://www.legislation.gov.uk/ukpga/1988/1/section/798B) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 105](https://www.legislation.gov.uk/ukpga/1998/36/section/105)
[^c23803101]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c22895851]: [S. 800](https://www.legislation.gov.uk/ukpga/1988/1/section/800) repealed (with effect in accordance with Sch. 30 para. 10(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/10/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22896251]: [S. 802](https://www.legislation.gov.uk/ukpga/1988/1/section/802) repealed (with effect in accordance with Sch. 30 para. 14(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 14(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/14/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895991]: [S. 801A](https://www.legislation.gov.uk/ukpga/1988/1/section/801A) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/1)
[^c22896011]: [S. 801B](https://www.legislation.gov.uk/ukpga/1988/1/section/801B) inserted (with effect in accordance with [Sch. 30 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/1)
[^c22896031]: [S. 801C](https://www.legislation.gov.uk/ukpga/1988/1/section/801C) inserted (with effect in accordance with [Sch. 30 para. 13(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/1)
[^c22896051]: [S. 803A](https://www.legislation.gov.uk/ukpga/1988/1/section/803A) inserted (with effect in accordance with [Sch. 30 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/1)
[^c22897451]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) sidenote substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/5)
[^c21628031]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) inserted (with effect in accordance with [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/5)
[^c23804151]: [Ss. 804ZA-804ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA) inserted (with effect in accordance with [s. 87(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/1)
[^c22897151]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) inserted (with effect in accordance with [Sch. 30 para. 17(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 17(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/1)
[^c22897171]: [Ss. 804C-804E](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) inserted (with effect in accordance with [Sch. 30 para. 18(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/1)
[^c22897191]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) inserted (with effect in accordance with [Sch. 30 para. 19(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/1)
[^c23804171]: [S. 804G](https://www.legislation.gov.uk/ukpga/1988/1/section/804G) inserted (with effect in accordance with [s. 59(13)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/13) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/2)
[^c21627851]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22897951]: [Ss. 806A-806H](https://www.legislation.gov.uk/ukpga/1988/1/section/806A), [806J](https://www.legislation.gov.uk/ukpga/1988/1/section/806J) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 21(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/1)
[^c22897971]: [S. 806K](https://www.legislation.gov.uk/ukpga/1988/1/section/806K) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/1)
[^c22897991]: [Ss. 806L](https://www.legislation.gov.uk/ukpga/1988/1/section/806L), [806M](https://www.legislation.gov.uk/ukpga/1988/1/section/806M) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 23(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/1)
[^c21628131]: [S. 808A](https://www.legislation.gov.uk/ukpga/1988/1/section/808A) inserted (16.7.1992 with application in relation to interest paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.52](https://www.legislation.gov.uk/ukpga/1992/48/section/52)
[^c22899601]: [S. 810](https://www.legislation.gov.uk/ukpga/1988/1/section/810) repealed (with effect in accordance with Sch. 30 para. 26(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 26(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/26/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c21628341]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 50](https://www.legislation.gov.uk/ukpga/1992/48/section/50)
[^c21628361]: [S. 815B](https://www.legislation.gov.uk/ukpga/1988/1/section/815B) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/1)
[^c22900261]: Word in [s. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c23811001]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c22898071]: [S. 807A](https://www.legislation.gov.uk/ukpga/1988/1/section/807A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/46) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22898091]: [S. 808B](https://www.legislation.gov.uk/ukpga/1988/1/section/808B) inserted (with effect in accordance with [Sch. 30 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/1)
[^c23806191]: [S. 815AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AZA) inserted (with effect in accordance with [s. 59(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/1)
[^c22898111]: [S. 815AA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA) inserted (with effect in accordance with [Sch. 30 para. 28(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 28(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/1)
[^c22898131]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/1)
[^c22900391]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/10) (as amended by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 122(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/122/4/5)) (with Sch. 20 para. 12(2)(a))
[^c22900401]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87)
[^c23798871]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 107(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/107/5)
[^c23798881]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12E(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16))
[^c23798891]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30E(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19))
[^c23798901]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12C(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8))
[^c23798911]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10))
[^c23798921]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87A(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87A/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/12))
[^c23798931]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 140H(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140H/3), [140I(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140I/3), [140J(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140J/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1))
[^c23798941]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 paras. 12H(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12H/3), [12I(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12I/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/2))
[^c23798951]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 paras. 30G(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30G/3), [30H(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30H/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/4))
[^c23798961]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 85B(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85B/3), [85C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85C/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/5))
[^c23798971]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23798981]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (with effect in accordance with s. 56(3) of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2009/10/section/56/1)
[^c23812421]: [S. 820](https://www.legislation.gov.uk/ukpga/1988/1/section/820) applied (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)(2)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1/2), [Sch. 2 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/160)
[^c21628511]: Source—1970 s.520
[^c21628521]: Source—1970 s.521; 1972 Sch.24 29; 1983 s.27.
[^c23812431]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812451]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812471]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812491]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812521]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800531]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/22)
[^c23812541]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628531]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(7)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/7); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816) art. 2
[^c22800561]: [S. 821(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21628541]: Source—1970 s.522; 1971 Sch.6 76; 1972 Sch.24 30
[^c22800621]: Words in [s. 822(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/822/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/23)
[^c21628821]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173](https://www.legislation.gov.uk/ukpga/1993/34/section/173), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3), [Sch. 19 Pt. III para. 13(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19/part/III/paragraph/13/4)
[^c22800861]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c23813151]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4)
[^c22800701]: [S. 824(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21628871]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/b)
[^c21628881]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801911]: [S. 824(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(d)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/d)
[^c22801811]: [S. 824(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2B) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/2)
[^c22801851]: [S. 824(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2C) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/2)
[^c22800731]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23813081]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 108](https://www.legislation.gov.uk/ukpga/2004/12/section/108)
[^c22801831]: [S. 824(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/aa) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/3)
[^c22801871]: [S. 824(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/ab) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/3)
[^c22800891]: [S. 824(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/a/b) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/2)
[^c22800931]: Words in [s. 824(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/c) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/3)
[^c22800911]: [S. 824(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4/4A) substituted for s. 824(4) (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/4)
[^c23813061]: Words in [s. 824(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 104](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/104) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800751]: [S. 824(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/5) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/a), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629001]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(f)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/f)
[^c21629011]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c23813131]: [S. 824(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629031]: Source—1975 (No.2) s.47(11), (12).
[^c23813111]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800791]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/b), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629041]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 110(5)(6)-(9)](https://www.legislation.gov.uk/ukpga/1989/26/section/110/5/6)
[^c23813161]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 33](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/33) (as amended by [The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569)](https://www.legislation.gov.uk/uksi/2006/569), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/569/regulation/1/1), [5(6)(7)](https://www.legislation.gov.uk/uksi/2006/569/regulation/5/6/7)) (with Sch. 36)
[^c21629051]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 111(4)(5)-(8)](https://www.legislation.gov.uk/ukpga/1989/26/section/111/4/5)
[^c22800811]: [S. 824(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/10) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/c), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629171]: Source—1975 (No.2) s.48(1), (2)
[^c21629181]: Words in [s. 825(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/1/a) repealed (for accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Note 6
[^c21629191]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) repealed (with effect in relation to payments made on and after 6.4.1993) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 158(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/158/2), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/8), Note 5; [S.I. 1993/753](https://www.legislation.gov.uk/uksi/1993/753)
[^c21629201]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) substituted (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 179(1)(a)(vii)](https://www.legislation.gov.uk/ukpga/1989/26/section/179/1/a/vii); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c21629211]: [S. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/a)
[^c21629231]: Source—1975 (No.2) s.48(4)-(9)
[^c21629241]: [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(6)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/6) [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120](https://www.legislation.gov.uk/ukpga/1995/4/section/120), [Sch. 24 para. 12(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/5)
[^c21629251]: Words in [s. 825(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.22](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22)
[^c22801931]: [S. 825(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/d) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21629271]: Words in [s. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/b)
[^c22802091]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c22803051]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) applied (with modifications) (7.1.1999 in accordance with reg. 1(2) of the affecting S.I.) by [The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175)](https://www.legislation.gov.uk/uksi/1998/3175), [reg. 8](https://www.legislation.gov.uk/uksi/1998/3175/regulation/8) (as amended by: [S.I. 2005/889](https://www.legislation.gov.uk/uksi/2005/889), [regs. 1(1)(3)](https://www.legislation.gov.uk/uksi/2005/889/regulation/1/1/3), [7](https://www.legislation.gov.uk/uksi/2005/889/regulation/7); [S.I. 2011/1785](https://www.legislation.gov.uk/uksi/2011/1785), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1785/regulation/1), [11](https://www.legislation.gov.uk/uksi/2011/1785/regulation/11); [S.I. 2017/1072](https://www.legislation.gov.uk/uksi/2017/1072), [regs. 1](https://www.legislation.gov.uk/uksi/2017/1072/regulation/1), [10](https://www.legislation.gov.uk/uksi/2017/1072/regulation/10))
[^c23813721]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)(6)(b)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4/6/b)
[^c21629411]: Source—1987 (No.2) s.87
[^c21629401]: [S. 826(1)(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/8/9) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c22801941]: [S. 826(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/2)
[^c22803111]: [S. 826(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/d) and preceding word inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/2)
[^c22803291]: [S. 826(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/e) and preceding word inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/2)
[^c22803411]: [S. 826(1)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/da) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/2)
[^c21629431]: Words in [s. 826(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1) substituted (retrospectively) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 180(6)(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/180/6/7)
[^c22802801]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/1)
[^c22801981]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 42](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/42); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22801961]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/3)
[^c22803001]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) repealed (with effect in accordance with Sch. 3 para. 38(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802821]: Words in [s. 826(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3) substituted (with effect in accordance with [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/1)
[^c22803131]: [S. 826(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3A) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/3)
[^c22803281]: [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36).
[^c22803431]: [S. 826(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3AA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/3)
[^c22803311]: [S. 826(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3B) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/3)
[^c22803071]: Words in [s. 826(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4) substituted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/a)
[^c22802121]: [S. 826(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/5)
[^c22803091]: Words in [s. 826(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a/i) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/b)
[^c22802981]: [S. 826(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5A) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/4)
[^c22803021]: [S. 826(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7) repealed (with effect in accordance with Sch. 3 para. 38(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21629471]: [S. 826(7A)(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A/7B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 23](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23)
[^c21629481]: Words in [s. 826(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/2)
[^c22802881]: Words in [s. 826(7)(7A)(7B)(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7/7A/7B/7C) substituted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/2)
[^c21629491]: [S. 826(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/3/5)
[^c22803031]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802231]: [S. 826(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7B) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22803211]: [S. 826(7BB)(7BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7BB/7BC) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/2)
[^c21629521]: [S. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/5)
[^c22802141]: Words in [s. 826(7C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/a) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802161]: Words in [s. 826(7C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802041]: Words in [s. 826(7C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/c) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/a)
[^c22802061]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/b)
[^c22802021]: [S. 826(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7CA) inserted (with effect in accordance with [Sch. 24 para. 12(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/2)
[^c22803061]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802901]: [S. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/3)
[^c22803231]: Words in [s. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/3)
[^c22802921]: [S. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/4)
[^c22803251]: Words in [s. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/4)
[^c22802841]: [S. 826(8A)-(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A) inserted (with effect in accordance with [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/1)
[^c22803151]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/a)
[^c22803331]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/a)
[^c22803171]: [S. 826(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b) substituted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/b)
[^c22803471]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/b)
[^c22803351]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/b)
[^c22803191]: [S. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/5)
[^c22803491]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/5)
[^c22803371]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/a)
[^c22803391]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/b)
[^c22800351]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22800361]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c21629661]: Source—1970 ss.65(5), 204, 231(3), 343 (1A); 1970(F) s.29(6), Sch.5 2(3), 10; 1972 ss.91(3), 108(4); 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A, (4) Sch.4 16(2); 1980 s.24(9); [Sch.10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) 13(3); 1982 ss.28(5), 29(1), (3), Sch.7 14(2); 1984 ss.26(1), 88(8), 126(1), Sch.8 2(1)(f), 3A; 1983 Sch.5 5A(9), 6(8); 1986 s.28, 61, Sch.11 11, Sch.12 3, Sch.17 6(7).
[^c23815221]: [S. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) excluded by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 22C(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/22C/3) (as inserted (1.7.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 7 paras. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/8), [18(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/18/1) (with [Sch. 7 paras. 19-21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/19)))
[^c21629681]: Source—1970 ss.65(5), 204, 343(1B); 1970(F) s.29(8), Sch.5 2(3), 10; 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A(4); 1982 s.29(5); 1983 Sch.5 5A(9), 6(9); 1984 ss.26(6), 88(8), Sch.8 2(1), 3A; 1986 ss.26, 27(7), 55, Sch.11 11, Sch.12 3, Sch.17 6(7)
[^c23815251]: [S. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) modified (20.3.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 1030(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/1030/4), [1034(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/4/b)
[^c23815121]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 180(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/180/2)
[^c23815201]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22803751]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (with effect in accordance with Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21629701]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/2)
[^c21629711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/16)
[^c22803741]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/2)
[^c21629721]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(34)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/34)
[^c23815101]: [S. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815231]: [S. 828(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/6) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 34](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/34) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816161]: [S. 830(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 106](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/106), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800331]: [S. 826A](https://www.legislation.gov.uk/ukpga/1988/1/section/826A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/2)
[^c23811391]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 333](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/333) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629861]: Source—1970 s.526(1), (2); 1987 Sch.15 12
[^c23816541]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITEPA 2003" inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 107](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/107) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816561]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITTOIA 2005" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629871]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1990 Act" inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(35)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/35); and that amendment continued by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/59)
[^c21629881]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1992 Act" inserted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22803801]: [S. 831(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/4) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 144(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/144/2)
[^c21629891]: [1987 c. 42](https://www.legislation.gov.uk/ukpga/1987/42).
[^c21629901]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21629911]: [1986 c. 9](https://www.legislation.gov.uk/ukpga/1986/9).
[^c21629921]: Source—1970 s.540(2)
[^c21629931]: Words in [s. 831(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/5) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23820331]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/25), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c22806921]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c21631481]: [S. 842A](https://www.legislation.gov.uk/ukpga/1988/1/section/842A) inserted (1.4.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.127(1)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/127/1/4)
[^c23812171]: [S. 834A](https://www.legislation.gov.uk/ukpga/1988/1/section/834A) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/274) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812191]: [S. 834B](https://www.legislation.gov.uk/ukpga/1988/1/section/834B) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/275) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812211]: [S. 834C](https://www.legislation.gov.uk/ukpga/1988/1/section/834C) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/276) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22805631]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/2)
[^c23811481]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 340](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/340) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22805561]: [S. 837A](https://www.legislation.gov.uk/ukpga/1988/1/section/837A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/1)
[^c22805581]: [S. 837B](https://www.legislation.gov.uk/ukpga/1988/1/section/837B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/2)
[^c23811461]: [S. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1)
[^c23812101]: [S. 840ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/840ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805501]: [S. 840A](https://www.legislation.gov.uk/ukpga/1988/1/section/840A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/1)
[^c22805521]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/26) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22805481]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/1)
[^c22805611]: [S. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/1)
[^c21631551]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(56)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/56) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22807521]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c21631561]: Words in [s. 843(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/4) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21631571]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c23389411]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/2), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21853671]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/1) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22720851]: [Sch. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2) repealed (with effect in accordance with Sch. 14 Pt. IV Note 9 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 75, 148, Sch.14 Part IV
[^c21853701]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/27), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21846651]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23389421]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 342](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/342), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390441]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/344), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777311]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) repealed (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1/2), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23390511]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21633181]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23390521]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390531]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390541]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22205081]: [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8) repealed (with effect in accordance with s. 61(2)(3), Sch. 18 Pt. 6(3) Notes 1-3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3)
[^c21634111]: Source—1978 Sch.9 1(1)(a); 1980 Sch.10 1(1)(a); 1984 Sch.10 1(1)
[^c21634121]: Source—1978 Sch.9 1(5); 1980 Sch.10 1(2); 1984 Sch.10 1(2)
[^c21634131]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(3)
[^c21634141]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(4)
[^c21634151]: Source—1978 Sch.9 1(1)(b); 1980 Sch.10 1(1), (b); 1984 Sch.10 1(1); 1987 Sch.15 13
[^c21634161]: [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(1)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/1/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21634171]: Source—1978 s.54(1); 1986 s.24(3)(a)
[^c22225551]: [Sch. 9 para. 2(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2A/2B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/1/3)
[^c21634181]: Source—1978 Sch.9 2(3), (4); 1980 Sch.10 1(1)(aa), (ab), (1A); 1983 s.25(5); 1984 s.39(2)
[^c22225621]: [Sch. 9 para. 3(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/ca) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/2/3)
[^c22225931]: [Sch. 9 para. 3(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/f) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/1)
[^c21634191]: Source—1978 Sch.9 3(3)
[^c22225951]: [Sch. 9 para. 3(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/4) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/2)
[^c22181491]: [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/4) modified (with effect in accordance with Sch. 16 para. 1 of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/4)
[^c21634201]: Source—1978 Sch.9 3(2); 1980 Sch.10 3(2); 1984 Sch.10 2(2)
[^c23392191]: [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/5) modified (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 158](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/158)
[^c21634211]: Source—1978 Sch.9 4; 1980 Sch.10 4; 1984 Sch.10 3
[^c21634231]: Source—1978 s.53(7); 1980 Sch.10 25; 1984 Sch.10 14
[^c23392121]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634241]: Source—1978 Sch.9 11(1), (2); 1980 Sch.10 23; 1984 Sch.10 4(1)(b), (3)
[^c21634251]: [Sch. 9 Pt. II para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/II/paragraph/8A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(5)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/5/6)
[^c21634261]: Source—1978 Sch.9 1(1), (3); 1980 Sch.10 5(a); 1984 Sch.10
[^c22225451]: Words in [Sch. 9 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/9/1) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/2/5)
[^c21634271]: Source—1978 Sch.9 5; 1980 Sch.10 15; 1984 Sch.10 7
[^c21634281]: [Sch. 9 para. 10(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/10/c/ii) and preceding word repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 64](https://www.legislation.gov.uk/ukpga/1989/26/section/64), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c21634291]: Source—1978 Sch.9 6; 1980, s.46(10), Sch.10 16; 1984 Sch.10 8
[^c22194561]: Words in [Sch. 9 para. 11(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11/a/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(j)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/j)
[^c21634321]: Source—1978 Sch.9 7; 1980 Sch.10 17; 1984 Sch.10 9; 1986 s.22, 24(2)
[^c22225511]: Words in [Sch. 9 para. 12(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1/c) substituted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/a/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c22225531]: [Sch. 9 para. 12(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1A/1B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/b/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c21634331]: Source—1980 Sch.10 18; 1982 s.41; 1984 Sch.10 10; 1986 s.23(4)
[^c21634341]: [Sch. 9 para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/13/3) added (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 69(1)](https://www.legislation.gov.uk/ukpga/1988/39/section/69/1)
[^c21634351]: Source—1978 Sch.9 8; 1980 s.46(11), Sch.10 19; 1984 Sch.10 11; 1986 s.23(3)
[^c21634361]: Source—1980 Sch.10, 10A; 1984 Sch.10 4A; 1987 Sch.4 1, 2; 1987 (No.2) s.59
[^c21634371]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634381]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21634391]: Source—1987 Sch.4 3
[^c23392201]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22225471]: [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/3/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c23392091]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392111]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634771]: Source—1978 Sch.9 1(3)
[^c21634781]: Source—1978 Sch.9 3(2)
[^c21634801]: Source—1978 Sch.9 1 (4); 1983 s.25(1)
[^c21634811]: Source—1978 s.53(4)
[^c21634821]: Source—1978 Sch.9 12
[^c21634831]: Source—1978 Sch.9 13; 1980 s.46(13)
[^c21880401]: Words in [Sch. 9 para. 32(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/32/1) substituted (with effect in accordance with [s. 101(9)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/9/10) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/5)
[^c21634841]: Source—1978 Sch.9 14
[^c21880421]: [Sch. 9 para. 33(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/33/a) modified (with effect in accordance with s. 101(11)(12) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/6) (with [s. 101(14)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/14))
[^c21634851]: Source—1978 Sch.9 15
[^c21634861]: Source—1978 Sch.9 9
[^c21634871]: Source—1978 Sch.9 10
[^c21634881]: Source—1978 Sch.9 2; 1983 s.25(4)
[^c21884191]: Words in [Sch. 9 para. 36(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/36/1/a) substituted (with application in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/4)
[^c21634891]: Source—1987 Sch.4 6-8
[^c21634901]: [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/40) and preceding cross-heading inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 65](https://www.legislation.gov.uk/ukpga/1989/26/section/65)
[^c23392211]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634091]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22180901]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 115](https://www.legislation.gov.uk/ukpga/1996/8/section/115)
[^c22181041]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22225871]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/1/2)
[^c23392221]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634921]: Source—1978 s.54(2); 1979 Sch.7
[^c21880321]: [Sch. 10 para. 1(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/1/cc) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/2)
[^c21634931]: Source—1978 s.54(1A); 1980 s.46(2)
[^c21634941]: Source—1978 s.54(3)
[^c21880361]: [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/4) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/3)
[^c21634991]: Source—1978 s.54(4), (5); 1980 s.46(3); 1986 s.24(3)
[^c22194851]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/b)
[^c22201621]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [art. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2))
[^c21635021]: Words in [Sch. 10 para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c21635031]: Word at the end of Sch. 10 para. 2(c) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [9](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/9)
[^c21635041]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c22162701]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(b)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/b), [s. 178(3)](https://www.legislation.gov.uk/ukpga/1995/26/section/178/3)
[^c22181091]: [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3) substituted (with effect in accordance with [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/1)
[^c23393091]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778221]: Words in [Sch. 10 para. 3A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(c)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/c)
[^c22778231]: Words in [Sch. 10 para. 3A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/4) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(d)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/d)
[^c22778211]: [Sch. 10 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/100/3)
[^c21635091]: Source—1978 s.56(2)-(5)
[^c21635111]: Source—1978 s.57; 1979(C) Sch.7
[^c21635121]: Word in [Sch. 10 para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(58)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/58) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21880381]: [Sch. 10 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5A) inserted (with effect in accordance with [s. 101(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/4) (with [s. 101(13)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/13))
[^c21635131]: Source—1978 s.58; 1983 s.25(1)
[^c23393111]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635141]: Source—1978 s.59; 1980 s.46(8); 1987 Sch.15 11(3)
[^c23393121]: Words in [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393141]: Words in [Sch. 10 para. 7(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393181]: Word in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/i), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393161]: Words in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634911]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22181061]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392231]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393261]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 114](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/114), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635371]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c23394021]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 115](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/115), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394041]: [Sch. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 116](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/116), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394061]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 117](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/117), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394051]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 118](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/118), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778561]: [Sch. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13) repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/41/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22779711]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) repealed (with effect in accordance with Sch. 3 para. 42(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 42(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/42/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23394071]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3-5](https://www.legislation.gov.uk/uksi/2003/962/article/3))
[^c21636171]: [Sch. 14 para. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/2/3) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch.14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 6
[^c23403071]: Cross-heading preceding Sch. 14 para. 1 substituted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/3)
[^c21636201]: Source—1976 Sch.4 11; 1979/1576; 1982 s.35(2), (4); 1970 s.10
[^c21636211]: Words in [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1/b) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636281]: Source—1976 Sch.4 13; 1978 Sch.3 7; 1980 s.29(2)(c); 1987 Sch.15 9
[^c21636291]: Words in [Sch. 14 para. 3(1)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/1/3/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636311]: Words in [Sch. 14 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/3/a) substituted (6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21636341]: Words in [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/4) repealed (with effect in accordance with s. 173 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/9), Note
[^c21636351]: [1969 c.19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21636361]: Source—1976 Sch.4 14; 1978 Sch.3 2, 8
[^c21636371]: Source—1976 Sch.4 14A; 1978 Sch.3 9
[^c23403131]: Words in [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 119](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/119) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21636381]: Source—1976 Sch.4 15
[^c22780441]: Words in [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/2) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/2), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21636401]: Source—1976 Sch.4 16; 1978 Sch.3 10
[^c22780431]: Words in [Sch. 14 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/1) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22223751]: [Sch. 14 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/a) substituted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/a)
[^c22223781]: Words in [Sch. 14 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/b) inserted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/b)
[^c22223801]: Words in [Sch. 14 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/c)
[^c22223841]: Words in [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3) substituted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/d)
[^c22223861]: [Sch. 14 para. 7(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/4/5) added (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/4)
[^c21636411]: Source—1970 s.19(5)
[^c21636421]: Source—1984 s.72(2)-(4), (6), (7)
[^c22224031]: Words in [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/5)
[^c22224051]: [Sch. 14 para. 8(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/6)
[^c22780451]: [Sch. 14 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8/a) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(b)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/b)
[^c21636441]: Source—1970 Sch.1 1(1)-(4A); 1975 Sch.2 4(2), (3)
[^c21636451]: Source—1975 Sch.2 4(4)
[^c22224071]: Words in [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/1/6) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/a); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636461]: Source—1970 Sch.1 1(5)-(7); 1975 Sch.2 4(5), (6)
[^c21636471]: Source—1975 Sch.2 4(1)
[^c21636481]: Source—1970 Sch.1 2; 1975 Sch.2 4(7), (8)
[^c22224091]: Words in [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/2/2) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/b); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636491]: Source—1975 Sch.2 4(1)
[^c21636621]: Source—1970 ss.334(2)–(4), 337(5)(a), Sch.1 3, 3A; 1984 s.72(a); 1985 s.41(4), (6), Sch.10 Pt.I; 1979/1576
[^c21636631]: Words in [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636641]: [Sch. 15 para. 3(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1/c) and word preceding it repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 9 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/4/1/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c22783601]: [Sch. 15 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/3), [Sch. 29 Pt. 8(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/6)
[^c21636701]: Words in [Sch. 15 para. 3(2)(c)(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c/4/c) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/3/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636711]: [Sch. 15 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636541]: Words in [Sch. 15 para. 3(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/ii) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 49(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/49/5)
[^c23394081]: [Sch. 15 para. 3(8)(b)(iii)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/iii/c) and word preceding para. (b)(iii) repealed (retrospectively with effect in accordance with s. 172(6) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/3), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 3
[^c21636781]: [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 19(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/6), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22783611]: Words in [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/2)
[^c21636821]: Source—1970 Sch.1, 3; 1985 s.41(4)
[^c21636831]: Words in [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636851]: Source—FSA 1974 s.64(2B); 1985 s.41(1); 1987 s.30(6)
[^c23820431]: [Sch. 15 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6A) inserted (with effect in accordance with [s. 178](https://www.legislation.gov.uk/ukpga/2012/14/section/178) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 13(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13/6)
[^c21636861]: Source—1970 Sch.1 4; 1976 Sch.4 12
[^c21636871]: Source—1975 Sch.2 7; 1976 Sch.4 19(4)
[^c22783711]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c22783691]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/8)
[^c21636881]: Source—1970 Sch.1 5
[^c21636891]: Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)
[^c22783631]: Words in [Sch. 15 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/11/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/3)
[^c21636911]: [1974 c. 49](https://www.legislation.gov.uk/ukpga/1974/49).
[^c21636921]: Source—1970 Sch.1 6, 7
[^c23820501]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/1)
[^c23820531]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) heading substituted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/2)
[^c21636931]: Source—1980 s.30; 1984 s.74; 1982 s.35(3)
[^c22783651]: Words in [Sch. 15 para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/4)
[^c22783671]: [Sch. 15 para. 14(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/5)
[^c21636961]: Source—1970 Sch.1 8
[^c21636971]: Source—1984 s.72(9)(a)
[^c21636981]: Source—1970 Sch.1 9(1), (2)
[^c21636991]: Word in [Sch. 15 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/2/a) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [10](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/10)
[^c21637001]: Source—1970 Sch.1 9(3); 1984 s.76(3), (6)
[^c23820571]: Words in [Sch. 15 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637011]: Source—1975 Sch.2 5
[^c21637021]: Source—1970 Sch.1 10
[^c21637031]: Word in [Sch. 15 para. 18(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [11](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/11)
[^c22224111]: [Sch. 15 para. 18(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/9)
[^c22783721]: [Sch. 15 para. 18(3)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c/i) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c23820691]: [Sch. 15 para. 18(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/d) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(2)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/2/4/6)
[^c23820671]: [Sch. 15 para. 18(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/4) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/4)
[^c21637041]: Source—1975 Sch.2 3
[^c21637051]: Source—1982 s.34
[^c23820991]: [Sch. 15 para. 20ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20ZA) and preceding cross-heading inserted (1.4.2011 with effect in accordance with art. 15(2) of the amending S.I.) by The Enactment of Extra-[Statutory Concessions Order 2011 (S.I. 2011/1037)](https://www.legislation.gov.uk/uksi/2011/1037), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1037/article/1), [15(1)](https://www.legislation.gov.uk/uksi/2011/1037/article/15/1)
[^c23821011]: [Sch. 15 paras. B1-B3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/B1), cross-headings and preceding heading inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/3)
[^c23820741]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23820721]: [Sch. 15 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(4)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/4/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637101]: Source—1984 Sch.15 Pt.II 1
[^c21637111]: Source—1975 Sch.2 1A; 1984 Sch.5 Pt.I
[^c22783761]: [Sch. 15 para. 24(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2/2A) substituted for para. 24(2) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(a)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/a/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783871]: Words in [Sch. 15 para. 24(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2A) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783781]: Words in [Sch. 15 para. 24(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23821121]: Words in [Sch. 15 para. 24(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3/b/c) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/4)
[^c22783811]: [Sch. 15 para. 24(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/4) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637121]: Source—1984 Sch.15 Pt.II 2-4
[^c22783831]: [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(6)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/6/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783891]: Words in [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783851]: Word in [Sch. 15 para. 27(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/27/1) substituted (except for specified purposes) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(7)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/7/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21636431]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/5) (2)
[^c22783591]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/4/2/3)
[^c23820911]: [Sch. 15 Pt. A1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/part/A1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/2)
[^c23821411]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 345](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/345), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821711]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821731]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821741]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784011]: [Sch. 15B Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/2) applied (1.5.1995) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 151A(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/151A/6) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3))
[^c23838611]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) repealed and replaced (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1/c), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23822181]: [Sch. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 103](https://www.legislation.gov.uk/ukpga/1989/26/section/103), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Notes 1, 3
[^c21638151]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) inserted (for accounting periods beginning on or after 1 January 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799861]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (with effect in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22799851]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) repealed (with effect in accordance with s. 87(2)-(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note (the provisions of Sch. 19AB not applying in relation to tax credits in respect of distributions made on or after 6th April 2004)
[^c21638371]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c23822971]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) repealed (31.12.2006 with effect in accordance with reg. 1 of the repealing S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 43(1)](https://www.legislation.gov.uk/uksi/2006/3271/regulation/43/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^c21638581]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) inserted (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 58(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/58/4/a/5), [Sch. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/5)
[^c21638591]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) repealed and superseded (with [Sch. 19](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19) of the amending Act) (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/173/2), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c23822991]: Words in [Sch. 19B para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/a)
[^c23823011]: Words in [Sch. 19B para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/1/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/4/b)
[^c23823031]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/a)
[^c23823051]: Words in [Sch. 19B para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/1) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/b)
[^c23823071]: [Sch. 19B para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/3/3/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(5)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/5/c)
[^c23823091]: Words in [Sch. 19B para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/6/2) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/6)
[^c23823111]: Words in [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(7)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/7)
[^c23823131]: [Sch. 19B para. 16(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/16/2A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(8)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/8)
[^c23823151]: [Sch. 19B para. 22(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/22/4) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/10)
[^c23823171]: [Sch. 19B para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/18A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(9)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/9)
[^c22776191]: [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/43), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22781711]: Words in [Sch. 21 para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 65](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/65)
[^c22780141]: Words in [Sch. 21 para. 6(1)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/b/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22774581]: [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/2) repealed (with effect in accordance with s. 164(1)(2) of the repealing Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164(4)(5)](https://www.legislation.gov.uk/ukpga/1990/1/section/164/4/5), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c21638971]: Source—[1970 c.10](https://www.legislation.gov.uk/ukpga/1970/10), [Sch.11](https://www.legislation.gov.uk/ukpga/1970/10/schedule/11)
[^c23824201]: [Sch. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23824221]: [Sch. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23826351]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21639191]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c23316941]: Words in [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23317001]: [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/2)
[^c23317431]: Words in [Sch. 24A para. 1(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24A/paragraph/1/3A/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317451]: [Sch. 24 para. 1(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A/b/i) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317491]: Words in [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317511]: Words in [Sch. 24 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317531]: [Sch. 24 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317551]: Words in [Sch. 24 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826371]: Words in [Sch. 24 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23317061]: [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/6) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/3)
[^c23317181]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/4)
[^c23317571]: Words in [Sch. 24 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317591]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319061]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) excluded (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116/3)
[^c23826541]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) restricted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 870(4)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/870/4/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23317241]: [Sch. 24 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/5)
[^c23317611]: Words in [Sch. 24 para. 4(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319081]: [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) modified (29.5.2001 with effect in accordance with reg. 1 of the modifying S.I.) by [The General Insurance Reserves (Tax) Regulations 2001 (S.I. 2001/1757)](https://www.legislation.gov.uk/uksi/2001/1757), [reg. 8(3)](https://www.legislation.gov.uk/uksi/2001/1757/regulation/8/3)
[^c23317281]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/6/a)
[^c23317631]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317651]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317321]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/7)
[^c23317731]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/4), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23316821]: [Sch. 24 para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/4) applied (with modifications) (23.3.1995) by [The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994 (S.I. 1994/3227)](https://www.legislation.gov.uk/uksi/1994/3227), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3227/regulation/1/2), [6](https://www.legislation.gov.uk/uksi/1994/3227/regulation/6)
[^c23317671]: Words in [Sch. 24 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317341]: [Sch. 24 para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/8)
[^c21639461]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) inserted (27.7.1993 with effect as mentioned in s. 96(2) of the amending act in relation to any accounting period on or after such day as may be appointed under [s. 165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 96(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/96/1/2), [165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b)
[^c23316861]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) deemed never to have been inserted, by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/3), [Sch. 29 Pt. 8(18)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/18), Note
[^c23318821]: [Sch. 24 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5) renumbered as para. 5(1) (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318801]: [Sch. 24 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5/2) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318881]: [Sch. 24 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/6) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23317791]: [Sch. 24 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/7) repealed (with effect in accordance with Sch. 3 para. 43(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 43(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/43/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23826381]: Words in [Sch. 24 para. 8(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/8/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23318321]: Words in [Sch. 24 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318471]: Words in [Sch. 24 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317371]: Words in [Sch. 24 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/c) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/9)
[^c23318421]: Words in [Sch. 24 para. 9(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318341]: [Sch. 24 para. 9(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/2/5/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(4)(7)(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/4/7/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318491]: Words in [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318541]: [Sch. 24 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318721]: [Sch. 24 para. 9(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/7) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318741]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317391]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/10)
[^c23318761]: Words in [Sch. 24 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318901]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/a)
[^c23318921]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/b)
[^c23318941]: Words in [Sch. 24 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/2)
[^c23317811]: [Sch. 24 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/22), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826441]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23319101]: Words in cross-heading relating to Sch. 24 para. 11A inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/3/a)
[^c23317891]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/4)
[^c23318981]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319001]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319011]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319031]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319041]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319051]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23826401]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/4), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23318841]: [Sch. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/2)
[^c21639451]: Source-1984 Sch. 16, 1985 Sch. 14 16
[^c23318021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) and cross-heading inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/5)
[^c23318781]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) and cross-heading inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/24); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322261]: Words in [Sch. 25 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/29); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827081]: [Sch. 25 para. 5(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/3) inserted (with effect in accordance with [s. 201(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 201(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/1)
[^c23322851]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/a)
[^c23322871]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/b)
[^c23322891]: [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/3)
[^c23827061]: Word in [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) repealed (retrospective to 27.11.2002 with effect in accordance with s. 200(2)(3) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3), [Sch. 43 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/2)
[^c23826941]: [Sch. 25 para. 6(2A)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/d) and words inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3)
[^c23827101]: Words in [Sch. 25 para. 6(2A)(e)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/e/2C) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23826961]: [Sch. 25 para. 6(2B)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2B/2C) inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/4)
[^c23322911]: Words in [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/6/2)
[^c23322411]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322431]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322951]: [Sch. 25 para. 6(4ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4ZA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/3)
[^c23322521]: [Sch. 25 para. 6(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323001]: [Sch. 25 para. 6(4AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4AA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/5)
[^c23323081]: [Sch. 25 para. 6(4BB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4BB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/7)
[^c23322541]: [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826981]: Words in [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/5)
[^c23322581]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323101]: Words in [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/8)
[^c23323131]: [Sch. 25 para. 6(5ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5ZB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/9)
[^c23322611]: [Sch. 25 para. 6(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323151]: [Sch. 25 para. 6(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5B) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/10)
[^c23322631]: Words in [Sch. 25 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/3) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/31/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827121]: Words in [Sch. 25 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/4/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21639571]: Words in [Sch. 25 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1/a) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c21639581]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c23322651]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/2)
[^c23322671]: Word in [Sch. 25 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/a)
[^c23323191]: Words in [Sch. 25 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/a)
[^c23322691]: [Sch. 25 para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/c) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/3)
[^c23323231]: Word preceding Sch. 25 para. 11(1)(g) repealed (with effect in accordance with Sch. 31 para. 9(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23323381]: [Sch. 25 para. 11(1)(g)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/g) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/2)
[^c23323211]: [Sch. 25 para. 11(1)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/h) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/c)
[^c23323401]: [Sch. 25 para. 11(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1A) inserted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/3)
[^c23322711]: Word in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/b)
[^c23827001]: [Sch. 25 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/a) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/2)
[^c23827021]: [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) and preceding word added (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/3)
[^c23827141]: Words in [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23322731]: Words in [Sch. 25 para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322751]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322771]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827971]: [Sch. 25 Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2) modified (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 17](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/17) (with [Sch. 16 paras. 13-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/13), [18-20](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18))
[^c23321991]: Words in [Sch. 25 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/a) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/a)
[^c23322011]: Words in [Sch. 25 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/b) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/b)
[^c23322041]: [Sch. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25) heading substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/25); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828051]: [Sch. 25 Pts. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2B) (paras. 12B-12N) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/3)
[^c23828071]: [Sch. 25 Pt. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3A) (paras. 15A-15G) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/8)
[^c23319251]: [Sch. 26 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1/c) and preceding word repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319271]: Words in [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319231]: Words in [Sch. 26 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828091]: [Sch. 26 para. 1(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/cc) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 38(2)
[^c23319211]: Word at the end of Sch. 26 para. 1(3)(d) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23319191]: [Sch. 26 para. 1(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/f) and preceding word inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 53](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/53) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23319291]: [Sch. 26 para. 1(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/4/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/4/5), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639601]: Source—1984 Sch.18.
[^c23319341]: [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 44(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 44(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/44/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 44(4))
[^c23319361]: [Sch. 26 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319381]: Words in [Sch. 26 para. 3(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/b/c) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319411]: Words in [Sch. 26 para. 3(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639621]: Words in [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(62)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/62) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23319441]: Words in [Sch. 26 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319461]: Words in [Sch. 26 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319481]: [Sch. 26 para. 3(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/6A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319501]: [Sch. 26 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319521]: Words in [Sch. 26 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319541]: Words in [Sch. 26 para. 4(2)(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/2/5/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/4/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23831011]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(11)
[^c23838041]: [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/2) repealed by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c23838141]: [Sch. 29 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/4) repealed (with effect in accordance with s. 90 of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Pt. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/5), Note 2
[^c23837361]: [Sch. 29 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/5) repealed by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/48/schedule/8); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816)
[^c23835881]: [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23837371]: [Sch. 29 para. 7(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/7/1/3) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4), Note 9
[^c21639901]: Words in [Sch. 29 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/8) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [13](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/13)
[^c22809691]: Words in [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/3) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639921]: [Sch. 29 para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/4/b) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809701]: [Sch. 29 para. 10(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/7) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639931]: [Sch. 29 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/11) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I) (with [ss. 7(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/7/5), [93(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/93/4)); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [art. 2(1)](https://www.legislation.gov.uk/uksi/1993/2213/article/2/1), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) Appendix
[^c21639941]: [Sch. 29 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/12) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639971]: [Sch. 29 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/14) repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch.1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1) (with [Sch. 3 paras. 2](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/2), [4](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/4))
[^c21639981]: [Sch. 29 para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/15) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639991]: [Sch. 29 para. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/16) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640001]: [Sch. 29 para. 17](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/17) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640011]: [Sch. 29 para. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/18) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640021]: [Sch. 29 para. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/19) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640031]: [Sch. 29 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/20) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640041]: [Sch. 29 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/21) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640051]: [Sch. 29 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/22) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640061]: [Sch. 29 para. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/23) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640071]: [Sch. 29 para. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/24) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640081]: [Sch. 29 para. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/25) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640091]: [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/26) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640101]: [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/27) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640111]: [Sch. 29 para. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/28) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809711]: Entry in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c21642601]: Entry in Sch. 29 para. 32 Table repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 81](https://www.legislation.gov.uk/ukpga/1991/31/section/81), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 1
[^c22809721]: Entries in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 18 para. 17 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21642651]: Entries in Sch. 29 para. 32 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [172](https://www.legislation.gov.uk/ukpga/1992/12/section/172), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21642831]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1) and by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c23835901]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [ss. 406(7)](https://www.legislation.gov.uk/ukpga/2003/21/section/406/7), [411](https://www.legislation.gov.uk/ukpga/2003/21/section/411), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1),(with transitional provisions in Sch. 18); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [art. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/2) (as amended ([8](https://www.legislation.gov.uk/uksi/2003/1900/article/8).[12](https://www.legislation.gov.uk/uksi/2003/1900/article/12).[2003](https://www.legislation.gov.uk/uksi/2003/1900/article/2003)) by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3))); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23835981]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (15.9.2003) by [Enterprise Act 2002 (c. 40)](https://www.legislation.gov.uk/ukpga/2002/40), [s. 279](https://www.legislation.gov.uk/ukpga/2002/40/section/279), [Sch. 26](https://www.legislation.gov.uk/ukpga/2002/40/schedule/26): [S.I. 2003/2093](https://www.legislation.gov.uk/uksi/2003/2093), [art. 2(1)](https://www.legislation.gov.uk/uksi/2003/2093/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/2093/schedule/1) (with [art. 4](https://www.legislation.gov.uk/uksi/2003/2093/article/4))
[^c21643261]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1)
[^c21643301]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c22809731]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809741]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809751]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23836281]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836301]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21818231]: [Sch. 30 para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 1 para. 8(43)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/43)
[^c23377111]: [Sch. A2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/A2) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/2/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/3)
[^c22747341]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/2), [Sch. 24 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/1)
[^c22746961]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/2), [Sch. 11](https://www.legislation.gov.uk/ukpga/1997/16/schedule/11)
[^c22746191]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) inserted (with effect in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)
[^c22747251]: [Sch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/2)
[^c22747091]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 58(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/9/part/1)
[^c22747351]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/2), [Sch. 12 Pt. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/1)
[^c22747141]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/2), [Sch. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/10)
[^c22747001]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) inserted (with effect in accordance with [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 139](https://www.legislation.gov.uk/ukpga/1996/8/section/139), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/2)
[^c22747231]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3)
[^c22734791]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/12/paragraph/6/2)
[^c22746341]: [Sch. 15B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B) inserted (with effect in accordance with [s. 71(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15)
[^c22768001]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) inserted (with effect in accordance with [s. 100(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/3), [Sch. 15](https://www.legislation.gov.uk/ukpga/1990/29/schedule/15); [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c23377151]: [Sch. 19B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/3), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)
[^c22747271]: [Sch. 23ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 61](https://www.legislation.gov.uk/ukpga/2000/17/section/61), [Sch. 13 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/27) (with [Sch. 13 paras. 28](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/28), [29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/29))
[^c21567841]: *See* s.686—*income of trustees chargeable at higher rate.*
[^c21567851]: [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(2)](https://www.legislation.gov.uk/uksi/1991/732/article/2/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/2/b) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(2)](https://www.legislation.gov.uk/uksi/1992/622/article/2/2)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/51/2) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(2)](https://www.legislation.gov.uk/uksi/1993/755/article/2/2)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/75/2) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(2)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/2)) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 35(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/35/2) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(2)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/2)) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 54(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/54/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/755/article/2/2) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/2/b) (the effect of art. 2(2)(a) being superseded by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/1) which substitutes s. 1(2)(aa)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/806/article/2/2) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/2001/638/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (2001-02) by [2001 c. 9](https://www.legislation.gov.uk/ukpga/2001/9), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/51/1) (in place of [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2001/638/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/707/article/2/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2003-04) by [S.I. 2003/840](https://www.legislation.gov.uk/uksi/2003/840), [art. 2](https://www.legislation.gov.uk/uksi/2003/840/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2004-05) by [S.I. 2004/772](https://www.legislation.gov.uk/uksi/2004/772), [art. 2](https://www.legislation.gov.uk/uksi/2004/772/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2005-06) by [S.I. 2005/716](https://www.legislation.gov.uk/uksi/2005/716), [art. 2](https://www.legislation.gov.uk/uksi/2005/716/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2006-07) by [S.I. 2006/872](https://www.legislation.gov.uk/uksi/2006/872), [art. 2](https://www.legislation.gov.uk/uksi/2006/872/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2007-08) by [S.I. 2007/943](https://www.legislation.gov.uk/uksi/2007/943), [art. 2](https://www.legislation.gov.uk/uksi/2007/943/article/2)
[^c21567861]: Source—1970 s.1; 1971 s.32(1); 1980 s.24(2); 1987 s.20(1)
[^c21567891]: *See* 1990 s.17(1)—*basic rate* 25%*and higher rate* 40%*for* 1990-91.
[^c21567901]: *For earlier years see* Table C Vol.1.
[^c21567911]: Words in [s. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/a) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(3)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/3/10/11).
[^c21567921]: 1988(F) s.24(2)(a)*for* 1988-89.*Previously* “(b) in respect of so much of an individual's total income as exceeds £17,900, at such higher rates respectively as Parliament may determine in relation to the first £2,500, the next £5,000, the next £7,900, the next £7,900 and the remainder;”.
[^c21567961]: 1990 s.17(1)(b)*for* 1990-91. (Art. 2(2)*of* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677) (*in* Part III Vol.5)*was not operated.*)
[^c21567981]: Source‐1980 s.24(3); 1984 Sch.7 3(5)
[^c21567991]: Words in [s. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/3) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(5)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/5/10/11).
[^c21568001]: Repealed by 1988(F) s. 148 and Sch. 14 Part IV for 1988-89 and subsequent years
[^c21568011]: *See*—1988(F) s.24(2)—*indexation not to apply for* 1988-89.1990 s.17(1)—*indexation not to apply for* 1990-91.
[^c21568021]: [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1991-92 by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/21/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1992-93 by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(2)(a)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/2/a/5). [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1993-94 by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/51/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1994-95 by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/75/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1995-96 by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 35(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/35/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1996-97 by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1999-00 by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/5) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 2001-02 by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/51/2)
[^c21568031]: Source—1980 s.24(4), (7), (9)
[^c21568041]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (27.7.1993 with effect for year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(2)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/2/a/8)
[^c21568061]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by virtue of [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(6)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/6/10/11).
[^c21568071]: [S. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(2)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/2/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23), [Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/part/III)
[^c21568091]: *See* S.I. [1989 No. 467](https://www.legislation.gov.uk/ukcm/1989/467) in Part III Vol.5.
[^c21568101]: Word in [s. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6) substituted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by virtue of [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(7)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/7/10/11).
[^c21568111]: [S. 1(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6A) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(8)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/8/10/11).
[^c21833131]: [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/1)
[^c21833171]: [S. 1(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2A) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/2)
[^c21833861]: Words in [s. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/3) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/3)
[^c21834131]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/4)
[^c21834201]: [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) inserted (27.7.1999 with effect for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/2)
[^c21834731]: [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) modified for the year 2002-03 by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/a) [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) modified for the year 2003-04 by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 132](https://www.legislation.gov.uk/ukpga/2003/14/section/132)
[^c21834181]: Words in [s. 1(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6A) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/6)
[^c23330151]: [S. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/2/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23330171]: Words in [s. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/2/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333811]: [S. 1(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23355861]: Word at the end of s. 1(1)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333831]: [S. 1(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1/ba) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568121]: Source—1970 s.2
[^c21568131]: Source—1970 s.3; 1971 Sch.6 2
[^c21819141]: [S. 3(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 113](https://www.legislation.gov.uk/ukpga/1997/16/section/113) {Sch. 18}
[^c21568141]: Source—1971 s.36; 1975(No. 2) s.44(6)
[^c21819171]: [S. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/2)
[^c21819191]: Words in [s. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73](https://www.legislation.gov.uk/ukpga/1996/8/section/73), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/2)
[^c23332711]: Words in [s. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333721]: [S. 4(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1B) inserted (retrospective, and with effect in accordance with [s. 33(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/33/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 33(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/33/1)
[^c23333741]: [S. 4(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para 5](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21826471]: Words in [s. 1A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1) substituted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/2)
[^c21826511]: [S. 1A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/3)
[^c21826531]: [S. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) substituted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4)
[^c21826691]: Words in [s. 1A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1) substituted (with effect in accordance with [s. 100(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/1)
[^c21826731]: [S. 1A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/aa) inserted (with effect in accordance with [s. 100(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/2)
[^c21826911]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) extended (27.7.1999) [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/4) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21826771]: [S. 1A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1B) inserted (with application in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(7)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/7/a)
[^c21826851]: [S. 1A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/6A) inserted (with application in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/7/b)
[^c21826931]: Words in [s. 1A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1/b) inserted (with effect in accordance with [s. 32(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 32(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/2)
[^c21827091]: [S. 1A(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA) inserted (with effect in accordance with [s. 32(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/3)
[^c23332651]: Word preceding s. 1A(2)(c) repealed (with effect in accordance with s. 173(2) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/2), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 1
[^c23332671]: [S. 1A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/d) and preceding word inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/2)
[^c23332691]: Words in [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/3)
[^c23333201]: Words in [s. 1A(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333221]: [S. 1A(1AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333241]: Words in [s. 1A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333261]: Word in [s. 1A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333281]: [S. 1A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333301]: Words in [s. 1A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333321]: Words in [s. 1A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/aa) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333391]: Words in [s. 1A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333411]: Words in [s. 1A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/d), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2)
[^c23333431]: Words in [s. 1A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333451]: [S. 1A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333471]: Words in [s. 1A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23355871]: [S. 1A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333491]: Words in [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333511]: Words in [s. 1A(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5/b/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 3(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333531]: [S. 1A(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333551]: Words in [s. 1A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333371]: [S. 1A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/9), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333571]: [S. 1A(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/8/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [Sch. 1 para. 3(10)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/1/paragraph/3/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/4/schedule/2))
[^c23333621]: [S. 1B(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/1/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333631]: Word in [s. 1B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333651]: Words in [s. 1B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333681]: [S. 1B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568171]: [S. 6](https://www.legislation.gov.uk/ukpga/1988/1/section/6) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 1(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/1/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21568181]: Table K Vol.1.*See*—[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(2).1990(C) s.92—*balancing charge on a person liable to corporation tax in respect of dwelling houses let on assured tenancies to be made under* Sch.A.
[^c21568191]: Source—1970 s.238
[^c21568201]: *See* 1988(F) s.148*and* Sch.14 Part V*for repeals which will take place from* 6*April* 1993.
[^c21819241]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with effect in accordance with Sch. 8 Pt. 2(4) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8)
[^c21819261]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 110](https://www.legislation.gov.uk/ukpga/2001/9/section/110), [Sch. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33)
[^c21568211]: Source—1970 s.240(4), (5)
[^c21568221]: *See*—1970(M) s.94—*set off to be disregarded in computing penalty for failure to deliver a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819281]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568231]: Source—1982 s.26(7)
[^c21568241]: Source—1970 s.240(7)
[^c21819291]: Words in [s. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c22720351]: [S. 7(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/5) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568301]: Source—1970 s.243 (1)-(3), (5)-(7); 1974 s.36; 1987(No. 2) s.90(1)(a)
[^c21568311]: [S. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/3): the day appointed for the purposes of s. 8(3) is 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21568321]: [S. 8(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/4) repealed (27.7.1993 with application in relation to resolutions passed after the day on which [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34) is passed) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 205(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/205/7), [206(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.VI](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/VI)
[^c21568361]: Source—1970 s.250
[^c23332731]: [S. 9(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a/b) substituted for words in s. 9(3) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332751]: Words in [s. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333931]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333951]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333871]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333971]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333891]: Words in [s. 9(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568511]: *See*—1970(M) s.94(2)—*set off to be disregarded in computing penalty for failure to make a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819641]: [S. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568521]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (27.7.1993 with effect in accordance with [s. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21568531]: SOURCE-1982 s. 26(7)
[^c21819671]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568541]: SOURCE-1970 s. 247; 1972 s. 107(1)
[^c21568551]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21797311]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4(2)(b)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/b)
[^c21797591]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (SI 1997/1154), {reg. 25(2)}
[^c21797511]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) inserted (with effect as mentioned in [Sch. 24 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/a)
[^c21797531]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) substituted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/b)
[^c21797571]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (19.3.1997) by [S.I. 1995/171](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A) (as inserted by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [reg. 4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c21797611]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4](https://www.legislation.gov.uk/uksi/1997/473/regulation/4) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 154](https://www.legislation.gov.uk/uksi/2001/3629/article/154)); and that modifying reg. 4 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 5](https://www.legislation.gov.uk/uksi/2004/822/regulation/5)
[^c21797631]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/2)
[^c23332921]: [S. 12(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/3/da) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/2)
[^c23332961]: Words in [s. 12(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/4)
[^c23333001]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/6)
[^c23334381]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [79(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/79/2)
[^c23333991]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/2)
[^c21568671]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1991 and subsequent financial years) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/3) [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1994 and subsequent financial years) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3)
[^c21568681]: SOURCE-1972 s. 95; 1973 Sch. 14 2, 4; 1983 (No. 2) s. 2(2); 1987 (No. 2) s. 74(4)
[^c21568691]: 1989 s.105(1)*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “a company resident in the United Kingdom”.
[^c21568701]: *For rates and fractions see* Table K Vol.1.
[^c21568711]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1990) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 23(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/23/2)
[^c21568721]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 22(b)](https://www.legislation.gov.uk/ukpga/1992/48/section/22/b). [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 54(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/54/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1995) by Finance Act 1995 (c. 4,) {s. 38(b)} [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 78(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/78/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 59(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/59/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 28(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/28/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1999) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/29/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 36(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/36/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 55(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/55/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 31(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/31/b)
[^c21568771]: [S. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) amended (27.7.1993 with application as mentioned in s. 78(11) of the Amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21834881]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/a)
[^c21834911]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/b)
[^c21845781]: [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 99(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/99/5) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55)) [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with Sch. 14 para. 10 of the 1997 affecting Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 38D(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/38D/6) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 84](https://www.legislation.gov.uk/ukpga/1997/16/section/84), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1997/16/schedule/14/paragraph/2))
[^c21835911]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/2)
[^c21842921]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/3)
[^c21845791]: Words in [s. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) (7) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(2), Sch. 8 Pt. 2(11) Note
[^c21847281]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(3), Sch. 8 Pt. 2(11) Note
[^c21847351]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) substituted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/2)
[^c21847421]: [S. 13(8AA)(8AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA/8AB) inserted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/3)
[^c22720361]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/b)
[^c21847461]: [S. 13(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/9) repealed (with effect in accordance with Sch. 20 Pt. 3(2) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/2)
[^c23334421]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/10)
[^c21853121]: Words in [s. 13(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/a) repealed (with application in accordance with s. 86(6) and Sch. 33 Pt. 2(11) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/a), [Sch. 33 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/11)
[^c21853141]: Words in [s. 13(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/b) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/b)
[^c21853161]: [S. 13(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7A) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/3)
[^c21853181]: [S. 13(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/4)
[^c23334071]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/b)
[^c23334031]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/a)
[^c23347441]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) applied (1.1.2009) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B(3)(a)](https://www.legislation.gov.uk/uksi/2006/964/regulation/14B/3/a) (as inserted by [The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159)](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2008/3159/regulation/11) (with [regs. 30](https://www.legislation.gov.uk/uksi/2008/3159/regulation/30), [31](https://www.legislation.gov.uk/uksi/2008/3159/regulation/31)))
[^c23334441]: Words in [s. 13A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/1) repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/3), [Sch. 26 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/1), Note
[^c21568881]: SOURCE-1972 s. 84(4)
[^c21568891]: *For rates see* Table J Vol.1.
[^c21568931]: *See* 1980 s.117*and* Sch.18—*demergers.*
[^c21827291]: [S. 14(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/14/1/3) repealed (with effect as mentioned in Sch. 3 para. 8(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/8/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2) Note
[^c21828901]: [Ss. 15-17](https://www.legislation.gov.uk/ukpga/1988/1/section/15): Schs. A-C excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21568981]: SOURCE-1970(1)–(3)
[^c21568991]: *See*—1970(M) s.19—*information for purposes of* Sch.A*and associated* Sch.D*charges.*1990(C ) s.9(5)—*manner of making allowances and charges.*1990(C) s.67(3)—*allowances in respect of leased assets employed for thermal insulation.*1990(C) s.92—*allowances in respect of dwelling houses let on assured tenancies.*
[^c21569021]: [S. 51(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/3) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part V](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 1
[^c22720711]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/1) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720721]: [S. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720741]: [S. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/2) repealed (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4)
[^c22720771]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) repealed (with effect in accordance with s. 79(3) of, and Sch. 23 to, the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^c22720751]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/1/b), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22720781]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 1(4)(b) repealed (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(2)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/2), [Sch. 13 Pt. 1](https://www.legislation.gov.uk/asp/2000/5/schedule/13/part/1); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23334701]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(3)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/3/4)
[^c23347461]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (6.4.2008) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/3) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I.2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23334081]: Words in [s. 15(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334101]: Words in [s. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334121]: [S. 15(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334141]: Words in [s. 15(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569121]: SOURCE-1970 s. 108(1)
[^c21569131]: *See, as regards exemption, the following provisions of this Act:*—s.320—*Commonwealth Agents—General and official agents etc.*[s.322](https://www.legislation.gov.uk/ukpga/1988/1/section/322)—*certain consular officers and employees.*[s.323](https://www.legislation.gov.uk/ukpga/1988/1/section/323)—*visiting forces and staffs of allied headquarters.*[s.325](https://www.legislation.gov.uk/ukpga/1988/1/section/325)—*certain savings bank interest.*[s.326](https://www.legislation.gov.uk/ukpga/1988/1/section/326)—*sums payable under certified contractual saving schemes.*[s.327](https://www.legislation.gov.uk/ukpga/1988/1/section/327)—*interest on damages for personal injuries.*[s.328](https://www.legislation.gov.uk/ukpga/1988/1/section/328)—*funds in court.*[s.330](https://www.legislation.gov.uk/ukpga/1988/1/section/330)—*German annuities in compensation for National Socialist persecution.*[s.438](https://www.legislation.gov.uk/ukpga/1988/1/section/438)—*annuity funds of insurance companies doing pension business.*[s.459](https://www.legislation.gov.uk/ukpga/1988/1/section/459)*to* 461—*certain friendly societies.*[s.467](https://www.legislation.gov.uk/ukpga/1988/1/section/467)—*certain trade unions*[s.476](https://www.legislation.gov.uk/ukpga/1988/1/section/476)—*certain dividends and interest payable by building societies* (*Repealed by* 1990 s.30*and* Sch.5 para.2*for* 1991-92*and subsequent years.*).s.484—*savings banks.*[s.505](https://www.legislation.gov.uk/ukpga/1988/1/section/505)*and* 506—*charities.*[s.507](https://www.legislation.gov.uk/ukpga/1988/1/section/507)—*British Museum.*[s.508](https://www.legislation.gov.uk/ukpga/1988/1/section/508)—*scientific research associations.*[s.510](https://www.legislation.gov.uk/ukpga/1988/1/section/510)—*agricultural societies.*[s.514](https://www.legislation.gov.uk/ukpga/1988/1/section/514)—*funds for reducing National Debt.*[s.517](https://www.legislation.gov.uk/ukpga/1988/1/section/517)—*issue departments of Reserve Bank of India and State Bank of Pakistan.*[s.519](https://www.legislation.gov.uk/ukpga/1988/1/section/519)—*local authorities.*[s.578](https://www.legislation.gov.uk/ukpga/1988/1/section/578)—*housing grants.*[s.581](https://www.legislation.gov.uk/ukpga/1988/1/section/581)—*interest on certain local authority borrowing in foreign currency.*[s.613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4)—*Parliamentary pension funds.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)—*national insurance supplementary schemes etc; and certain Indian family pension funds.*[s.614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3)—*certain pension funds for Crown service abroad.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)*and* 615—*certain pension funds for overseas employees.*[s.620(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/5)*and* (6)—*approved retirement annuity trust schemes.*[s.656](https://www.legislation.gov.uk/ukpga/1988/1/section/656)*and* 657—*certain purchased life annuities.*[s.688](https://www.legislation.gov.uk/ukpga/1988/1/section/688)—*certain interest received by trustees of schemes for directors and employees to acquire shares.* *See also*—1989 s.43*for periods of account ending after* 5*April* 1989*involving emoluments.*Income Tax (Repayment of Post-War Credits) Act 1959 s.2(4) (*see* Part II Vol.5)—*interest on post-war credits.*[Diplomatic Privileges Act 1964 (c.81)](https://www.legislation.gov.uk/ukpga/1964/81).[Commonwealth Secretariat Act 1966 (c.10)](https://www.legislation.gov.uk/ukpga/1966/10), [s.1(2)](https://www.legislation.gov.uk/ukpga/1966/10/section/1/2)*and* Sch. Part I para.3—*the Commonwealth Secretariat.*[International Organisations Act 1968 (c.48)](https://www.legislation.gov.uk/ukpga/1968/48)—*certain international organisations and persons connected therewith.*Double taxation agreements (listed in Part III Vol.5)*in force under* ss.788-799*of this Act as to certain persons resident abroad.*
[^c21569141]: *See* 1970(M) Part VIII*as to charges on non-residents.*
[^c21569161]: SOURCE-1970 s. 109(1), (2)
[^c21569171]: *See*—1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefits in return.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (*in* Part III Vol.5) regn.8—*computation of profits and gains in respect of payments attributable to non-resident entertainers and sportsmen.*
[^c21569181]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.S.I. [1986 No. 1948](https://www.legislation.gov.uk/ukcm/1986/1948) (*in* Part III Vol.5) regn.8(2)(d)—*interest on cash deposits which are plan investments under personal equity plans.*1990 s.56*and* Sch.10 para.12(4)—*treatment of chargeable events in relation to convertible securities.*[Housing Act 1957 (c.56)](https://www.legislation.gov.uk/ukpga/1957/56) Sch.8 para.4*and* [Housing (Scotland) Act 1966 (c.49)](https://www.legislation.gov.uk/ukpga/1966/49) Sch.7 para.4—*interest on certain small holdings of housing bonds.*[Housing Subsidies Act 1967 (c.29)](https://www.legislation.gov.uk/ukpga/1967/29) s.24(2)(c) (*reproduced in* Part II Vol.5)—*payment received by lender from Minister in respect of subsidised loan.*
[^c21569191]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.1990 s.56*and* Sch.10 paras.12(4)*and* 20—*treatment of chargeable events in relation to income received in the U.K. from convertible securities.*
[^c21569201]: *See also*—1990 ss.9(5)*and* 15—*certain balancing charges on lessors and others in respect of industrial buildings, machinery, etc.*1970(M) s.30—*recovery of overpayment of tax, etc.*1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefit in return.*1989 ss.68, 71—*charge on certain profits or gains of employee share ownership trusts.*1990(C) s.92(2)—*balancing charge in respect of dwelling houses let on assured tenancies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1956 No.1230](https://www.legislation.gov.uk/ukcm/1956/1230) (*in* Part III Vol. 5) regns. 4*and* 15—*additional liabilities in respect of purchased life annuities in certain contingencies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1989 No.469](https://www.legislation.gov.uk/ukcm/1989/469) (*in* Part III Vol. 5) regn.22(3)—*assessments to recover tax in respect of income under personal equity plans.*
[^c21569211]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I extended (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/a/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I restricted (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/b/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case 1 extended (with application in accordance with s. 219(4) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/a) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I modified (29.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/19) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II, VI extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/4) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II restricted (with application in accordance with s. 42(3) of the restricting Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 42(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/1/2) (with [s. 42(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/4/5)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, III, V modified (with effect in accordance with s. 117(4)(5) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 84](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/84) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, VI restricted (with application in accordance with s. 46(7) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 46(1)-(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/46/1)
[^c21792421]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases II-VI excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21569221]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (16.7.1992 with effect in relation to chargeable periods ending after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [Sch. 12 paras. 1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/1), [3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7). [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (27.7.1993 with effect as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 130(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/130/2/4), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI restricted (27.7.1993) by [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 paras. 19(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/19/2), [20(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/20/2) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with application in accordance with Sch. 20 para. 11(1)(2) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218), [Sch. 20 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/11/3) (with [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 117(4)(5) of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 52(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/52/4) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 579 of the extending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 256(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/256/2/b/4) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c21569241]: SOURCE-1970 ss. 108(3), 109(3)
[^c21792911]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D excluded (with effect in accordance with s. 39(4)(5) of the excluding Act) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 588(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24))
[^c21792731]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case I inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/2)
[^c21792851]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III extended (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 157(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/7) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III applied (with effect as mentioned in s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/4), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III modified (with effect as mentioned in s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/5), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases III, IV extended (with effect in accordance with s. 105(1) of the extending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/1/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21792961]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/1) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21792981]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case III para. (c) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/a) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793061]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case IV repealed (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/b), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c21794021]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case V extended (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/3) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21793001]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/c) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793081]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A) inserted (with effect as mentioned in [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21793021]: [S. 18(3B)-(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3B) inserted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793041]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/4) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23332821]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332831]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case V substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332841]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333121]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) inserted (with effect in accordance with [s. 97(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/97/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 105(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/105/4) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23334181]: [S. 18(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334201]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334221]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357441]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A): Sch. D Case III para. (c) repealed (with effect in accordance with Sch. 7 para. 12(9)(13) of the repealing Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 12(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/12/9), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21569491]: SOURCE-1970 s. 90(1); 1972 s. 81(3)
[^c21569501]: SOURCE-1970 s. 90(2)
[^c21569511]: SOURCE-1970 s. 90(2A), (2B); 1972 s. 81(4)
[^c21569521]: SOURCE-1970 s. 90(3)
[^c21569531]: SOURCE-1970 s. 71(2)
[^c21819701]: Words in [s. 24(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 Para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/1)
[^c21819721]: [S. 24(6)(c)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/6/c/7) and word preceding s. 24(6)(c) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21856561]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21856571]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21856601]: [S. 21A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/5) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/3), [Sch. 23 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/1)
[^c23348091]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348111]: Words in [S. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348131]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23351541]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/2)
[^c23351741]: [S. 21A](https://www.legislation.gov.uk/ukpga/1988/1/section/21A) applied (6.4.2008) by the [Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/2) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23348191]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23348351]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348171]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284](https://www.legislation.gov.uk/ukpga/2004/12/section/284), [Sch. 35 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23348371]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348391]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348411]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(a)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/a/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349101]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351561]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 102(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/102/3)
[^c23349121]: Word in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349141]: Words in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805301]: [S. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/7)
[^c21569731]: SOURCE-1970 s. 76
[^c21569741]: *See* 1979(C) s.34(4)(b)—*restriction, by reference to capital allowances, of capital losses for purpose of capital gains.*
[^c21805311]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/11) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349161]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349181]: Words in [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2/a) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349201]: [S. 30(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569961]: *See* 1976(D) s.34*and* Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part. X*with effect from* 19*March* 1985.
[^c21569971]: SOURCE-1970 s. 80(1), (2)
[^c21569981]: SOURCE-1970 s. 80(2); 1987 Sch. 15 para. 13
[^c21569991]: SOURCE-1970 s. 80(3), (4)
[^c21570001]: SOURCE-1970 s. 80(5)
[^c21570011]: SOURCE-1970 s. 80(6), (7); 1972 s. 81(1)
[^c21570021]: *See* 1979(C) s.106*and* Sch.3 paras.5*and* 7—*exclusion of amounts taxed under this section in computing capital gains.*
[^c21794731]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/9)
[^c21794711]: [S. 34(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/9) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 08(01)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/08/01), Note
[^c21794841]: Words in [s. 34(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/1) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/2)
[^c21794761]: Words in [s. 34(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/3), (with Sch. 5 para. 73)
[^c21794861]: Words in [s. 34(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/a)
[^c21794881]: Words in [s. 34(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/b)
[^c21794901]: Words in [s. 34(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/a)
[^c21794921]: Words in [s. 34(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/b)
[^c21794781]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/4), (with Sch. 5 para. 73)
[^c21794801]: [S. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/5), (with Sch. 5 para. 73)
[^c21794821]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/6), (with Sch. 5 para. 73)
[^c23349221]: Words in [s. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) (1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349331]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349351]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349371]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349391]: Word in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349411]: Word in [s. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349431]: Word in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349531]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349551]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570031]: *See* 1979(C) s.106*and* Sch.3 para.6(2)—1979(C) s.31 (*exclusion from capital gains computation of sums charged to income tax or corporation tax*)*not to apply to amounts on which tax paid under* s.35.
[^c21797731]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/1) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/1)
[^c21570041]: SOURCE-1970 s. 81(1)
[^c21797691]: [S. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/10)
[^c21570051]: SOURCE-1970 s. 81(2)
[^c21797771]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/3), (with Sch. 5 para. 73)
[^c21797791]: [S. 35(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/4), (with Sch. 5 para. 73)
[^c23349571]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349591]: Words in [s. 35(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349611]: Words in [s. 35(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805371]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24)
[^c21570061]: *See* 1976(D) Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21805381]: [S. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/11)
[^c21570071]: SOURCE-1970 s. 82(1), (2)
[^c21570081]: *See* 1979(C) s.106*and* Sch.3 para.6(3)—*effect of claim under* s.36(2)(b)*on computation of capital gains.*
[^c21570091]: SOURCE-1970 S. 82(3)
[^c21570101]: *See* 1979(C) s.106*and* Sch.3 para.5(3)—*deduction of amounts chargeable under* s.36*in computing capital gains.*
[^c21570111]: SOURCE-1970 s. 82(1), (3)
[^c21805411]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805431]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805451]: [S. 36(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/4B) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/4) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349631]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349661]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349681]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349701]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349721]: Words in [s. 36(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349741]: Words in [s. 36(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21799401]: [S. 37](https://www.legislation.gov.uk/ukpga/1988/1/section/37) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/12)
[^c21570121]: SOURCE-1970 s. 83(1); 1978 s. 32(2)
[^c21570161]: *See* 1979(C) s.106*and* Sch.3 para.6(1)—*allowance under this subsection to be deducted from any loss on disposal of lease.*
[^c21570171]: SOURCE-1970 s. 83(2)
[^c21570181]: SOURCE-1970 s. 83(3)
[^c21570191]: SOURCE-1970 s. 83(4)
[^c21570201]: SOURCE-1970 s. 83(5)
[^c21570211]: *See* 1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21570221]: SOURCE-1970 s. 83(7)
[^c21799441]: [S. 37(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/2), (with Sch. 5 para. 73)
[^c21570151]: 1990 s.89*and* Sch.14 para.2 (*correction of errors*)—*deemed always to have had effect. Previously* “subsection (2) below”, “this subsection” *and* “the amount of that tax” *respectively.*
[^c21799461]: Words in [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/a), (with Sch. 5 para. 73)
[^c21799481]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/b), (with Sch. 5 para. 73)
[^c21799501]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/a), (with Sch. 5 para. 73)
[^c21799521]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/b), (with Sch. 5 para. 73)
[^c21799541]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/5), (with Sch. 5 para. 73)
[^c23348441]: Word in [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349761]: [S. 37(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349781]: Words in [s. 37(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349801]: Word in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349821]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349841]: Word in [S. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349861]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349871]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349891]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349911]: [S. 37(7)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/7/b/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349931]: Words in [s. 37(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349951]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349971]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349991]: [S. 37(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570231]: SOURCE-1970 S. 84(1)(b)–(d); 1972 s. 81(2)(a), (b)
[^c21570241]: [S. 38(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1/a/4) excluded (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 5(4)(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/5/4/6), [6(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7).
[^c21570251]: SOURCE-1970 s. 84(2); 1972 s. 81(2)(c)
[^c21570271]: SOURCE-1970 s. 84(3A); 1972 s. 81(5)
[^c21570281]: SOURCE-1970 s. 84(3); 1972 s. 81(2)(d)
[^c21570291]: *See* 1990(C) s.11(4)—*rules applied in connection with leases for industrial buildings and structures.*
[^c21570301]: SOURCE-1970 s. 84(4)
[^c21799581]: [S. 38(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1)(6) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 291(3)](https://www.legislation.gov.uk/ukpga/2001/2/section/291/3)
[^c21799561]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (with effect as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/2)
[^c23350031]: Words in [s. 38(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350051]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570311]: SOURCE-1970 s. 85(1)
[^c21570321]: *Repealed by* 1988(F) ss.75, 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21570331]: SOURCE-1970 s. 86
[^c21805531]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/2), (with Sch. 5 para. 73)
[^c21805551]: Words in [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/3), (with Sch. 5 para. 73)
[^c21805571]: [S. 40(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/4A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/4), (with Sch. 5 para. 73)
[^c21805591]: [S. 40(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/5) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(f)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/f); and s. 40(5) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/5), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350071]: Word in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350091]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350111]: Word in [s. 40(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350131]: Word in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350151]: Words in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (3.11.2004 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Deductions for Expenditure etc.) Regulations 2004 (S.I. 2004/2664)](https://www.legislation.gov.uk/uksi/2004/2664), [reg. 4](https://www.legislation.gov.uk/uksi/2004/2664/regulation/4)
[^c21570361]: SOURCE- 1972 s. 82
[^c23351701]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (6.12.2007 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Income Tax) Regulations 2007 (S.I. 2007/3278)](https://www.legislation.gov.uk/uksi/2007/3278), [reg. 7](https://www.legislation.gov.uk/uksi/2007/3278/regulation/7)
[^c23350171]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) renumbered as s. 42(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350191]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350211]: [S. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853731]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21853741]: [S. 42A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/8) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/22), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23350251]: Words in [s. 42A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/25/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23367561]: Words in [s. 42A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/25/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570411]: *And see, as regards Ulster Savings Certificates,* Part III Vol.5.
[^c21570421]: SOURCE-1981 S. 34(1)
[^c21570431]: SOURCE-1970 s. 98
[^c21570441]: SOURCE-1981 s. 34(2)–(5); 1979 (C) s. 71(2)(a)
[^c21570451]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570461]: [1958 c.6](https://www.legislation.gov.uk/ukpga/1958/6).
[^c21570471]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c21570481]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c23353721]: Word in [s. 46(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353741]: Words in [s. 46(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353761]: Words in [s. 46(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353801]: [S. 46(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570531]: SOURCE-1970 s. 101(1)
[^c21570551]: [1939 c. 117](https://www.legislation.gov.uk/ukpga/1939/117).
[^c21570561]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570631]: SOURCE-1970 s. 101(2)
[^c21570641]: SOURCE-1970 s. 101(3)–(6)
[^c21812981]: Words in [s. 50(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/11), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21812991]: [S. 50(A1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/A1) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/2)
[^c21813011]: Words in [s. 50(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/a)
[^c21818131]: [S. 50(1)(a)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1/a/c/d) repealed (with effect in accordance with Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c21813031]: Words in [s. 50(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/2) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/b)
[^c21813051]: Words in [s. 50(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/3) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/c)
[^c21813071]: Words in [s. 50(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/4/5) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/d)
[^c21813101]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "gilt-edged securities" inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/4)
[^c21818201]: Words in [s. 50(A1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/A1) substituted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/1)
[^c23353501]: Words in [s. 50](https://www.legislation.gov.uk/ukpga/1988/1/section/50) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353571]: Words in [s. 50(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/5) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353591]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "the Bank" omitted (15.11.2004) by virtue of [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(i)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/i) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353611]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): word at the end of definition of "gilt-edged securities" omitted (15.11.2004) by virtue of [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/ii) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353631]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): word in definition of "registered" substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(iii)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/iii) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353681]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "the Registrar" inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(iv)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/iv) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21570651]: SOURCE-1970 s. 102
[^c21570661]: [1950 c. 3 (N.I.)](https://www.legislation.gov.uk/apni/1950/3)
[^c23353701]: Words in [s. 51(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/1/b) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(4)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/4) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21570681]: SOURCE-1970 s. 110(1), (2)
[^c21570691]: SOURCE-1970 s. 110(3)
[^c21570701]: 1988(F) Sch.6 para.6(7),*into force on* 6*April* 1988*subject to certain provisos. Previously* “(4) Subsection (3) above shall not affect the taxation of woodlands which are managed on a commercial basis and with a view to the realisation of profits”.
[^c21852211]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21852231]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357971]: Word in [s. 53(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357991]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358011]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358031]: Words in [s. 53(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852241]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358051]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/33) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570911]: *See* s.608—*exemption for certain superannuation funds.*
[^c21570951]: SOURCE-1973 s. 26(3); 1974 s. 30(2)
[^c21832991]: Word in [s. 56(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4) substituted (with effect in accordance with s. 164(5)(6) of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 164(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/4)
[^c23358091]: Words in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359501]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358241]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359521]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571531]: SOURCE-1970 s. 129(1)
[^c21571541]: SOURCE-1970 s. 129(4)
[^c21571551]: SOURCE-1970 s. 129(5)
[^c21861051]: [S. 70](https://www.legislation.gov.uk/ukpga/1988/1/section/70) excluded (with application in accordance with s. 65(1)(3)(4) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 65(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/65/2/a)
[^c21833081]: Words in [s. 70(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21858921]: Words in [S. 70A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [580](https://www.legislation.gov.uk/ukpga/2001/2/section/580), [Sch. 2 para. 14](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/14), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21571571]: *See* S.I. [1987 No. 530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol. 5) regn. 16—*payments attributable to non-resident entertainers and sportsmen.*
[^c21571581]: SOURCE-1970 ss. 127(1), 129(2)
[^c21571591]: SOURCE-1970 s. 127(2), 527(4)
[^c21827611]: Word in [s. 72(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 121](https://www.legislation.gov.uk/ukpga/1995/4/section/121)
[^c23359661]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358451]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571611]: *See*—1979(C) s.122—*election to take capital gain or loss into account when asset appropriated to stock in trade.*1989 ss.67-74—*employee share ownership trusts.*[Banking Act 1987 (c.22)](https://www.legislation.gov.uk/ukpga/1987/22) s.66—*contributions to the Deposit Protection Fund.*
[^c21571621]: SOURCE-1970 s. 130(a)–(m); 1987 Sch. 15para. 2(9)
[^c21571631]: *See* 1989 ss.112-113—*expenditure on security on or after* 6*April* 1989.
[^c21571661]: SOURCE-1970 s. 130(n), (o)
[^c21826011]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/159/4) (with [Sch. 18 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/3), [2(3)(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/2/3/4), [3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/3/3))
[^c21826031]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) renumbered as s. 74(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/2)
[^c21826061]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) substituted (with effect in accordance with [s. 144(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/1)
[^c21826101]: [S. 74(1)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/o) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/1)
[^c21826051]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9) {s. 144(2)}
[^c21833101]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 105(1) of the excluding Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 82(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/82/7) (with [ss. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [99](https://www.legislation.gov.uk/ukpga/1996/8/section/99), [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21847301]: [S. 74(1)(q)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/q) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21861071]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 Para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/14/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21852371]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853971]: [S. 74(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/a) extended (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/3177/regulation/5)
[^c21861091]: [S. 74(1)(m)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m/p) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c21852381]: Words in [s. 74(1)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23356371]: [S. 74(1)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/n) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23359681]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359701]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359721]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358481]: [S. 74(1)(b)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/b/o) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(d)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/d/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369191]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369211]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21860671]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 27](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/27) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23356411]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) substituted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(1)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/1/5)
[^c23376271]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/3), [199(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/b), [200(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/b), [246(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/b/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23356431]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/5)
[^c23356491]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) substituted (with effect in accordance with ss. 42, 44 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 40](https://www.legislation.gov.uk/ukpga/2004/12/section/40)
[^c23369731]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2005/2014/regulation/5) (as amended: (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2007/2134/regulation/5); (12.8.2008 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2008/1937/regulation/3))
[^c23376461]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/4), [199(2)(c)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/c/5), [246(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23376531]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 200(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/c), [246(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23369711]: Word in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) repealed (with effect in accordance with Sch. 11 Pt. 2(10) Note 1 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10)
[^c23369571]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) inserted (with effect in accordance with [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/2)
[^c23376701]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [3](https://www.legislation.gov.uk/uksi/2006/3270/article/3)
[^c23358511]: [S.77](https://www.legislation.gov.uk/ukpga/1988/1/section/77) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/47), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21834651]: [S. 78](https://www.legislation.gov.uk/ukpga/1988/1/section/78) repealed with saving (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/10), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21572171]: SOURCE-1982 s. 48(1)–(4)
[^c21572181]: SOURCE-1982 s. 48(5)
[^c21572191]: SOURCE-1982 s. 48(6)–(9)
[^c21856471]: [S. 79](https://www.legislation.gov.uk/ukpga/1988/1/section/79): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21856481]: [S. 79(4)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/4/8): functions transferred (1.7.1999) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750)](https://www.legislation.gov.uk/uksi/1999/1750), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/1750/article/1/1), [2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1) (with [art. 7](https://www.legislation.gov.uk/uksi/1999/1750/article/7))
[^c21852411]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858671]: Words in [s. 79(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/11) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23356861]: Words in [s. 79(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23356901]: [S. 79(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23359841]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359861]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359891]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359911]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359931]: Words in [s. 79(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359951]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359971]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360001]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360021]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360041]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360071]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572211]: 1990 s.76.
[^c21826241]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826261]: Word in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826281]: [S. 79A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/4)
[^c21826321]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/5)
[^c21852421]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858701]: Words in [s. 79A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c21858691]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23359591]: Words in [s. 79A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 3(2)
[^c23359601]: [S. 79A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360091]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360111]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360141]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360161]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360181]: Words in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360221]: Words in [s. 79A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360241]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360271]: Words in [s. 79A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360291]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360311]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360341]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358531]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358551]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358561]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572251]: SOURCE-1970 s. 132
[^c21572261]: [Sch.7 para.36(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/2) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)—*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)*Previously* “the extension of the period of copyright in a design”.
[^c21827491]: [S. 83(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/a) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21827471]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) repealed (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 5](https://www.legislation.gov.uk/ukpga/1994/26/schedule/5); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21852461]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23360671]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/56) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572291]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/68/1/2)
[^c21856451]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21834661]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/2)
[^c21834681]: [S. 84(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A/3B) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/3)
[^c21859171]: Words in [s. 84(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/1/a)
[^c21859141]: [S. 84(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by Capital Allowances Act 2001 (c, 2), Sch. 2 para. 17(1)(b)(3), {Sch. 4}
[^c21859211]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/a)
[^c21859231]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/b)
[^c21859251]: Words in [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/4)
[^c23360931]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360951]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360971]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360991]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361011]: [S. 84(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A): by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/4) it is provided that "In subsection (3A) for "above is--" to the end substitute "the period of two years beginning at the end of the accounting period in which the gift is made."" (in force 6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/883/1) of the amending Act) (with Sch. 2)
[^c23358571]: [S. 84(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361031]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361051]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361081]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361101]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361131]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572311]: SOURCE-1978 s. 60
[^c21858731]: [S. 85](https://www.legislation.gov.uk/ukpga/1988/1/section/85) amended (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 50](https://www.legislation.gov.uk/ukpga/2000/17/section/50)
[^c21852481]: Words in [s. 85(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357011]: [S. 85(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/b/c) substituted for s. 85(1)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 5(2)
[^c21572331]: SOURCE-1983 s. 28; 1984 s. 33; 1987 s. 34
[^c21856741]: Words in [s. 86(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3) repealed (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(2)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/2/5), [Sch. 20 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/14), Note
[^c21856761]: [S. 86(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3/a) substituted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/3)
[^c21856781]: [S. 86(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/4) inserted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/4)
[^c23357131]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(2)
[^c23357151]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): definition of "deductible" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(3)
[^c23361171]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361191]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361211]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): words in definition of "deductible" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572371]: *See*—1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*from* 19*March* 1985.1990(C) s.111—*reduction of qualifying expenditure for premium relief.*
[^c21827511]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S. I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21572381]: SOURCE-1970 s. 134(1); 1978 s. 32
[^c21572391]: SOURCE-1970 s. 134(2), (3); 1978 s. 32
[^c21572401]: SOURCE-1970 s. 134(4)
[^c21572411]: SOURCE-1970 s. 134(4)(a)
[^c21572421]: SOURCE-1970 s. 134(4)(b)
[^c21572431]: SOURCE-1970 s. 134(5), (6); 1986 Sch. 13 para. 26
[^c21572451]: *Words repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21572461]: SOURCE-1970 s. 134(1)(i), (ii)
[^c21832891]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/2)
[^c21847131]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c21827711]: [S. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) modified (with effect in accordance with s. 39(4)(5) of the modifying act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/14/1)
[^c21853591]: [S. 87(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/a/b) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/34) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21852521]: Words in [s. 87(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853581]: [S. 87(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/10) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21859271]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 18](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/18)
[^c23361271]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358591]: Word at the end of s. 87(1)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361291]: [S. 87(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361311]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361331]: Words in [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361351]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361381]: Words in [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361401]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361421]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361441]: Word in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361461]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361481]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361501]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361531]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361571]: Word in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361591]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361611]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361631]: Word in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361651]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361691]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361721]: Words in [s. 87(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361741]: [S. 87(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361761]: [S. 87(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572471]: SOURCE-1972 s. 124(1)
[^c21572481]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21852541]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357191]: [S. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 9(2)
[^c23361801]: Words in [s. 88](https://www.legislation.gov.uk/ukpga/1988/1/section/88) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361821]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361841]: Words in [s. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416311]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834711]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416321]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834721]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416331]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834741]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23361861]: [S. 89](https://www.legislation.gov.uk/ukpga/1988/1/section/89) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/65) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369401]: Words in [s. 89(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/3) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/a)
[^c23369421]: [S. 89(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/4/5) added (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/b)
[^c23357211]: [S. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(2)
[^c23357241]: [S. 90(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(3)
[^c23361881]: Words in [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361901]: Words in [s. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361931]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358611]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572521]: SOURCE-1970 s. 141(1)
[^c21572531]: SOURCE-1970 s. 141(2)
[^c21572541]: SOURCE-1970 s. 141(3)–(8)
[^c21572551]: [1952 c. 33](https://www.legislation.gov.uk/ukpga/1952/33).
[^c21852581]: Words in [s. 91(1)(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/4/a/i) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859291]: [S. 91(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 19](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/19)
[^c23363401]: Words in [s. 91(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363421]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363731]: Words in [s. 91(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364111]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364131]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364151]: Words in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364171]: Word in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364191]: Words in [s. 91(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364211]: Words in [s. 91(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364231]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364251]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364271]: [S. 91(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572731]: [Ss. 91A](https://www.legislation.gov.uk/ukpga/1988/1/section/91A), [91B](https://www.legislation.gov.uk/ukpga/1988/1/section/91B) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 78](https://www.legislation.gov.uk/ukpga/1990/29/section/78).
[^c21572741]: Words in [s. 91A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/4/b) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(a)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/a); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572751]: [1974 c. 40](https://www.legislation.gov.uk/ukpga/1974/40).
[^c21572761]: [S.I. 1978/1049 (N.I.19)](https://www.legislation.gov.uk/nisi/1978/1049).
[^c21572771]: [S. 91A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/c) and the word “or” immediately preceding it inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/1/3)
[^c21572781]: [1960 c. 34](https://www.legislation.gov.uk/ukpga/1960/34).
[^c21572791]: [1993 c. 12](https://www.legislation.gov.uk/ukpga/1993/12).
[^c21572801]: [1965 c. 57](https://www.legislation.gov.uk/ukpga/1965/57).
[^c21572811]: [S. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(b)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/b); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572821]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c21572841]: [1991 c. 34](https://www.legislation.gov.uk/ukpga/1991/34).
[^c21847761]: Words in [s. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (S.) (27.5.1997) by [Planning (Consequential Provisions) (Scotland) Act 1997 (c. 11)](https://www.legislation.gov.uk/ukpga/1997/11), [s. 6(2)](https://www.legislation.gov.uk/ukpga/1997/11/section/6/2), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/1997/11/schedule/2/paragraph/41)
[^c21852601]: Words in [s. 91A(2)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858821]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (E.W.) (1.8.2000) by [The Pollution Prevention and Control (England and Wales) Regulations 2000 (S.I. 2000/1973)](https://www.legislation.gov.uk/uksi/2000/1973), [Sch. 10 para. 1](https://www.legislation.gov.uk/uksi/2000/1973/schedule/10/paragraph/1) (with [reg. 5](https://www.legislation.gov.uk/uksi/2000/1973/regulation/5))
[^c21858841]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (S.) (28.9.2000) by [The Pollution Prevention and Control (Scotland) Regulations 2000 (S.S.I. 2000/323)](https://www.legislation.gov.uk/ssi/2000/323), [Sch. 10 para. 2](https://www.legislation.gov.uk/ssi/2000/323/schedule/10/paragraph/2) (with [reg. 34](https://www.legislation.gov.uk/ssi/2000/323/regulation/34))
[^c21861161]: [S. 91A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/8) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23354891]: Words in [s. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (31.3.2003) by [The Pollution Prevention and Control Regulations (Northern Ireland) 2003 (S.R. 2003/46)](https://www.legislation.gov.uk/nisr/2003/46), [reg. 1](https://www.legislation.gov.uk/nisr/2003/46/regulation/1), [Sch. 11 para. 3](https://www.legislation.gov.uk/nisr/2003/46/schedule/11/paragraph/3)
[^c23364291]: Word in [s. 91A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358631]: Words in [s. 91A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572861]: [S. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/2/3)
[^c21852621]: Words in [s. 91B(2)(5)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2/5/a/6/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861191]: [S. 91B(11)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/11/e) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23364311]: Words in [s. 91B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358651]: Words in [s. 91B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364341]: Word in [s. 91B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364361]: Words in [s. 91B(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364381]: Words in [s. 91B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364401]: Words in [s. 91B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364421]: Words in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364451]: Word in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572301]: [S. 84A](https://www.legislation.gov.uk/ukpga/1988/1/section/84A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 42](https://www.legislation.gov.uk/ukpga/1991/31/section/42)
[^c21852471]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354591]: [S. 84A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354611]: Words in [s. 84A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23356941]: [S. 84A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/b/c) substituted for s. 84A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(2)
[^c23356961]: Words in [s. 84A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(3)
[^c23356981]: [S. 84A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3ZA) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(4)
[^c23361151]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/59) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572321]: [S. 85A](https://www.legislation.gov.uk/ukpga/1988/1/section/85A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 43](https://www.legislation.gov.uk/ukpga/1991/31/section/43)
[^c21852491]: Words in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/10)
[^c23357031]: Word in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(a)
[^c23357051]: [S. 85A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/b/c) substituted for s. 85A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(b)
[^c23357071]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(3)
[^c23357111]: [S. 85A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(4)
[^c21572361]: [S. 86A](https://www.legislation.gov.uk/ukpga/1988/1/section/86A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.69](https://www.legislation.gov.uk/ukpga/1993/34/section/69)
[^c21852511]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354651]: Words in [s. 86A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354671]: Words in [s. 86A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354691]: [S. 86A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23357171]: [S. 86A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 8(2)
[^c23361231]: Words in [s. 86A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361251]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852651]: Word in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859561]: Words in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 20](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/20)
[^c23364511]: Word in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364531]: Words in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861141]: [S. 83A](https://www.legislation.gov.uk/ukpga/1988/1/section/83A) modified (with effect in accordance with s. 58(4) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/a)
[^c21859081]: [S. 83A(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(1)(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/1/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859111]: Words in [s. 83A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/3)
[^c23360691]: Words in [s. 83A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360711]: Words in [s. 83A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360731]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360751]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360771]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360791]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360811]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360841]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360861]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360881]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360911]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357951]: [S. 82A](https://www.legislation.gov.uk/ukpga/1988/1/section/82A) modified (1.1.2005 with effect in accordance with art. 2 of the commencing S.I.) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 53(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/53/2); [S.I. 2004/3268](https://www.legislation.gov.uk/uksi/2004/3268), [art. 2](https://www.legislation.gov.uk/uksi/2004/3268/article/2)
[^c23360611]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360631]: Words in [s. 82A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360651]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23417381]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369591]: Words in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/2)
[^c23417391]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369611]: Words in [s. 82B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/3) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/3)
[^c23364471]: Words in [s. 91BA(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364491]: Word in [s. 91BA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860901]: [S. 76A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/3)
[^c21860921]: [S. 76A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/4)
[^c21860941]: [S. 76A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/5/6) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/5)
[^c23359821]: Words in [s. 76A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/46) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860961]: Words in [s. 76B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/7)
[^c21860981]: [S. 76B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/4) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/8)
[^c23356511]: Words in [s. 76B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/2)
[^c23356531]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) inserted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/a)
[^c23356551]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/b)
[^c23359621]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23359641]: [S. 79B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360361]: Word in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360381]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360411]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360431]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360451]: Words in [s.79B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/3) inserted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360471]: Words in [s. 79B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360491]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360521]: Words in [s. 79B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360541]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360561]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360591]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369301]: Words in [s. 75A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/a) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/a)
[^c23369321]: Words in [s. 75A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/b) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/b)
[^c21572871]: SOURCE-1984 s. 54(1), (4)
[^c21572881]: SOURCE-1984 s. 54(2), (3)
[^c21572891]: [1982 c. 52](https://www.legislation.gov.uk/ukpga/1982/52).
[^c21572901]: SOURCE-1980 s. 42(1)
[^c21572911]: SOURCE-1980 s. 42(2)
[^c21572921]: [1972 c. 63](https://www.legislation.gov.uk/ukpga/1972/63).
[^c21572931]: [1966 c. 36 (N.I.)](https://www.legislation.gov.uk/apni/1966/36).
[^c21572941]: [1971 c. 22 (N.I.)](https://www.legislation.gov.uk/apni/1971/22).
[^c21572951]: SOURCE-1980 s. 42(2); 1984 s. 55(1)
[^c21572961]: [S.I. 1982/1083 (N.I. 15)](https://www.legislation.gov.uk/nisi/1982/1083).
[^c21572971]: SOURCE-1980 s. 42(3); 1984 s. 55(2)
[^c23357261]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 11(2)
[^c23364551]: Word in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364571]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572981]: SOURCE-1970 s. 136
[^c21826351]: [S. 94](https://www.legislation.gov.uk/ukpga/1988/1/section/94) renumbered as s. 94(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/4)
[^c21826371]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/a)
[^c21852661]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364591]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364611]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369471]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/2)
[^c23369461]: [S. 94(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21847241]: [S. 95(1)(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1/1A/1B/2) substituted for s. 95(1)-(3) (with effect in accordance with [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/1)
[^c21849001]: [S. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/2)
[^c21849021]: Words in [s. 95(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/a)
[^c21849121]: [S. 95(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/b) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/b), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849041]: Words in [s. 95(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/c) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/c)
[^c21849131]: [S. 95(1A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/d) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/d), [Sch. 8 pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849061]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(e)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/e)
[^c21849141]: [S. 95(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1B) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/4), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849151]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/a), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849081]: Words in [s. 95(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2/a) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/b)
[^c21849101]: [S. 95(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2A) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/6)
[^c21849171]: [S. 95(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/4/5) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(7)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/7/8). {Sch. 8 Pt. 2(8)}
[^c23354741]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) repealed (with effect in accordance with Sch. 43 Pt. 3(6) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^c23356591]: [S. 95(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1C) inserted (2.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 137(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/137/2/6)
[^c23364651]: Words in [s. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358671]: [S. 95(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364671]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573031]: SOURCE-1970 s. 139
[^c21852681]: Words in [s. 97](https://www.legislation.gov.uk/ukpga/1988/1/section/97) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364691]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364711]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364731]: Words in [s. 98(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573061]: SOURCE-1970 s. 142(1)
[^c21573071]: SOURCE-1970 s. 142(2), (4)
[^c21573081]: SOURCE-1970 s. 142(2), (4)
[^c21852691]: Words in [s. 99(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364751]: Words in [s. 99(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364771]: Words in [s. 99(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364791]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364831]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364851]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23394171]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 2 para. 139(3)(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/139/3/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418131]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21573091]: *See*—1988(F) Sch.12 para.2—*building societies converting to companies.*[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(1)—*this provision not to apply to the discontinuance of an existing bank under the* TSB Act 1985.
[^c21573101]: Source—1970 s.137(1)
[^c21573111]: Source—1970 s.137(4)
[^c21829261]: Words in [s. 100(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/a) substituted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/1)
[^c21829301]: [S. 100(1A)-(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A) inserted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), by {s. 140(1)}
[^c21829321]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21852711]: Words in [s. 100(1)(1D)(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/1D/1E) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861421]: [S. 100](https://www.legislation.gov.uk/ukpga/1988/1/section/100) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/11/3); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21861211]: [S. 100(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1B/a) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 105(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/105/1), [Sch. 40 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/17)
[^c21861221]: [S. 100(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/3) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 106(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/1)
[^c23356611]: [S. 100(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1ZA) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/2/2)
[^c23364871]: Words in [s. 100(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364891]: Words in [s. 100(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364911]: Words in [s. 100(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364931]: Words in [s. 100(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1C/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364951]: Word in [s. 100(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1D) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364971]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364991]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358721]: Words in [s. 100(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/2/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573121]: Source—1970 s.138(1)
[^c21573131]: Source—1970 s.138(3)
[^c21573141]: Source—1970 s.138(5)
[^c21834931]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/2)
[^c21834951]: [S. 101(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/3)
[^c21852741]: Words in [s. 101(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365011]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358781]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358791]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365031]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358841]: [S. 101(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358811]: Words in [s. 101(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358861]: Words in [s. 101(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573151]: Source—1970 s.137(2), 138(2)
[^c21573161]: Source—1970 s.137(3), 138(4)
[^c21834971]: Words in [s. 102(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1/a) substituted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 22 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/11)
[^c21852761]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358901]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365051]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358921]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(a)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/a/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365071]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365091]: Word in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573171]: Source—1970 s.143; 1983 s.27(b)
[^c21573181]: [Sch.7 para.36(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/3) [Copyright Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced*).
[^c21826461]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/b)
[^c21826491]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/5)
[^c21852771]: Words in [s. 103(1)(2)(a)(b)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1/2/a/b/4/a/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365111]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358951]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365131]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365151]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365171]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365191]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358971]: [S. 103(3)(b)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/b/bb) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423281]: Words in [s. 103(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369491]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/2)
[^c23369271]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369511]: Words in [s. 103(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/5) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/5)
[^c21573191]: Source—1970 s.144(1)
[^c21573211]: Source—1970 s.144(3), (4)
[^c21852841]: Words in [s. 104(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853831]: [S. 104(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/4/5/7) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365231]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359011]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365251]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365271]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359031]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573221]: Source—1970 s.145
[^c21835011]: [S. 105](https://www.legislation.gov.uk/ukpga/1988/1/section/105) modified by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 15A](https://www.legislation.gov.uk/ukpga/1990/1/section/15A) (as inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 201](https://www.legislation.gov.uk/ukpga/1996/8/section/201), [Sch. 39 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/1/2))
[^c21829331]: Words in [s. 105(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/2) inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/6)
[^c21852921]: Words in [s. 105(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1/a/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853881]: [S. 105(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/4) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365291]: Words in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365331]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365351]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365371]: Words in [s. 105(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573231]: Source—1970 s.147
[^c21852931]: Word in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365411]: Words in [s. 106(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365431]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365451]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365471]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365491]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573271]: Source—1970 s.151(1)
[^c21573291]: Source—1970 s.151(2)-(5)
[^c21829441]: Words in [s. 110(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1) substituted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/3)
[^c21852991]: Words in [s. 110(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/3/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365571]: [S. 110(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1A) subsituted for s. 110(2) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 90](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/90) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21829371]: [S. 109A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/1) modified (with application as stated in s. 90(7) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/2)
[^c21835111]: Words in [s. 109A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/5/1)
[^c21835131]: [S. 109A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4A) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/5/2)
[^c21852961]: Words in [s. 109A(2)(d)(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/2/d/4/4A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23359091]: [S. 109A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359111]: Words in [s. 109A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359131]: Words in [s. 109A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365531]: Words in [s. 109A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365551]: [S. 109A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/6A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22730011]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) modified (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)
[^c22730031]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with application in accordance with s. 44 of the excluding act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/1/2), [Sch. 6 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6/6)
[^c22730041]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with effect in accordance with s. 64 and Sch. 22 paras. 16-18 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 13(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/13/6)
[^c23365591]: Words in [s. 111(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573401]: Source—1970 s.155(1); 1973 s.31(5); 1980 s.39(3)
[^c21573411]: Source—1970 s.155(2); 1972 s.107(2)
[^c21826551]: [S. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 172(4)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/172/4)
[^c21826581]: Words in [s. 114(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 215(4)(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/4/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/2) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21826661]: [S. 114(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/a), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21831731]: Words in [s. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/4)
[^c21831771]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/3) repealed (with effect in accordance with [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/218/1)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 1
[^c23385131]: [S. 115(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5C) inserted (retrospectively) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(1)(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/1/4)
[^c21827331]: [S. 115(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/1)(6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21832551]: [S. 115(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/5) substituted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/5)
[^c23354721]: Words in [s. 115(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23365611]: [S. 115(5)-(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) substituted for s. 115(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426381]: [S. 115(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) modified (with retrospective effect) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(5)(6)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/5/6/b)
[^c21573471]: Source—1973 s.31(1)-(5), (9), 32(6)
[^c21853931]: [S. 116(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/2/d) repealed (with effect in accordance with Sch. 3 para. 10(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 10(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/10/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21859591]: [S. 116(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4/b) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 21](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/21)
[^c23365631]: Word in [s. 116(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 96](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/96) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573491]: Source—1985 Sch.12 2(1)-(3).
[^c21573511]: 1985 Sch.12 1, 2(4)
[^c21573521]: [1907 c. 24](https://www.legislation.gov.uk/ukpga/1907/24).
[^c21573541]: Source—1985 Sch.12 4
[^c21573551]: Source—1985 Sch.12 2(5)
[^c21853271]: Words in [s. 117(1)(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/3/b/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b) Sch. 7 para. 1
[^c21859821]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859841]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859861]: [S. 117(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859871]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c21859881]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c21859901]: [S. 117(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/c), [Sch 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c23356631]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/2)
[^c23357291]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(a)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/a/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357311]: Words in [s. 117(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/a) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(a)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/a/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357331]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(b)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/b/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23426891]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(b)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/b/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357381]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(1)(a)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/1/a/4)
[^c23357401]: [S. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2): definition of "the amount of any reclaimed relief" inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(1)(b)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/1/b/4)
[^c23357361]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(c)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/c/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357421]: [S. 117(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/5) added (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(2)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/2/5)
[^c21573601]: Source—1985 Sch.12 3(1)-(3)
[^c21573611]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/a)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21573631]: Source—1985 Sch.12 3(4), 1, 4
[^c21573641]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21853941]: Words in [s. 118(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/2) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/35)
[^c21853301]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21860031]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860111]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860071]: [S. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860121]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/a) {Sch. 4} (with Sch. 2 para. 23(3))
[^c21860131]: Words in [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860091]: [S. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860751]: [S. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)
[^c23365651]: Words in [s. 118ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365671]: Words in [s. 118ZA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427041]: [S. 118ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB) renumbered as s. 118ZB(1) (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/3)
[^c23356671]: [S. 118ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB/2) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/3)
[^c23357451]: Words in [s. 118ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(2)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/2/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357671]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(3)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/3/5)
[^c23356681]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/4)
[^c23357471]: Words in [s. 118ZE(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(3)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/3/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23365691]: Words in [s. 118ZE(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365711]: Words in [s. 118ZE(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365731]: Words in [s. 118ZE(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357501]: Words in [s. 118ZF(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(4)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/4/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357691]: Words in [s. 118ZF(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(2)(a)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/2/a/4)
[^c23357701]: [S. 118ZF(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1A) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/2/b/4)
[^c23357531]: Words in [s. 118ZG(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZG/2/b/ii) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(5)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/5/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357711]: [S. 118ZG(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZG/7) added (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(4)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/4/5)
[^c23365751]: Words in [s. 118ZH(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZH/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 99](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/99) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357561]: Words in [s. 118ZJ(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/3) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(a)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/a/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357591]: Words in [s. 118ZJ(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/4) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(b)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/b/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357631]: [S. 118ZJ(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/4/b) and preceding word repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(b)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/b/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357661]: [S. 118ZJ(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/5/b) and preceding word repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(c)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/c/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23365771]: Words in [s. 118ZK(2)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZK/2/b/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/100) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365801]: Words in [s. 118ZL(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365821]: Words in [s. 118ZL(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365841]: Words in [s. 118ZL(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365861]: Words in [s. 118ZL(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357931]: [S. 118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) modified (retrospective to 2.12.2004) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 3 paras. 17](https://www.legislation.gov.uk/ukpga/2005/7/schedule/3/paragraph/17), [31(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/3/paragraph/31/3)
[^c23365881]: Words in [s. 118ZM(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 102](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/102) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573671]: Source—1970 s.156
[^c21573681]: [S. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 201(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573691]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/4) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21832621]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) repealed (with effect in accordance with s. 145(3), Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/1), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21832661]: Words in [s. 119(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/2) repealed (with effect in accordance with Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21861441]: Word in [s. 119(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/3) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2), Sch. 12 para. 50(3), {Sch. 13 Pt. 1}; [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23365901]: Word in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/103) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573701]: Source—1970 s.157
[^c21847521]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/a)
[^c21847561]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/b), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847541]: [S. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/3)
[^c21847571]: [S. 120(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/2) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/4), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847611]: [S. 120(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/5/c) and preceding word repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by Finance Act 1997, (c. 16), s. 60(5), {Sch. 18 Pt. 6(2)}
[^c23365921]: Word in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365941]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365961]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573711]: Source—1970 s.158(1), (2)
[^c21832671]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) substituted for s. 121(1)(2) (with effect in accordance with [s.145(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/2)
[^c23359361]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/105), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573811]: Source—1970(F) s.29(1), (3); 1971 Sch.9 4
[^c21573821]: [S. 122(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1/b) and the word "and" immediately preceding it repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573841]: Source—1970(F) s.29(2)
[^c21573851]: [S. 122(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/3/8) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573881]: *For regulations see* Part III Vol.5.
[^c21573891]: [S. 122(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/5) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 203(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/203/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573911]: [1966 c. 4](https://www.legislation.gov.uk/ukpga/1966/4).
[^c21573931]: [1969 c. 35 (N.I.)](https://www.legislation.gov.uk/apni/1969/35).
[^c21573941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c21573951]: [1903 c. 37](https://www.legislation.gov.uk/ukpga/1903/37).
[^c21832691]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (1.5.1995 with effect in accordance with Note to Sch. 29 Pt. 8(22) of the amending act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c23365991]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359371]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(b)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/b/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366011]: Word in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359411]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366031]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359431]: [S. 122(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21574141]: Source—1977 s.48
[^c21574151]: *See* 1989 s.59—*rights of admission disregarded in the case of certain covenanted subscriptions.*
[^c23369551]: [S. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) substituted (with retrospective effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/7) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/2)
[^c23366051]: [S. 125(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/a) and word substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366071]: Words in [s. 125(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369631]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) substituted (with effect in accordance with [s. 38(7)(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/3)
[^c23369651]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (with effect in accordance with s. 38(7)(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21574281]: Source—1985 s.72(1), (2); 1987 (No.2) s.81(1)
[^c21574291]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/7) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21861281]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(1) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/1/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21861351]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(3) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21574451]: *See*—1988 s.338(6)—*definition applied for purposes of* s.338(3) (*charges*).1988 s.576(5)—*definition applied for purposes of* ss.573 to 576 (*losses on unquoted shares in trading companies*).[Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(6).
[^c23356841]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130) sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/4)
[^c21574741]: [S. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss.120](https://www.legislation.gov.uk/ukpga/1992/12/section/120), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21574751]: Source—1972 s.79(1), (4)
[^c21574761]: Source—[1972 c.79](https://www.legislation.gov.uk/ukpga/1972/79)(1), (7)
[^c21574771]: Source—1972 s.79(2)(b), (3)(b), (8)
[^c21574781]: Source—1973 Sch.8 1
[^c21574791]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574801]: Source—1972 s.79(2)(bb); 1984 s.40(1)
[^c21574811]: Source—1972 s.79(6)
[^c21574821]: Source—1973 Sch.8 1(b), 3; 1974 s.20(2)
[^c21574831]: Source—1973 Sch.8 2
[^c21574841]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574851]: Source—1972 s.79(2A); 1973 Sch.8 4(1)(b)
[^c21574861]: Source—1972 s.79(2B); 1984 s.40(2)
[^c21574871]: Source—1972 s.79(5), (6); 1973 Sch.8 4(1)(c); 1986 s.26(4)
[^c21574881]: Source—1972 s.79(5A), (5B); 1986 s.26(3), (6)
[^c21574891]: Source—1972 s.79(3)(a); 1974 s.20(1)(b)
[^c21574901]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 88, 148, Sch.14 Part VI in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441861]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c23391981]: Words in [s. 138(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392011]: Words in [s. 138(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21575111]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 88](https://www.legislation.gov.uk/ukpga/1988/39/section/88), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VI](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14) in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441911]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c21575011]: Source—1972 s.79(1A), (1B); 1984 s.41(1)
[^c21575021]: Source—1972 s.79(10), (11)
[^c21575031]: Source—1972 Sch.12 3; 1984 s.41(2)
[^c21575041]: Source—1972 Sch.12 3A; 1984 s.40(4)
[^c21575051]: Source—1973 Sch.8 5-7; 1982 s.41
[^c21575061]: Source—11982 s.41; 1986 s.23(4)
[^c21575071]: Source—1973 Sch.8 35; 1972 Sch.12 6, 8
[^c21575081]: Source—1972 s.79(6A); 1986 s.26(5)
[^c21575091]: Source—1972 s.79(4A); 1984 s.40(3)
[^c21575101]: Words in [s. 139(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/139/14) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21575731]: Source—1981 s.28; 1987 Sch.3 6
[^c22201601]: Words in [s. 152(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/1) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 13](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/13); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(b)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/b)
[^c22277021]: Words in [s. 152(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/7) substituted (27.6.2002) by [The Secretaries of State for Education and Skills and for Work and Pensions Order 2002 (S.I. 2002/1397)](https://www.legislation.gov.uk/uksi/2002/1397), [Sch. para. 6](https://www.legislation.gov.uk/uksi/2002/1397/schedule/paragraph/6)
[^c21580051]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21868021]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)
[^c22731381]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4A)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4A), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220) (as that s. 219(4A) is inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22731391]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(a)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/a)
[^c22732721]: [s. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by Finance Act1993 (c. 34), s. 171(4A) (as inserted by [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4)),
[^c23397881]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) modified (with retrospective effect) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/1/2)
[^c21581151]: Source—1970 s.239
[^c21868001]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 14(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/14/5)
[^c21868371]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 13(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/13/5) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7), [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21885271]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 18(2)(c)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2/c), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(4)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/4)
[^c21581251]: Source—1970 s.233(1); 1980 s.45(2)
[^c21581261]: Source—1970 s.233(2)(a), (b), (c); 1972 Sch.22 1, 2(1)
[^c21581271]: Source—1970 s.233(2)(d)(iii); 1972 Sch.22 3(2)
[^c21581281]: Source—1970 s.233(d), (e); 1970(F) Sch.4 6; 1972 Sch.22 3(1)
[^c21581291]: [S. 209(2)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/vii) and word "or" immediately preceding inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/1/4).
[^c21581301]: Source—1972 Sch.22 3(3)
[^c21581311]: Source—1970 s.233(3); 1972 Sch.22 4(3)
[^c21581321]: Source—1972 Sch.22 4(1), (2)
[^c21581331]: Source—1970 s.233(4)
[^c21581341]: Source—1972 Sch.22 2(2)
[^c21581351]: [S. 209(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/9) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(2)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/2/4).
[^c21868391]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/1)
[^c21868411]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/a)
[^c21868471]: [S. 209(2)(e)(iv)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/iv/v) repealed (with effect in accordance with s. 87(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b), [Sch. 29 Pt. 8(12)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/12), Note
[^c21868431]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b)
[^c21868451]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3)
[^c21891551]: Words in [s. 209(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/ii) substituted (with effect in accordance with [Sch. 38 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/b)
[^c21890701]: [S. 209(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/11) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22735861]: [S. 209(2)(da)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da/e/vii) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c22735751]: Words in [s. 209(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/9)
[^c22735771]: [S. 209(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3B) inserted (with application in accordance with [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1)
[^c22735881]: [S. 209(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3AA) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/1)
[^c23396201]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (12.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2006/3296/regulation/16)
[^c23394941]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/a), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395031]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2)
[^c23395051]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395071]: Words in [s. 209(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23394961]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/b), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581361]: Source—1970 s.234(1), (2)
[^c21581371]: Source—1972 Sch.22 5(2), (3)
[^c21581381]: Source—1970 s.234(3); 1973 s.54
[^c21891571]: Words in [s. 210(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/210/4) substituted (with effect in accordance with [Sch. 38 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/a)
[^c21581391]: Source—1970 s.235(1); 1972 Sch.22 6(1), (3)
[^c21581401]: Source—1972 Sch.22 6(2)
[^c21581411]: Source—1970 s.235 (2)-(5)
[^c23397511]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c23394681]: Words in [s. 209B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209B/4) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/2)
[^c21581431]: Source—1982 s.60(1)-(4)
[^c21581441]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/3/4).
[^c23395091]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395141]: Words in [s. 212(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395131]: [S. 212(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581451]: Source—1980 s.117, Sch.18 1-8, 23
[^c21581461]: 1990 s.89*and* Sch.14 para.3 (*correction of errors*)—*deemed always to have had effect. Previously* “(3)(1)(a)”.
[^c23394721]: Words in [s. 213(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/213/11/a) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/3)
[^c21581471]: Source—1980 Sch.18 14
[^c21581491]: Source—1980 Sch.18 13
[^c22735921]: Words in [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/c) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/3)
[^c23394741]: Words in [s. 214(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/4)
[^c23395571]: Words in [s. 214(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/a) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395591]: [S. 214(1)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/ab) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395611]: [S. 214(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1A/1B) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581501]: Source—1980 Sch.18 17
[^c21581511]: Source—1980 Sch.18 18
[^c23394761]: Words in [s. 215(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/215/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/5)
[^c21581521]: Source—1980 Sch.18 19
[^c21581531]: Source—1980 Sch.18 20
[^c21581561]: Source—1980 Sch.18 23
[^c21581541]: Source—1980 Sch.18 21
[^c21581551]: Source—1980 Sch.18 22
[^c21581571]: Source—1982 s.53(1)-(3); 1986 s.100
[^c21581591]: Source—1982 Sch.9 1, 2
[^c21581601]: Words in [s. 220(2)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(14)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/14) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c23396021]: Words in [s. 220(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [49](https://www.legislation.gov.uk/uksi/2005/3229/regulation/49)
[^c21581621]: Source—1982 Sch.9 3(1)
[^c21581631]: Source—1982 Sch.9 4
[^c21581641]: Source—1982 Sch.9 3(2)-(4)
[^c21581651]: Source—1982 Sch.9 3(5), (6)
[^c21581661]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21581671]: Source—1982 Sch.9 3(7)
[^c21581681]: Source—1982 Sch.9 5(1), (2)
[^c21581691]: Source—1982 Sch.9 6(1), (2)
[^c21581701]: Source—1982 Sch.9 6(3)
[^c21581711]: Source—1982 Sch.9 5(3)-(6)
[^c21581721]: Source—1982 Sch.9 5(7), 6(4)
[^c21581731]: Source—1982 Sch.9 5(8)-(10)
[^c21581741]: Source—1982 Sch.9 7
[^c21581751]: Source—1982 Sch.9 8
[^c21581761]: Source—1982 Sch.9 9
[^c21581771]: Source—1982 Sch.9 10
[^c21581781]: Source—1982 Sch.9 11
[^c21581791]: Source—1982 Sch.9 12
[^c21581801]: Source—1982 Sch.9 14
[^c23396061]: Words in [s. 227(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [50](https://www.legislation.gov.uk/uksi/2005/3229/regulation/50)
[^c23396081]: Words in [s. 227(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/5) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396121]: Words in [s. 227(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/8/a) substituted (6.4.2006) by Finance Act 2004 (c 12), s. 284(1), Sch. 35 para. 7 (with Sch. 36)
[^c23396101]: Words in [s. 227(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/9) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/9/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581811]: Source—1982 Sch.9 15
[^c21581821]: Source—1982 Sch.9 16
[^c23396141]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23396161]: Words in [s. 229(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/229/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 10(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/10/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21581831]: Source—1975 (No.2) Sch.8 6
[^c21581841]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) repealed (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17)
[^c23395631]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581871]: *See* 1989 s.107*and* Sch.12—*close companies.*
[^c21581881]: Source—1972 s.86; 1972 s.110(1)
[^c21581891]: *See*—s.94—*taxation of dealer's receipts on purchase by company of own shares.*[s.423](https://www.legislation.gov.uk/ukpga/1988/1/section/423)*et seq—close company income.*[s.448](https://www.legislation.gov.uk/ukpga/1988/1/section/448)—*overseas life assurance companies.*
[^c21581951]: *Repealed by* 1989 s.187*and* Sch.17 Part IV*but in accordance with* 1989 ss.110*and* 111.
[^c21893561]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/1))
[^c21893581]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(4B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/4B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22732761]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/2/b)
[^c21893641]: [S. 231(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1A) inserted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/3)
[^c22732921]: [S. 231(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/2) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/4), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9) (with savings in [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/90/1) and [S.I. 1998/1871](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 4(1)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/4/1))
[^c22732861]: [S. 231(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/7), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22735731]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(b)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/b)
[^c22734711]: [S. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/76/4)
[^c23396181]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 121(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/121/5), [Sch. 17 para. 18(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/18/2)
[^c23396771]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/694)](https://www.legislation.gov.uk/uksi/2006/694), [regs. 69Z18(5)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z18/5), [69Z19(2)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z19/2) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)
[^c23395651]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23472711]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/6)
[^c23395671]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395231]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395251]: [S. 231(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3/3AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395691]: Words in [s. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21885251]: [S. 234](https://www.legislation.gov.uk/ukpga/1988/1/section/234) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 21(2)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/21/2)
[^c21582181]: Source—1970 s.232(4); 1972 Sch.24 18
[^c21582191]: Words in [s. 234(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/1) substituted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/a/4).
[^c21582201]: [S. 234(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/3/4) repealed (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 32(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/b/4), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII).
[^c21582221]: Source—1972 Sch.21
[^c21582231]: 1989 s.107*and* Sch.12 para.11.*Previously* “paragraph 17 of Schedule 19 for the purposes of that Schedule”.
[^c23397291]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (with modifications) (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2006/964/regulation/70) (as amended (1.9.2009) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [2](https://www.legislation.gov.uk/uksi/2009/2036/regulation/2), [25](https://www.legislation.gov.uk/uksi/2009/2036/regulation/25))
[^c23397311]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (1.9.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034)](https://www.legislation.gov.uk/uksi/2009/2034), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2034/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2009/2034/regulation/21)
[^c23394591]: [S. 234A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) excluded (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 493(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/3) (with [s. 493(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/5), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486891]: [S. 234A(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 2 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21891531]: [S. 234A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/8A) inserted (with application in accordance with [Sch. 37 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/a)
[^c22732981]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) repealed (with effect in accordance with Sch. 4 para. 26(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para 26(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/26/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c23395801]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395171]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) inserted (with effect in accordance with [Sch. 24 para. 1(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/1)
[^c23395721]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395741]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395761]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395781]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395281]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395191]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) inserted (with effect in accordance with [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/2)
[^c23395941]: Words in [s. 231AB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395961]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395981]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396001]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395301]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583561]: *See* Sch.10 para.5—*profit sharing schemes.*
[^c21583571]: Source—1975 (No.2) s.34(1)-(6)
[^c21583581]: *Words repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c23395821]: Words in [s. 249(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/2)
[^c23395361]: [S. 249(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395841]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395421]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395861]: Words in [s. 249(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/9/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583661]: Source—1975 (No.2) Sch.8 7(1)
[^c21583671]: Source—1975 (No.2) Sch.8 7(2)
[^c21583681]: Source—1975 (No.2) Sch.8 7(3)-(6)
[^c21583691]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17) (in relation to accounting periods beginning after 31 March 1989).
[^c23395901]: Words in [s. 250(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/5/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395921]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583751]: Source—1975 (No.2) s.34(8)(a)-(d)
[^c21891881]: [S. 251(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/1/c) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/4/2)
[^c23395441]: [S. 251(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/121), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583831]: Source—1972 s.102; (No.2) s.88(5)-(7)
[^c21583821]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 80(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/80/8)
[^c21885211]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 15(4)(5)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/15/4/5)
[^c21885231]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 20](https://www.legislation.gov.uk/uksi/1995/1979/regulation/20)
[^c22733931]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/10)
[^c21583841]: [S. 252(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/4) power exercised: 30.9.1993 appointed for the purposes of s. 252(2)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21583861]: *See* 1989 s.157(1)*for reckonable date for interest charge under* 1970(M) s.86*where assessment made to recover corporation tax payable as the result of a claim under* s.240*made on or after* 14*March* 1989. (*Ceases to have effect for accounting periods ending after the day appointed for the purposes of* s.86).
[^c22735471]: [S. 252(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/1/a) repealed (with effect in accordance with Sch. 3 para. 21(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 21(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/21/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583871]: Source—1972 s.108
[^c22735491]: [S. 253(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1/b) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/a), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735511]: Words in [s. 253(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/b), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735551]: [S. 253(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/2) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735531]: Words in [s. 253(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/3/a) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583881]: Source—1970 s.237(1), (3), (5); 1972 Sch.22 10(4)
[^c21583911]: Source—1972 Sch.22 10(1)-(3)
[^c21583921]: Source—1970 s.237(1)
[^c21583931]: Source—1972 Sch.22 8
[^c21583941]: Source—1972 Sch.22 9
[^c21583951]: Source—1970 s.237 (2)
[^c21583961]: Source—1970 s.237(4)
[^c21583971]: Source—1970 s.237(6)
[^c21583981]: Source—1970 s.237(7)
[^c21891591]: Words in [s. 254(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/254/11) substituted (with effect in accordance with [Sch. 38 para. 6(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/d)
[^c21890661]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Airports Act 1986 (c. 31)](https://www.legislation.gov.uk/ukpga/1986/31), [s. 77(3)](https://www.legislation.gov.uk/ukpga/1986/31/section/77/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890681]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1986/44/section/60/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890911]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [British Steel Act 1988 (c. 35)](https://www.legislation.gov.uk/ukpga/1988/35), [s. 11(7)](https://www.legislation.gov.uk/ukpga/1988/35/section/11/7) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 55](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/55) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21584011]: Source-1970 s.5; 1971 Sch.4 3; 1975 (No.2) s.31(3); 1976 Sch.4 3(1), 18(1)
[^c21584021]: “287 and 288” *repealed by* 1988(F) Sch.14 Part. VIII*for* 1990-91*and subsequent years. And see* 1970(M) ss.42*and* 43—*procedure on claims and appeals.*
[^c21866331]: [S. 256](https://www.legislation.gov.uk/ukpga/1988/1/section/256) renumbered as s. 256(1) (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/1)
[^c21866351]: [S. 256(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/3) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2)
[^c22732211]: Words in [s. 256(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/a) substituted (1999-2000 and subsequent years of assessment) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/1/a)
[^c22732251]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3) modified (2000-2001) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/4)
[^c22732221]: Words in [s. 256(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3/a) substituted (with effect in accordance with [s. 35(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/a)
[^c22732231]: [S. 256(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3/b) repealed (with effect in accordance with s. 35(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/b), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5), Note 2
[^c22732241]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3): words after para. (c) repealed (with effect in accordance with s. 35(3) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/c), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4), Note
[^c21584101]: [Ss. 257-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257) substituted for s. 257 (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 33](https://www.legislation.gov.uk/ukpga/1988/39/section/33)
[^c21584131]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(3)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/3) (*in* Part III Vol.5)*for* 1990-91.
[^c21584171]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22732341]: [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(3)](https://www.legislation.gov.uk/uksi/1991/732/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(3)](https://www.legislation.gov.uk/uksi/1992/622/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/755/article/2/3)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/3)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(a)(d)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(b)(c)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/b/c)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/a)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/a)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1998/755/article/2/3) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (1999-00) by [S.I. 1998/2704](https://www.legislation.gov.uk/uksi/1998/2704), [art. 2](https://www.legislation.gov.uk/uksi/1998/2704/article/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(c)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/c) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1999-00) by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/1) (in place of [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(a)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/a/b)) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2000-01) by [S.I. 1999/3038](https://www.legislation.gov.uk/uksi/1999/3038), [art. 2](https://www.legislation.gov.uk/uksi/1999/3038/article/2) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/806/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/2) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(2)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/2) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/1) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/1) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/2) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2004-05) by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/1) (in place of [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/b/c)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2005-06) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/9/1) (in place of [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/b/c)) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(2)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/2) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(2)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (2008-09) by [2008 c. 9](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/1/b), [3(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/1) (in place of [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/a)) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(ii)-(iv)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/ii) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2009-10) by [2009 c. 10](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(1)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/1/b) (in place of [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(i)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/i))
[^c22222711]: Words in [s. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/13), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23411951]: [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21584381]: [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1991-92) by [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/2) (in place of [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/a)) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/a)) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1993/755/article/2/4)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1994-95) by [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(a)-(c)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/a) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amount specified (1994-95) [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(d)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/d)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1995-96) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/9) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(4)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(4)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(4)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1998/755/article/2/4) [S. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) amended (1999-00) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/2) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(4)](https://www.legislation.gov.uk/uksi/1999/597/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(4)](https://www.legislation.gov.uk/uksi/2000/806/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(3)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(3)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(3)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(3)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/3) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(4)](https://www.legislation.gov.uk/uksi/2008/673/article/2/4) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(c)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/c)
[^c21584451]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22219311]: [Ss. 257A-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) restricted (with effect as mentioned in s. 77(7) of the restricting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c21866261]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/b)
[^c21866281]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/c)
[^c21584481]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(4)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/4) (*in* Part III Vol.5)*for* 1990-91.
[^c21866311]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/1)
[^c22226371]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (with effect in as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/14/3)
[^c22299371]: [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22293281]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/3/a)
[^c22299141]: Word in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/a)
[^c22299161]: [S. 257A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3/b) and preceding word inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/b)
[^c22299391]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/c), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22732351]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/a)
[^c22299291]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/b)
[^c22299501]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) repealed (with effect as mentioned in s. 31(11), Sch. 20 Pt. 3(3) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/6), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299311]: [S. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) inserted (with effect as mentioned in [s. 31(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/11) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/7) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299331]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/8)
[^c22299351]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) inserted (with effect as mentioned in [s. 31(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(9)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/9)
[^c23398291]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408631]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/a)
[^c23408651]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/b)
[^c23408671]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/a)
[^c23408691]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/b)
[^c23487281]: [S. 257A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3A) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/4)
[^c23411971]: [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21584551]: [S. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c21584561]: 1989 s.33(10).
[^c21584571]: 1989 s.57(4).
[^c21584581]: [S. 257B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/2/e) and ',or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21584591]: [S. 257B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/3) applied (with modifications) for the year of assessment 1990-91 by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219351]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22732541]: [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) applied (2000-01 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5)
[^c21584691]: [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1991-92) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1993-94) by Finance Act [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/10) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1995-96) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1997-98) by [Finance Act 1997 (c.16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1999-00) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2003-04) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 28(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/2), [29(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2004-05) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2005-06) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9](https://www.legislation.gov.uk/ukpga/2005/7/section/9) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2008-09) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/2/b), [3(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/2/b) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2009-10) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/2/b)
[^c21584701]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(3)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/a/8)
[^c21584721]: [S. 257C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(3)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21584731]: *See* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677)*in* Part III Vol.5*for* 1990-91.
[^c21584741]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22732601]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (2002-03 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(3)(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/3/6)
[^c22732551]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) inserted (1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/3/4)
[^c22732631]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (2003-04 and subsequent years of assessment in accordance with [s. 53(7)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/7) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 53(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/4)
[^c22732661]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) modified (2002-03) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/b)
[^c23398351]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23403961]: Words in [s. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 35](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/35) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23411181]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/a)
[^c23411201]: Words in [s. 257C(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/b)
[^c23411221]: Words in [s. 257C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/c)
[^c21585391]: 1988(F) s.35*and* Sch.3 para.8*for* 1990-91*and subsequent years. Previously* “Relief for blind persons.**265.**—(1) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and that one of them was, and the other was not, a registered blind person for the whole or part of the year; or (b) that, not being such a married man, he was a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £540 from his total income. (2) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and (b) that he was a registered blind person for the whole or part of the year and his wife was also a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £1,080 from his total income. (3)*Unless a claimant who is entitled to relief for the year of assessment under section* 264*in respect of the services of a son or daughter relinquishes his claim to that relief, he shall not be allowed relief under this section for that year* (*Repealed by* 1988(F) ss.25(3), 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*). (4) In this section “registered blind person” means a person registered as a blind person in a register compiled under section 29 of the National Assistance Act 1948 or, in the case of a person ordinarily resident in Scotland or in Northern Ireland, a person who is a blind person within the meaning of section 64(1) of that Act.”.*And see* Table E Vol.1*for previous years.*
[^c21585421]: 1989 s.33(10).
[^c21585431]: 1989 s.57(4)
[^c21585441]: [S. 265(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/e) and ' ,or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21585461]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1990-91) by [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1](https://www.legislation.gov.uk/uksi/1993/415/regulation/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219201]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2) [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21585471]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/8/4), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734691]: [S. 265(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/a) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22217551]: Words in [s. 265(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/b) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/10), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c22217771]: [S. 265(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/d) repealed (with effect as mentioned in Sch. 10 para. 3(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/10/paragraph/3/1), [Sch. 26 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/3), Note 1
[^c22225601]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by Finance Act 1996, Sch. 20 para. 19, Sch. 41 Pt. 5(10), Note
[^c22749141]: Words in [s. 265(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5/a) substituted (with effect as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/135/2) of the amending Act) by Finance Act 1996, Sch. 21 para. 6
[^c22749231]: [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(5)](https://www.legislation.gov.uk/uksi/1999/597/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(5)](https://www.legislation.gov.uk/uksi/2000/806/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/638/article/2/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/707/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(4)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(4)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(5)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(5)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 3](https://www.legislation.gov.uk/uksi/2008/673/article/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 3](https://www.legislation.gov.uk/uksi/2008/3024/article/3)
[^c22749151]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (with effect in accordance with [s. 56(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/1)
[^c22749171]: [S. 265(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/2)
[^c22749251]: [S. 265(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/e) and preceding word repealed (with effect in accordance with s. 59(3)(b) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/15), Note; [S.I. 2000/2004](https://www.legislation.gov.uk/uksi/2000/2004), [art. 2](https://www.legislation.gov.uk/uksi/2000/2004/article/2)
[^c23411281]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/2)
[^c23411301]: Words in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/a)
[^c23411321]: Word in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/b)
[^c23411341]: [S. 265(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/4) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/4)
[^c23411361]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/5)
[^c23411381]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/6)
[^c23411981]: Words in [s. 265(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/c) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/8) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585771]: Source-1978 Sch.3 11
[^c21585791]: Source-1978 Sch.3 12; 1981 s.33
[^c21585801]: [1974 c. 52](https://www.legislation.gov.uk/ukpga/1974/52).
[^c22749801]: [S. 266(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/3)
[^c22749821]: [S. 266(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/4)
[^c21585781]: Words in [s. 266(2)(a)(iii)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/iii/6/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21585891]: Source-1975 s.7; 1976 Sch.4 19(1); 1984 s.72(5)
[^c23412061]: Words in [s. 268(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/268/7/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 11](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/11) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21585901]: Source-1975 s.8; 1976 Sch.4 19(2); 1984 s.72(5)
[^c21585911]: Source-1975 s.9(1)-(4); 1976 Sch.4 19(3)
[^c21585921]: Source-1975 Sch.2 16(1), (3); 1976 s.35
[^c22749891]: Words in [s. 271(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/a), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749901]: Words in [s. 271(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/b) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/b), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749911]: Words in [s. 271(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/c) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/c), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749921]: [S. 271(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/2/b) and preceding word repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/2), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c23408131]: Words in [s. 271(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21585931]: Source-1975 Sch.1
[^c21585941]: 1988(F) s.35*and* Sch.3 para.10*for* 1990-91*and subsequent years. Previously* “Payments securing widows' and children's annuities.**273.** Subject to sections 274, 617(3) and 619(6), if the claimant is, under any Act of Parliament or under the terms or conditions of his employment, liable to the payment of any sum, or to the deduction from his salary or stipend of any sum, for the purpose of securing a deferred annuity to his widow or provision for his children after his death, he shall be entitled to a deduction from the amount of income tax with which he is chargeable equal to income tax at the basic rate on the amount of the sum paid by him or deducted from his salary or stipend.”.
[^c23408231]: [S. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) renumbered as s. 273(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408211]: [S. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [59](https://www.legislation.gov.uk/uksi/2005/3229/regulation/59)
[^c23412081]: Words in [s. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/12) (as amended by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 655](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/655), [Sch. 2 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/161) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))) (with Sch. 36)
[^c21585971]: Source-1970 s.21(4); 1975 Sch.2 6; 1980 s.29; 1976 Sch.4 21; 1987 Sch.15 2(5)
[^c21585981]: 1988(F) s.29—*from* 6*April* 1989.*Previously* “15 per cent.”.
[^c22219331]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22181111]: Words in [s. 257BA(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/1/a) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181141]: Words in [s. 257BA(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/1/b) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181171]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/a) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181191]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/b) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181211]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/c) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22300751]: Words in [s. 257BA(1)(a)(2)(a)(3)(a)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a/2/a/3/a/6) substituted (with effect as mentioned in [s. 32(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/a)
[^c22300831]: Words in [s. 257BA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2) repealed (with effect as mentioned in s. 32(4), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/b), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22300811]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (with effect as mentioned in [s. 32(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/c)
[^c23408791]: Words in [s. 257BA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/a)
[^c23409311]: Words in [s. 257BA(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/b/i)
[^c23409971]: Words in [s. 257BA(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/b/ii)
[^c23409991]: Words in [s. 257BA(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/c/i)
[^c23410011]: Words in [s. 257BA(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/c/ii)
[^c23410031]: Words in [s. 257BA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/a)
[^c23410051]: Words in [s. 257BA(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/b/i)
[^c23410071]: Words in [s. 257BA(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/b/ii)
[^c23410091]: Words in [s. 257BA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/c/i)
[^c23410111]: Words in [s. 257BA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/c/ii)
[^c23410131]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/a)
[^c23410151]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/i)
[^c23410181]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/ii)
[^c23410201]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/iii)
[^c23410221]: Words in [s. 257BA(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/c)
[^c23410241]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/a)
[^c23410261]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/b)
[^c23410281]: Words in [s. 257BA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/5) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/6)
[^c23410301]: Words in [s. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(7)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/7/a)
[^c23410321]: Words in [s. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(7)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/7/b)
[^c23410341]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(8)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/8)
[^c22219341]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22181241]: [S. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) and words substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/1)
[^c22181331]: [S. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) and words substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/2)
[^c22181351]: [S. 257BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3A) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/3)
[^c22219501]: [S. 257BB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22181391]: [S. 257BB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/6) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/4), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c22732481]: Words in [s. 257BB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5/a) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/4)
[^c22732501]: Words in [s. 257BB(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b/3/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/8)
[^c22732531]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c23410721]: Words in [s. 257BB(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(a)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/a/i)
[^c23410741]: Words in [s. 257BB(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(a)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/a/ii)
[^c23410781]: Words in [s. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/b/i)
[^c23410801]: Words in [s. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/b/ii)
[^c23410841]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/i)
[^c23410861]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/ii)
[^c23410921]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/iii)
[^c23410941]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(iv)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/iv)
[^c23410961]: Words in [s. 257BB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/3)
[^c23410981]: Words in [s. 257BB(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/a)
[^c23411001]: Words in [s. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/b/i)
[^c23411021]: Words in [s. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/b/ii)
[^c23411061]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/i)
[^c23411081]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/ii)
[^c23411101]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/iii)
[^c23411121]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(iv)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/iv)
[^c23411141]: Words in [s. 257BB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/4) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/5)
[^c23411921]: [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(4)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/4) [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(4)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/4) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(5)](https://www.legislation.gov.uk/uksi/2008/673/article/2/5) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(d)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/d)
[^c23416691]: [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(2)](https://www.legislation.gov.uk/uksi/2008/673/article/2/2) [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(a)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/a)
[^c21586021]: Source-1970 s.25; 1971 s.33(5)
[^c22217671]: [S. 276(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/276/1A) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/11)
[^c21586031]: Source-1970 s.26
[^c22219231]: Words in [s. 277(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/1) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22219241]: [S. 277(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/1/c) and preceding word repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22219261]: [S. 277(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/2) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21586041]: Source-1970 s.27(1), (2)
[^c21586051]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586061]: *See* British Nationality Act 1981 ss.37*and* 51(1)*for definition.*
[^c21586091]: *Repealed by* 1988(F) ss.31, 148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586101]: Source-1976 Sch.4 18(3)
[^c21586121]: Source-1970 s.27(3)-(5)
[^c22225611]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/21), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22753081]: Words in [s. 278(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/a) substituted (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/1)
[^c22753091]: [S. 278(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/9) added (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/2)
[^c22753111]: [S. 278(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2A) repealed (with effect in accordance with Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c23411621]: Words in [s. 278(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/e) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [60(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/60/1)
[^c21586081]: 1988(F) s.31*for* 1990-91*and subsequent years.*
[^c21586261]: 1988(F) s.35*and* Sch.3 para.11*for* 1990-91*and subsequent years. Previously* “Construction of references to married women living with their husbands.**282.**—(1) A married woman shall be treated for income tax purposes as living with her husband unless—(a) they are separated under an order of a court of competent jurisdiction, or by deed of separation, or (b) they are in fact separated in such circumstances that the separation is likely to be permanent (*See* 1988(F) s.40(3)—*application of* s.282(1)*to certain maintenance payments.*). (2) Where a married woman is living with her husband and either—(a) one of them is, and the other is not, resident in the United Kingdom for a year of assessment, or (b) both of them are resident in the United Kingdom for a year of assessment, but one of them is, and the other is not, absent from the United Kingdom throughout that year, the same consequences shall follow for income tax purposes as would have followed if, throughout that year of assessment, they had been in fact separated in such circumstances that the separation was likely to be permanent. (3) Where subsection (2) above applies and the net aggregate amount of income tax falling to be borne by the husband and the wife for the year is greater than it would have been but for that subsection, the Board shall cause such relief to be given (by the reduction of such assessments on the husband or the wife or the repayment of such tax paid, by deduction or otherwise, by the husband or the wife, as the Board may direct) as will reduce that net aggregate amount by the amount of the excess.”.
[^c21586271]: *See* 1979(C) s.155(2)—*capital gains*—*references to a married woman living with her husband to be construed in accordance with* s.282.
[^c21586281]: [S. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 288(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c23411641]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/a)
[^c23408311]: Words in [s. 282A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411741]: [S. 282A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4A) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/91/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/91/2)
[^c23411681]: Words in [s. 282A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/2)
[^c23411701]: Words in [s. 282A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/3)
[^c23411721]: Words in [s. 282A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/3/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/4)
[^c23411761]: Words in [s. 282A(4A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4A/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/5)
[^c23411781]: Words in [s. 282A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/6)
[^c23411801]: Words in [s. 282A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(7)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/7)
[^c23411821]: Words in [s. 282B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/2)
[^c23411841]: Words in [s. 282B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/3)
[^c23411861]: Words in [s. 282B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/4)
[^c22753501]: [S. 289](https://www.legislation.gov.uk/ukpga/1988/1/section/289) amended (as it has effect in relation to shares issued before 1st January 1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/68/1/2)
[^c22753121]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753511]: [S. 289(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/ba) inserted (with effect in accordance with [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/2/1)
[^c22753541]: [S. 289(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aa) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/1/b)
[^c22753591]: Word in [s. 289(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/6) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/3)
[^c22753601]: Word in [s. 289(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/7) repealed (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14), Note 4
[^c22753671]: Words in [s. 289(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/7) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/1)
[^c22753821]: Word at the end of s. 289(1)(ba) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753831]: [S. 289(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/c/d) substituted for s. 289(1)(c) (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 6(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/6/a)
[^c22753741]: Word at the end of s. 289(2)(a) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(b)(i)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/b/i)
[^c22753781]: Word preceding s. 289(2)(c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753761]: [S. 289(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(b)(ii)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/b/ii), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753851]: Words in [s. 289(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 6(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/6/b)
[^c22753791]: [S. 289(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/4/5) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/c), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c23404811]: Words in [s. 289(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23405701]: [S. 289(1)(aza)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aza) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/b)
[^c23405721]: Words in [s. 289(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aa) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/c)
[^c23405751]: Words in [s. 289(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/d)
[^c23405781]: [S. 289(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/c) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/e)
[^c23405811]: [S. 289(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1A) substituted for s. 289(1A)-(1D) (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para 1(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/3)
[^c23405831]: Words in [s. 289(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/a)
[^c23405851]: Words in [s. 289(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/i) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/b)
[^c23405871]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/i)
[^c23405891]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/ii)
[^c23405911]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/iii)
[^c23405931]: Words in [s. 289(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/d)
[^c23405951]: Words in [s. 289(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/i)
[^c23406061]: Words in [s. 289(2)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b/i) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/ii)
[^c23406101]: Words in [s. 289(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/iii)
[^c23406121]: Words in [s. 289(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/5)
[^c23406141]: [S. 289(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/6)
[^c23406161]: [S. 289(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/8A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/7)
[^c23406181]: [S. 289(9)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/9) substituted for s. 289(9) (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/8)
[^c21587471]: Source-1983 Sch.5 3; 1987 s.42(3)
[^c21587481]: *See* 1988(F) s.35*and* Sch.3 para.12(3)(b)*for application to husband and wife where amounts are subscribed in* 1990-91.
[^c22217801]: [S. 290(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/290/2) substituted (with effect as mentioned in s. 137(2), [Sch. 15 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/3/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/3/1)
[^c23412161]: Words in [s. 290(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/290/2) substituted (with effect in accordance with [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/6/1)
[^c22754191]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22777181]: Words in [s. 291(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/2) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/2), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22777191]: [S. 291(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/3) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/3)
[^c22777211]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/4)
[^c22777251]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 2(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/2/b)
[^c22777271]: [S. 291(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/1/b) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/10)
[^c22777291]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c21587661]: [S.292](https://www.legislation.gov.uk/ukpga/1988/1/section/292)*omitted by* 1988(F) Sch.4 para.5*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587671]: Source-1983 Sch.5 10A; 1986 Sch.9 12
[^c22211401]: Words in [s. 292(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 6(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/6/a)
[^c22211421]: Words in [s. 292(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/4/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 6(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/6/b)
[^c22211441]: [S. 292(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/5) inserted (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 66(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/2)
[^c21587721]: [S.293(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4)*omitted by* 1988(F) Sch.4 para.6(2)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587741]: *See* Insolvency (Northern Ireland) Order 1989 art.381(2)*and* Sch.9 para.59 (S.I.[1989 No.2405](https://www.legislation.gov.uk/ukcm/1989/2405)—*not reproduced*)*for change from a day to be appointed.*
[^c21587751]: Source-1983 Sch.5(4)-(7)
[^c21587761]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21587771]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21587781]: Subss.(9)-(11)*omitted by* 1988(F) Sch.4 para.6(2)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c22245341]: [S. 293](https://www.legislation.gov.uk/ukpga/1988/1/section/293) applied (with effect in accordance with Sch. 13 para. 4(4) of the 1995 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/3/2/c) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3))
[^c22205231]: [S. 293(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 4(7)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/4/7/a)
[^c22205301]: [S. 293(4)(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4/9) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 7(b)(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/7/b/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205271]: [S. 293(8)(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8/8A) substituted for s. 293(8) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 4(7)(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/4/7/d)
[^c22246131]: [S. 292(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/8B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 66(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/3)
[^c22247311]: [S. 293(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/2/aa) substituted for s. 293(2)(b) (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/4/1)
[^c22247391]: [S. 293(3A)-(3F)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3A) inserted (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/4/2)
[^c22784391]: Words in [s. 293(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3C) subsituted for specified purposes (retrospectively) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 14](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/14)
[^c22247411]: Words in [s. 293(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3/b) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/1)
[^c22247471]: Words in [s. 293(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/a) repealed (with effect as mentioned in Sch. 13 para. 9(6), Sch. 27 Pt. 3(14) Note 1 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/2), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22247431]: [S. 293(6A)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6A) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/3)
[^c22247481]: [S. 293(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/7) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784261]: [S. 293(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8) excluded (with effect as mentioned in s. 74(3) of the 1998 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 8(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/8/7) (as inserted by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/34))
[^c22784271]: [S. 293(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/1)
[^c22784291]: [S. 293(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/b) and preceding word repealed (with effect in accordance with Sch. 17 para. 12 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/10), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 1
[^c22784311]: [S. 293(8)(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8/8AA) substituted for s. 293(8) (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/11)
[^c22784351]: [S. 293(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/1A/1B) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 12(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/12/1)
[^c22784371]: Words in [s. 293(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/2) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 12(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/12/2), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22784411]: Words in [s. 293(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3B/b) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/4), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c23404501]: Words in [s. 293(4B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4B/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 17](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/17) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23406501]: Words in [s. 293(3C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3C/b) substituted (with effect in accordance with [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/2) (with [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/6))
[^c23406521]: Words in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406541]: Word in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/b)
[^c23406561]: Words in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/c)
[^c23406581]: Word in [s. 293(4B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4B/b) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/3)
[^c23406601]: Words in [s. 293(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/5) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/4/a)
[^c23406621]: Words in [s. 293(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/5) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/4/b)
[^c23406641]: Words in [s. 293(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/5/a)
[^c23406661]: Words in [s. 293(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/5/b)
[^c23406681]: [S. 293(6ZA)-(6ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6ZA) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/6)
[^c23413521]: Words in [s. 293(6A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6A/a) substituted (with effect in accordance with [Sch. 14 para. 1(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 1(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/1/1/a)
[^c23413781]: Words in [s. 293(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6A/b) substituted (with effect in accordance with [Sch. 14 para. 1(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/1/1/b)
[^c21587831]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para. 70*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587841]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), (7)
[^c21587851]: 1988(F) s.52*in respect of valuations falling to be made on or after* 29*July* 1988.
[^c22217821]: Words in [s. 294(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/294/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/8)
[^c21587861]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587871]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), 7
[^c21587881]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587891]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), 7
[^c22217841]: [S. 296(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/296/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 9](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/9), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21587901]: [Ss.297-298](https://www.legislation.gov.uk/ukpga/1988/1/section/297)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587911]: Source-1983 Sch.5 6(1)
[^c21587921]: Source-1983 Sch.5 6(2); 1986 Sch.9 8(2)
[^c21587951]: Source-1983 Sch.5 6(4); 1986 Sch.9 8(4); 1981 s.56(3), Sch.11
[^c21587981]: Source-1983 Sch.5 6(2B), (2C); 1984 s.37(2); 1986 Sch.9 8(3)
[^c21587991]: Source-1983 Sch.5 6(3)
[^c21868831]: Words in [s. 297(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/i)
[^c21868871]: Words in [s. 297(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/g) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/ii)
[^c21868811]: [S. 297(2)(h)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/h/j) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/iii), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22557361]: Words in [s. 297(3)(c)(i)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/3/c/i/6) substituted (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/5)
[^c22557561]: Words in [s. 297(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/1) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/10), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22557391]: [S. 297(2)(fa)-(fe)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/fa) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/1)
[^c22557501]: Word in [s. 297(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/g) substituted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/2)
[^c22557481]: [S. 297(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/3A) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/3)
[^c22557751]: [S. 297(4)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/4) substituted for s. 297(4)(5) (with effect as mentioned in [Sch. 17 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/13/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/13/1)
[^c22557791]: [S. 297(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/d) repealed (with effect as mentioned in Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 5(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/5/a), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22557801]: [S. 297(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/9) repealed (with effect as mentioned in Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 5(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/5/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22784421]: Words in [s. 297(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/5B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22784431]: Words in [s. 297(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/5B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23406701]: Words in [s. 297(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/6) substituted (with effect in accordance with [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/3) (with [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/6))
[^c21588011]: [Ss.297-298](https://www.legislation.gov.uk/ukpga/1988/1/section/297)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21588021]: Source-1981 s.56(8)-(10); 1983 Sch.5 5(9), 6(2), (3), 6(5)-(7); 1986 Sch.9 1(2), 8(4)
[^c21588041]: Source-1983 Sch.5 6(2B), (10); 1984 s.37(2); 1985 s.44(5); 1986 Sch.9 4
[^c22205351]: [S. 298(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/4) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/a)
[^c22205391]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "property development" repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/b), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205371]: Words in [s. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/c)
[^c22205401]: [S. 298(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22557981]: Words in [s. 298(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/1) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/11)
[^c22557831]: Words in [s. 298(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/2) (with [s. 70(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/4))
[^c22557921]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "nursing home" inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/1)
[^c22557941]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definitions of "property development" and "residential care home" inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/2)
[^c22557961]: [S. 298(5A)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5A) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/3)
[^c23406721]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 4(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 1 (with Sch. 27 para. 4(6))
[^c21588151]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 150(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/150/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22219061]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/12)
[^c22784451]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) (as it has effect in relation to shares issued before 1st January 1994) amended (with effect as mentioned in [Sch. 13 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/39/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 39(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/39/1/2); and s. 299 (as it applies to shares issued before 1st January 1994) further amended (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the further amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c22267681]: Words in [s. 299(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/1) substituted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/1/a)
[^c22267701]: Words in [s. 299(1)(a)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/1/a/b/ii) substituted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/1/b)
[^c22267741]: Words in [s. 299(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/2/a)
[^c22267761]: Words in [s. 299(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/2/b)
[^c22267791]: Word in [s. 299(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/4) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/3/a)
[^c22267821]: Words in [s. 299(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/4) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/3/b)
[^c22267851]: [S. 299(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/5A) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/4)
[^c22267871]: [S. 299(6)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6) substituted for s. 299(6) (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/5)
[^c22267891]: [S. 299(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/7) repealed (with effect as mentioned in s. 74(3), Sch. 13 para. 12(8), Sch. 27 Pt. 3(14) Note 2 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/6), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22267911]: [S. 299(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/8/a) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/6), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784491]: Words in [s. 299(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6D) (as s.299 applies to shares issued after 31.12.1993) substituted (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c22784511]: Words in [s. 299(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6D) (as s.299 applies to shares issued after 31.12.1993) substituted (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c21588261]: Source-1983 Sch.5 8(2); 1981 s.58(2)-(4); 1986 Sch.9 10(3)
[^c21588271]: Source-1983 Sch.5 8(3); 1983 (No.2) Sch.1 5
[^c22194741]: [S. 300(1)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted for s. 300(1) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/a)
[^c22194761]: Words in [s. 300(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/c) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(b)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/b/i)
[^c22194781]: Words in [s. 300(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/h) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(b)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/b/ii)
[^c22301341]: [S. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/1)
[^c22301361]: [S. 300(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1C) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/2)
[^c22301381]: [S. 300(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/6) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 13(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/3)
[^c22784831]: Words in [s. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/1)
[^c22784851]: Words in [s. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/2)
[^c22784871]: [S. 300(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/3)
[^c22784891]: [S. 300(1BA)-(1BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1BA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/4)
[^c22784911]: Words in [s. 300(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1C) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/5)
[^c22784931]: Words in [s. 300(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/4/a/5) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/6)
[^c23406741]: [S. 300(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/b) substituted (with effect in accordance with [Sch. 18 para. 6(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/6/2/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/6/1)
[^c21588301]: Source-1981 s.58(6)-(9); 1983 Sch.5 8(2); 1986 Sch.9 10(3); 1987 Sch.15 14(2)
[^c22205451]: [S. 301(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/1/2) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/a), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205431]: [S. 301(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/6A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/b)
[^c22205471]: [S. 301(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/7) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/c), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301401]: [S. 301(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/4A) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 14(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/1)
[^c22301421]: Words in [s. 301(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/5) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 14(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/2)
[^c22784961]: Words in [s. 301(4A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/4A/5) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/17)
[^c21588321]: Source-1983 Sch.5 9; 1983 (No.2) Sch.1 6
[^c21588361]: *See* 1988(F) s.50*and* Sch.4 para.9(3)*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c21588371]: *Definition of* “trade” *omitted by* 1988(F) Sch.4 para.9(4)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c22194701]: [S. 302(01)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/01) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/a)
[^c21588341]: *See* 1988(F) s.50*and* Sch.4 para.9(1), (2)*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c22194621]: Words in [s. 302(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/3) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/b)
[^c22194641]: [S. 302(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/4A/4B) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/c)
[^c22194661]: [S. 302(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/5): definition of "subsidiary" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(d)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/d/i)
[^c22194681]: Words in [s. 302(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/5) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(d)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/d/ii)
[^c21588411]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21588421]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032)
[^c21871481]: [S. 303(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/6A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/c)
[^c21871521]: [S. 303(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/8) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21871501]: [S. 303(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A/9B) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/e)
[^c21871531]: [S. 303(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/10/11) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(f)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/f), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301441]: [S. 303(1)(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1/1A)(2) substituted for s. 303(1)-(2) (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/15/1)
[^c22301481]: [S. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) substituted) (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/15/3)
[^c22785491]: [S. 303(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1AA) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/2/a)
[^c22785521]: [S. 303(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B/c) and preceding word inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/2/b)
[^c22301541]: Words in [s. 303(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/2) substituted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/5/3)
[^c22301561]: [S. 300(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2A) inserted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 64](https://www.legislation.gov.uk/ukpga/2000/17/section/64), [Sch. 17 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/5/4)
[^c22785541]: Words in [s. 303(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/1)
[^c22785561]: Words in [s. 303(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1AA) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/2)
[^c22785581]: Words in [s. 303(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B/c) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/3/a)
[^c22785601]: Words in [s. 303(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/3/b)
[^c22785621]: Word in [s. 303(1C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1C/a) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/4)
[^c22785641]: [S. 303(2A)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/2A/b/c) substituted for s. 303(2A)(b) (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/5)
[^c22785681]: [S. 303(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/3) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/6), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c22785661]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(7)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/7)
[^c22785751]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c23406761]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) substituted (with effect in accordance with [Sch. 18 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/7/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/7/1)
[^c22218981]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/18)
[^c22785821]: [S. 304(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/304/4) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/16/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/16/1); and see also the s. 304(7) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/40/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [40(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/40/1)
[^c23411941]: Words in [s. 304(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/304/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/b); and that same substitution of words is made in s. 304(5) (as s. 304 applies to shares issued on or before 31.12.1993) (5.12.2005) by reg. 65(a) of that amending S.I.
[^c22219001]: [S. 305](https://www.legislation.gov.uk/ukpga/1988/1/section/305) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 19](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/19)
[^c22785841]: [S. 305(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/305/5/6) inserted (with effect in accordance with ss. 66(1), 68(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 66(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/4), [68(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/68/3)
[^c21588581]: Source-1983 Sch.5 13(1)-(9); 1981 s.61(6)
[^c21588601]: *See* 1988(F) s.50*and* Sch.4 para.10*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c21588621]: 1989 s.170(3)*in relation to things done or omitted on or after* 27*July* 1989.*Previously* “£250 or, in the case of fraud, £500.”.
[^c21588631]: Source-1983 Sch.5 13(10); 1986 Sch.9 1(2), 13
[^c22786741]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22219511]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21871621]: [S. 306(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/b)
[^c21871641]: Words in [s. 306(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/8) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/c)
[^c21871691]: Words in [s. 306(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/10) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21871671]: [S. 306(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/11) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/e)
[^c22786751]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) substituted (with effect in as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/7)
[^c22300841]: Words in [s. 306(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/2) substituted (with effect in as mentioned in [s. 134(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/22)
[^c22300951]: [S. 306](https://www.legislation.gov.uk/ukpga/1988/1/section/306) applied (with effect as mentioned in s. 74(3) of the 1998 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 6](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/6) (as substituted by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 33](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/33))
[^c22300861]: Words in [s. 306(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/1)
[^c22300881]: Words in [s. 306(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/2) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/2)
[^c22300901]: [S. 306(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/3)
[^c22300941]: Words in [s. 306(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3A) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22300921]: [S. 306(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/4/5) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/5)
[^c22786761]: [S. 306(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/a) substituted (with effect in accordance with [Sch. 15 para. 22(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/22/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 22(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/22/1)
[^c23404061]: Words in [s. 306(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/7) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 37](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/37) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21588711]: Source-1983 Sch.5 14(1), (1A); 1987 s.42(5)
[^c21588731]: 1989 s.149(4)(b)*but does not affect the making of assessments for years before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “fraud and wilful default) and section 37 of that Act (neglect.”.
[^c21588741]: Source-1981 s.62(6)(d); 1983 Sch.5 14(2)
[^c21588751]: Source-1981 s.62(6)(a)-(c); 1983 Sch.5 14(2); 1983 Sch.1 8; 1986 Sch.9 14
[^c21588761]: [S. 307(6)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/ca) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/3/4)
[^c21588771]: Source-1981 s.62(7)
[^c21588781]: Source-1983 Sch.5 5A(10); 1986 Sch.9 7
[^c22181841]: Words in [s. 307(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/a), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22181741]: [S. 307(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A/1B/2) substituted for s. 307(2) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/b)
[^c22181761]: Words in [s. 307(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/i)
[^c22181781]: [S. 307(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/aa) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/ii)
[^c22181801]: [S. 307(6)(cca)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/cca) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/iii)
[^c22181821]: [S. 307(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/8A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/d)
[^c22184531]: [S. 307(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/9) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22300961]: Words in [s. 307(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6) substituted (with effect as mentioned in [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/5)
[^c22301001]: Words in [s. 307(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/1/b)
[^c22301021]: [S. 307(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1C) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/2)
[^c22301101]: Words in [s. 307(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/4) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/3)
[^c22786781]: Words in [s. 307(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a) inserted (with effect as mentioned in [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/2)
[^c22301121]: Words in [s. 307(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/b) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/4)
[^c22301181]: Words in [s. 307(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A) substituted (with effect as mentioned in [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 7(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/7/a)
[^c22301201]: Words in [s. 307(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/aa) substituted (with effect as mentioned in [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 7(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/7/b)
[^c23404081]: Words in [s. 307(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a/i) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 38](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/38) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408371]: Words in [s. 307(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21588791]: Source-1983 Sch.5 17(1)-(10); 1986 Sch.9 18; 1987 Sch.15 15(2)
[^c22219021]: [S. 308(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 23(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/23/a)
[^c22219041]: [S. 308(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 23(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/23/b), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301221]: [S. 308(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/1/b) and preceding word repealed (with effect as mentioned in Sch. 8 para. 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 6(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/6/a), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6), Note
[^c23406881]: Words in [s. 308(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/1) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406901]: [S. 308(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407041]: [S. 308(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/ca) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/ii)
[^c23407061]: Words in [s. 308(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/e) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/iii)
[^c23407081]: Words in [s. 308(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/c)
[^c23406941]: Words in [s. 308(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/d/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407101]: Words in [s. 308(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/d/ii)
[^c23406981]: [S. 308(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/b) and preceding word repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/e), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407121]: [S. 308(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(f)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/f)
[^c23407141]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/i)
[^c23406991]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(ii)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/ii/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407161]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/iv)
[^c23407181]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/v)
[^c23407021]: [S. 308(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(h)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/h), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407201]: [S. 308(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5B) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/i)
[^c21588931]: Source-1983 Sch.5 15(1), (2)
[^c21588951]: Source-1983 Sch.5 15A(1); 1986 Sch.9 15
[^c21588961]: Source-1983 Sch.5 15(3), 15A(2); 1986 Sch.9 15
[^c21588971]: Source-1983 Sch.5 15(4), (5), 18(4); 1986 Sch.9 19(2)
[^c21588981]: Source-1981 s.63(7)-(9); 1983 Sch.5 15(6)
[^c22787451]: [S. 310(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/10/11) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 25(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/25/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22787461]: Words in [s. 310(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/1) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/1)
[^c22787481]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/2/a)
[^c22787541]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) repealed (with effect in accordance with s. 74(3), Sch. 13 para. 22(5), Sch. 27 Pt. 14 Note 1 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/2/b), [Sch. 27 Pt. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/14)
[^c22787561]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/3)
[^c22787581]: [S. 310(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6) substituted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/4)
[^c22787501]: Words in [s. 310(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/7) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/3)
[^c22787521]: [S. 310(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/9A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/4)
[^c22787601]: Words in [s. 310(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/1) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/1)
[^c22787701]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 8](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/8)
[^c22787621]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/2)
[^c22787641]: [S. 310(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2A) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/3)
[^c22787661]: Word in [s. 310(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/4) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/4)
[^c22787681]: [S. 310(4)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/4/b/c) and words substituted for words in s. 310(4) (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/4)
[^c23488331]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 25(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/25/c)
[^c23407251]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/i)
[^c23407271]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/ii)
[^c23407291]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/iii)
[^c23407311]: Words in [s. 310(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/a) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/i)
[^c23407331]: [S. 310(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/aa) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/ii)
[^c23407371]: Words in [s. 310(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/c) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/iii)
[^c23407351]: [S. 310(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6A) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/c)
[^c21589011]: Source-1983 Sch.5 19(1)
[^c21589021]: Source-1983 Sch.5 19A; 1986 Sch.9 20
[^c21589031]: 1988(F) s.53*in respect of funds closing after* 15*March* 1988.
[^c22219271]: Words in [s. 311(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/2) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 26(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/26/a)
[^c22219291]: Words in [s. 311(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/2B) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 26(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/26/b)
[^c22787781]: Words in [s. 311(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/4) substituted (with effect in accordance with [s. 134(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/23)
[^c21589141]: Source-1981 s.67; 1983 Sch.5 20(1), (2); 1985 s.44(6); 1986 Sch.9 21(1), (2)
[^c21589151]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21589201]: Source-1981 s.67(2)-(4); 1983 Sch.5 20(1)
[^c21589211]: Words in [s. 312(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/3/5/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(18)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/18) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22184741]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/i)
[^c22184791]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "eligible for relief" and "eligible shares" inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/ii)
[^c22194591]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "fixed-rate preference share capital" and "the relevant period" repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(iii)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/iii/iv), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22194441]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "relief", "subsidiary" and "51 per cent. subsidiary" substituted for "the relief" and "relief" (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(v)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/v)
[^c22194461]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "unquoted company" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(vi)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/vi)
[^c22194481]: [S. 312(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/b)
[^c22194521]: [S. 312(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/4/5) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/d)
[^c22299681]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "new consideration" repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/1/a), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22299571]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "relief", "research and development" and "the seven year period" substituted for definitions of "research and development" and "relief" (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/1/b)
[^c22299701]: Words in [s. 312(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1B/c) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/3), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22299591]: Words in [s. 312(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/4)
[^c22299631]: [S. 312(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/4A/4B) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/5)
[^c22300451]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "arrangements" inserted (with effect as mentioned in [Sch. 17 para. 14(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 14(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/1/a)
[^c22300471]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" inserted (with effect as mentioned in [Sch. 17 para. 14(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 14(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/1/b)
[^c22299711]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the designated period" inserted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/2)
[^c22788461]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "research and development" substituted (with effect as mentioned in [Sch. 17 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/15/1) (with [Sch. 15 para. 15(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/15/3))
[^c22300531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the seven year period" repealed (with effect as mentioned in Sch. 17 para. 8 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 4
[^c22299731]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "termination date" substituted for word (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/3)
[^c22299751]: [S. 312(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1A) substituted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/4)
[^c22300431]: [S. 312(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A) inserted (with effect as mentioned in [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/4)
[^c22300511]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22300521]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c22788551]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22788531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the period of restriction" inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/24)
[^c22788491]: Words in [s. 312(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1E) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 13(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/13/a)
[^c22788511]: Words in [s. 312(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1E) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 13(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/13/b)
[^c22788671]: [S. 312(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/7/8) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22788681]: Words in [s. 312(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/3) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/3)
[^c23404521]: [S. 312(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 18](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/18) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23407391]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "bonus shares" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/a)
[^c23407411]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/b)
[^c23407451]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "qualifying 90% subsidiary" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/c)
[^c23407471]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (a) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/i)
[^c23407491]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (a) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/ii)
[^c23407511]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (b) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/iii)
[^c23407531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/iv)
[^c23407551]: [S. 312(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1ZA) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/3)
[^c23407571]: [S. 312(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 11(10)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/11/10) (as inserted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(4)(f)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/4/f))
[^c22219111]: Words in [s. 299A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/299A/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 13(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/13/a)
[^c22219131]: [S. 299A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299A/3) Inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 13(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/13/b)
[^c22754231]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) applied (with effect in accordance with Sch. 13 para. 4(4) of the 1995 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 6(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/6/4) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3))
[^c22753891]: [S. 289A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A) inserted (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/3)
[^c22753911]: Word after s. 289A(7)(a) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 3(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/3/a)
[^c22753951]: Word preceding s. 289A(7)(c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753931]: [S. 289A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 3(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/3/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753961]: [S. 289A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/9) repealed (with effect in accordance with Sch. 15 para. 9(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 9(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/9/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 1
[^c23398011]: [S. 289A(5)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/5/ca) inserted (with effect in accordance with [s. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/4/b) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/2); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23404481]: Words in [s. 289A(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 16](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/16) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23406201]: Words in [s. 289A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/6) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/2)
[^c23406221]: Words in [s. 289A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/a/i)
[^c23406241]: Words in [s. 289A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/a/ii)
[^c23406261]: Words in [s. 289A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/b/i)
[^c23406281]: Words in [s. 289A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/b/ii)
[^c23406301]: [S. 289A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/a)
[^c23406321]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406341]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/ii)
[^c23406361]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/iii)
[^c23406381]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/iv)
[^c23406401]: Words in [s. 289A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/c)
[^c23406421]: Words in [s. 289A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/5/a)
[^c23406441]: Word in [s. 289A(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A/b) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/5/b)
[^c23412181]: Words in [s. 289A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/4) substituted (with effect in accordance with [Sch. 14 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/5/1)
[^c22753971]: Words in [s. 289B(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/3/b) substituted (with effect in accordance with [Sch. 13 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/1)
[^c22753991]: [S. 289B(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/3A) inserted (with effect in accordance with [Sch. 13 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/2)
[^c22754011]: [S. 289B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/4) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/3)
[^c22754031]: Words in [s. 289B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/5) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/4)
[^c23488201]: Words in [s. 289B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/4) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/3)
[^c22784061]: [S. 291A(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/b/ii) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/7/2/a)
[^c22784081]: Words in [s. 291A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/7/2/b), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784161]: Word in [s. 291A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/c) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/3/3/a)
[^c22784121]: [S. 291A(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/c/ii) and preceding word inserted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/3/3/b)
[^c22784201]: Words in [s. 291A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/1/a) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/11)
[^c23408331]: Words in [s. 291A(3)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/3/f/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 126(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/126/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408351]: Words in [s. 291A(3)(f)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/3/f/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 126(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/126/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784221]: [S. 291B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/291B/5A) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 8(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/8/1)
[^c22784241]: [S. 291B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291B/6) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/8/2)
[^c22785861]: Words in [s. 305A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/305A/2) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/18/1)
[^c22784821]: [S. 299B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/299B/7) repealed (with effect in accordance with Sch. 17 para. 14(2)(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 3
[^c22785761]: [S. 303A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/2) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/a)
[^c22785801]: [S. 303A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/8) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c22785781]: Words in [s. 303A(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/9/a) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/c)
[^c23406781]: [S. 303A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/6/a) repealed (with effect in accordance with Sch. 18 para. 8(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 8(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/8/1), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 1
[^c21589401]: Source-1970 s.372
[^c21589411]: [1964 c. 81](https://www.legislation.gov.uk/ukpga/1964/81).
[^c21589421]: *The countries mentioned in the* British Nationality Act 1981 Sch.3 (*as amended*)*are*—*Countries whose citizens are Commonwealth citizens*Antigua and Barbuda, Australia, The Bahamas, Bangladesh, Barbados, Belize, Botswana, Brunei, Canada, Republic of Cyprus, Dominica, Fiji, The Gambia, Ghana, Grenada, Guyana, India, Jamaica, Kenya, Kiribati, Lesotho, Malawi, Malaysia, Maldives, Malta, Mauritius, Nauru, New Zealand, Nigeria, Papua New Guinea, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Seychelles, Sierra Leone, Singapore, Solomon Islands, Sri Lanka, Swaziland, Tanzania, Tonga, Trinidad and Tobago, Tuvalu, Uganda, Vanuatu, Western Samoa, Zambia, Zimbabwe.
[^c21589431]: [1981 c. 81](https://www.legislation.gov.uk/ukpga/1981/81).
[^c21589491]: Source-1970 s.367
[^c21589511]: [1952 c. 67](https://www.legislation.gov.uk/ukpga/1952/67).
[^c21589531]: *For orders see* Part III Vol.5*under* “Securities”.
[^c23398281]: [S. 323(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404161]: Words in [s. 323(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404181]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404201]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404221]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404241]: Words in [s. 323(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398161]: [S. 323(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/6/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/6), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398171]: [S. 323(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/7) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(7)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/7), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408071]: Words in [s. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 140](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/140), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22790971]: [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58).
[^c23407711]: [S. 333B(1)(5)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/5) modified (6.4.2005) by [Child Trust Funds Act 2004 (c. 6)](https://www.legislation.gov.uk/ukpga/2004/6), [ss. 14](https://www.legislation.gov.uk/ukpga/2004/6/section/14), [27](https://www.legislation.gov.uk/ukpga/2004/6/section/27); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2](https://www.legislation.gov.uk/uksi/2004/3369/article/2)
[^c22791261]: Words in [s. 333B(1)(2)(b)(3)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/2/b/3/9) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/a)
[^c22791241]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "insurance company" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 22](https://www.legislation.gov.uk/uksi/2001/3629/article/22)
[^c23408441]: Words in [s. 333B(1)(2)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/2/b/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408481]: Words in [s. 333B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408501]: Words in [s. 333B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408521]: Words in [s. 333B(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/5/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408551]: Words in [s. 333B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408571]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "plan business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408111]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "section 333 business" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21590051]: Source-1970 s.50
[^c21590081]: Source-1970 s.51
[^c21590091]: *See* 1979(C) s.18(3)—*corresponding provision for capital gains.*
[^c21590101]: [S. 336(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/3) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 208(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/208/1/4)
[^c23404331]: Words in [s. 336(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/48/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404351]: [S. 336(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 48(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/48/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407591]: Words in [s. 336(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/17/paragraph/10/2)
[^c23408591]: [S. 336(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 144](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/144) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23412101]: Words in [s. 336(1A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/i) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 13(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/13/a) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412121]: [S. 336(1A)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/ia) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 13(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/13/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23412141]: [S. 336(1A)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/iii) and preceding word repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 13(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/13/c), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23414121]: Words in [s. 336(1A)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/ia) omitted (11.8.2006) by virtue of [The Taxation of Pension Schemes (Consequential Amendments) (No. 2) Order 2006 (S.I. 2006/1963)](https://www.legislation.gov.uk/uksi/2006/1963), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1963/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2006/1963/article/4/2)
[^c23414141]: Words in [s. 336(1A)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/b/ia) inserted (11.8.2006) by [The Taxation of Pension Schemes (Consequential Amendments) (No. 2) Order 2006 (S.I. 2006/1963)](https://www.legislation.gov.uk/uksi/2006/1963), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1963/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2006/1963/article/4/2)
[^c21590871]: Source-1986 s.29(1), (2)
[^c21590921]: 1990 s.26(4)*in relation to payments made on or after* 1*October* 1990.
[^c21590941]: *Repealed by* 1990 ss.27(2)*and* 132*and* Sch.19 Part IV*in relation to accounting periods ending on or after* 1*October* 1990.
[^c21590971]: 1990 s.26(5)*in relation to payments made on or after* 1*October* 1990.
[^c21590991]: *See* 1990 s.94*re production of books etc. in respect of repayment claims in respect of payments made on or after* 1*October* 1990.
[^c21591001]: Source-1981 s.49; 1983 s.46(3); 1986 s.29(6)
[^c21591011]: 1989 s.60(2)*in respect of payments due on or after* 14*March* 1989.*Previously* “the Trustees of the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission for England and, additionally, in subsections (1) to (5) above includes the Trustees of the British Museum, the Trustees of the British Museum (Natural History) and”.
[^c22736831]: [S. 337(7AA)-(7AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/7AA) inserted (with effect in accordance with [s. 64(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/1)
[^c22737041]: [S. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/2)
[^c22737061]: [S. 339(2)(3)(3A)(3F)(6)(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/2/3/3A/3F/6/7/8) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/3), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c22737161]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/4)
[^c22737181]: [S. 339(3DA)-(3DD)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA) inserted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/5)
[^c22737221]: [S. 339(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/4) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/6)
[^c22737201]: [S. 339(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/7AA) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/7)
[^c22737141]: Words in [s. 339(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/9) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/8), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c23426651]: Words in [s. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/2)
[^c23426671]: [S. 339(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1A/1B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/57/3)
[^c23426691]: Words in [s. 339(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/2)
[^c23426711]: Words in [s. 339(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3E) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 58(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/58/3)
[^c21591081]: Source-1970 s.245(1)
[^c21591091]: Source-1970 s.245(2), (3); 1974 s.37(1)
[^c21591101]: Source-1970 s.245(4)-(6)
[^c21591111]: Source-1970 s.245(7)-(9); 1974 s.37(1)
[^c22736651]: Words in [s. 342(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/5) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736671]: Words in [s. 342(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/6) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736901]: Words in [s. 342(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/2) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736921]: [S. 342(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/3A) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736691]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para 12(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/12/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22736071]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 20(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/8)
[^c21591341]: Source-1970 s.252(1)
[^c21591351]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (16.7.1992) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 152B(10)(e)](https://www.legislation.gov.uk/ukpga/1990/1/section/152B/10/e) (as inserted (16.7.1992) by [Finance Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 67](https://www.legislation.gov.uk/ukpga/1992/48/section/67)).
[^c21591361]: Source-1970 s.252(2), (2A); 1971 Sch.8 16(5); 1986 s.56(7), Sch.13 2; 1987 (No.2) s.64(2)
[^c22736091]: [S. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 15(1)(a)(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/a/7)
[^c21591371]: Source-1970 s.252(3)-(7)
[^c21591381]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591391]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 15 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591401]: Word in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) and omitted (27.7.1993) by virtue of s. 120, Sch. 14 para. 8(2)
[^c21591411]: Source-1970 s.252(3A); 1986 s.42(2), (3), Sch.10 1(2)
[^c21591421]: Source-1970 s.252(4)-(7)
[^c21591431]: [S. 343(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/6) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3)(-(5), 123, Sch. 15 para. 7(2), Sch. 19 Pt. V, Note 4
[^c21591441]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591451]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591461]: Source-1970 s.252(8); 1986 Sch.10 1(3)
[^c21591471]: Source-1970 s.252(9), (10)
[^c21591481]: Source-1986 s.42(2), (3)
[^c22737461]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 3 paras. 4(8)(a)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/4/8/a), [5](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/5); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c22736871]: [S. 343(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/4A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58) s. 39(7)
[^c23426441]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with modifications) (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 16](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16), [17](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/17) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426461]: [S. 343(3)(4A)(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3/4A/7)(11) applied (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 2(1)(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/2/1/3) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22737271]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (with effect in accordance with s. 579 of the excluding Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 561(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/561/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22755311]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 26](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/26) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21591491]: Source-1970 s.253; 1986 s.42, Sch.10 2
[^c23426631]: Words in [s. 344(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/344/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [66](https://www.legislation.gov.uk/uksi/2005/3229/regulation/66)
[^c23426561]: Words in [s. 337(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/1) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426571]: Words in [s. 337(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/2) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426481]: [S. 338](https://www.legislation.gov.uk/ukpga/1988/1/section/338) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2004/20/schedule/4/paragraph/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426581]: [S. 338A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/2/a) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/2), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23488671]: [S. 338A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/4) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22743431]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with modifications) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1/2)
[^c22749791]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with effect in accordance with s. 36(8) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/7)
[^c22744811]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), 149
[^c22744421]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with effect and application in accordance with s. 74 of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/4/1)
[^c22749931]: [S. 347A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/2/b) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/2), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c22749961]: [S. 347A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/7/8) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/2), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c23510621]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23427811]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427831]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427851]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427871]: [S. 347A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427891]: [S. 347A(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/4/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427921]: Words in [s. 347A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21591791]: Words in [s. 347B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/a) substituted (16.7.1992 with effect for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 61](https://www.legislation.gov.uk/ukpga/1992/48/section/61).
[^c21591801]: Words in [s. 347B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/a) substituted (1.4.1991) by [Contracts (Applicable Law) Act 1990 (c. 36, SIF 30)](https://www.legislation.gov.uk/ukpga/1990/36), [s. 5](https://www.legislation.gov.uk/ukpga/1990/36/section/5), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1990/36/schedule/4/paragraph/6); [S.I. 1991/707](https://www.legislation.gov.uk/uksi/1991/707), [art. 2](https://www.legislation.gov.uk/uksi/1991/707/article/2)
[^c21591821]: 1988(F) s.35*and* Sch.3 para.13*for* 1990-91*and subsequent years. Previously* “of the difference between the higher (married person's) relief and the lower (single person's) relief under subsection (1) of section 257 as it applies for the year to a person not falling within subsection (2) or (3) of that section”.
[^c21591831]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21591841]: [S. 347B(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/8) inserted (6.4.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 62(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/62/1); [S.I. 1992/2642](https://www.legislation.gov.uk/uksi/1992/2642), [art.2](https://www.legislation.gov.uk/uksi/1992/2642/article/2).
[^c22747721]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) repealed (with effect in accordance with s. 79(1), Sch. 26 Pt. 5(1) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3/a), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1)
[^c22747741]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) substituted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3/b)
[^c22747761]: Words in [s. 347B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/3) substituted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/4)
[^c22747801]: [S. 347B(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A/5B) inserted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/6)
[^c22746201]: [S. 347B(12)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/b) substituted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2), [Sch. 2 para. 15(2)](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/15/2); SI 1996/2208, art. 2(b)
[^c22746231]: [S. 347B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/13) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2), [Sch. 2 para. 15(3)](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/15/3); SI 1996/2208, art. 2(b)
[^c22747861]: Words in [s. 347B(5A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A/a) substituted (with effect in accordance with s. 27(1 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/1/b)
[^c22747841]: Words in [s. 347B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A) repealed (with effect in accordance with Sch. 27 Pt. 3(1) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/1)
[^c22749621]: [S. 347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) modified (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3)
[^c22749501]: Words in [s. 347B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1) inserted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/1)
[^c22749521]: [S. 347B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1A) inserted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/2)
[^c22749541]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/3)
[^c22749561]: Words in [s. 347B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/3) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/36/section/36/8) of the amending Act) by [Finance Act 1999 (c. 36)](https://www.legislation.gov.uk/ukpga/1999/36), [s. 36(4)](https://www.legislation.gov.uk/ukpga/1999/36/section/36/4)
[^c22749681]: [S. 347B(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/4/5) repealed (with effect in accordance with Sch. 20 Pt. 3(6) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/6)
[^c22749581]: Words in [s. 347B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/5)
[^c22749601]: Words in [s. 347B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/8) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/6)
[^c23427461]: Words in [s. 347B(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/11) repealed (N.I.) (3.3.2003 for specified purposes) by [Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4)](https://www.legislation.gov.uk/nia/2000/4), [ss. 67](https://www.legislation.gov.uk/nia/2000/4/section/67), [68(1)(2)](https://www.legislation.gov.uk/nia/2000/4/section/68/1/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/nia/2000/4/schedule/9/part/1); [S.R. 2003/53](https://www.legislation.gov.uk/nisr/2003/53), [art. 3](https://www.legislation.gov.uk/nisr/2003/53/article/3), [Sch.](https://www.legislation.gov.uk/nisr/2003/53/schedule)
[^c23501461]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23436671]: [S. 347B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/b) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/2/a)
[^c23436691]: [S. 347B(1)(c)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/c/i/ii) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/2/b)
[^c23436711]: [S. 347B(1A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1A/a/b) substituted for words in s. 347B(1A) (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/3)
[^c23436761]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "child" inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/b)
[^c23436731]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "child of the family" omitted (with effect in accordance with reg. 1(5) of the repealing S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/a)
[^c23436811]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "relevant child" inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/c)
[^c23436831]: Words in [s. 347B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9/a) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/a)
[^c23436851]: Words in [s. 347B(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9/b) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/b)
[^c23436871]: Words in [s. 347B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/c)
[^c23436901]: Words in [s. 347B(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/a) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/a)
[^c23436561]: Words in [s. 347B(12)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/b/i/ii) substituted (5.12.2005 with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/b)
[^c23436961]: Words in [s. 347B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/c)
[^c21591851]: Source-1970 s.52; 1971 Sch.6 20(c); 1973 s.17(1)
[^c21591861]: *See also*1970(M) s.90—*interest on unpaid tax.*1970(M) s.106—*avoidance of agreements for payment without deduction of tax.*1989 s.94*and* Sch.11 para.18—*deep gain securities.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1970 No.448](https://www.legislation.gov.uk/ukcm/1970/448) (in Part III Vol.5) regns. 2-11—*procedure for payment without deduction of tax of income exempt under double taxation arrangements.*
[^c21591871]: Source-1970 s.65(2)
[^c21591881]: *Words repealed by* 1988(F) Sch.14 Part IV—*in respect of payments made on or after* 6*April* 1989.
[^c22740091]: [S. 348(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/2/b) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22741511]: Words in [s. 348(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/3) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741531]: Words in [s. 348(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/3) inserted (with effect in accordance with [s. 41(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/3)
[^c22741551]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c23427501]: Words in [s. 348(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 50(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/50/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427521]: [S. 348(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 50(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/50/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427941]: [S. 348(1A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 147(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/147/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427961]: [S. 348(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 147(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/147/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436971]: Words in [s. 348(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/14) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22737841]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 174](https://www.legislation.gov.uk/ukpga/1994/9/section/174)
[^c21592281]: *See* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (in Part III Vol.5) regn. 2(2)—*application of* s.349(1)*for the purposes of* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (*Building Society Regulations*).
[^c21592291]: Source-1970 s.53(1); 1973 s.17(1); 1971 Sch.6 21
[^c21592301]: *See* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (in Part III Vol.5) regn. 2(2)—*application of* s.349(1)*for the purposes of* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (*Building Society Regulations*).
[^c21592311]: Source-1970 s.54(1), (2); 1971 Sch.6 22; 1982 s.26(1); 1984 ss.27(2), 35(1); 1970 s.65(2)
[^c21592321]: Words in [s. 349(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/2/a) inserted (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/2)
[^c21592331]: *See*—1970(M) s.106—*avoidance of agreements for payment without deduction of tax, etc.*1989 s.94*and* Sch.11 para.18—*deep gain securities.*1989 s.116—*certain interest on Eurobonds to Netherlands Antilles subsidiaries made on or after* 1*April* 1989.
[^c21592341]: *Words* “or 479(1)” *repealed by* 1990 s.132*and* Sch.19 Part.IV.
[^c21592351]: [S. 349(3)(e)-(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) and the word "or" inserted (26.7.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(2)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/2/4) (for payments made on or after 6th April 1991).
[^c21592361]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) (which was inserted 26.7.1990 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(2)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/2/4)) repealed (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/3), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c21592371]: Word in [s. 349(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3), at the end of para. (g), inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.59](https://www.legislation.gov.uk/ukpga/1993/34/section/59)
[^c21592381]: [S. 349(3)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/h) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 59](https://www.legislation.gov.uk/ukpga/1993/34/section/59)
[^c21592391]: *Words repealed by* 1988(F) s.148*and* Sch.14 Part IV*for payments made on or after* 6*April* 1989.
[^c21592401]: [S. 349(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/3B) inserted (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/4).
[^c21592411]: Words in [s. 349(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/a) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21592421]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4) inserted (26.7.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/3/4) (for payments made on or after 6th April 1991).
[^c21592431]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definitions of "qualifying certificate of deposit" and "security" substituted for words in s. 349(4) (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/5)
[^c21592451]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "qualifying deposit right" inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22739561]: Words in [s. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 18](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/18) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22739691]: [S. 349(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/a) applied (with modifications) (29.4.1996) by [The European Investment Bank (Designated International Organisation) Order 1996 (S.I. 1996/1179)](https://www.legislation.gov.uk/uksi/1996/1179), [art. 4](https://www.legislation.gov.uk/uksi/1996/1179/article/4)
[^c22739581]: Words in [s. 349(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/a) substituted (with application in accordance with [Sch. 37 para. 8(1)-(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/3/a)
[^c22739651]: [S. 349(3)(b)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/b/3AA) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 8(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/8)
[^c22739601]: Words in [s. 349(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/b) substituted (with application in accordance with [Sch. 37 para. 8(7)(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/7/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/3/b)
[^c22739751]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/5/2)
[^c22739621]: [S. 349(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3AA) inserted (with application in accordance with [Sch. 37 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/b)
[^c22739631]: [S. 349(3AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3AB) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/4)
[^c22739671]: Word in [s. 349(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/b) substituted (with effect in accordance with [Sch. 38 para. 6(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(e)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/e)
[^c22740121]: [S. 349(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22740131]: [S. 349(3)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/ba) inserted (with application in accordance with [s. 78(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/78/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/78/1)
[^c22741561]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741601]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) inserted (with effect in accordance with [s. 41(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/4)
[^c22741711]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22741621]: Words in [ss. 349(3)(c)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/c/3B) substituted (with effect in accordance with [s. 111(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/b) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2/a)
[^c22741581]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741671]: [S. 349(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3C) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/2)
[^c22741651]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "quoted Eurobond" inserted (with effect in accordance with [s. 111(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/b) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2/b)
[^c22741691]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "UK public revenue dividend" inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/3)
[^c22742251]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/51) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22742211]: [S. 349(3)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/i) and preceding word inserted (with application in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 95(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/2)
[^c22742231]: [S. 349(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/5/6) inserted (with application in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23) s. 95(3)
[^c23427541]: Words in [s. 349(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427561]: [S. 349(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427581]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) renumbered as s. 349(1B) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by virtue of [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427601]: Words in [s. 349(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1B) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427751]: [S. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) modified by [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 5(1A)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1A) (as inserted (1.11.2003) by [The Income Tax (Manufactured Overseas Dividends) (Amendment) Regulations 2003 (S.I. 2003/2582)](https://www.legislation.gov.uk/uksi/2003/2582), [reg. 6(3)](https://www.legislation.gov.uk/uksi/2003/2582/regulation/6/3))
[^c23427641]: [S. 349(3)(j)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/j/k) and preceding word inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/2)
[^c23427691]: [S. 349(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/6): definition of "central counterparty clearing service" inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/3)
[^c23427711]: [S. 349(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/6): definitions of "recognised clearing house" and "recognised investment exchange" inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/3)
[^c23427791]: [S. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) excluded (retrospective to 22.10.2004) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 65(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/65/3), [66(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/66/6)
[^c23428221]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 3](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/3)
[^c23428021]: [S. 349(1A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428031]: Words in [s. 349(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428051]: [S. 349(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/za) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428071]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428111]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definitions of "qualifying certificate of deposit" and "qualifying deposit right" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(b)(i)(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/b/i/c/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428141]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428161]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying deposit right" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428181]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying deposit right" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428091]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "uncertificated eligible debt security units" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428201]: [S. 349(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436991]: Words in [s. 349(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/15) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21592661]: *See* 1970(M) s.98—*penalties for non-compliance.*
[^c21592671]: [S. 350(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg. 13(2)(d)](https://www.legislation.gov.uk/uksi/1992/569/regulation/13/2/d).
[^c21592681]: Source-1970 ss.53(2), 54(3); 1971 Sch.6 21
[^c21592691]: Source-1970 s.56
[^c21592701]: *See* 1970(M) Parts IV-VI—*principal provisions as to assessment, appeals and collection.*
[^c21592711]: Source-1970 s.53(3), 54(3)
[^c21592721]: *See* 1988(F) s.130(7)(b)—*payment of outstanding tax by migrating companies.*
[^c21592731]: [S. 350(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/4) amended by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1/2)
[^c21592741]: [S. 350(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/4) extended by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/3)
[^c21592751]: Source-1970 s.53(4), 54(3); 1972 s.104, 108(1), Sch.24 16
[^c21592761]: (*See* 1970(M) Parts IV-VI—*principal provisions as to assessment, appeals and collection.*)*and also:*—1970(M) s.31(3)*appeals under* s.349(1)*and* 350*to go to Special Commissioners.*
[^c21592771]: Source-1972 s.108(2)-(4)
[^c21592781]: *See* 1989 s.94*and* Sch.11 para.18—*deep gain securities.*
[^c22739781]: Words in [s. 350(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/8)
[^c22739801]: [S. 350(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1A) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/8)
[^c22742591]: Words in [s. 350(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1A) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/2)
[^c21592931]: [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg.21](https://www.legislation.gov.uk/uksi/1992/569/regulation/21). [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) modified (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg.23](https://www.legislation.gov.uk/uksi/1992/569/regulation/23).
[^c21592941]: Source-1970 s.55; 1973 s.17(4), 1986 s.29(3)
[^c21592951]: *See* s.30*and* Sch.5 para.11—*words* “or 687” *replaced by* “, 480A or 687 or by virtue of regulations under section 477A(1)” *as regards a payment made on or after* 6*April* 1991.
[^c22742271]: Words in [s. 349A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/a/i)
[^c22742291]: Words in [s. 349A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/a/ii)
[^c22742311]: Words in [s. 349A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/6) renumbered as s. 349A(6)(a) (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/b/i)
[^c22742331]: [S. 349A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/6/b) and preceding word inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/b/ii)
[^c23428241]: Words in [s. 349A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 150](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/150), (with Sch. 2)
[^c22742351]: [S. 349B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/1/b) and preceding word repealed (with effect in accordance with s. 94(7) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/14), Note
[^c22742381]: [S. 349B(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3) inserted (with effect in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/2)
[^c22742611]: Words in [s. 349B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3) inserted (1.12.2002) by The Income and Corporation Taxes Act 1988, Section 349B(3) Order 2002 ([S.I. 2002/2931](https://www.legislation.gov.uk/uksi/2002/2931)), art. 2
[^c23427731]: Words in [s. 349B(2)(b)(7)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/2/b/7/b/ii) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23428331]: [S. 349B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4) applied (with modifications) (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [24(c)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/24/c) (as amended (27.12.2005) by [The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349)](https://www.legislation.gov.uk/uksi/2005/3349), [regs. 1](https://www.legislation.gov.uk/uksi/2005/3349/regulation/1), [7(b)](https://www.legislation.gov.uk/uksi/2005/3349/regulation/7/b)); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23428311]: [S. 349B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 151(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/151/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436491]: [S. 349B(3)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3/g/h) repealed (with effect in accordance with s. 46(4)(a)(b) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/a/b), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(6)(7))
[^c23436541]: Words in [s. 349B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4/a) inserted (with effect in accordance with [s. 22(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 22(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/2)
[^c23436521]: [S. 349B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4/b) repealed (with effect in accordance with ss. 19(1), 22(4) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 22(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/3), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2; [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)
[^c23437011]: [S. 349B(3)(i)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3/i/ia) substituted for s. 349B(3)(i) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/16/2) (as amended by [The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569)](https://www.legislation.gov.uk/uksi/2006/569), [regs 1(1)](https://www.legislation.gov.uk/uksi/2006/569/regulation/1/1), [5(4)(5)](https://www.legislation.gov.uk/uksi/2006/569/regulation/5/4/5)) (with Sch. 36)
[^c23437031]: Word after s. 349B(3)(j) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 16(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/16/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23437051]: [S. 349B(3)(l)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3/l/m) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 16(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/16/4), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23436651]: Amendment to earlier affecting provision [S.I. 2004/1450](https://www.legislation.gov.uk/uksi/2004/1450) reg. 24(c) (27.12.2005) by [The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349)](https://www.legislation.gov.uk/uksi/2005/3349), [regs. 1](https://www.legislation.gov.uk/uksi/2005/3349/regulation/1), [7(b)](https://www.legislation.gov.uk/uksi/2005/3349/regulation/7/b)
[^c22742401]: Words in [s. 349C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/a/i)
[^c22742421]: Words in [s. 349C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/a/ii)
[^c22742441]: Word in [s. 349C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/2) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/b)
[^c22742461]: [S. 349C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/4) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/c)
[^c22742481]: Words in [s. 349D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/a) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/i)
[^c22742501]: Words in [s. 349D(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/b/c) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/ii)
[^c22742531]: Word in [s. 349D(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/d) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/iii)
[^c22742551]: [S. 349D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/2) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/b)
[^c21593111]: *See*—1988 s.117—*limited partners.*1988 s.280—*transfer of reliefs between spouses.*1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c22738581]: [S. 353(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738611]: [S. 353(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738691]: Words in [s. 353(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B) substituted (with effect in accordance with [s. 42(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/42/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 42(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/42/2/a)
[^c22740451]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/2)
[^c22740421]: Words in [s. 353(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A/1B) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740481]: [S. 353(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1G) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/4)
[^c22741741]: Words in [s. 353(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1G) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/2)
[^c21594051]: Source-1972 Sch.9 10; 1974 Sch.1 1
[^c21594061]: Source-1972 Sch.9 11; 1974 Sch.1 1
[^c21594071]: Source-1972 Sch.9 12; 1974 Sch. 1 1
[^c21594091]: Source-1972 Sch.9 13; 1974 Sch.1 1
[^c22741821]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741841]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741861]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741881]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(d)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/d) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741901]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(e)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/e) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741921]: Words in [s. 359(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741941]: Words in [s. 359(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741961]: Words in [s. 359(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21594101]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594111]: Source-1974 Sch.1 9(1); 1982 s.49(2)
[^c21594121]: 1989 s.107*and* Sch.12 para.12—*in relation to interest paid on or after* 27*July* 1989. 1988 s.424(4)*continues to have effect for purposes of* s.360*in relation to interest paid before* 27*July* 1989.*Previously* “satisfying any of the conditions of section 424(4)” *in* subs.1(a)*and* “satisfy any of the conditions of section 424(4)” *in* subs.2(a).
[^c21594131]: Source-1974 Sch.1 10(1); 1980 s.28(1)(b), (c); 1982 s.49(3)
[^c21594151]: Source-1974 Sch.1 10(2); 1982 s.49(3)
[^c21594161]: 1989 s.107*and* Sch.12 para.12—*in relation to interest paid on or after* 27*July* 1989. 1988 s.424(4)*continues to have effect for purposes of* s.360*in relation to interest paid before* 27*July* 1989.*Previously* “satisfy any of the conditions of section 424(4)”.
[^c21594171]: 1989 s.47.
[^c21594181]: 1989 s.48(1).*Previously* “(4) In this section expressions to which a meaning is assigned by Part XI have that meaning, but—(a) in relation to any loan made after 5th April 1987, paragraph 39 of Schedule 9 shall have effect for determining whether the interest on the loan is eligible for relief under section 353 by virtue of this section; and (b) in relation to any loan made before 14th November 1986, section 417 shall have effect subject to the following modifications—(i) in subsection (3)(c) for the words following “deceased person” there shall be substituted the words “subject to subsection (3A) below, any other person interested therein”; and (ii) after subsection (3) there shall be added— “(3A) Subsection (3)(c) above shall not apply so as to make an individual an associate as being entitled or eligible to benefit under a trust—(a) if the trust relates exclusively to an exempt approved scheme as defined in section 592; or (b) if the trust is exclusively for the benefit of the employees, or the employees and directors, of the company or their dependants (and not wholly or mainly for the benefit of directors or their relatives), and the individual in question is not (and could not as a result of the operation of the trust become), either on his own or with his relatives, the beneficial owner of more than 5 per cent. of the ordinary share capital of the company; and in applying paragraph (b) above any charitable trusts which may arise on the failure or determination of other trusts shall be disregarded.””.
[^c22740321]: Words in [s. 360(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/360/3A) inserted (with effect in accordance with [s. 79(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/79/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/79/1)
[^c23436591]: Words in [s. 360(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/360/3A) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [68](https://www.legislation.gov.uk/uksi/2005/3229/regulation/68)
[^c21594201]: 1989 s.107*and* Sch.12 para.13(2)*in relation to accounting periods beginning after* 31*March* 1989.*For accounting periods beginning on or before* 31*March* 1989,*the following wording applies:* “in a company—(a) if he, either on his own or with one or more of his associates, or if any associate of his with or without other such associates, is the beneficial owner of, or able (directly or through the medium of other companies or by any other indirect means) to control, more than 5 per cent. of the ordinary share capital of the company, or (b) if, on an amount equal to the whole distributable income of the company falling to be apportioned under Part XI for the purpose of computing total income, more than 5 per cent. of that amount could be apportioned to him together with his associates (if any), or to any associate of his, or any such associates taken together.”.
[^c21594211]: 27*July* 1989.
[^c21594221]: 27*July* 1989.
[^c21594241]: 1989 s.107*and* Sch.12 para.13(3)*in relation to accounting periods beginning after* 31*March* 1989.
[^c23436611]: Words in [s. 360A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/10) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [69](https://www.legislation.gov.uk/uksi/2005/3229/regulation/69)
[^c23437101]: Words in [s. 360A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/2) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 11(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23437121]: Words in [s. 360A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/2/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 11(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23437141]: Words in [s. 360A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/8) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 11(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23437161]: Words in [s. 360A(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/9/a) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/17) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21594251]: Source-1974 Sch.1 10A(1); 1981 s.25(3)
[^c21594261]: Source-1974 Sch.1 10B; 1981 s.25(3), (6)
[^c21594271]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594281]: Source-1974 Sch.1 10C; 1983 s.24(1)
[^c21594291]: *See* 1988(F) s.35*and* Sch.3 para.15*for changes applicable in respect of payments of interest made on or after* 6*April* 1990.
[^c21594301]: Source-1974 Sch.1 10D(1)-(3); 1983 s.24(1); 1984 s.24(2), (3)
[^c21594321]: *See* 1988(F) s.35*and* Sch.3 para.15*for changes applicable in respect of payments of interest made on or after* 6*April* 1990.
[^c21594351]: Source-1974 Sch.1 10D(3A); 1983 s.24(1); 1984 s.24(4)
[^c21594361]: Source-1974 Sch.1 10D(4); 1983 s.24(1)
[^c21594371]: Source-1974 Sch.1 11(1)
[^c21594381]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594391]: Source-1974 Sch.1 12; 1981 s.25(2)
[^c22742031]: Words in [s. 362(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/362/2/a) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/9)
[^c21594401]: Source-1974 Sch.1 13; 1981 s.25(4); 1983 s.24(2)(a)
[^c21594411]: Source-1974 Sch.1 14(1); 1981 s.25(4); 1983 s.24(2)(a)
[^c21594421]: Source-1974 Sch.1 14(2)
[^c21594431]: Source-1974 Sch.1 15; 1981 s.25(4); 1983 s.24(2)(b)
[^c21594441]: Source-1974 Sch.1 10A(2); 1981 s.25(3)
[^c21594451]: [1976 c.78](https://www.legislation.gov.uk/ukpga/1976/78).
[^c21594461]: Source-1974 Sch.1 17(1); 1975 Sch.12 19(2); 1986 s.100
[^c21594471]: Source-1974 Sch.1 18
[^c21594481]: Source-1974 Sch.1 20, 21; 1975 Sch.12 19(3), (4); 1986 s.100
[^c22739041]: Words in [s. 366(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/366/1/c) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21594691]: Source-1972 Sch.9 2; 1974 Sch.1 23
[^c21594701]: Source-1972 Sch.9 14; 1974 Sch.1 23
[^c21594711]: Source-1972 Sch.9 15; 1974 Sch.1 1, 23
[^c22740791]: Words in [s. 367(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740811]: Words in [s. 367(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/3/4) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/3)
[^c21594771]: Source-1972 Sch.10 1-6
[^c22738231]: Words in [s. 368(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 9](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/9)
[^c22740341]: Words in [s. 368(3)(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/3/4/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23428391]: Words in [s. 368(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428411]: [S. 368(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428431]: Words in [s. 368(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428451]: Words in [s. 368(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428471]: [S. 368(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21594971]: *See* S.I. [1988 No.1347](https://www.legislation.gov.uk/ukcm/1988/1347) (*in* Part III Vol.5)*in respect of housing associations.*
[^c21596041]: *See* S.I. [1983 No.368](https://www.legislation.gov.uk/ukcm/1983/368) (*in* Part III Vol.5)—*housing associations.*
[^c22743361]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c21596171]: [S. 380](https://www.legislation.gov.uk/ukpga/1988/1/section/380) amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171](https://www.legislation.gov.uk/ukpga/1993/34/section/171) (3), 184(3)
[^c21596241]: *See* 1988(F) s.148*and* Sch.14 Part V*regarding repeal of* s.380(4)*from* 6*April* 1993.
[^c21596251]: *See*—1990(C) s.142—*restriction of set off of first-year allowances.*
[^c21596261]: Source—1970 s.168(8)
[^c21596271]: 1988(F) Sch.6 para.8*from* 15*March* 1988.*Previously* “section 54”.
[^c22743471]: [S. 380(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1/2) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/1) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743511]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/8)
[^c22744341]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22743491]: [S. 380(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/3) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21596351]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 9](https://www.legislation.gov.uk/uksi/1991/851/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1991/851/schedule/2). [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (for the year of assessment 1989-90 only) (28.3.1992) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [reg. 9](https://www.legislation.gov.uk/uksi/1992/511/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1992/511/schedule/2).
[^c21596361]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) applied with modification (23.3.1993) by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [reg. 9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c21596371]: Source—1978 s.30(1)
[^c21596381]: *See* S.I. [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol.5) regn. 15—*non-resident entertainers and sportsmen.*
[^c21596391]: Source—1978 s.30(2)
[^c21596401]: Source—1978 s.30(3)
[^c21596411]: Source—1978 s.30(4)-(6)
[^c21596421]: *See* 1990(C) s.142—*restriction of set-off of first-year allowances.*
[^c21596431]: Source—1978 s.30(10)
[^c22766431]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22744381]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22743551]: Words in [s. 381(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/2) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/2) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743571]: [S. 381(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22744831]: Words in [s. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/10)
[^c22744851]: Words in [s. 381(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/4) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/24), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23441231]: Words in [s. 381(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/5/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2005/3229/regulation/70)
[^c21596481]: Source—1970 s.168(3); 1971 s.16(2)(a); 1978 s.30(7)(a)
[^c21596491]: Source—1970 s.168(4); 1978 s.30(7)(a)
[^c21596501]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22743741]: [S. 382(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3/4) substituted (with effect in accordance with ss. 209(7), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/3) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22748231]: Words in [s. 382(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438731]: Words in [s. 382(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 158](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/158), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21596861]: Source—1970 s.170(1)
[^c21596871]: Source—1970 s.170(2)-(4)
[^c21596881]: Source—1980 s.70(1), (5)
[^c21596891]: Source—1980 s.70(2), (5)
[^c21596901]: Source—1980 s.70(4)
[^c22743611]: Words in [s. 384(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/1) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743631]: Words in [s. 384(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/2/a) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743671]: [S. 384(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/2/b) and preceding word repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743681]: [S. 384(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/5) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(b) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743701]: Words in [s. 384(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6) substituted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/2/a)
[^c22743721]: Words in [s. 384(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6/a) substituted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/2/b)
[^c22745411]: Words in [s. 384(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/1) repealed (with effect in accordance with s. 134(2) of the repealing Act) by Finance Act 1996 (c, 8), Sch. 20 para. 25(1), Sch. 41 Pt. 5(10), Note
[^c22745431]: [S. 384(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/25/2)
[^c22751011]: Words in [s. 384(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751041]: Words in [s. 384(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751061]: [S. 384(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/11) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23438751]: [S. 384(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/4/a/b) and words substituted for words in s. 384 (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 159(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/159/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23438771]: Words in [s. 384(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 159(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/159/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597001]: *See* 1988(F) Sch.14 Part V—*repeal of* subs. (6)*from* 6*April* 1993.
[^c21597011]: 1988(F) Sch.6 para.6(8)*from* 15*March* 1988.*Previously* “section 54”.
[^c22743771]: [S. 385(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/1) substituted (with effect in accordance with ss. 209(7), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/4) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743791]: [S. 385(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/2) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(c) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743831]: [S. 385(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/3) repealed (with effect in accordance with ss. 209(7), 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/5), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 6
[^c22743811]: [S. 385(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/5) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(c) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743851]: [S. 385(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/8) repealed (with effect in accordance with ss. 209(7), 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/5), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 6
[^c22748981]: [S. 385](https://www.legislation.gov.uk/ukpga/1988/1/section/385) modified (with effect in accordance with [s. 56(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/56/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 56(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/56/4)
[^c23438471]: [S. 385](https://www.legislation.gov.uk/ukpga/1988/1/section/385) modified by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 20A paras. 6-8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/6) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/25/paragraph/3))
[^c22748241]: Words in [s. 385(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438811]: Words in [s. 385(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/161), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597021]: Source—1970 s.172
[^c22743871]: [S. 386(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(f)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/f), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22748291]: Words in [s. 386(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438891]: Words in [s. 386(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/162), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597031]: Source—1970 s.173(1), (2)
[^c21597041]: Source—1970 s.173(3)(aa); 1970(F) Sch.4 9(6)
[^c21597051]: Source—1970 s.173(3)(a)-(c)
[^c21597061]: [Sch.7 para.36(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/4) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*from* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)
[^c22746401]: [S. 387(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/c) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22746441]: [S. 387(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/f) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23438921]: Words in [s. 387(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 163](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/163) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597071]: Source—1970 s.174(1)
[^c21597081]: Source—1970 s.174(2)-(6)
[^c21597091]: *See* 1990(C) ss.30-31*(ships*)—*carry forward does not include postponement under* 1990(C) ss.30-31.
[^c22747701]: [S. 388](https://www.legislation.gov.uk/ukpga/1988/1/section/388) modified (1.12.1997 with effect in accordance with reg. 1 of the affecting S.I.) by [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [reg. 10](https://www.legislation.gov.uk/uksi/1997/2681/regulation/10)
[^c22748391]: [S. 388](https://www.legislation.gov.uk/ukpga/1988/1/section/388) restricted (9.3.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 14(3)](https://www.legislation.gov.uk/uksi/1995/351/regulation/14/3)
[^c22748371]: Words in [s. 388(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/6) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743951]: [S. 388(6)(b)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/6/b/d) (and word preceding (d)) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22743991]: Words in [s. 388(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/7) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22748301]: Words in [s. 388(1)(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1/4/5/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438941]: Words in [s. 388(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 164(2)(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/164/2/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23439001]: Words in [s. 388(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 164(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/164/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597101]: Source—1970 s.174(7)-(13); 1986 Sch.13 27; 1971 Sch.8 16
[^c21597161]: *See* 1988(F) Sch.14 Part V*for repeal of* subs. (8)*from* 6*April* 1993.
[^c22744111]: [S. 389(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/3) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(g)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/g), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(d) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22744131]: [S. 389(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/5) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(c) (with Sch. 20)
[^c22751091]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751111]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751131]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23439021]: [S. 389(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 165](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/165) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597171]: Source—1970 s.175; 1972 Sch.11 3; 1974 Sch.1 28
[^c23439531]: Words in [s. 390(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/390/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 166](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23439621]: [S. 391](https://www.legislation.gov.uk/ukpga/1988/1/section/391) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 167](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/167) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23438791]: Words in [s. 384A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/160) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440311]: [S. 392](https://www.legislation.gov.uk/ukpga/1988/1/section/392) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 168](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/168) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23532101]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2) (with [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6))
[^c23532111]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23532121]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 226](https://www.legislation.gov.uk/ukpga/2005/5/section/226), [227](https://www.legislation.gov.uk/ukpga/2005/5/section/227), [232(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/232/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22744521]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/8)
[^c22744481]: [S. 379A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1) applied (with effect in accordance with s. 39(4)(5) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/2/3)
[^c22744501]: [S. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) applied (with effect in accordance with s. 39(4)(5) of the modifying Act) [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/4)
[^c22746371]: Word in [s. 379A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2/a) repealed (with effect in accordance with Sch. 15 para 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/2/1/a), [Sch. 18 Pt. 6(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/11), Note
[^c22746381]: Words in [s. 379A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2) repealed (with effect in accordance with Sch. 15 para 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/2/1/b), [Sch. 18 Pt. 6(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/11), Note
[^c22747941]: Words in [s. 379A(1)(a)(b)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1/a/b/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22750991]: Words in [s. 379A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/28) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751921]: Words in [s. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/2)
[^c23428541]: Words in [s. 379A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428561]: Words in [s. 379A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428591]: Words in [s. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428611]: Words in [s. 379A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428631]: Words in [s. 379A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428651]: Words in [s. 379A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428691]: Words in [s. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 157(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/157/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428711]: Words in [s. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 157(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/157/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597211]: *See* s.434A—*limitations on loss relief for life assurance company.*
[^c22750761]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 69(1) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 19](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/19) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22751941]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(2)-(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/2) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22751981]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(2)](https://www.legislation.gov.uk/uksi/2002/653/article/4/2)
[^c22766441]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/6), [16(5)(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/5/1/a), [19](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/19)
[^c23438671]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c21597321]: *See* 1990 s.99(2)*and* (4)*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597331]: *See* [Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(4)—*carry forward of losses where transfer to successor from existing bank under the* Trustee Savings Banks Act 1985.
[^c22743321]: [S. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15)
[^c21597341]: Source—1970 s.177(1)-(3)
[^c21597351]: Words in [s. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 8(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/a)
[^c21597361]: [S. 393(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/2) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19) Pt. v Note 4
[^c21597431]: *See* 1990 s.99(2)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597441]: Words in [s. 393(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/11) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 8(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 4
[^c21597551]: Source—1973 ss.30, 32(6)
[^c21597561]: Words in [s. 395(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/b) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/a)
[^c21597581]: Words in [s. 395(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1) and (4): repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213),Sch. 23 Pt.III(11), note; omitted (27.7.1993) by virtue of [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/b)
[^c22751281]: Words in [s. 395(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751301]: Words in [s. 395(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(1)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/1/4/5)
[^c22745491]: Word in [s. 393A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/a)
[^c22745511]: [S. 393A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/4/a) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/b)
[^c22750781]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/23) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22746491]: Words in [s. 393A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/2)
[^c22746511]: [S. 393A(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/3)
[^c22746531]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/39/8) of the amending Act) by Finance (No. 2) Act 1997, s. 39(4)(a)
[^c22746551]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/4/b)
[^c22746571]: [S. 393A(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/5)
[^c22746591]: [S. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/6)
[^c22766451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/5), [16(4)(a)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/4/a/b/5/b)
[^c23438691]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23442481]: [S. 393A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/4)
[^c23442501]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 35(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/35/2)
[^c22751151]: Words in [s. 393A(2C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2C/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751251]: [S. 393A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/5/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751171]: Words in [s. 393A(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751191]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751211]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751231]: Words in [s. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597601]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c22749041]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified (with application in accordance with Sch. 5 para. 72(2) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 72(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/72/1)
[^c23438451]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 7A](https://www.legislation.gov.uk/uksi/1995/1730/regulation/7A) (as inserted (28.10.2003 with effect in accordance with reg. 1(3) of the modifying S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003 (S.I. 2003/2573)](https://www.legislation.gov.uk/uksi/2003/2573), [reg. 8(1)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/8/1))
[^c21597611]: *See* 1990 ss.99(3)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10). [S. 396(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/1) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c21597621]: Source—1970 s.179
[^c22748951]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2), (with Sch. 6 para. 6)
[^c22752321]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23533041]: [Pt. 10 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23532151]: [S. 392A](https://www.legislation.gov.uk/ukpga/1988/1/section/392A) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/1) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23532761]: [S. 392A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(2)(4)
[^c23532851]: Words in [s. 392A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(3)(4)
[^c23533011]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/5), [Sch. 17 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2)
[^c23533021]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(5)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/5) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c21597641]: Source—1970 s.180; 1986 s.56(7) Sch.13 2(5)
[^c22744171]: Words in [s. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) inserted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/3/a) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22744191]: Words in [s. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22745531]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/a)
[^c22745551]: Words in [s. 397(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/a/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/b)
[^c22751321]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "basis year" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751341]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "chargeable period" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751361]: [S. 397(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751401]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23440751]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definitions of "farming" and "market gardening" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440761]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440781]: [S. 397(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a/b) substituted for words in s. 397(8) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440801]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441301]: Word at the end of s. 397(10)(a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441251]: [S. 397(10)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/ab) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441321]: [S. 397(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/c) and preceding word inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/b)
[^c21597691]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/4)
[^c23440861]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440881]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440901]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597791]: Source—1978 s.31
[^c21597801]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/11)
[^c21597811]: Source—1985 s.72(2); 1987 Sch.15 11(2); 1987 (No.2) s.81(1)
[^c21597821]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(19)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/19/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22746451]: [S. 399(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1A) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/4)
[^c22752101]: [S. 399(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/4/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23440921]: [S. 399(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440971]: Words in [s. 399(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440951]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22743341]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 16](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16)
[^c22744771]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/1)
[^c22744271]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(2)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/2), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598001]: Source—1981 s.48
[^c21598011]: Words in [s. 400(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/a); repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 14 para. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (11), note; omitted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 paras. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5)
[^c21598031]: Words in [s. 400(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/e) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21598041]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/12)
[^c22744791]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/2)
[^c22744251]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(3)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/3), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598071]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22745601]: [S. 400(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/8) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/7/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745621]: [S. 400(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/9A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/19) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22748451]: [S. 400(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/bb) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/36) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748441]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22749301]: Words in [s. 400(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/a) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(i)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/i) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749321]: Words in [s. 400(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/b) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(ii)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/ii) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749341]: Words in [s. 400(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/8/9) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(b)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/b) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22752001]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) excluded (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(3)](https://www.legislation.gov.uk/uksi/2002/653/article/4/3)
[^c22752021]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(4)](https://www.legislation.gov.uk/uksi/2002/653/article/4/4)
[^c22751421]: Words in [s. 400(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751441]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751461]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23450561]: [S. 400(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(2)(5)
[^c23450571]: [S. 499(2)(bb)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/499/2/bb/ii) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(3)(5)
[^c21598101]: Source—1980 s.39(1), (2), (4); 1982 s.50
[^c21598111]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109/4) of the amending Act) by virtue of s. 109(1)(4)
[^c22744561]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (with effect in accordance with [s. 120(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/a)
[^c22744601]: [S. 401(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/2) repealed (with effect in accordance with s. 120(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/b), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 2
[^c22766461]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) inserted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 109(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/2/4)
[^c22745641]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22745661]: [S. 401(1AA)-(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1AA) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22750821]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 69(1) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/1/3), [26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26)
[^c22752351]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 53(1) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 20(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20/1)
[^c22752371]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with Sch. 13 para. 28(1)(2) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/3)
[^c22766481]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 56 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/15/paragraph/2/2)
[^c22748471]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22766471]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/20)
[^c22748501]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c23440991]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441011]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441051]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441091]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441071]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598131]: *See*—1988 s.434A—*limitations on group relief for life assurance company.*1989 s.102—*surrender of company tax refund etc. within group* (*from a day to be appointed not earlier than* 31*March* 1992).
[^c21598141]: Source—1970 s.258(1)
[^c22742951]: Words in [s. 402(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/4) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/a/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c21598161]: Source—1970 s.258(3), (4)
[^c22751841]: [S. 402(1)(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1/2/5/6) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting Regulations) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22750001]: [S. 402(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A/3B) inserted (with effect in accordance with [Sch. 27 para. 6(1)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/1)
[^c23438371]: Words in [s. 402(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3B) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441211]: Words in [s. 402(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/6/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23441731]: Words in [s. 402(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/2)
[^c23441751]: [S. 402(2)-(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/2) substituted for s. 402(2) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/3)
[^c23441771]: Words in [s. 402(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/1/4)
[^c22749271]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/2/2) (as substituted (with effect in accordance with s. 38(2)(3) of the1998 amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch 5 para. 64(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/64/3) (with [Sch 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73)))
[^c22749281]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (with effect in accordance with s. 38(2)(3) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 paras. 75](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/75), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76)
[^c22751821]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) excluded (with effect in accordance with s. 579(1) of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 260(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/7), [261](https://www.legislation.gov.uk/ukpga/2001/2/section/261) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22749191]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23438711]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22752121]: Words in [s. 403(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/1/b) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/a)
[^c22752141]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/b)
[^c22752161]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/c)
[^c23441841]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/5)
[^c23441791]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/1)
[^c23441821]: Words in [s. 403(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/4) inserted (with effect in accordance with [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 43(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/43/3)
[^c21598361]: Source—1987 (No.2) s.63
[^c21598371]: *Definition applied for purposes of*—1970 s.273A—*transfer of U.K. branch or agency.*1970 s.276(1A)—*replacement of business assets by members of a group.*1990(C) s.161(2)—*interpretation.*
[^c22745731]: [S 404(6)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/a/ia) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745831]: [S. 404(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/7) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751861]: [S. 404](https://www.legislation.gov.uk/ukpga/1988/1/section/404) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22748631]: [S. 404(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/a/aa) substituted for s. 404(2)(a) (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748691]: [S. 404(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/c) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/3), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23438651]: Word in [s. 404(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/c) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 16(3) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 16(2)
[^c21598381]: Source—1985 Sch.9 2
[^c21598391]: Source—1985 Sch.9 3
[^c22747371]: Words in [s. 405(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/405/4) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/4)
[^c21598401]: Source—1985 Sch.9 5(1), 6(1)
[^c21598411]: Source—1985 Sch.9 5(2)-(4)
[^c21598421]: Source—1985 Sch.9 6(2)-(5)
[^c22742971]: Words in [s. 406(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/2/5)
[^c22747391]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/a)
[^c22747421]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/b)
[^c22747451]: [S. 406(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/3) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/2)
[^c22747471]: [S. 406(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/7) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/3)
[^c22747491]: Words in [s. 406(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/8) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/4)
[^c21598591]: Source—1970 s.260(1)
[^c21598601]: Source—1970 s.260(1), (2)
[^c21598611]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/1)
[^c21598631]: Source—1970 s.260(3)(a), (d)
[^c21598641]: Words in [s. 407(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2)
[^c21598651]: Source—1970 s.260(3)(b)
[^c21598671]: Word in [s. 407(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2) inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598681]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) and words inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598691]: Source—1970 s.260(4)
[^c22745851]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745871]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) substituted for para. (c) and words following it (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751541]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751551]: Words in [s. 407(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22746161]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/1) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22744691]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24) s. 7(2)
[^c22744291]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22743191]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17)
[^c22744751]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/1)
[^c21598761]: Source—1973 s.29, 32(6); 1981 s.40(6)
[^c21598771]: *See* Trustee Savings Bank Act 1985 s.5*and* Sch.2 para.6(8)—s.410*not to apply to transfers effected by* s.3*of the* TSB Act 1985.
[^c21598781]: Source—1981 s.47
[^c22750861]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/5); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), [art. 2(1)](https://www.legislation.gov.uk/uksi/2000/2957/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2000/2957/schedule/1)
[^c22752041]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 5](https://www.legislation.gov.uk/uksi/2002/653/article/5) (with [art. 6](https://www.legislation.gov.uk/uksi/2002/653/article/6))
[^c22751881]: S.. 410(1)(4)(5)-(7) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22746471]: Words in [s. 410(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/5) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 68](https://www.legislation.gov.uk/ukpga/1997/16/section/68)
[^c21598791]: Source—1970 s.263(1),(2)
[^c22747561]: [S. 411(2)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/2) repealed (with effect in accordance with Sch. 7 para. 6, Sch. 8 Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22751901]: [S. 411(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/1) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22751731]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751741]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22748651]: [S. 412](https://www.legislation.gov.uk/ukpga/1988/1/section/412) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/46); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21598931]: Source—1970 s.258; 1985 Sch.9 1
[^c21598941]: Source—1970 s.258(5)-(7)
[^c21598951]: Source—1970 s.258(8); 1984 s.46(2); 1985 Sch.9 1(a)
[^c22743261]: [S. 413(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6/a) applied (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/7)
[^c21598961]: Source—1973 s.28(2)-(5); 1981 s.40(5)
[^c22743031]: [S. 413(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/8/9) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/b/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c22747511]: [S. 413(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/7)
[^c22748671]: Words in [s. 413(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 38](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/38) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22750111]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c22750131]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "non-resident company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c23441631]: [S. 413(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3) applied (with modifications) (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35)
[^c22767851]: Words in [s. 413(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5) repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22743021]: [S. 413(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5/c) and preceding word repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c23442601]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "EEA territory" inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/5/2)
[^c23443201]: [S. 413(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3/a) applied (6.4.2007) by [The Income Tax (Construction Industry Scheme) Regulations 2005 (S.I. 2005/2045)](https://www.legislation.gov.uk/uksi/2005/2045), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2045/regulation/1), [5(5)](https://www.legislation.gov.uk/uksi/2005/2045/regulation/5/5) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2005/2045/schedule/1)); Gazette issue 58269 dated 9.3.2007
[^c22746701]: [S. 403A](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750041]: Words in [s. 403A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/b) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/b) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c23441891]: [S. 403A(10)(a)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/a/ab) substituted for s. 403A(10)(a) (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/2)
[^c23441921]: [S. 403A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/2/3)
[^c22746721]: [S. 403B](https://www.legislation.gov.uk/ukpga/1988/1/section/403B) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750071]: [S. 403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403C) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(1)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/1/5)
[^c22749751]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/1)
[^c22751481]: Words in [s. 403ZB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 36](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/36) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751501]: [S. 403ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/2) restricted (with effect in accordance with s. 579(1) of the restricting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 131(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/131/7) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22749241]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22752181]: [S. 403ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZC/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 45](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/45), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22752221]: [S. 403ZD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/6) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/2)
[^c23438571]: [S. 403ZD(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(2)(4)
[^c23438591]: [S. 403ZD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/5) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(3)
[^c23438611]: Words in [s. 403ZE(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/1/b/ii) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(2)(3)
[^c23438631]: [S. 403ZE(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/2) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(4)
[^c23550481]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35) to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
[^c23441971]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/a)
[^c23441991]: Words in [s. 403D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/2/b)
[^c23442011]: [S. 403D(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/403D/11) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/3/3)
[^c23438381]: Words in [s. 403E(1)(a)(2)(4)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/1/a/2/4/5/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441691]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 136(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/136/1/2/c)
[^c23550461]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2006/3296/regulation/17)
[^c23550471]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23550451]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521](https://www.legislation.gov.uk/ukpga/2009/4/section/521) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c22752391]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/4) (as inserted (with effect in accordance with s. 104(5) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3))
[^c22752411]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/2/5) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 22(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/22/4))
[^c23481021]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 453](https://www.legislation.gov.uk/ukpga/2005/5/section/453), [456(7)](https://www.legislation.gov.uk/ukpga/2005/5/section/456/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598971]: *See* 1979(C) s.155(1)—*definition applied for purposes of capital gains.*
[^c21598981]: Source—1970 s.282(1)
[^c21598991]: 1989 s. 104(1) from 1 April 1989. Previously "(2) Subject to section 415 and subsection (5) below, a company resident in the United Kingdom (but not falling within subsection (1)(b) above) is a close company if-(a) on the assumtion that it is so, or (b) on the assumption that it and any other such company or companies are so, more than half of any any amount falling to be apportioned under section 423 in the case of the company (including any sum which has been apportioned to it, or could on either of those assumptions be apportioned to it, under that section) could be apportioned among five or fewer participators, or among participators who are directors.".
[^c21599001]: Source—1970 s.282(2); 1972 Sch.17 1
[^c21599011]: Repealed by 1989 ss. 104(2) and 187 and Sch. 17 Part V from 1 April 1989
[^c21599021]: Source—1970 s.282(3)
[^c21599031]: 1970 s.282(4), (5); 1972 Sch.17 1
[^c21599041]: 1989 s.104(3)*from* 1*April* 1989.*Previously* “paragraph (c) of section 416(2) and it would not be a close company if the reference in that paragraph”.
[^c21599051]: Source—1971 s.25(6)
[^c23481081]: Words in [s. 414(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/414/7) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 18](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/18) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21599061]: Source—1970 s.283(1)-(3)
[^c21599071]: Source—1970 s.283(4)(a)
[^c21599081]: Source—1970 s.283(4)(bb); 1970(F) Sch.5 Part III 12(3)
[^c21599091]: Source—1970 s.283(4)(c)
[^c21599101]: Source—1970 s.283(5)-(8)
[^c22745911]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (with effect in accordance with [Sch. 38 para. 6(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(f)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/f)
[^c23481101]: Words in [s. 415(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/4/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para 19](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/19) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21599161]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/89/1), [Sch. 16 para. 10(9)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/9) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(11)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/11/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599171]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 86(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/5), [288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [Sch. 5 paras. 2(8)(9)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/2/8/9), [8(8)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/8/8), [9(9)(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/9/9/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (1.10.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [art. 62(4)](https://www.legislation.gov.uk/nisi/1992/1725/article/62/4); [S.R. 1992/402](https://www.legislation.gov.uk/nisr/1992/402), [art. 2(a)](https://www.legislation.gov.uk/nisr/1992/402/article/2/a)
[^c22744231]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (17.12.1996) by [Housing Grants, Construction and Regeneration Act 1996 (c. 53)](https://www.legislation.gov.uk/ukpga/1996/53), [ss. 54(2)](https://www.legislation.gov.uk/ukpga/1996/53/section/54/2), [150(3)](https://www.legislation.gov.uk/ukpga/1996/53/section/150/3); [S.I. 1996/2842](https://www.legislation.gov.uk/uksi/1996/2842), [art. 3](https://www.legislation.gov.uk/uksi/1996/2842/article/3)
[^c23457351]: S, 416 applied (N.I.) (1.10.2003 for specified purposes and 1.12.2003 otherwise) by [The Housing (Northern Ireland) Order 2003 (S.I. 2003/412)](https://www.legislation.gov.uk/uksi/2003/412), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/412/article/1/3), [85(2)](https://www.legislation.gov.uk/uksi/2003/412/article/85/2); [S.R. 2003/270](https://www.legislation.gov.uk/nisr/2003/270), [art. 2(4)](https://www.legislation.gov.uk/nisr/2003/270/article/2/4), [Sch. 3](https://www.legislation.gov.uk/nisr/2003/270/schedule/3)
[^c21599181]: Source—1970 s.302(1); 1972 Sch.24 21
[^c21599191]: Words repealed by 1989 s. 187 and Sch. 17 Part v in relation to accounting periods beginning after 31 March 1989
[^c21599201]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22745921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 87(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/87/6) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11))
[^c22745941]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 9 para. 17(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8) Sch. 9 para. 17(9)
[^c22746271]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.3.1996) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 12(7)](https://www.legislation.gov.uk/ukpga/1995/45/section/12/7), [18(4)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/4) (with [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1)); [S.I. 1996/218](https://www.legislation.gov.uk/uksi/1996/218), [art. 3](https://www.legislation.gov.uk/uksi/1996/218/article/3)
[^c22746291]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (10.6.1996) by [The Gas (Northern Ireland) Order 1996 (S.I. 1996/275)](https://www.legislation.gov.uk/uksi/1996/275), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1996/275/article/1/2), [39(7)](https://www.legislation.gov.uk/uksi/1996/275/article/39/7) (with [art. 71](https://www.legislation.gov.uk/uksi/1996/275/article/71)); [S.R. 1996/216](https://www.legislation.gov.uk/nisr/1996/216), [art. 2](https://www.legislation.gov.uk/nisr/1996/216/article/2) (with [arts. 3](https://www.legislation.gov.uk/nisr/1996/216/article/3), [4](https://www.legislation.gov.uk/nisr/1996/216/article/4))
[^c22750701]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 19E(4)](https://www.legislation.gov.uk/ukpga/1986/44/section/19E/4) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 2 para. 1](https://www.legislation.gov.uk/uksi/2000/1937/schedule/2/paragraph/1))
[^c22750721]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 17E(7)](https://www.legislation.gov.uk/ukpga/1998/17/section/17E/7) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 4 para. 4](https://www.legislation.gov.uk/uksi/2000/1937/schedule/4/paragraph/4))
[^c22750881]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 8(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/8/2)
[^c22750901]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/20); and s. 416(2)-(6) applied by that para. 20 as amended by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 20 paras. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/15)
[^c22750921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 33(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/33/5)
[^c22752431]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch.15 para. 11(2D)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/11/2D/a) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 41(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/41/2))
[^c22752451]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 59(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/59/4)
[^c23457571]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 10(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/10/3) (as substituted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/3))
[^c23457581]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/11/paragraph/4/2); [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23481311]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 784(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/784/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21599211]: Source—1970 s.302(2)-(4); 1972 Sch.17 5
[^c21599221]: Source—1970 s.302(5), (6)
[^c21599351]: *Definition of* “participator”,*excluding* “loan creditor”,*applied for purposes of* 1979(C) s.149 (*capital gains tax relief on disposals to employee trusts*).*Definition of* “participator” *applied for purposes of*—1988 s.168(11)—*directors etc.*1988 s.187(3)—*share option and profit sharing schemes.*1988 s.360A—*loan to buy interest in close company.*1989 Sch.5—*employee share ownership trusts.*
[^c21599361]: In s. 417(1): definition of 'participator' applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89](https://www.legislation.gov.uk/ukpga/1991/31/section/89), [Sch. 16 paras. 4(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/4/10), [10(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/10), [11(11)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/11/11) and applied by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(12)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/12/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599371]: Source—1970 s.303(1), (2)
[^c21599381]: *See* s.360(4)(b)*ante with regard to loans made before* 14*November* 1986.
[^c21599391]: *Definition of* “associate” *applied for purposes of:*—1988 s.168 (Ch.II Part V) (*expenses of directors and others*).1988 s.312 (Ch.III Part VII) (*Business Expansion Scheme*).1989 Sch.5 para.16—*employee share ownership trusts.*
[^c21599411]: Source—1970 s.303(4)-(6)
[^c21599421]: *Definition applied for purposes of* 1988(F) s.131—*penalties; and* 1989 s.134—*non-payment of tax by non-residents.*
[^c21599431]: *Definition applied for purposes of* 1989 Sch.12 Pt.I—*close companies: administrative provisions.*
[^c21599441]: Source—1970 s.303(7)
[^c21599451]: Source—1970 s.303(8); 1972 Sch.17 7
[^c21599461]: Source—1970 s.303(7)
[^c21599401]: Source—1970 s.303(3); 1970(F) Sch.5 Part III 12(4); 1987 s.37(1)
[^c23481041]: Words in [s. 417(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [72](https://www.legislation.gov.uk/uksi/2005/3229/regulation/72)
[^c23481331]: [S. 417](https://www.legislation.gov.uk/ukpga/1988/1/section/417) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23481371]: [S. 417(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/1) applied (with modifications) (with effect in accordance with Sch 15 paras. 97, 98 of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 15 para. 82(5)(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/15/paragraph/82/5/6)
[^c23481161]: Words in [s. 417(3)(b)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b/c/i) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23481141]: Words in [s. 417(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 12(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c21599471]: Source—1970 s.284(1)
[^c21599481]: Source—1970 s.284(2)
[^c21599491]: Source—1970 s.284(2)(a); 1976 Sch.9 15
[^c21599501]: 1989 s.53(2)(f).*Previously* “director's or higher-paid employment (within the meaning of section 167)”.
[^c21599511]: Source—1970 s.284(2)(aa); 1980 s.51(4)
[^c21599521]: Source—1970 s.284(2)(b); 1976 Sch.9 15; 1977 s.35(4)
[^c21599531]: Source—1970 s.284(3); 1976 Sch.9 16
[^c21599541]: Source—1970 s.284(4)-(7)
[^c23457471]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457491]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457511]: Words in [s. 418(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457531]: Words in [s. 418(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481061]: Words in [s. 418(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [73](https://www.legislation.gov.uk/uksi/2005/3229/regulation/73)
[^c21599551]: *See* 1989 s.107*and* Sch.12—*close companies: administrative provisions.*
[^c21599561]: *See* 1970(M) s.109—*application of* s.419*to corporation tax enactments generally.*
[^c21599571]: [S. 419(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1/3): 30.9.1993 appointed for the purposes of s. 419(1)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21599581]: Source—1970 s.286(1); 1972 Sch.17 3(2); 1987 (No.2) s.90(3)
[^c21599591]: Source—1970 s.286(2)
[^c21599621]: Source—1970 s.286(5); 1972 Sch.17 3(4); 1986 s.43(2); 1976 s.44
[^c21599631]: Source—1970 s.286(7)-(9)
[^c22746021]: [S. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/2)
[^c22746081]: [S. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/3)
[^c22767981]: Words in [s. 419(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/6) repealed (with effect in accordance with s. 173(6) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/4), [Sch. 41 Pt. 5(29)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/29), Note
[^c22748711]: Words in [s. 419(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1) substituted (with effect in accordance with [Sch. 3 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/2)
[^c22748911]: Words in [s. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748731]: Word in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) renumbered as s. 419(4)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/a)
[^c22748771]: [S. 419(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/b)
[^c22748871]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 47(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/3), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748761]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/c)
[^c22748801]: Word in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) renumbered as s. 419(4A)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/a)
[^c22748821]: [S. 419(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/b)
[^c22748841]: Words in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/c)
[^c22748891]: [S. 419(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4B) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21599641]: Source—1970 s.286(2)
[^c21599651]: Source—1970 s.286(3), (9); 1971 s.25(5); 1972 Sch.17 3(3)
[^c21599661]: Words omitted where the loan first mentioned in s. 420(2) is made on or after 6 April 1990-see 1988(F) s. 35 and Sch. 3 para. 16.
[^c21599701]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/4/a/5)
[^c22747651]: Words in [s. 421(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a/b) substituted (with effect in accordance with [Sch. 4 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/1/a)
[^c23480921]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480941]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480961]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480981]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481001]: Words in [s. 421(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480861]: [S. 421(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/c/d) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480891]: [S. 421(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481181]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/13), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21599751]: Source—1970 s.287A 1976 s.44(2)
[^c22770741]: Source—1970 s.323(1); 1973 s.40(7); 1982 s.58(7)
[^c22770761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (31.7.1992 with effect as mentioned in reg. 1 of the modifying S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [5](https://www.legislation.gov.uk/uksi/1992/1655/regulation/5) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [6](https://www.legislation.gov.uk/uksi/1993/3111/regulation/6); and as further amended (19.3.1997) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1997 (S.I. 1997/471)](https://www.legislation.gov.uk/uksi/1997/471), [regs. 1](https://www.legislation.gov.uk/uksi/1997/471/regulation/1), [6](https://www.legislation.gov.uk/uksi/1997/471/regulation/6))
[^c22770771]: Source—1970 s.323(2); 1970(F) Sch.5 Pt.III 11(4)
[^c22770791]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770811]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/4)
[^c22770831]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770851]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770861]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770871]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in the definition of "overseas life insurance company" substituted (27.7.1993 as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/1/3/4)
[^c22770881]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" inserted (27.7.1993 with effect in relation to accounting periods beginning after 31.12.1992) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 99(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/99/2/3)
[^c22770901]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770911]: [S. 431(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(3)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/3)
[^c22855041]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "general annuity business" and "pension business" repealed (with effect in accordance with Sch. 8 para. 57, Sch. 29 Pt. 8(5) Notes 2, 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22855071]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855011]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22854971]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance company" substituted (with effect in accordance with [s. 52(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/1)
[^c22854991]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855031]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "linked assets" substituted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/1)
[^c22855091]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "offshore income gain" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life asurance business" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance business" inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855111]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word following the definition of "overseas life assurance company" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22854981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "pension business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855131]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "policy holders' fraction" and "shareholders' fraction" inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch.8 para.1](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/1) and repealed (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 6
[^c22855021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855121]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855141]: [S. 431(2A)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855431]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (20.3.1997 with effect as mentioned in reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/1997/473/regulation/6) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3629/regulation/1), [156](https://www.legislation.gov.uk/uksi/2001/3629/regulation/156), [165(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/regulation/165/2/b); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [4](https://www.legislation.gov.uk/uksi/2003/23/regulation/4); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [6](https://www.legislation.gov.uk/uksi/2004/822/regulation/6); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/2005/regulation/5))
[^c22855441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (20.3.1997 with effect as mentioned in reg. 7(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/1997/473/regulation/7)
[^c22855401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "industrial assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "ordinary long term business" and "ordinary life assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" repealed (with effect in accordance with Sch. 6 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/5/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22855471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [7](https://www.legislation.gov.uk/uksi/1998/1871/regulation/7)
[^c22855481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [5](https://www.legislation.gov.uk/uksi/1999/498/regulation/5)
[^c22855491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/a), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22855501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "contract of insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/2)
[^c22855521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "insurance business transfer scheme" and "insurance company" substituted for definition of "insurance company" (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/3)
[^c22855541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term business" substituted for definition of "long term business" (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/5)
[^c22855581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/b)
[^c22855591]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/a)
[^c22855551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" inserted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/6)
[^c22855561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "periodical return" substituted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/7)
[^c22855571]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Prudential Sourcebook (Insurers)" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/8)
[^c23572411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "brought into account" inserted (with effect in accordance with [Sch. 33 para. 20(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/2)
[^c23572451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" inserted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 25](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/25)
[^c23572471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "period of account" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 29](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/29)
[^c23572431]: [S. 431(2ZA)-(2ZE)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZA) inserted (with effect in accordance with [Sch. 33 para. 22(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 22(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/1)
[^c23572491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "annuity business" inserted (with effect in accordance with [s. 147(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/2)
[^c23572551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [5](https://www.legislation.gov.uk/uksi/2004/2680/regulation/5); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23572511]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "annuity business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 175](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/175) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23573041]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2005/2014/regulation/6) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2134/regulation/6); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(2)(3)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/2/3), [4](https://www.legislation.gov.uk/uksi/2008/1937/regulation/4))
[^c23572961]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" inserted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/2)
[^c23572981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "liabilities" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/3)
[^c23573021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" repealed (with effect in accordance with Sch. 9 para. 2(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/4), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10), Note 1
[^c23573001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "value" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/5)
[^c23573061]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "free assets amount" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/a)
[^c23573101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/b)
[^c23573081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "shareholders' excess assets" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/c)
[^c23573121]: Word at the end of s. 431(2ZB)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/a)
[^c23573201]: Words in [s. 431(2ZB)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/b)
[^c23573161]: [S. 431(2ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/c)
[^c23573221]: Words in [s. 431(2ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/d)
[^c23573141]: Word at the end of s. 431(2ZC)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/a)
[^c23573241]: Words in [s. 431(2ZC)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/b)
[^c23573181]: [S. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/c)
[^c23573261]: Words in [s. 431(2ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/d)
[^c23573281]: Word in [s. 431(ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/ZB/d) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [art. 2](https://www.legislation.gov.uk/uksi/2006/1358/article/2)
[^c23573311]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "General Prudential Sourcebook" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/a)
[^c23573351]: [2000 c. 8](https://www.legislation.gov.uk/ukpga/2000/8)
[^c23573361]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "insurance company" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/b)
[^c23573331]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "the Insurance Prudential Sourcebook" and "insurance special purpose vehicle" inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/c)
[^c23573381]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(d)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/d)
[^c23573401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (a) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(i)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/i)
[^c23573421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in para. (b) of definition of "liabilities" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/e/ii)
[^c23573441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "value" substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(2)(f)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/2/f)
[^c23582841]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/a)
[^c23582861]: Word in [s. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [4(3)(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/4/3/b)
[^c23594271]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/3)
[^c23595711]: [S. 431A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/431A/5) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/1/2/a), [Sch. 26 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/14)
[^c21600341]: See 1989 ss.82-92 for changes made by Finance Act 1989 and 1990 ss.41-48 for changes made by Finance Act 1990.
[^c23596011]: [S. 431B](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 20](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/20) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(2)-(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/2)(7)) ( with Sch. 36)
[^c22783381]: [S. 431C](https://www.legislation.gov.uk/ukpga/1988/1/section/431C) modified (with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 11](https://www.legislation.gov.uk/uksi/1995/1730/regulation/11) (as amended by: [S.I. 1996/1621](https://www.legislation.gov.uk/uksi/1996/1621), [regs. 1](https://www.legislation.gov.uk/uksi/1996/1621/regulation/1), [5](https://www.legislation.gov.uk/uksi/1996/1621/regulation/5); [S.I. 2003/2573](https://www.legislation.gov.uk/uksi/2003/2573), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2003/2573/regulation/10); [S.I. 2007/2087](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2087/regulation/6))
[^c22804931]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c23596121]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22804951]: [S. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c22806101]: Words in [s. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/1) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c22806141]: [S. 431D(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2) substituted for s. 431D(2)-(8) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/2) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c23596171]: [S. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23596131]: Words in [s. 431D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 176](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/176) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22804971]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [9](https://www.legislation.gov.uk/uksi/1998/1871/regulation/9)
[^c23599481]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [7](https://www.legislation.gov.uk/uksi/2004/2680/regulation/7); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22786001]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432): word in sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771521]: Source—1970 s.307
[^c22857411]: Words in [s. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794391]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (20.3.1997 with effect in accordance with reg. 8(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [8(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/8/2)
[^c23602111]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2005/2014/regulation/8) (and that modifying reg. 8 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2007/2134/regulation/8))
[^c22789521]: [S. 432(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432/2) repealed (with effect in accordance with s. 167(10), Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/1), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22807851]: Words in [s. 432ZA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/1)
[^c22807871]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/2)
[^c22811311]: Words in [s. 432ZA(2)(a)(b)(3)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/2/a/b/3/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/b)
[^c23607281]: Words in [s. 432ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/1) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 4(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/4/2)
[^c22771551]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (3.5.1994) by Finance Act 1994, (c. 9), s. 169, Sch. 18 para 1(4)
[^c22771561]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 6-8](https://www.legislation.gov.uk/uksi/1992/1655/regulation/6) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [7](https://www.legislation.gov.uk/uksi/1993/3111/regulation/7); and as further amended (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/1916/regulation/5))
[^c22857421]: [S. 432A(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/2)
[^c22857431]: Words in [s. 432A(5)(6)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5/6/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857451]: [S. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857461]: [S. 432A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771691]: [S. 432A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/10) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/a), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (8), Note
[^c22789591]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793961]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para 19](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/19)
[^c22794411]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1997/473/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/473/regulation/13) (as amended by: [S.I. 2000/2710](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2710/regulation/4); [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1](https://www.legislation.gov.uk/uksi/2001/3629/article/1), [157](https://www.legislation.gov.uk/uksi/2001/3629/article/157), [165](https://www.legislation.gov.uk/uksi/2001/3629/article/165); [S.I. 2001/3975](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [4](https://www.legislation.gov.uk/uksi/2001/3975/regulation/4); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [5](https://www.legislation.gov.uk/uksi/2003/23/regulation/5), [6](https://www.legislation.gov.uk/uksi/2003/23/regulation/6); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [8](https://www.legislation.gov.uk/uksi/2004/822/regulation/8), [9](https://www.legislation.gov.uk/uksi/2004/822/regulation/9); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/2005/regulation/6))
[^c22794451]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [10-12](https://www.legislation.gov.uk/uksi/1997/473/regulation/10)
[^c22804991]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [10](https://www.legislation.gov.uk/uksi/1998/1871/regulation/10)
[^c22789551]: [S. 432A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/d) substituted for s. 432A(2)(d)(e) (with effect in accordance with [s. 167(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/2)
[^c22806261]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3A/5) (as inserted (with effect in accordance with s. 109(10) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/8))
[^c22811141]: Words in [s. 432A(1)(a)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1/a/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/c)
[^c22811191]: Words in [s. 432A(2)(f)(8)(a)(b)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/f/8/a/b/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/c)
[^c22806161]: Words in [s. 432A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/a)
[^c22806181]: Words in [s. 432A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/a)
[^c22857471]: [S. 432A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/a)
[^c22806231]: [S. 432A(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A/9B) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/6)
[^c22813061]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 138(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/138/2/3)
[^c23603801]: Words in [s. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) substituted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 26](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/26)
[^c23603821]: [S. 432A(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9B) repealed (with effect in accordance with Sch. 43 Pt. 3(12), Note 1 of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23603841]: Words in [s. 432A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/2)
[^c23603861]: [S. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/3)
[^c23603901]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [8](https://www.legislation.gov.uk/uksi/2004/2680/regulation/8); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23603881]: Words in [s. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/4)
[^c23603931]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [9](https://www.legislation.gov.uk/uksi/2007/2134/regulation/9); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2008/1937/regulation/6))
[^c23603911]: Word in [s. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) substituted (with effect in accordance with [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/4/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/4/2)
[^c23604121]: Words in [s. 432A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/a)
[^c23604741]: Words in [s. 432A(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/i) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/b/i)
[^c23605001]: Words in [s. 432A(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/i) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/b/ii)
[^c23605251]: Word at the end of s. 432A(6)(a)(i) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/c)
[^c23605731]: [S. 432A(6)(a)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/ii/iii) substituted for s. 432A(6)(a)(ii) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/d)
[^c23605841]: Words in [s. 432A(6)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/b/ii) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(e)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/e)
[^c23605861]: [S. 432A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6A) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/3)
[^c23605881]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/a)
[^c23605901]: Word at the end of s. 432A(7)(a) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/b)
[^c23605921]: [S. 432A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/c)
[^c23605951]: [S. 432A(8)-(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted for s. 432A(8) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(5)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/5)
[^c23605971]: Words in [s. 432A(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9/b) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(6)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/6/a)
[^c23605991]: Words in [s. 432A(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9/b) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(6)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/6/b)
[^c23606011]: Words in [s. 432A(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8B) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [5](https://www.legislation.gov.uk/uksi/2006/3270/article/5)
[^c22771711]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 9](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [8](https://www.legislation.gov.uk/uksi/1993/3111/regulation/8))
[^c22771721]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [10](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10)
[^c22771731]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [9(1)](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9/1)
[^c22786291]: Words in [s. 432B(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1/2) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786071]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786091]: [S. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786361]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23613901]: Word in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 19(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/1)
[^c23613921]: [S. 432B(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 6(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/6/2)
[^c23613941]: [S. 432B(8)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/8) substituted for s. 432B(8) (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(2)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/2)
[^c23613961]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "relevant fraction" inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(a)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/a)
[^c23613981]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in definition of "the section 83 net amount" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(b)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/b)
[^c23614001]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/i)
[^c23614021]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess gains" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/c/ii)
[^c23614041]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (a) of definition of "shareholders' excess income" inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(d)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/d)
[^c23614061]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): para. (a) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/i)
[^c23614081]: [S. 432B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/9): words in para. (b) of definition of "shareholders' excess losses" substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(3)(e)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/3/e/ii)
[^c23614101]: Words in [s. 432B(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/i)
[^c23614121]: [S. 432B(11)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/ii)
[^c23614141]: [S. 432B(11)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iii)
[^c23614161]: Words in [s. 432B(11)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/ii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/iv)
[^c23614181]: Words in [s. 432B(11)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/a/iii) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(a)(v)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/a/v)
[^c23614201]: Words in [s. 432B(11)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/i)
[^c23614221]: [S. 432B(11)(b)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ia) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/ii)
[^c23614241]: Words in [s. 432B(11)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iii)
[^c23614261]: Words in [s. 432B(11)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/b/iii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(b)(iv)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/b/iv)
[^c23614281]: Words in [s. 432B(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(i)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/i)
[^c23614301]: [S. 432B(11)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/i) substituted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/ii)
[^c23614321]: Words in [s. 432B(11)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/11/c/ii) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/4/c/iii)
[^c23614341]: [S. 432B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/12) inserted (9.6.2006 with effect in accordance with art. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [3(5)](https://www.legislation.gov.uk/uksi/2006/1358/article/3/5)
[^c23614401]: Words in [s. 432B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4/b) repealed (with effect in accordance with Sch. 11 para. 1(2)(b) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/1/2/b), [Sch. 26 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/14), Note
[^c22771751]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771761]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 110](https://www.legislation.gov.uk/uksi/1992/1655/regulation/110)
[^c22805031]: [S. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [12](https://www.legislation.gov.uk/uksi/1998/1871/regulation/12)
[^c22786641]: Word in [s. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787721]: Words in [s. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 14(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787841]: Words in [s. 432C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/2) inserted (with effect in accordance with [Sch. 8 para. 55(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787741]: Words in [s. 432C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 14(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787801]: [S. 432C(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/5/a) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 14(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/5), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2 (with Sch. 8 para. 55(2))
[^c22787821]: [S. 432C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/6) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 14(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22807791]: Words in [s. 432C(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/b)
[^c22807801]: Words in [s. 432C(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/b)
[^c22865961]: [S. 432C(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/b)
[^c22807811]: Words in [s. 432C(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/5/b) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/7)
[^c23615071]: [S. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [10](https://www.legislation.gov.uk/uksi/2004/2680/regulation/10); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22771811]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22805071]: [S. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [12](https://www.legislation.gov.uk/uksi/1998/1871/regulation/12)
[^c22786651]: Words in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787861]: Words in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787881]: Words in [s. 432D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787901]: [S. 432D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/4) substituted for s. 432D(3) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22807831]: Words in [s. 432D(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/c)
[^c22807841]: Words in [s. 432D(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/c)
[^c22865981]: [S. 432D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/c)
[^c22811281]: Word in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(f)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/f)
[^c23615311]: [S. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [10](https://www.legislation.gov.uk/uksi/2004/2680/regulation/10); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23615261]: Words in [s. 432D](https://www.legislation.gov.uk/ukpga/1988/1/section/432D) inserted (with effect in accordance with [Sch. 33 para. 9(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/9/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 9(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/9/1)
[^c22771841]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22786121]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786151]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22786391]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786701]: Words in [s. 432E(3)(a)(b)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a/b/6/a) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771851]: *For orders see* Part III Vol.5 (*under* “*Life assurance apportionment of participating funds: applicable percentage*”).
[^c22786411]: Words in [s. 432E(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/5) inserted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22866001]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/1997/473/regulation/14) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [10](https://www.legislation.gov.uk/uksi/2004/822/regulation/10))
[^c22795741]: [S. 432E(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/6/b) and preceding word repealed (with effect in accordance with Sch. 3 para. 2(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/2/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23615391]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 33 para. 10(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/2)
[^c23615431]: [S. 432E(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/a) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615451]: Words in [s. 432E(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/b) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615411]: [S. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 33 para. 10(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/4)
[^c23615471]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) added (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3266/article/3/2)
[^c23615551]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2005/2014/regulation/12) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [12](https://www.legislation.gov.uk/uksi/2007/2134/regulation/12))
[^c23615491]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/a)
[^c23615511]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inerted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/b)
[^c23615531]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/3)
[^c23615561]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/2)
[^c23615581]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/2/3)
[^c22794531]: [S. 432F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/1997/473/regulation/15); and that modifying reg. 15 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 11](https://www.legislation.gov.uk/uksi/2004/822/regulation/11)
[^c22805921]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13A](https://www.legislation.gov.uk/uksi/1997/473/regulation/13A) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c22805011]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [11](https://www.legislation.gov.uk/uksi/1998/1871/regulation/11)
[^c23613561]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/2014/regulation/10) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2007/2134/regulation/11); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2008/1937/regulation/8))
[^c22811251]: Words in [s. 432AA(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/2/3/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/d)
[^c23613551]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [9](https://www.legislation.gov.uk/uksi/2004/2680/regulation/9); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811271]: Word in [s 432AA(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/d)
[^c22805941]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13B](https://www.legislation.gov.uk/uksi/1997/473/regulation/13B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c23613711]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2005/2014/regulation/11)
[^c23613691]: [S. 432AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 17(2)
[^c23601861]: [S. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 12](https://www.legislation.gov.uk/uksi/1995/1730/regulation/12) (as amended (13.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment) Regulations 2007 (S.I. 2007/2087)](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2007/2087/regulation/8))
[^c23602081]: [S. 431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2007/2134/regulation/7); and as amended by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [5](https://www.legislation.gov.uk/uksi/2008/1937/regulation/5))
[^c22771881]: [S. 434](https://www.legislation.gov.uk/ukpga/1988/1/section/434) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22787961]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/19/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788001]: [S. 434(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/2/7) repealed (with effect in accordance with Sch. 29 Pt. 8(5) Note 2 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22771941]: [S. 434(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/3A) substituted for s. 434(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/3/1)
[^c22772001]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/4)
[^c22772011]: Source—1970 s.310(6)
[^c22772021]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772031]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772061]: 1990 s.45(7).
[^c22772071]: Word at the end of s. 434(6A)(a) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5), [Sch. 26 pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22772081]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5)
[^c22795751]: [S. 434(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1) (with effect in accordance with [Sch. 3 para. 3(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 3(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/2)
[^c22795821]: [S. 434(1)(1A)(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1/1A/1C/1D) restricted by ([Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65](https://www.legislation.gov.uk/ukpga/1992/48/section/65) (as amended (31.7.1997) by ([Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 15](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/15))
[^c22795841]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) repealed (with effect in accordance with Sch. 6 para. 3(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22795881]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) repealed (with effect in accordance with Sch. 6 para. 6(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801461]: [S. 434(3)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/6/8) repealed (with effect in accordance with Sch. 3 para. 25(5)(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 25(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/25/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23635561]: Words in [s. 434(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3A) substituted (with effect in accordance with [Sch. 33 para. 12(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/2)
[^c23635581]: Words in [s. 434(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/b) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/a)
[^c23635601]: [S. 434(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/177), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22788031]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 20(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/20/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874051]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/a/2)
[^c22874131]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874121]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/3)
[^c22870371]: [S. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874071]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/b)
[^c22871451]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22796071]: [S. 434A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/1) repealed (with effect in accordance with Sch. 3 para. 4(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/4/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22874141]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/a)
[^c22807891]: Words in [s. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/b)
[^c23635731]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/b)
[^c23635771]: [S. 434A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/i) repealed (with effect in accordance with s. 38(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/4), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22772201]: Source—1970 s.312(1); 1970(F) Sch.5 Part III 11(3)
[^c22772211]: Words in [s. 436(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/1) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/1/a), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt.V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 3
[^c22772221]: Words in [s. 436(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/1/a) substituted (for accounting periods beginning on or after 1. 1. 1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/1/b), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22772231]: *See also* 1989 s.43—*certain Sch.D computations involving emoluments.*
[^c22772241]: Source—1970 s.312(2), 314(5); 1970(F) Sch.5 Part III 11(6)(a)(b); 1972 Sch.18 5(1)(a)
[^c22772251]: 1989 s.84*and* Sch.8 para.6*and, subject to* s.84(6)*deemed to have come into force on* 14*March* 1989.*Previously* “section 433”.
[^c22789841]: [S. 436(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/aa) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772271]: *Words repealed by* 1989 ss.87(4)*and* 187*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990. (See 1989 s.87(5)*in relation to straddling periods*).
[^c22772281]: Words in [s. 436(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/c) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/2/a), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18) Sch. 19 Pt. V, Note 3
[^c22772311]: Source—1970 s.312(3); 1970(F) Sch.5 Part III 11(3)
[^c22772321]: Words in [s. 436(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/4) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772331]: Source—1985 s.72(7)
[^c22794611]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/1997/473/regulation/19), [20](https://www.legislation.gov.uk/uksi/1997/473/regulation/20) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [12](https://www.legislation.gov.uk/uksi/2004/822/regulation/12), [14](https://www.legislation.gov.uk/uksi/2004/822/regulation/14))
[^c22789851]: [S. 436(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/aa) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/a), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c22805111]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [13](https://www.legislation.gov.uk/uksi/1998/1871/regulation/13)
[^c22805131]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 19A](https://www.legislation.gov.uk/uksi/1997/473/regulation/19A), [20A](https://www.legislation.gov.uk/uksi/1997/473/regulation/20A) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(3)(4)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/3/4), and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [13](https://www.legislation.gov.uk/uksi/2004/822/regulation/13), [15](https://www.legislation.gov.uk/uksi/2004/822/regulation/15))
[^c22796091]: [S. 436(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/d/e) repealed (with effect in accordance with Sch. 3 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/5/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23638571]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [11](https://www.legislation.gov.uk/uksi/2004/2680/regulation/11); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23637171]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13) (which modifying reg. 13 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [13](https://www.legislation.gov.uk/uksi/2007/2134/regulation/13))
[^c23636081]: Words in [s. 436(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/3/a)
[^c23636521]: Words in [s. 436(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c22783461]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 10A](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10A) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772351]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772361]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772371]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772381]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22788141]: [S. 437(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/6) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22794651]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/1997/473/regulation/21) ( as amended (31.12.1997) with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment No. 2) Regulations 1997 (S.I. 1997/2877)](https://www.legislation.gov.uk/uksi/1997/2877), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/2877/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/1997/2877/regulation/4))
[^c22874681]: [S. 437(1A)-(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1) (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/5), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22794021]: [S. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1A)(1B) (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/1)
[^c22794041]: Words in [s. 437(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c22794061]: [S. 437(1CA)-(1CD)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1CA) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c23648521]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/9)
[^c23648541]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 18
[^c23648621]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2005/2014/regulation/14)
[^c23648561]: Words in [s. 437(1C)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648601]: Word at the end of s. 437(1C)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648581]: [S. 437(1C)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/d) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22772391]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/5)
[^c22772401]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22772411]: Source—1970 s.314(1); 1970(F) Sch.5 Part III 11(3), (6)(c)
[^c22772421]: Source—1970 s.314(2)
[^c22772441]: [S. 438(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3AA) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/2)
[^c22772501]: 1990 s.45(9).
[^c22772511]: [S. 438(6B)-(6E)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/6B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/4)
[^c22788391]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22805151]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [14](https://www.legislation.gov.uk/uksi/1998/1871/regulation/14) (and as substituted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2075/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2075/regulation/4))
[^c22800601]: [S. 438(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3/3AA) repealed (with effect in accordance with Sch. 3 para. 6(7) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800821]: [S. 438(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/4) substituted (with effect in accordance with [Sch. 3 para. 6(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/3)
[^c22800631]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)-(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note (with Sch. 3 para. 13(17))
[^c22800771]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)(8), Sch. 8 Pt. 2(6) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22800781]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) repealed (with effect in accordance with Sch. 3 para. 6(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/6), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811361]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(e)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/e)
[^c23653041]: [S. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [12](https://www.legislation.gov.uk/uksi/2004/2680/regulation/12); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23652951]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/9/1/a)
[^c23652971]: [S. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note
[^c22772561]: 1990 s.41*and* Sch.6 para.7*on and after* 1*January* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “(1) This section applies where for any accounting period—(a) any division falls to be made between the pension business and any other kind of long-term business of an insurance company, and (b) any of the income or gains or losses of the company for that period relate to restricted government securities; and where this section applies section 431(3) shall have effect subject to the provisions of this section. (2) All income, gains or losses of the company which relate to restricted government securities shall be referred to its pension business. (3) Where the division of the other income, gains or losses of the company is made by reference to the liabilities at any time in the accounting period which are referable to pension business or to two or more kinds of business including pension business, those liabilities shall be treated as reduced by the appropriate amount. (4) In subsection (3) above “the appropriate amount” means—(a) in a case in which the total liabilities of the company at the time in question which are referable to long-term business are less than the market value at that time of the investments and deposits held by the company relating to all such business, such proportion of the market value of the restricted government securities held by the company at that time as those liabilities bear to the market value of those investments and deposits, and (b) in any other case, the market value of the restricted government securities at that time. (5) In this section— “long-term business” has the same meaning as in section 1(1) of the Insurance Companies Act 1982;”.
[^c22772571]: Source—1982 s.58(1), (3)
[^c22772581]: Source—1982 s.58(4)
[^c22772591]: Source—1982 s.58(5)
[^c22772601]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22772611]: Source—1982 s.58(6)
[^c22772621]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22789871]: Word at the end of s. 439B(3)(a) added (with effect in accordance with [Sch. 31 para. 10(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/10/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/2)
[^c22789891]: [S. 439B(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/b) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/b), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c22799881]: [S. 439B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/7) repealed (with effect in accordance with Sch. 3 para. 7(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/7/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23653111]: Words in [s. 439B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/a)
[^c23653131]: Words in [s. 439B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c23653151]: Words in [s. 439B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/6) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/9/1/b)
[^c22772631]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22789381]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg 10C](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10C) (as inserted (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772641]: [S. 440(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1) excluded (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/6/4)
[^c22772661]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 4](https://www.legislation.gov.uk/uksi/1995/171/regulation/4), [5](https://www.legislation.gov.uk/uksi/1995/171/regulation/5) (as amended (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [3](https://www.legislation.gov.uk/uksi/1997/472/regulation/3))
[^c22772681]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788831]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/5/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788861]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/57/1) of the amending Act) by Finance Act 1995, Sch. 8 para. 5(3), s. 55(2)
[^c22772751]: Words in [s. 440(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788881]: [S. 440(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/6) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794671]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/1997/473/regulation/22) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/1), [165(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/d); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [18](https://www.legislation.gov.uk/uksi/2004/822/regulation/18))
[^c22794691]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/1997/473/regulation/23) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/2)); and that modifying reg. 23 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 19](https://www.legislation.gov.uk/uksi/2004/822/regulation/19)
[^c22794871]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 4A(3) of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A(1)(2)(a)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A/1/2/a) (as inserted (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c22790111]: [S. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/25) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22794711]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending Regulations) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/1997/473/regulation/24), [25](https://www.legislation.gov.uk/uksi/1997/473/regulation/25); and that modifying reg. 25 is omitted (8.4.2004 with effect in accordance with regs. 1, 20(2) of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 20(1)](https://www.legislation.gov.uk/uksi/2004/822/regulation/20/1)
[^c22805171]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [15](https://www.legislation.gov.uk/uksi/1998/1871/regulation/15)
[^c22812611]: [S. 440(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2/a) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 28(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 28(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/28/1)
[^c22811381]: Words in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/g)
[^c22813141]: [S. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/5) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23653211]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2005/2014/regulation/16) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [16](https://www.legislation.gov.uk/uksi/2007/2134/regulation/16))
[^c23653171]: Words in [s. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/3) of the amending Act (which is amended (retrospectively) by FA 2005 (c. 7), Sch. 4 para. 50, Sch. 11 Pt. 2(7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 43](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/43)
[^c23653191]: Words in [s. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/3) of the amending Act (which is amended (retrospectively) by FA 2005 (c. 7), Sch. 4 para. 50, Sch. 11 Pt. 2(7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 70](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/70)
[^c23653221]: [S. 440(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/a) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [13](https://www.legislation.gov.uk/uksi/2004/2680/regulation/13); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22794751]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [26](https://www.legislation.gov.uk/uksi/1997/473/regulation/26), [27](https://www.legislation.gov.uk/uksi/1997/473/regulation/27); and that modifying reg. 27 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 21](https://www.legislation.gov.uk/uksi/2004/822/regulation/21)
[^c22788901]: [S. 440A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a) substituted for s. 440A(2)(a)(b) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772811]: *See* 1990 s.41*and* Sch.6 para.12(2)—subs.(d)*omitted for period* 1*January* 1990*to* 19*March* 1990*inclusive.*
[^c22772821]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772851]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772861]: Words in [s. 440A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22772871]: [S. 440A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788931]: [S. 440A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/7) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874781]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [14](https://www.legislation.gov.uk/uksi/1992/1655/regulation/14), [15](https://www.legislation.gov.uk/uksi/1992/1655/regulation/15) (as amended (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5))
[^c22874791]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [16](https://www.legislation.gov.uk/uksi/1992/1655/regulation/16) (as substituted (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/1993/3111/regulation/10))
[^c22805191]: [S. 440A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [16](https://www.legislation.gov.uk/uksi/1998/1871/regulation/16)
[^c22802301]: Words in [s. 440A(3)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/3/4/6) substituted (with effect in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/a)
[^c23653411]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2005/2014/regulation/17) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [17](https://www.legislation.gov.uk/uksi/2007/2134/regulation/17))
[^c23653421]: [S. 440A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [14](https://www.legislation.gov.uk/uksi/2004/2680/regulation/14); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811391]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/h)
[^c22790131]: [S. 440B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A) inserted (with effect in accordance with [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/1)
[^c22799901]: [S. 440B(1A)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A/2) repealed (with effect in accordance with Sch. 3 para. 8(4)(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 8(2)(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/8/2/3), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811401]: Words in [s. 440B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/i)
[^c22811411]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/g)
[^c22772901]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22788971]: Words in [s. 441(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/1) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/30), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22786221]: [S. 441(4)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/aa) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788991]: [S. 441(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/7) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2 (with Sch. 8 para. 55(2))
[^c22794791]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [28](https://www.legislation.gov.uk/uksi/1997/473/regulation/28) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [22](https://www.legislation.gov.uk/uksi/2004/822/regulation/22))
[^c22874931]: Word at the end of s. 441(4)(a) added (with effect in accordance with [Sch. 31 para. 10(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/10/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/2)
[^c22790161]: [S. 441(4)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/aa) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/c), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c23653971]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [18](https://www.legislation.gov.uk/uksi/2005/2014/regulation/18); and that modifying reg. 18 is omitted (14.8.2007 with effect in accordance with reg. 1(1)(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [reg. 18(a)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/a)
[^c23653941]: Words in [s. 441(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/1/2) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23653901]: Words in [s. 441(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/a)
[^c23653921]: Words in [s. 441(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c22802371]: [S. 441B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/441B/2A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 41](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/41) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22773031]: Source—1977 s.45(1)—(4); 1979(C) Sch.7
[^c22773051]: [S. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) excluded by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(8)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/8) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22773071]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(24)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/24) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22790191]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) repealed (with effect in accordance with [s. 164(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c23653981]: Words in [s. 442(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/1) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22789421]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) restricted (28.7.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [regs. 9](https://www.legislation.gov.uk/uksi/1995/1730/regulation/9), [10](https://www.legislation.gov.uk/uksi/1995/1730/regulation/10)
[^c22794811]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [29](https://www.legislation.gov.uk/uksi/1997/473/regulation/29)
[^c23654091]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2005/2014/regulation/19)
[^c23654031]: Words in [s. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) substituted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/2)
[^c23654051]: [S. 442A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/3A) inserted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/3)
[^c23654071]: Words in [s. 442A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/4) repealed (with effect in accordance with Sch. 33 para. 23(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/4), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 4
[^c22773131]: Source—1970 s.321(1)(b), (2)
[^c22773191]: Source—1970 s.322
[^c22794831]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [30](https://www.legislation.gov.uk/uksi/1997/473/regulation/30) (as amended (1.12.2001) by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [159](https://www.legislation.gov.uk/uksi/2001/3629/article/159)); and that modifying reg. 30 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 23](https://www.legislation.gov.uk/uksi/2004/822/regulation/23)
[^c22789101]: Words in [s. 444A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/a) inserted (with effect in accordance with [Sch. 9 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789081]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [s. 53(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/53/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/1/3/a)
[^c22789121]: Word in [s. 444A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/b) substituted (with effect in accordance with [s. 53(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/53/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/1/3/b)
[^c22786591]: [S. 444A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3A) inserted (with effect in accordance with [Sch. 8 para. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786611]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22773261]: Words in [s. 444A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(25)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/25) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22811621]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 29(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 29(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/29/1)
[^c22811421]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/h)
[^c23654131]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/2)
[^c23654151]: [S. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/3)
[^c23654171]: Words in [s. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/1)
[^c23654191]: [S. 444A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/2) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(2)
[^c23654211]: Words in [s. 444A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/4) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(3)
[^c23654231]: Word in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/2)
[^c22813021]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) modified (with effect in accordance with regs. 21A(5), 21B(3) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 21A](https://www.legislation.gov.uk/uksi/1997/473/regulation/21A), [21B](https://www.legislation.gov.uk/uksi/1997/473/regulation/21B) (as inserted (1.1.2002) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2001 (S.I. 2001/3975)](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [6](https://www.legislation.gov.uk/uksi/2001/3975/regulation/6)) (and as amended by: [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [7](https://www.legislation.gov.uk/uksi/2003/23/regulation/7); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [16](https://www.legislation.gov.uk/uksi/2004/822/regulation/16), [17](https://www.legislation.gov.uk/uksi/2004/822/regulation/17))
[^c22811371]: Words in [s. 438B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(f)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/f)
[^c23653101]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/2005/2014/regulation/15); and that modifying reg. 15 is omitted (14.8.2007 with effect in accordance with reg. 1(1)(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [reg. 15](https://www.legislation.gov.uk/uksi/2007/2134/regulation/15)
[^c23653071]: [S. 438B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/5/b) repealed (with effect in accordance with Sch. 33 para. 13(11) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(6)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/6/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 3
[^c23653051]: Words in [s. 438B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/5) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(6)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/6/b)
[^c23662061]: [S. 444AA(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA/7) inserted (with effect in accordance with [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/6/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/6/2)
[^c23680301]: [S. 444AB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/5/a) substituted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/2)
[^c23680961]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) inserted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/3)
[^c23680981]: Words in [s. 444AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/4)
[^c23694111]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/b)
[^c23694141]: Words in [s. 444AC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(3)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/3)
[^c23694241]: [S. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) heading substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/5)
[^c23694161]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/a)
[^c23694181]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/b)
[^c23694201]: [S. 444AC(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2A) inserted (with effect in accordance with [Sch. 9 para. 7(6)(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/3)
[^c23694221]: [S. 444AC(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/4) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/4)
[^c23694261]: Words in [s. 444AC(2B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B/a) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/a)
[^c23694281]: Words in [s. 444AC(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2B) inserted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/2/b)
[^c23694301]: Words in [s. 444AC(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2C) substituted (with effect in accordance with [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/3)
[^c23694331]: Words in [s. 444AC(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5/a) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/4)
[^c23694351]: [S. 444AC(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/5A) inserted (with effect in accordance with [Sch. 11 para. 3(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/7) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/3/5)
[^c23694371]: Words in [s. 444AC(2)(2A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/2A/5) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/a)
[^c23694411]: [S. 444AC(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/3) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [6(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/6/b)
[^c23694791]: [S. 444AD(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/a) substituted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/1)
[^c23694831]: [S. 444AD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/6) inserted (with effect in accordance with [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/4/2)
[^c23694851]: Words in [s. 444AD(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/b) substituted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [7](https://www.legislation.gov.uk/uksi/2006/3270/article/7)
[^c23690371]: Words in [s. 444ABA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/5)
[^c23642001]: [S. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 13A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2007/2134/regulation/14))
[^c23642011]: [S. 436A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/436A/3): "83ZA" substituted for "83AB" (with effect in accordance with [Sch. 9 para. 17(2)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/12); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635411]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9)
[^c21604391]: [S. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21604401]: Source—1970 s.324
[^c21604411]: Words in [s. 458(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/16)
[^c22804911]: [S. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 1](https://www.legislation.gov.uk/uksi/1999/498/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [7](https://www.legislation.gov.uk/uksi/1999/498/regulation/7)
[^c22790211]: Words in [s. 458(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/1) inserted (with effect in accordance with [Sch. 33 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 33 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22800031]: Words in [s. 548(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/2) repealed (with effect in accordance with Sch. 6 para. 7(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58). Sch. 6 para. 7(1), Sch. 8 Pt. 2(11), Note
[^c22790231]: [S. 458(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/3) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22812061]: [S. 458(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/3/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 31](https://www.legislation.gov.uk/uksi/2001/3629/article/31)
[^c22875571]: [S. 444BA](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) modified (23.12.1996 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)](https://www.legislation.gov.uk/uksi/1996/2991), [regs. 4-12](https://www.legislation.gov.uk/uksi/1996/2991/regulation/4)
[^c22811681]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c22811641]: Words in [s. 444BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/10) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/3)
[^c22811661]: [S. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/4)
[^c23710921]: Words in [s. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (with effect in accordance with [Sch. 9 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/2)
[^c22811781]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c23711001]: Words in [s. 444BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BB/3/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22798721]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22811831]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811791]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811851]: [S. 444BD(2)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/2/a/i) substituted for s. 444BD(2)(a)(i)(ii) (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/7)
[^c22811871]: Words in [s. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/a)
[^c22811891]: [S. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7): definition of "EC company" and preceding word repealed (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/b)
[^c21604431]: Source—1970 s.331
[^c21604441]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23712981]: Words in [s. 460(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3/b) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(5)(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/5/6)
[^c23715871]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) inserted (retrospectively for specified purposes, and otherwise with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/2), [6(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1/3)
[^c23715891]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21604881]: Source—1970 s.332(1). 1974 s.27(1)(a)
[^c21604891]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604901]: Source—1970 s.333(1)
[^c21604911]: Words in [s. 460(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/a); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604921]: [S. 460(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/aa) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/b); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604931]: Source—1970 s.332(2)(aa); 1987 (No.2) Sch.2 2(1)
[^c21604941]: Source—1970 s.332(2)(a); 1984 s.73(2); 1987 s.30(2)
[^c21604951]: [S. 460(2)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ai) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/3)
[^c21604961]: Words in [s. 460(2)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/i) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/4)
[^c21604971]: 1990 s.49(1)(a) Previously £100
[^c21604981]: 1990 s.49(1)(b).
[^c21604991]: Words in [s. 460(2)(c)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ia) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/5)
[^c21605001]: [S. 460(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ca) and word "and" substituted for word "and" by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(6)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/6)
[^c21605011]: Source—1970 s.332(2)(b)
[^c21605021]: Source—1970 s.332(3); 1987 s.30(3)
[^c21605041]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/a)
[^c21605051]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/b)
[^c21605061]: [S. 460(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(8)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/8)
[^c21605071]: Source—1970 s.332(4); 1975 (No.2) s.52(1); 1980 s.57(1)
[^c21605081]: Words in [s. 460(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/5) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605091]: Source—1970 s.332(5); 1975 (No.2) s.52(1); 1984 s.73(3)
[^c21605111]: Source—1970 s.332(6)—(9); 1975 (No.2) s.52(1)
[^c21605181]: 1990 s. 48 and Sch. 9 para. 6 in relation to transfers of business on or after 1 January 1990
[^c21605201]: Source—1970 s.332(10); 1976 s.48(1)
[^c21605211]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605251]: Source—1970 s.332(12)(a); 1976 s.48(1)
[^c22805211]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(5)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/5))
[^c22765081]: [S. 460(2)(c)(zai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/zai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/2)
[^c22765101]: Words in [s. 460(2)(c)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/3)
[^c22765121]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/4)
[^c22765151]: Words in [s. 460(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/5)
[^c22765171]: Words in [s. 460(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/6)
[^c22808971]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/1)
[^c23712991]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20); and that modifying reg. 20 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [18(b)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/b)
[^c22812121]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/2)
[^c22812141]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) inserted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/3)
[^c22812191]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/a)
[^c22812201]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/b)
[^c21605651]: Source—1970 s.332(1); 1974 s.27(1)(a)
[^c21605661]: Source—1974 s.27(2)
[^c21605671]: Source—1974 s.27(1)(b)
[^c21605681]: Source—1970 s.332(11), (12)(b); 1976 s.48(1)
[^c21605701]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605711]: Source—1974 s.27(3)—(7); 1985 s.41(10); 1987 Sch.15 6
[^c22808991]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch 25 para. 8(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/2)
[^c22812241]: Words in [s. 461(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/a)
[^c22812281]: Word in [s. 461(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/b)
[^c22812321]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/a)
[^c22886541]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/b)
[^c22812351]: Words in [s. 461(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2110/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/a)
[^c22812381]: Words in [s. 461(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/b)
[^c22812401]: [S. 461(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/5)
[^c22812421]: [S. 461(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/11) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/6)
[^c21605871]: Source—1970 s.334(1); 1985 s.41(6)
[^c21605881]: Source—1970 s.336; 1985 Sch.10 Part II
[^c21605891]: Words in [s. 462(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9) par. 8(2) [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605901]: Words in [s. 462(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 8(3) S.I](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/8/3/section/I). 1993/236, art.2
[^c21605981]: *See* 1990 s.50(1)—s.463*was renumbered as* s.463(1).
[^c21605991]: *For regulations see* Part III Vol.5 (*under* “*Friendly Societies*”).
[^c21606001]: Source—1970 s.335(1)
[^c21606011]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/10); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606021]: 1990 s.50(2).
[^c22790281]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) inserted (with effect in accordance with [s. 171(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/5)
[^c22811431]: Words in [s. 463(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/i)
[^c21606281]: [S. 464](https://www.legislation.gov.uk/ukpga/1988/1/section/464): power to amend conferred (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 162](https://www.legislation.gov.uk/ukpga/1993/48/section/162), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S. I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606291]: Source—FSA 1974 s.64(1), (2), (2A), (6); 1985 s.41(1), (2); 1984 s.73(5), (6); 1976/598; FSA 1984 s.2; 1987 s.30(4), (5), (7)
[^c21606301]: Words in [s. 464(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/1/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606321]: 1990 s.49(3), (4) Previously "Kingdom) contracts under which the total premiums payable in any period of 12 months exceed £100 unless all those contracts were entered into before 1st September 1987" and "limit" respectively
[^c21606331]: [S. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/2)
[^c21606341]: Words in [s. 464(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/a) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/3)
[^c21606361]: [S. 464(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/4)
[^c21606381]: [1969 c. 19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21606391]: Words in [s. 464(5)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/d/ii) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606401]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/4); [S. I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22765201]: [S. 464(3)(zza)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/zza) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/2)
[^c22765221]: Words in [s. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/3)
[^c22765241]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/4)
[^c22765261]: Words in [s. 464(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/5)
[^c23718001]: [S. 464(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/21) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21606451]: Source—1985 Sch.10 Part III
[^c21606461]: Words in [s. 465(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/3) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c21606471]: [S. 465(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/6) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.12](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12) ; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23718191]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "tax exempt life or endowment business" substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21606641]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606651]: Definition in s. 466(2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606661]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606671]: Definition of “registrar” in s. 466(2) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) APPENDIX
[^c21606681]: Words in [s. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606691]: Source—1970 s.337(4); 1985 s.41(7)(e)
[^c21606701]: Words in [s. 466(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14)(8; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2))
[^c21606711]: [S. 466(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/5) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(9)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22790301]: [S. 466(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted for s. 466(1) (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/1)
[^c22805251]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [17](https://www.legislation.gov.uk/uksi/1998/1871/regulation/17)
[^c22790321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "insurance company" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/a)
[^c22790341]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "long term business" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/b)
[^c22812631]: Words in [s. 466(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/a)
[^c22812651]: Words in [s. 466(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(b)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/b/i)
[^c22812671]: Words in [s. 466(1)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/d/ii) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(b)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/b/ii)
[^c23718211]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [15](https://www.legislation.gov.uk/uksi/2004/2680/regulation/15); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811461]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "long term business" substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/j)
[^c23718241]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "pension business" repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/2), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23718221]: [S. 466(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2A/2B) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 22(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/22/3) (as amended by [Finance Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 9 para. 18(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/9/paragraph/18/5)) (with Sch. 36)
[^c21605931]: [S. 462A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/9) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22812441]: Word in [s. 461A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/2)
[^c22812461]: [S. 461A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/4) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/3)
[^c22809011]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) inserted (6.4.2001) by Finance Act 2001 (s. 9), s. 76, Sch. 25 para. 8(3)
[^c22812481]: Word in [s. 461B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/4/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 35](https://www.legislation.gov.uk/uksi/2001/3629/article/35)
[^c22811521]: Words in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/a)
[^c22811541]: Word in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/b)
[^c22811561]: Words in [s. 461C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/a)
[^c22811581]: Word in [s. 461C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/b)
[^c22811471]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/a)
[^c22811501]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 36(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/b)
[^c22811601]: [S. 461C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/4/5) substituted for s. 461C(4)-(7) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/5)
[^c21607151]: Source—1970 s.338(1)—(3); 1982 s.36(1); 1974 s.28(1)(b); 1987 s.31
[^c21607161]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/a),(6)
[^c21607171]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/b),(6)
[^c21607181]: *See* 1970 s.338*for amounts applicable in earlier years.*
[^c21607191]: 1988(F) s.35*and* Sch.3 para.17*for chargeable period beginning on or after* 6*April* 1990.*Previously* “wife”.
[^c21607211]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(3)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/3/6)
[^c21607221]: [S. 467(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/4)
[^c21607231]: *See* [Employment Protection Act 1975 (c.71)](https://www.legislation.gov.uk/ukpga/1975/71) ss.7, 125(1)*and* Sch.16 Part III para.1—*list now maintained by the Certification Officer.*
[^c21607241]: Source—1974 s.28(1)(a)
[^c21607251]: Words in [s. 467(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a/b) substituted (*retrospectively*) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(5)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/5/a),(7)
[^c21607261]: Words in [s. 467(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(a)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/a)
[^c21607291]: Words in [s. 467(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/b) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(b)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/b)
[^c21607301]: [S. 467(4)(ba)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/ba/bb) substituted (1.7.1992) for s. 467(4)(ba) by [S.I. 1992/808](https://www.legislation.gov.uk/uksi/1992/808), [art. 2](https://www.legislation.gov.uk/uksi/1992/808/article/2); [S.R. 1992/212](https://www.legislation.gov.uk/nisr/1992/212), [art. 2(2)(a)](https://www.legislation.gov.uk/nisr/1992/212/article/2/2/a)
[^c21607311]: Source—1977 s.47
[^c23718681]: Words in [s. 467(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [74](https://www.legislation.gov.uk/uksi/2005/3229/regulation/74)
[^c23718701]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 23](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/23) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21607361]: Source—1970 ss.354, 358; 1980 s.60; 1987 s.38, 40(1); 1987 (No.2) s.40(1)
[^c21607371]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/3/4)
[^c21607391]: *Definition employed for the purposes of* s.46(7)—*insurance companies: annual deemed disposal of holdings of unit trusts etc.*
[^c22753271]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/2)
[^c22753241]: [S. 468(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/2) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/3), [Sch. 25 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/part/5/13), Note
[^c22753291]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/4)
[^c22753311]: Words in [s. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6) inserted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/1)
[^c22753251]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "distribution period" repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/5), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c22753331]: [S. 468(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/7) added (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/2)
[^c22795581]: [S. 468](https://www.legislation.gov.uk/ukpga/1988/1/section/468) modified (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (S.I 1997/1154), regs. 1, 9, 10 (as amended (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 166](https://www.legislation.gov.uk/uksi/2001/3629/article/166))
[^c22790421]: [S. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with Sch. 6 paras. 10(2), 28 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/10/1)
[^c22812931]: Words in [s. 468(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6/8) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/3); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23718901]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c23718921]: [S. 468(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/4) repealed (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 20
[^c23718941]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) substituted (1.4.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [88(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/88/2)
[^c23718961]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/4)
[^c23719081]: Words in [s. 468A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468A/1) substituted (with effect in accordance with [s. 26(8)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/5)
[^c21607811]: Source—1977 s.46; 1979(C) Sch.7
[^c21607821]: Words in 473(2)(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607861]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607891]: Words in [s. 473(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22791881]: [S. 473(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/5) repealed (with effect in accordance with s. 164(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c22801601]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22813241]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 67(4)(a) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/a), [Sch. 40 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/8), Note
[^c22813261]: Words in [s. 473(2)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/a/7) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/b)
[^c22813291]: Word in [s. 473(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/b) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/c)
[^c22813311]: [S. 473(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2A/2B) inserted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/2)
[^c22813331]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/8/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/4)
[^c23722001]: Words in [s. 473(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/1/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22765351]: Words in [s. 475(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/a) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/1/b), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22792021]: [S. 475(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/1) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/1)
[^c22792071]: [S. 475(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792041]: Words in [s. 475(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/3/8) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/2)
[^c22792091]: Words in [s. 475(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/4) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22791951]: Words in [s. 475(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/5) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22791971]: [S. 475(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/6/7) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22792001]: Words in [s. 475(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/8) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23721961]: Word in [s. 472A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721981]: Word in [s. 472A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791661]: [S. 469](https://www.legislation.gov.uk/ukpga/1988/1/section/469) extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(1)(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/1/2)
[^c22794141]: Source—1970 s.354A; 1987 s.39; 1987 (No.2) s.40(1)
[^c22794151]: Words in [s. 469(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/a) substituted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/a)
[^c22794161]: [S. 469(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/b) and preceding word repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794181]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/12)
[^c22794191]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794201]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 71](https://www.legislation.gov.uk/ukpga/1988/39/section/71)
[^c22794211]: Words in [s. 469(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/5)
[^c22794221]: [S. 469(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6A) inserted (with effect in accordance with s. [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/b)
[^c22794231]: For regulations see Part III Vol. 5
[^c22794251]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/5)
[^c22801201]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) substituted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/2)
[^c22801241]: [S. 469(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A/2B) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/3)
[^c22801261]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/4)
[^c22809831]: Words in [s. 469(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/7) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/4); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23721401]: Words in [s. 469(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721421]: [S. 469(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721461]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721481]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721441]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803991]: [1982 c.53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c23721321]: Words in [s. 469A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1/c) substituted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/2)
[^c23721341]: [S. 469A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1A) inserted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/3)
[^c23721361]: Words in [s. 469A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/2) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c23721381]: [S. 469A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/3) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c21608291]: *See* 1990 Sch.5 para.16(1), (2), (3)—*regulations may also require building societies to account for tax on transitional sums.*
[^c21608301]: [S. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/2)
[^c21608311]: Words in [s. 477A(1A)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A/3A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c21608341]: [S. 477A(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/2/3)
[^c21608361]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/3)
[^c21608371]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "qualifying deposit right" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22792111]: Word in [s. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) substituted (with effect in accordance with [Sch. 38 para. 6(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(g)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/g)
[^c22792121]: [S. 477A(3)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a/aa) substituted for s. 477A(3)(a) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21608331]: *See* 1990 Sch.5 para.16(1), (4), (5)—*for the year* 1991-92,*the words from* “actual” *to the end of the paragraph are replaced by* “appropriate amount”;*and the following subs. is inserted after* subs.(3):— “(3A) In subsection (3)(a) above the reference to the appropriate amount is to the actual amount paid or credited in the accounting period of any such dividends or interest together with—(a) in the case of dividends or interest paid or credited in the year 1990-91, any amount accounted for and paid by the society in respect thereof as representing income tax, and (b) in the case of dividends or interest paid or credited in the year 1991-92, any amount of income tax accounted for and paid by the society in respect thereof.”
[^c22792141]: [S. 477(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/3A) repealed with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22804151]: [S. 477(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/8) repealed (with effect in accordance with s. 38(3)(4) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 4
[^c22807981]: [S. 477A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/2A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/4)
[^c22813351]: Words in [s. 477A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/2)
[^c22813371]: Words in [s. 477A(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/3)
[^c23722331]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2) para,. 5
[^c23722221]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722241]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722281]: [S. 477A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/5/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722311]: Words in [s. 477A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/9) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722261]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "certified SAYE savings arrangement" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723841]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c21608521]: *See* S.I. [1990 No. 2232](https://www.legislation.gov.uk/ukcm/1990/2232).
[^c23723851]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c21608861]: 1990 s. 30 and Sch. 5 para. 8(2)
[^c21608881]: 1990 s. 30 and Sch. 5 para. 8(3) as regards interest paid or credited on or after 6 April 1991
[^c21608931]: Source—1984 Sch.8 3(1)-(3); 1985 s.38(3), (4)
[^c21608941]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21608951]: Words in [s. 481(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/f) substituted (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21608961]: [S. 481(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c21608971]: Source—1984 Sch.8 3A(1); 1985 s.38(7)
[^c21608981]: 1990 s. 30 and Sch. 5 para. 8(4)
[^c22765401]: [S. 481(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4/d) and word inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/1) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765441]: Words in [s. 481(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/1) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765421]: [S. 481(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4A) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/2) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765541]: Word in [s. 481(5)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k) repealed (with effect in accordance with s. 86(10) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/a), [Sch. 29 Pt. 8(11)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/11), Note
[^c22765461]: Words in [s. 481(5)(k)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/i) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/b) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765481]: Word in s. s. 481(5)(k)(ii) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(c)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/c) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765501]: [S. 481(5)(k)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/iii) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(d)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/d) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765521]: [S. 481(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5B) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/4) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22794261]: Words in [s. 481(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4A) repealed (with effect in accordance with Sch. 7 para. 12(4) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/7), Note 1
[^c22808611]: [S. 481(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/c) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [art. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22812771]: [S. 481(2)(b)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/b/ba) substituted for s. 481(2)(b) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 39(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/39/2)
[^c22812811]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22812821]: [1979 c. 37](https://www.legislation.gov.uk/ukpga/1979/37); [section 48(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/48/3) was repealed, together with other sections, by section 108(2) of, and Part 1 of Schedule 7 to, the [Banking Act 1987 (c. 22)](https://www.legislation.gov.uk/ukpga/1987/22).
[^c22812791]: [S. 481(5)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/g) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 39(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/39/3)
[^c23723861]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c23723691]: Words in [s. 481(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/1) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723581]: Words in [s. 481(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723701]: [S. 481(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/d/e) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 8(3)(5)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/8/3/5), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723601]: Words in [s. 481(5A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723621]: Words in [s. 481(5A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723641]: Words in [s. 481(5A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/b/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723661]: Words in [s. 481(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723891]: Words in [s. 481(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4/4A) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 14(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/14/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23723931]: Words in [s. 481(5)(k)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/iii) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 14(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/14/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21609001]: Source—1984 Sch. 8 1(2)
[^c21609021]: Source—1984 Sch.8 3(4), (4A); 1985 s.38(5)
[^c21609031]: Source—1984 Sch.8 3(5)-(9); 1985 s.38(6); [1986 No.771](https://www.legislation.gov.uk/ukcm/1986/771)
[^c21609041]: See 1990 s. 30 and Sch. 5 para. 9(2)(6)— words "less than seven days" replaced by "more than 5 years" as regards interest paid or credited on or after 6 April 1991
[^c21609051]: See 1990 s. 30 and Sch. 5 para. 9(3)(6)— sub (a) replaced by the following as regards interest paid or credited on or after 6 April1991:— "(a) require repayment of the deposit at a specified time falling before the end of the period of five years beginning with the date on which the deposit is made;"
[^c21609071]: Source—1984 Sch.8 6(2)
[^c21609081]: Source—1984 Sch.8 6(3)
[^c21609091]: Source—1984 Sch.8 2(2); 1985 s.38(2)
[^c21609111]: 1990 s. 30 and Sch. 5 para. 9(4)
[^c21609121]: 1990 s. 30 and Sch.5 para.9(5)
[^c21609131]: Source—1984 Sch.8 3A(3); 1985 s.38(7)
[^c22765561]: [S. 482(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/2/a) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/5) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765581]: [S. 482(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/5A) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/6) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765601]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/7) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765621]: [S. 482(11)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/11/ab) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/8) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22808001]: [S. 482(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/2A) inserted (with effect in accordance with [s. 111(6)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/c) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/3/a)
[^c22806041]: [S. 482(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/11/a) repealed (with effect in accordance with s. 111(6)(c) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/3/b), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 3
[^c23723871]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c23723811]: Words in [s. 482(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/1) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723711]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723731]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): definition of "certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723751]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): words in definition of "qualifying certificate of deposit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723771]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): definition of "uncertificated eligible debt security units" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723821]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723791]: Words in [s. 482(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609341]: Source—1970 s.340, 345; CUA 1979 s.25(2)
[^c21609351]: *See* 1988(F) Sch.8 para.1—*re-basing to* 1982.
[^c22789441]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded (with effect in accordance with s. 131(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1/2/b)
[^c21609361]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609371]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792221]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792241]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792261]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 117A(7)(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117A/7/8/b), [117B(5)(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117B/5/6/b) (as inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/62) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c22802471]: Words in [s. 486(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/10) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22813041]: Words in [s. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12) substituted (27.3.2002) by [The Ministry of Agriculture, Fisheries and Food (Dissolution) Order 2002 (S.I. 2002/794)](https://www.legislation.gov.uk/uksi/2002/794), [art. 1(2)](https://www.legislation.gov.uk/uksi/2002/794/article/1/2), [Sch. 1 para. 31](https://www.legislation.gov.uk/uksi/2002/794/schedule/1/paragraph/31)
[^c23723951]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723971]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723991]: Words in [s. 486(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724011]: [S. 486(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609381]: Source—1970 s.340A; CUA 1979 s.25(1)
[^c21609391]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609401]: [S.I. 1985/1205](https://www.legislation.gov.uk/uksi/1985/1205) (N.I. 12.).
[^c22792281]: [S. 487(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/1/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792301]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792321]: Word in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792341]: [S. 487(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22808631]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/40)
[^c23724211]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23724231]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 22
[^c21609491]: Source—1970 s.341; 1972 Sch.11 6
[^c21609511]: *See reference to approved housing associations in* 1988(F) s.43(3)*and* 44.
[^c21609521]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609531]: [1969 c.24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c21609541]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609551]: Words in [s. 488(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6) substituted (15.9.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1992/1725/article/1/2), [107](https://www.legislation.gov.uk/nisi/1992/1725/article/107), [Sch. 8 para. 5](https://www.legislation.gov.uk/nisi/1992/1725/schedule/8/paragraph/5)
[^c21609561]: [S.I. 1979/1573](https://www.legislation.gov.uk/uksi/1979/1573) (N.I.12.).
[^c22792821]: [S. 488(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/2)
[^c22792831]: Words in [s. 488(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/10) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/3)
[^c22792851]: [S. 488(11)(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11/11A) substituted for s. 488(11) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/4)
[^c22793891]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/2); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22805841]: [S. 488](https://www.legislation.gov.uk/ukpga/1988/1/section/488): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c22801651]: [S. 488(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/3) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22802521]: Words in [s. 488(11A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/uksi/1998/3173/section/117/4/5) of the amending Act) by Finance Act 1998 (c, 36), Sch. 19 para. 48(2)(a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802541]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/48/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22803931]: [S. 488(7A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 56](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/56), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22804761]: Words in [s. 488(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/b) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/a)
[^c22804171]: [S. 488(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/c) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804201]: [S. 488(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/2/b) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804221]: Words in [s. 488(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/4) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by Finance Act 1999 (c, 16), Sch. 4 para. 15(4), Sch. 20 Pt. 3(7), Note 2
[^c22804781]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/5)
[^c22804241]: [S. 488(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/12) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c23724271]: Words in [s. 488(6)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6/iii) substituted (29.7.2004) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 2004 (S.I. 2004/2030)](https://www.legislation.gov.uk/uksi/2004/2030), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2004/2030/article/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2030/article/5)
[^c23724291]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c21609571]: See 1976(D)—*exemption of certain housing associations from development land tax.* 1976(D)*repealed from* 19*March* 1985.
[^c21609581]: Source—1970 s.341A
[^c21609591]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609601]: *See reference to approved self-build societies in* 1988(F) s.43(3)*and* s.44.
[^c21609611]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609621]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21609631]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609641]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792891]: [S. 489(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/2)
[^c22792901]: Words in [s. 489(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/3)
[^c22792921]: [S. 489(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9/9A) substituted for s. 489(9) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/4)
[^c22793871]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/3); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22802631]: Words in [s. 489(9A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802611]: Word in [s. 489(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22805861]: [S. 489](https://www.legislation.gov.uk/ukpga/1988/1/section/489): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c23724301]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c22803961]: [S. 489(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 57](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/57), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c21609651]: [S. 490](https://www.legislation.gov.uk/ukpga/1988/1/section/490) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21609661]: Source—1970 s.346
[^c22794281]: Words in [s. 490(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/2) repealed (with effect in accordance with Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22800441]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800481]: Words in [s. 490(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/4) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800501]: [S. 490(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/5) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801671]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 3 para. 28(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 28(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/28/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21609671]: Source—1970 s.347
[^c21609681]: *See* 1988(F) Sch.14 Part V—*repeal of* (b)*from* 6*April* 1993.
[^c22802651]: Words in [s. 491(3)(4)(5)(6)(8)(b)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/4/5/6/8/b/11) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23724371]: Words in [s. 491(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724391]: Words in [s. 491(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724411]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724451]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724491]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724511]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724531]: Words in [s. 491(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724551]: [S. 491(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724571]: Words in [s. 491(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/10/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21608401]: Words in [s. 477B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(28)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/28) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22813391]: [S. 477B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 48](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/48)
[^c21609721]: [S. 492(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1/a/b) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 198(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/198/5/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609741]: Words in [s. 492(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17)
[^c22808671]: Words in [s. 492(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/1)
[^c22808691]: Words in [s. 492(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/2)
[^c22808711]: Words in [s. 492(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/3)
[^c23726061]: Words in [s. 492(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726081]: Words in [s. 492(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726101]: Words in [s. 492(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726121]: Words in [s. 492(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726141]: Words in [s. 492(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802721]: [S. 493(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/6) inserted (with effect in accordance with [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3)
[^c23726241]: Words in [s. 493(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 191](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/191) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726281]: [S. 493(A1)-(A3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/A1) inserted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/2)
[^c23726341]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/a)
[^c23726301]: Words in [s. 493(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/3/b)
[^c23726261]: [S. 493(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/1A) inserted (with effect in accordance with [s. 151(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 151(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/151/1)
[^c23726361]: Words in [s. 493(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/4)
[^c23726381]: Words in [s. 493(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/3) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/5)
[^c23726401]: Words in [s. 493(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/4/b) omitted (with effect in accordance with s. 147(1)(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/6)
[^c23726321]: [S. 493(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/5) substituted (with effect in accordance with [s. 147(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/147/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 18 para. 12(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/18/paragraph/12/7)
[^c22792941]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792961]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792981]: [S. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793021]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) substituted for s. 494(4) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch 14 para. 32(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22801691]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22813411]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813431]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) renumbered as s. 494(2)(c)(i) (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813451]: [S. 494(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c/ii) and words inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/c) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813521]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/5) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813541]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813561]: [S. 494(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2ZA) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/7) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813581]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813601]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813621]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813641]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813661]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813681]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/9) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c23726731]: Word at the end of s. 494(2)(b) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/a)
[^c23726751]: [S. 494(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/d) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726771]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/c), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726791]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/3), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726831]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23726851]: [S. 494(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21609771]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39)
[^c22808851]: Words in [s. 495(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/1)
[^c22808871]: Words in [s. 495(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/2)
[^c22808891]: Words in [s. 495(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/3)
[^c23727621]: Words in [s. 495(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609801]: [1983 c. 56](https://www.legislation.gov.uk/ukpga/1983/56).
[^c23728561]: Words in [s. 496(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/a) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/2)
[^c23728581]: Words in [s. 496(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/2) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/3)
[^c23728601]: Words in [s. 496(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/a)
[^c23728621]: Words in [s. 496(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3/b) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/b)
[^c23728661]: Words in [s. 496(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 193](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/193) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891131]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(a)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/a)
[^c22891151]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) substituted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(b)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/b)
[^c22891171]: [S. 500(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/5) substituted for s. 500(5) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/2)
[^c22891211]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): definition of "ring fence trade" added by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/3)
[^c21609931]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c21609941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28)
[^c21609951]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" repealed (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 55(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/a/2), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21609961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 55(1)(b)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/b/2)
[^c21609971]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence profits" substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609981]: [S. 502(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1A) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [300(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/300/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609991]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22805961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil" substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/25), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/161/article/2/1)
[^c22808081]: [S. 502(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/3A) substituted for words in s. 502(3) (with effect in accordance with [Sch. 27 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/9)
[^c23728921]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23728941]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23727051]: [S. 494A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/2/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23727081]: [S. 494A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/3/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22804821]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22813711]: Words in [s. 494AA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22813741]: [S. 494AA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/b) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23727121]: Word at the end of s. 494AA(2)(a) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/2)
[^c23727141]: [S. 494AA(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/c) inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/3)
[^c23727161]: [S. 494AA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/6): definition of "long funding operating lease" inserted (with effect in accordance with [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/1/4)
[^c22813771]: Words in [s. 501A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/a) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/2) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813791]: [S. 501A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/b) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813811]: [S. 501A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/c) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/8) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23728721]: [S. 501A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/10/b) substituted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 23](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/23)
[^c23728781]: Words in [s. 501A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/1) substituted (with effect in accordance with [s. 152(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 152(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/152/1)
[^c23728741]: [S. 501A(5)(dd)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/dd) substituted for word at the end of s. 501A(5)(d) (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/2)
[^c23728761]: [S. 501A(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/11) inserted (with effect in accordance with [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/2/3)
[^c22808911]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 249(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/249/2) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22813931]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 32(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/32/4)
[^c23729751]: Words in [s. 503(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729871]: Words in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729771]: Word in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729791]: Words in [s. 503(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729891]: [S. 503(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729811]: Words in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729831]: Word in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610111]: [S. 504](https://www.legislation.gov.uk/ukpga/1988/1/section/504) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 241(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/241/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610121]: Source—1984 s.50(2)-(9)
[^c22793081]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/2)
[^c22793111]: [S. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/3)
[^c23730081]: [S. 504(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730101]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729961]: Word in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730121]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729981]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730001]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730021]: Words in [s. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730171]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730191]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730221]: Words in [s. 504(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730041]: Words in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730061]: Word in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22754471]: [S. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 171](https://www.legislation.gov.uk/ukpga/1994/9/section/171)
[^c21610191]: Source—1970 s.360(1)
[^c21610201]: *Repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21610221]: Source—1986 s.30(1)
[^c22789231]: [S. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (with effect in accordance with [s. 138(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 138(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/1)
[^c22789271]: [1976 c. 32](https://www.legislation.gov.uk/ukpga/1976/32).
[^c22789281]: [S.I. 1985/1204 (N.I.11)](https://www.legislation.gov.uk/nisi/1985/1204).
[^c22793141]: [S. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) substituted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/2)
[^c22793191]: [S. 505(1)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/i) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/1), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793161]: [S. 505(1)(c)(ii)-(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) substituted for s. 505(1)(c)(ii) (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/3)
[^c22793231]: [S. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793271]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/4)
[^c22793281]: [S. 505(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para 19(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22813951]: [S. 505(1)(c)(iic)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iic) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/3)
[^c23730241]: Words in [s. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730261]: Words in [s. 505(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730441]: Words in [s. 505(1)(c)(iia)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iia) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730281]: [S. 505(1)(c)(iiaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730301]: Words in [s. 505(1)(c)(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iib) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730321]: Words in [s. 505(1)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730341]: Words in [s. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730361]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(h)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/h) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730381]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730401]: [S. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730421]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730481]: [S. 505(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1B) inserted (with effect in accordance with [s. 56(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/56/1)
[^c23730461]: [S. 505(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/3) substituted for s. 505(3)-(8) (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/1)
[^c21610281]: *Definition employed for purposes of*:1990 s.25—*donation to charity by individuals.*1990 s.56*and* Sch.10 para.21—*exemption for convertible securities held by charities.*1990 s.94(1)—*inspection powers* (*definition extended to cover bodies mentioned in* sections 507*and* 508).
[^c21610291]: Source—1970 s.360(3); 1986 s.31(1)(a), (c), Sch.7 1(1)
[^c21610301]: Source—1986 Sch.7 1(2), (3)
[^c21610311]: Source—1986 s.31(4)-(6)
[^c23731331]: [S. 506(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/1): definition of "charitable expenditure" substituted for definitions of "qualifying expenditure" and "non-qualifying expenditure" (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/a)
[^c23731431]: Words in [s. 506(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/2) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/b), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c23731351]: Words in [s. 506(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/3) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/c)
[^c23731371]: Words in [s. 506(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/4) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/d)
[^c23731391]: Words in [s. 506(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/5) substituted (with effect in accordance with [s. 55(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/e)
[^c23731451]: [S. 506(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/506/6) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/2/f), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c21610431]: *See*1989 s.59—*these bodies treated as established for charitable purposes for purposes of* s.59 (*covenanted subscriptions*).1990 s.25—*donations to charity by individuals.*
[^c21610441]: Source—1980 s.118(1); 1983 s.46(1)
[^c21610451]: 1989 s.60(1)*in relation to accounting periods ending on or after* 14*March* 1989.
[^c21610461]: Words in [s. 507(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/d) substituted (1.9.1992) by [Museums and Galleries Act 1992 (c. 44)](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 para. 1(8)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/paragraph/1/8); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art. 2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c21610471]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) inserted (1.11.1992) by [S.I. 1992/2383](https://www.legislation.gov.uk/uksi/1992/2383), [reg. 2(2)](https://www.legislation.gov.uk/uksi/1992/2383/regulation/2/2), [Sch. para.11](https://www.legislation.gov.uk/uksi/1992/2383/schedule/paragraph/11)
[^c21610491]: *Repealed by* 1989 ss.60(1)*and* 187*and* Sch.17 Part IV*in relation to accounting periods ending on or after* 14*March* 1989.
[^c22802761]: [S. 507(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/f) inserted (2.7.1998) by [National Lottery Act 1998 (c. 22)](https://www.legislation.gov.uk/ukpga/1998/22), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1998/22/section/24/1), [27(4)(b)](https://www.legislation.gov.uk/ukpga/1998/22/section/27/4/b)
[^c22804261]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) omitted (19.4.1999) by virtue of The United Kingdom Ecolabelling Board (Abolition) Regulations 1999 (S.I 1999/931), regs. 1, 9
[^c21610501]: Source—1970 s.362
[^c23732311]: [S. 508(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1/a) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/2)
[^c23732331]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/3)
[^c23732351]: [S. 508(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1A/1B) inserted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/4)
[^c23732371]: [S. 508(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/3/4) substituted for s. 508(3) (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/5)
[^c21610511]: [S. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) extended (with modifications) (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 23](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/23)
[^c21610521]: Source—1970 s.348; 1971 s.28(1)
[^c22802781]: Words in [s. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21610531]: Source—1970 s.361
[^c21610551]: Source—O.J. No. L199/1.
[^c22789291]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22789311]: [S. 510A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/7/8) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22813971]: Words in [s. 510A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/2)
[^c22813991]: Words in [s. 510A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/3)
[^c22814011]: [S. 510A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/4)
[^c21610681]: *See* ss.89*and* 90*and* Sch.11 Electricity Act 1989*in connection with electricity industry privatisation; and see* s.112*and* Sch.18 Electricity Act 1989*for changes to* s.511*from a day to be appointed.*
[^c21610691]: Source—1970 s.350(3)
[^c21610701]: [1948 c. 67](https://www.legislation.gov.uk/ukpga/1948/67).
[^c21610771]: Source—1973 s.36(1)
[^c21610781]: [1980 c.60](https://www.legislation.gov.uk/ukpga/1980/60).
[^c21610791]: [1980 c.34](https://www.legislation.gov.uk/ukpga/1980/34).
[^c21610801]: Source—1980 s.119(1)-(3)
[^c21610811]: Words in [s. 513(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/513/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(32)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/32) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610841]: Source—1980 s.63
[^c21610851]: Source—1970 s.370
[^c21610861]: *For Orders in Council see* Part III Vol.5.
[^c22793821]: Words in [s. 516(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/516/1) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/21/1)
[^c22793841]: Words in [s. 516(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/516/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/21/2)
[^c21610871]: Source—1970 s.371
[^c21610881]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c21610931]: Source—1970 s.352(1)-(6); 1971 Sch.8 16; 1986 s.56(7)(a), Sch.13 2(5)(a)
[^c21610941]: Words in [s. 518(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/1)
[^c21610951]: [S. 518(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/6) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21610961]: Source—1970 s.352(8), (9)
[^c21610971]: Source—1970 s.352(11)
[^c21610981]: [1964 c. 40](https://www.legislation.gov.uk/ukpga/1964/40).
[^c22808931]: Words in [s. 518(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/43)
[^c22807771]: [S. 519](https://www.legislation.gov.uk/ukpga/1988/1/section/519) extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1/2/a), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2) (with [s. 157(4)](https://www.legislation.gov.uk/ukpga/1999/29/section/157/4)); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c21610991]: Source—1970 s.353(1), (4)
[^c21611001]: Definition applied for purposes of—1979(C) s.149B(3)—*miscellaneous exemptions.*1988 s.832(1)—*interpretation of Tax Acts.*
[^c21611021]: Subs.(4)*repealed by* 1990 s.127*and* Sch.18 para.5(2)*and* 132*and* Sch.19 Part IV*on and after* 1*April* 1990.
[^c21611051]: Word in [s. 519A(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/g) repealed by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c21611061]: [S. 519A(2)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/i) (j) (k) added by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c22789341]: [S. 519A(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a/aa) substituted for s. 519A(2)(a) (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(a)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22789361]: [S. 519A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/c) repealed (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(b)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/1995/17/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22809081]: [S. 519A(2)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/ab) inserted (1.4.2000 for E.W. and 11.5.2001 otherwise) by [Health Act 1999 (c. 8)](https://www.legislation.gov.uk/ukpga/1999/8), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1999/8/section/67/1), [Sch. 4 para. 73](https://www.legislation.gov.uk/ukpga/1999/8/schedule/4/paragraph/73); [S.I. 1999/2342](https://www.legislation.gov.uk/uksi/1999/2342), [art. 2(4)(b)(i)](https://www.legislation.gov.uk/uksi/1999/2342/article/2/4/b/i); [S.I. 2001/1985](https://www.legislation.gov.uk/uksi/2001/1985), [art. 2(4)](https://www.legislation.gov.uk/uksi/2001/1985/article/2/4)
[^c22892951]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.10.2002) by [The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002 (S.I. 2002/2469)](https://www.legislation.gov.uk/uksi/2002/2469), [reg. 1](https://www.legislation.gov.uk/uksi/2002/2469/regulation/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/2002/2469/schedule/1/paragraph/14)
[^c22814041]: [S. 519A(2)(aba)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aba) inserted (10.10.2002 for W., otherwise prosp.) by [National Health Service Reform and Health Care Professions Act 2002 (c. 17)](https://www.legislation.gov.uk/ukpga/2002/17), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2002/17/section/42/3), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/2002/17/schedule/5/paragraph/27); [S.I. 2005/2352](https://www.legislation.gov.uk/uksi/2005/2352), [art. 2](https://www.legislation.gov.uk/uksi/2005/2352/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/2352/schedule)
[^c23732651]: [S. 519A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/bb) inserted (1.4.2004) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 33(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/33/1), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1); [S.I. 2004/759](https://www.legislation.gov.uk/uksi/2004/759), [art. 2](https://www.legislation.gov.uk/uksi/2004/759/article/2)
[^c23732671]: [S. 519A(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 148](https://www.legislation.gov.uk/ukpga/2004/12/section/148)
[^c23732691]: [S. 519A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/h) repealed (1.4.2005) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 190(2)](https://www.legislation.gov.uk/ukpga/2003/43/section/190/2), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2003/43/schedule/13/paragraph/5), [Sch. 14 Pt. 7](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/7); [S.I. 2005/457](https://www.legislation.gov.uk/uksi/2005/457), [art. 2(1)(a)(b)](https://www.legislation.gov.uk/uksi/2005/457/article/2/1/a/b)
[^c23732731]: [S. 519A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/e) repealed (S.) (27.9.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Modification of Enactments) Order 2005 (S.S.I. 2005/465)](https://www.legislation.gov.uk/ssi/2005/465), [art. 1](https://www.legislation.gov.uk/ssi/2005/465/article/1), [Sch. 2](https://www.legislation.gov.uk/ssi/2005/465/schedule/2); and s. 519A(2)(e) repealed (E.W.N.I.) (5.10.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Consequential Provisions) Order 2005 (S.I. 2005/2078)](https://www.legislation.gov.uk/uksi/2005/2078), [art. 1(1)](https://www.legislation.gov.uk/uksi/2005/2078/article/1/1), [Sch. 3](https://www.legislation.gov.uk/uksi/2005/2078/schedule/3)
[^c23732751]: [S. 519A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/f) repealed (1.4.2006) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [s. 199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/4); [S.I. 2005/2925](https://www.legislation.gov.uk/uksi/2005/2925), [art. 11](https://www.legislation.gov.uk/uksi/2005/2925/article/11)
[^c23729261]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/2)
[^c23729281]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/5)
[^c23729271]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/8)
[^c23729291]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/7)
[^c21611181]: Source - 1970 s.380(1)
[^c21611191]: Source - 1970 s.380(2)
[^c21611201]: *See* S.I. [1970 No.488](https://www.legislation.gov.uk/ukcm/1970/488) (*under* “Double taxation relief: general” *in* Part III Vol.5) regns. 2-10—*payments exempt under double taxation agreements.*
[^c21611221]: Source - 1970 s.380(4)
[^c21611231]: Source - 1970 s.380(5)
[^c22776211]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/a)
[^c22776231]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/b)
[^c22776251]: [S. 524(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/3)
[^c23733541]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733581]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733601]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733631]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733651]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733681]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733851]: [S. 524(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733871]: Words in [s. 524(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733701]: Words in [s. 524(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733721]: Words in [s. 524(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733891]: [S. 524(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733741]: [S. 524(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733911]: Words in [s. 524(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733761]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733781]: Words in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733811]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733831]: Word in [s. 524(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611251]: Source - 1970 s.381(2)
[^c22771321]: [S. 525(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/5) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 4 of the repealing Act) by Finance Act [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c22781431]: Words in [s. 525(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/45)
[^c23733991]: [S. 525(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734051]: [S. 525(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734011]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734071]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734031]: Word in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734091]: [S. 525(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611291]: Source - 1970 s.382
[^c22795671]: Word in [s. 526(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23734141]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734161]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734181]: Words in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734201]: Word in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734221]: [S. 526(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734241]: Words in [s. 527(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 204](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/204) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611321]: Source-1970 s.385; 1985 s.64(2)(d)-(f)
[^c22781201]: [S. 528(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/1/4) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(1)(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/1/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781451]: Words in [s. 528(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/2)
[^c22781481]: [S. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/3)
[^c23734301]: [S. 528(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734321]: Words in [s. 528(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734341]: Words in [s. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611411]: Source-1970 s.386(2); 1985 s.65(3)(a)
[^c22795691]: [S. 531(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2/7) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/19/2)
[^c21611431]: Source-1970 s.386(4); 1985 s.65(3)(b)
[^c21611441]: Source-1970 s.386(4)-(6)
[^c21611451]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781501]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/1)
[^c22781271]: Words in [s. 531(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781521]: Words in [s. 531(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/3)
[^c22781291]: Words in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734371]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734391]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734421]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734451]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734471]: [S. 531(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734491]: Words in [s. 531(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734511]: [S. 531(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734531]: Word in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734571]: Words in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734551]: Words in [s. 531(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734601]: Word in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734621]: Words in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734661]: [S. 531(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734641]: Word in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781551]: [S. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/49)
[^c23734681]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 208](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/208) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611551]: Source-1970 s.388; 1985 s.64(2)(g)
[^c22771361]: Words in [s. 533(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/4) inserted (with retrospective effect) by Finance Act 1988, Sch. 13 Pt. 1 paras. 5, 1
[^c21611571]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781591]: Words in [ss. 533(1)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/1)
[^c22781331]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 4)](https://www.legislation.gov.uk/ukpga/2001/4), [Sch. 2 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2001/4/schedule/2/paragraph/50/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/4/schedule/4)
[^c22781651]: Words in [s. 533(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/3)
[^c23734721]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734741]: [S. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1): definition of "income from patents" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734761]: Words in [s. 533(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611611]: See—1988 s.387—*sums assessed under* s.350*by virtue of* s.536*not to be carried forward under* s.387*as trading losses.*1988 s.821—*under-deductions of tax from payments made before passing of annual Act.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1970 No.488](https://www.legislation.gov.uk/ukcm/1970/488) (*under* “*Double Taxation relief: general*” *in* Part III Vol.5) regns.2-10—*payments exempt under double taxation agreements.*
[^c21611621]: Source-1970 s.391
[^c22774341]: Words in [s. 536(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/2) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(5)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/5); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22774941]: Words in [s. 536(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/2) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/a), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22774961]: Words in [s. 536(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/4) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/b), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21611641]: Source-1983 s.27(b)
[^c22781911]: Words in [s. 537](https://www.legislation.gov.uk/ukpga/1988/1/section/537) substituted (with application in accordance with [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 24 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/1/a)
[^c22781931]: Words in [s. 537](https://www.legislation.gov.uk/ukpga/1988/1/section/537) substituted (with application in accordance with [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 24 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/1/b)
[^c22774981]: Words in [s. 537B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/537B/2) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/a), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22775001]: Words in [s. 537B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/537B/4) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/b), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22774361]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) repealed (with effect in accordance with Sch. 17 Pt. 5 Note 6 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5)
[^c21611751]: [S. 539(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/9) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/2)
[^c21611761]: Source-1970 s.393(1); 1971 Sch.6 41; 1972 Sch.24 23
[^c21611781]: Source-1970 s.393(2)(a), (c); 1971 Sch.3 11
[^c21611801]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21611811]: Source-1970 s.393(3); 1985 s.41(8) 56, Sch. 9 para. 15
[^c21611821]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "friendly society" inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.15](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/15); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21611831]: Source-1975 Sch.2 15
[^c21611841]: Source-1970 s.393(4), (5)
[^c22776391]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): word in definition of "capital redemption policy" substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/4)
[^c22781951]: [S. 539(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/2)
[^c23745031]: [S. 539(2)(e)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/e/f) and preceding word added (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/2)
[^c23745111]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745051]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "credit union" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745071]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "excepted group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745091]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745131]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "non-charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745171]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745191]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "life annuity" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745211]: [S. 539(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745231]: [S. 539(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/b) substituted for s. 539(2)(b)-(d) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 25](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/25) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21611861]: Source-1970 s.394(1), (2); 1975 Sch.2 9(1), (2)
[^c21611881]: Source-1970 s.394(4); 1983 s.18(1) 1975 Sch.2 10
[^c21611891]: Source-1970 s.394(5), (6); 1975 Sch.2 10
[^c22774401]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/2)
[^c22774421]: [S. 540(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/5A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/3)
[^c21611921]: Source-1982 s.34
[^c22781971]: Words in [s. 540(1)(a)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/a/v) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/2)
[^c22781991]: Words in [s. 540(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/b/ii) inserted (with effect in accordance with s, 83(2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/3)
[^c23745291]: [S. 540(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/2) repealed (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/14/1), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 2 (with Sch. 34 para. 15)
[^c23745311]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [75](https://www.legislation.gov.uk/uksi/2005/3229/regulation/75)
[^c22778611]: [S. 541](https://www.legislation.gov.uk/ukpga/1988/1/section/541) extended (retrospectively and with effect in accordance with s. 79(7)(8) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3/b)
[^c21611931]: Source-1970 s.395(1); 1975 Sch.2 11(1)
[^c21611941]: Source-1970 s.395 (2), (3)
[^c21611961]: [S. 541(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/2)
[^c21611971]: Source-1970 s.395(4); 1982 s.34; 1975 Sch.2 10
[^c21611981]: [S. 541(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/5/c) and word inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/3)
[^c21611991]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782011]: Words in [s. 541(1)(a)(ii)(b)(ii)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/a/ii/b/ii/c/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/2)
[^c22782051]: Words in [s. 541(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/3)
[^c22781811]: [S. 541(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4) repealed (with effect in accordance with s. 83(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/4), [Sch. 33 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/9), Note
[^c22782851]: Words in [s. 541(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/c) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/3)
[^c22782871]: [S. 541(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/3A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/4)
[^c21612001]: Source-1970 s.396(1); 396(1); 1975 Sch.2 9(3), 12
[^c21612011]: Source-1970 s.396(2), (3); 1983 s.18(2); 1975 Sch.2 12
[^c22782071]: Words in [s. 542(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/2)
[^c22782091]: Words in [s. 542(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/3)
[^c21612021]: Source-1970 s.397; 1975 Sch.2 13
[^c22782111]: Words in [s. 543(1)(a)(ii)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/ii/b/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/2)
[^c22782141]: Words in [s. 543(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/3)
[^c22782891]: Words in [s. 543(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/b) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/6)
[^c22782911]: [S. 543(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/2A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/7)
[^c23745331]: Words in [s. 543(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 212](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/212) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612031]: Source-1983 Sch.4 1
[^c21612041]: Source-1983 s.18(3), Sch.4 2(1)
[^c21612051]: Source-1983 Sch.4 2(2)
[^c21612061]: Source-1983 Sch.4 2(3)
[^c21612071]: Source-1983 Sch.4 2(4)
[^c23745351]: Words in [s. 544(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/213) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745371]: Words in [s. 544(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [76](https://www.legislation.gov.uk/uksi/2005/3229/regulation/76)
[^c21612081]: Source-1970 s.398; 1975 Sch.2 14, 9(4)
[^c22782161]: Words in [s. 545(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 7](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/7)
[^c23745411]: [S. 545(1)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/a/i) substituted for words in s. 545(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612091]: Source-1975 Sch.2 9(5), (8)
[^c21612101]: Source-1975 Sch.2 9(6), (7)
[^c21612111]: Source-1975 Sch.2 9(9)
[^c21612121]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782181]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) renumbered as s. 546(1)(a)(i) (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 8(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/a)
[^c22782201]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/b)
[^c22782221]: [S. 546(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a/ii) and preceding word inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/c)
[^c22782241]: [S. 546(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/6) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/3)
[^c21612171]: [S. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/8) of the amending Act) by Finance Act 1989 (c. 26 ), Sch. 9 para. 5(3)
[^c21612221]: [S. 547(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/8) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/5/3)
[^c21612361]: Source-1970 s.399(1); 1972 Sch.24 24
[^c21612441]: [S. 547(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/1)
[^c21612491]: [S. 547(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/3)
[^c22775871]: [S. 547](https://www.legislation.gov.uk/ukpga/1988/1/section/547): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22775061]: [S. 547(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/1)
[^c22775101]: [S. 547(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/2/b)
[^c22778951]: [S. 547(1)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/d/e) inserted (with effect in accordance with [Sch. 14 para. 7(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/1/2/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/3)
[^c22778741]: [S. 547(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/3) repealed (with effect in accordance with Sch. 14 para. 7(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/4), [Sch. 27 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/19), Note
[^c22779011]: [S. 547(5AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5AA) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/7)
[^c22779031]: [S. 547(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/8)
[^c22779091]: [S. 547(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/14) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/10)
[^c22782301]: Words in [s. 547(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/2)
[^c22782321]: [S. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/3)
[^c22782341]: [S. 547(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/4)
[^c23745551]: Word in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/3)
[^c23745571]: [S. 547(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/4)
[^c23745651]: [S. 547(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/8)
[^c23745751]: [S. 547(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/11)
[^c23745891]: [S. 547(1)(a)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/a/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745831]: Words in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745851]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745871]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745951]: [S. 547(4A)-(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A)(9)-(14) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612501]: Source-1975 Sch.2 16; 1976 s.35
[^c22774461]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/b)
[^c22774481]: Words in [s. 548(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/c)
[^c22774501]: [S. 548(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/3)
[^c22780711]: [S. 548(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3/a) substituted (with effect in accordance with [Sch. 4 para. 18(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/16)
[^c23746361]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 9(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/9/3)
[^c23746381]: [S. 548(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/218) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747201]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747241]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747261]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747281]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747301]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612761]: Source-1984 Sch.15 Part III; 1984 s.76(5); 1985 s.51
[^c22775181]: [S. 553](https://www.legislation.gov.uk/ukpga/1988/1/section/553): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22797631]: Words in [s. 553(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(8)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/8/a) (with saving)
[^c22774921]: [S. 553(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/2)
[^c22775161]: [S. 553(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/3)
[^c22776431]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/5)
[^c22779501]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/2)
[^c22779521]: [S. 553(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/5A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/3)
[^c22779541]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): definition of "foreign institution" inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/4)
[^c22782561]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/2) of the amending Act) by Finance Act 2001, (c. 9), Sch. 28 para. 17(2)
[^c22782601]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/17/4)
[^c23748361]: [S. 553(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748401]: [S. 553(6)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748381]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): words in definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782401]: [S. 547A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/2) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 12](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/12)
[^c23746121]: Word in [s. 547A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/2)
[^c23746141]: Word in [s. 547A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/3)
[^c23746161]: [S. 547A(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/4)
[^c23746181]: Words in [s. 547A(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/5)
[^c23746201]: [S. 547A(3)(d)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d/ia) substituted for word at the end of s. 547A(3)(d)(i) (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/6)
[^c23746221]: Word in [s. 547A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/6) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/7)
[^c23746241]: Word in [s. 547A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/a)
[^c23746261]: Word in [s. 547A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/b)
[^c23746281]: [S. 547A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746321]: [S. 547A(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/15): definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746301]: [S. 547A(16)(17)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/16/17) substituted for s. 547A(16) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782481]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/16)
[^c23746501]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 11](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/11)
[^c23748471]: [S. 553A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748491]: [S. 553A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/4): words in definition of "new non-resident policy" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748551]: Words in [s. 553C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748571]: Words in [s. 553C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748601]: Words in [s. 553C(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748621]: Words in [s. 553C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748661]: Word at the end of s. 553C(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748641]: Word in [s. 553C(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748701]: [S. 553C(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/d) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748681]: [S. 553C(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782931]: Words in [s. 546B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(9)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/9)
[^c22782951]: [S. 546B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1A) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(10)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/10)
[^c23745431]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745451]: Word in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745491]: [S. 546C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/a) and word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745471]: Words in [s. 546C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745511]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/e), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612781]: *See* 1988(F) s.130(7)—*payment of outstanding tax by migrating companies.*
[^c21612791]: Source-1986 Sch.11 1
[^c21612801]: Source-1986 Sch.11 2(1)
[^c21612811]: Source-1986 Sch.11 2(3)
[^c21612821]: Source-1986 Sch.11 2(2), (4)
[^c21612831]: Source-1986 Sch.11 2(5), (6)
[^c21612841]: Source-1986 Sch.11 2(7)
[^c21612851]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612861]: Source-1986 Sch.11 3(1)
[^c21612871]: Source-1986 Sch.11 4
[^c21612901]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612911]: Source-1986 Sch.11 6(4) 7(6)
[^c21612921]: Source-1986 Sch.11 6(2), 7(5)
[^c23749111]: [S. 556(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749071]: [S. 556(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749131]: [S. 556(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749091]: Words in [s. 556(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612951]: Source-1986 Sch.11 9
[^c21612961]: Source-1986 Sch.11 5
[^c21612971]: Source-1986 Sch.11 10, 11(2)
[^c21612981]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612991]: Source-1986 Sch.11 11(1), (3)
[^c21613121]: *See*—1970(M) s.62(1A)—*priority of claim for tax.*1970(M) s.63(3)—*recovery of tax in Scotland.*1970(M) s.64(1A)—*priority in cases of poinding in Scotland.*
[^c21613131]: Source-1975 (No.2) s.69(1), 70A(2); 1982 Sch.8 5
[^c21613141]: *See* 1988(F) s.130(7)(d)—*payment of outstanding tax by migrating companies.*
[^c21613151]: Source-1975 (No.2) s.69(4), (5); 1987 s.23
[^c21613171]: *See* Insolvency (Northern Ireland) Order 1989, Art.381(2)*and* Sch.9 para.61*and* Art.382*and* Sch.10 (S.I. [1989 No.2405](https://www.legislation.gov.uk/ukcm/1989/2405)—*not reproduced*)
[^c21613181]: [S. 559(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/6) repealed (N.I.) (1.10.1991) by [S.I. 1989/2404](https://www.legislation.gov.uk/uksi/1989/2404), [art. 382](https://www.legislation.gov.uk/uksi/1989/2404/article/382), [Sch. 10](https://www.legislation.gov.uk/uksi/1989/2404/schedule/10); [S.R. 1991/411](https://www.legislation.gov.uk/nisr/1991/411), [art. 2](https://www.legislation.gov.uk/nisr/1991/411/article/2)
[^c21613191]: Source-1975 (No.2) Sch.12 Pt.I 2(2); 1980 Sch.8 4(3); 1982 Sch.8 8
[^c21613201]: Source-1972 s.71(5); 1982 Sch.8 6
[^c22775261]: [S. 559(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/3) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/2), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775241]: [S. 559(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/3); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22777861]: [S. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/3)
[^c22778631]: [S. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 54(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/54/5)
[^c22775281]: Words in [s. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) substituted (with effect in accordance with the amending provision) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 139(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/139/1); [S.I. 2000/922](https://www.legislation.gov.uk/uksi/2000/922), [art. 2](https://www.legislation.gov.uk/uksi/2000/922/article/2)
[^c22775301]: [S. 559(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4A) inserted (with effect in accordance with the amending provision) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 139(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/139/1); [S.I. 2000/922](https://www.legislation.gov.uk/uksi/2000/922), [art. 2](https://www.legislation.gov.uk/uksi/2000/922/article/2)
[^c22779841]: Words in [s. 559(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1) substituted (with effect in accordance with [s. 55(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/2)
[^c22779861]: [S. 559(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1A) inserted (with effect in accordance with [s. 55(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/2)
[^c22779321]: [S. 559(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/5A) inserted (with effect in accordance with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/1)
[^c22782971]: Words in [s. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c22783011]: [S. 559(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/5/5A) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c22783041]: [S. 559(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/8) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c23749331]: Words in [s. 559(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 58](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/58) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613241]: Source-1975 (No.2) s.69(2)
[^c21613251]: Source-1975 (No.2) s.69(3)
[^c21613271]: Source-1975 (No.2) s.69(3A); 1980 Sch.8 1
[^c21613281]: Source-1975 (No.2) s.69(3B), (3C); 1980 Sch.8 1
[^c21613291]: Source-1975 (No.2) s.71(3)
[^c21613301]: [1981 c. 64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21613311]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c21613321]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c21613331]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21613341]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c21613351]: [1965 c. 13 (N.I.)](https://www.legislation.gov.uk/apni/1965/13).
[^c22775321]: [S. 560(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/aa) inserted (with application in accordance with [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/1/a)
[^c22775341]: [S. 560(2)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/ea) inserted (with application in accordance with Sch. 27, [para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27), [para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/1/b)
[^c22775361]: Words in [s. 560(2)(f)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/f/3) substituted (with application in accordance with [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27), [para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/2)
[^c22779341]: Words in [s. 560(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2) inserted (with effect in accordance with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/2)
[^c22779361]: [S. 560(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2A/2B) inserted (with effect in accordance with [Sch. 8 para. 2(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/2)
[^c22780211]: [S. 560(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/da) inserted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [Sch. 16 para. 58(a)](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/58/a); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22780251]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22780231]: Words in [s. 560(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/e) repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [Sch. 16 para. 58(b)](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/58/b), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22780771]: Words in [s. 560(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/aa) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No.2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(3)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/3)
[^c22783061]: Words in [s. 560(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c21613361]: Source-1975 (No.2) s.70(1)-(6), (9)-(11), 70A(1), (2), 71(4); 1982 Sch.8 3, 5; 1987 (No.2) s.93
[^c22771281]: Words in [s. 561(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/2/c) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/5)
[^c22775401]: Words in [s. 561(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/1) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775511]: Words in [s. 561(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/2/b) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/1); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775421]: Words in [s. 561(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/3) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 3, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775441]: [S. 561(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/4/5) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775471]: Words in [s. 561(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/6) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 3, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775531]: Words in [s. 561(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/10) substituted (with effect in accordance with Sch, 27 [para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/2); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c22775551]: Words in [s. 561(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/11) inserted (with effect in accordance with [Sch. 27 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/3/a)
[^c22775571]: Words in [s. 561(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/11) substituted (with effect in accordance with Sch, 27 [para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/3/b); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c22775491]: [S. 561(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/12) repealed (with effect in accordance with Sch. 27 para. 8(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21), Note 2; [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c23749351]: Words in [s. 561(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 59](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/59) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613371]: Source-1975 (No.2) Sch.12 Pt. I 1
[^c21613431]: Source-1975 (No.2) Sch.12 Pt.I 3(1); 1982 Sch.8 11
[^c21613441]: Source-1975 (No.2) Sch.12 Pt.I 3(1A); 1982 Sch.8 12
[^c21613451]: Source-1975 (No.2) Sch.12 Pt.I 3(2); 1980 Sch.8 7; 1982 Sch.8 13
[^c21613471]: Source-1975 (No.2) Sch.12 Pt.I 4.
[^c21613481]: [1975 c. 14](https://www.legislation.gov.uk/ukpga/1975/14).
[^c21613491]: [1975 c. 15](https://www.legislation.gov.uk/ukpga/1975/15).
[^c21613501]: Source-1975 (No.2) Sch.12 Pt.I 7
[^c22780831]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22775591]: Words in [s. 562(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/1) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/2/a), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775671]: Words in [s. 562(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/1) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/2/b); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775691]: [S. 562(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/2A/2B) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/3); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775611]: [S. 562(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/3) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775711]: Words in [s. 562(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/9) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/5); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775731]: Words in [s. 562(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/11) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/6); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775751]: [S. 562(13A)(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/13A/14) substituted for s. 562(14) (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/7); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c21613611]: Source-1975 (No.2) Sch.12 Pt.III 1, 2; 1980 Sch.8 7
[^c22775771]: [S. 564(2A)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2A) substituted for s. 564(3)-(5) (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/6); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22780861]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22779401]: Words in [s. 564(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2A) substituted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/1)
[^c22779421]: [S. 564(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2AA) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/2)
[^c22779441]: [S. 564(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2C) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/3)
[^c21613691]: Words in [s. 565(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/a) substituted (E.W.S.) (1.4.1990 with effect in accordance with [S.I. 1990/355](https://www.legislation.gov.uk/uksi/1990/355), [arts. 6-9](https://www.legislation.gov.uk/uksi/1990/355/article/6), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/355/schedule/1)) by [Companies Act 1989 (c. 40)](https://www.legislation.gov.uk/ukpga/1989/40), [Sch. 10 para. 38(3)](https://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/38/3); [S.I. 1990/355](https://www.legislation.gov.uk/uksi/1990/355), [arts. 3](https://www.legislation.gov.uk/uksi/1990/355/article/3), [8](https://www.legislation.gov.uk/uksi/1990/355/article/8), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/355/schedule/1)
[^c21613711]: Words in [s. 565(6)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/d) substituted (E.W.S) (1.10.1990 with saving and transitional provisions in [S.I. 1990/1707](https://www.legislation.gov.uk/uksi/1990/1707), [arts. 4](https://www.legislation.gov.uk/uksi/1990/1707/article/4), [5](https://www.legislation.gov.uk/uksi/1990/1707/article/5)) by [Companies Act 1989 (c. 40)](https://www.legislation.gov.uk/ukpga/1989/40), [s. 139(5)](https://www.legislation.gov.uk/ukpga/1989/40/section/139/5)
[^c21613751]: Source-1975 (No.2) Sch.12 Pt.IV 1, 2(1), (2); 1980 Sch.8 7; 1982 Sch.8 15
[^c21613761]: Source-1975 (No.2) Sch.12 Pt.IV 3
[^c21613771]: [1975 c. 14](https://www.legislation.gov.uk/ukpga/1975/14).
[^c21613781]: [1975 c. 15](https://www.legislation.gov.uk/ukpga/1975/15).
[^c21613791]: Source-1975 (No.2) Sch.12 Pt.IV 6; 1987 Sch.15 8
[^c21613801]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21613821]: [S. 565(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/b) repealed (1.10.1991) by [Companies Act 1989 (c. 40, SIF 27)](https://www.legislation.gov.uk/ukpga/1989/40), [ss. 212](https://www.legislation.gov.uk/ukpga/1989/40/section/212), [213](https://www.legislation.gov.uk/ukpga/1989/40/section/213), [Sch. 24](https://www.legislation.gov.uk/ukpga/1989/40/schedule/24); [S.I. 1991/1996](https://www.legislation.gov.uk/uksi/1991/1996), [art. 2(c)(iv)](https://www.legislation.gov.uk/uksi/1991/1996/article/2/c/iv)
[^c21613841]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21613851]: Words in [s. 565(7)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/7/d) substituted (1.10.1991) by [S.I. 1990/1504](https://www.legislation.gov.uk/uksi/1990/1504), [art. 74(5)](https://www.legislation.gov.uk/uksi/1990/1504/article/74/5); [S.R. 1991/398](https://www.legislation.gov.uk/nisr/1991/398), [art. 2(a)](https://www.legislation.gov.uk/nisr/1991/398/article/2/a) (subject to the provisions set out in [S.R. 1991/398](https://www.legislation.gov.uk/nisr/1991/398), [arts. 3](https://www.legislation.gov.uk/nisr/1991/398/article/3), [4](https://www.legislation.gov.uk/nisr/1991/398/article/4))
[^c21613861]: Source-1975 (No.2) Sch.12 Pt.IV 7
[^c21613871]: Source-1975 (No.2) Sch.12 Pt.IV 2(3)
[^c22775791]: [S. 565(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2A) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 7(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/7/1); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775811]: [S. 565(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/8A) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 7(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/7/2); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22780871]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22779461]: [S. 565(2A)(2B)(2BB)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2A/2B/2BB) substituted for s. 565(2A)(2B) (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/4/1)
[^c22779481]: [S. 565(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2D) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/4/2)
[^c23749371]: Words in [s. 565(2C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2C/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 60](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/60) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613921]: *For regulations see* Part III Vol.5.*And see* 1970(M) s.98A—*special penalties in the case of certain returns.*
[^c21613931]: Source-1975 (No.2) s.69(6)
[^c21613951]: Source-1975 (No.2) s.70(7); 1982 Sch.8 4; 1987 (No.2) s.93 (5), (6)
[^c22775831]: [S. 566(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/3) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/7/paragraph/9)
[^c22776111]: Words in [s. 566(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(32)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/32)
[^c22776451]: [S. 566(2A)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 178(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/178/1)
[^c22778761]: Words in [s. 566(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2/c) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/8)
[^c22779881]: [S. 566(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/4/5) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/6)
[^c22797721]: [S. 566(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/5) repealed (prosp.) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 133(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/133/4), [Sch. 20 Pt. 7](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/7), Notes 1 and 2
[^c23749391]: Words in [s. 566(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 61](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/61) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23749411]: [S. 566(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/1A) inserted (with effect in accordance with [s. 147(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/147/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 147(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/147/1)
[^c21613961]: Source-1975 (No.2) s.71(8)
[^c21613971]: *For regulations see* Part III Vol.5.
[^c21613981]: Source-1975 (No.2) Sch.13 Pt.I
[^c21613991]: Source-1975 (No.2) Sch.13 Pt.II; 1980/1171
[^c21614001]: Source-1975 (No.2) s.71(8), Sch.13, Pt.I
[^c21614011]: [1971 c. 61](https://www.legislation.gov.uk/ukpga/1971/61).
[^c21614021]: Source-1975 (No.2) s.71 (9) (10)
[^c23749431]: Words in [s. 567(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/567/2/b) substituted (25.7.2003 for specified purposes and 29.12.2003 otherwise) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [s. 411(2)](https://www.legislation.gov.uk/ukpga/2003/21/section/411/2), [Sch. 17 para. 88](https://www.legislation.gov.uk/ukpga/2003/21/schedule/17/paragraph/88); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3](https://www.legislation.gov.uk/uksi/2003/1900/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3), [3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23749581]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749661]: Words in [s. 570(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749701]: Words in [s. 571(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774821]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c22774761]: [S. 574(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1/2) substituted (with effect in accordance with [s. 210(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/210/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 210](https://www.legislation.gov.uk/ukpga/1994/9/section/210) (as amended (retrospectively) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 119](https://www.legislation.gov.uk/ukpga/1995/4/section/119)) (with Sch. 20)
[^c22774801]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/8)
[^c22774781]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22797731]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c23754311]: Words in [s. 574(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/3/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [77](https://www.legislation.gov.uk/uksi/2005/3229/regulation/77)
[^c21614411]: Source-1970 s.411(1)-(8); 1985 s.43; 1971 s.50(8)
[^c22774241]: [S. 577(2)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/2/4/6) repealed (with effect in accordance with s. 72(1) of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4)
[^c21614461]: Source-1980 s.54, 118(3); 1983 s.46(3)(b)
[^c21614471]: Source-1970 s.411(9)
[^c22780041]: Words in [s. 577(1)(a)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/9) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778801]: Words in [s. 577(1)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/9) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22781671]: Word at the end of s. 577(1)(a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/a)
[^c22781381]: Words in [s. 577(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/a) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781411]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/3), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22782731]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/2/b)
[^c22782751]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) inserted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/3)
[^c23754921]: [S. 577(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781351]: [S. 577(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/c) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23754941]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23754991]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) re-numbered as s. 577(1)(a)(i) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(a)
[^c23754961]: [S. 577(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/ii) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(b)
[^c23755011]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755031]: Words in [s. 577(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755051]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755071]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755101]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755121]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755141]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755161]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755181]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755201]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755221]: Words in [s. 577(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755241]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755261]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755281]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755311]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755341]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755421]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755361]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755381]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755401]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614491]: Source-1970 s.376
[^c23755531]: Words in [s. 578(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775891]: [S. 579](https://www.legislation.gov.uk/ukpga/1988/1/section/579) modified (with effect in accordance with s. 39(3)-(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/23)
[^c21614501]: Source-1970 s.412(1)-(6)
[^c22776841]: [S. 579(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/a) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22776861]: Word in [s. 579(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777001]: Words in [s. 579(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/a)
[^c22776911]: Words in [s. 579(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777051]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/b)
[^c22777781]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22780081]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778861]: [S. 579(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/4) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c22780091]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23755611]: [S. 579(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 63](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/63), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23755631]: [S. 579(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3/3A) substituted for s. 579(3) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 26(2)
[^c23755651]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755671]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755721]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755741]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755761]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755781]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755801]: Words in [s. 579(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614531]: Source-1970 s.412(7), (8)
[^c22777661]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/a)
[^c22777681]: Words in [s. 580(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/b) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/b)
[^c22777721]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/c)
[^c22776951]: [S. 580(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/2) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777801]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22777821]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c23755831]: [S. 580(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 64](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/64), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614601]: Source-1970 s.417; 1971 Sch.6 47
[^c22776561]: Word in [s. 582(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/a/i) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/14/1)
[^c22776151]: Words in [s. 582(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para 32(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/32/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776601]: Words in [s. 582(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/b/i) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 32(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/32/b)
[^c22776581]: [S. 582(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2A) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/14/2)
[^c22783181]: [S. 582(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/3A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 50](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/50)
[^c23755971]: [S. 582](https://www.legislation.gov.uk/ukpga/1988/1/section/582) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/7)
[^c23755871]: Words in [s. 582(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755891]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755911]: Words in [s. 582(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755931]: Words in [s. 582(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755951]: Words in [s. 582(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614631]: *See* 1979(C) s.13—*delayed remittances of capital gains.*
[^c21614641]: [S. 584(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/10) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21614651]: Source-1970 s.418(1), (2), (2A), (2B); 1987 (No.2) Sch.6 6
[^c21614681]: Source-1972 s.124(2)(a)
[^c21614691]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21614761]: Source-1987 (No.2) Sch.6 6(5)
[^c22776641]: [S. 584(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/2A) substituted for s. 584(2)(3) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/2)
[^c22776661]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/3)
[^c22776681]: Words in [s. 584(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/5) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/4)
[^c22776701]: [S. 584(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/5)
[^c22776741]: Words in [s. 584(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/7)
[^c23756041]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756061]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756081]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756121]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756141]: Word in [s. 584(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756161]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756181]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756201]: [S. 584(6)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6/a/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614791]: Source-1970 s.420
[^c23756281]: Words in [s. 586(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/586/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 247](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/247) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614801]: Source-1970 s.421
[^c23756341]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756301]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756321]: Words in [s. 587(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775921]: [S. 588](https://www.legislation.gov.uk/ukpga/1988/1/section/588) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24) (the modification consisting of the insertion of a s. 588(4A) for limited purposes, and that s. 588(4A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c21614821]: Source-1987 s.35(1)-(7)
[^c22780121]: Word in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22780811]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) inserted (with effect in accordance with [s. 93(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/93/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/2)
[^c23761531]: [S. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted for s. 588(1)(2) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761551]: [S. 588(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761611]: [S. 588(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/a) and word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761571]: Words in [s. 588(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761591]: Words in [s. 588(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762051]: [S. 588(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(2)
[^c23762071]: [S. 588(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(3)
[^c23762091]: Word in [s. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762111]: Words in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762131]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762161]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762181]: Word in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762241]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762201]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762221]: Word in [s. 588(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22776621]: Words in [s. 582A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/6)
[^c22776171]: [S. 582A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/3) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/22), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2)
[^c22781061]: Words in [s. 582(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23756021]: Words in [s. 582A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/6) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/10/2)
[^c22776801]: Words in [s. 587A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587A/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 33](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/33) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22774861]: [S. 577A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1A) inserted (with application in accordance with [s. 141(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/2)
[^c22774881]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (with application in accordance with s. 141(4)) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/3)
[^c22780061]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778831]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22783101]: Words in [s. 577A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1) renumbered as s. 577A(1)(a) (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/a)
[^c22783121]: [S. 577A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/b) and preceding word inserted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/b)
[^c23755461]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) re-numbered as s. 577A(2)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(a)
[^c23755441]: [S. 577A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2/b) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(b)
[^c23755481]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755511]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775941]: [S. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 25](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/25) (the modification consisting of the insertion of a s. 589A(9A) for limited purposes, and that s. 589A(9A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c22780131]: Word in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23762311]: [S. 589A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/1/1A) substituted for s. 589A(1) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762331]: [S. 589A(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762391]: [S. 589A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/10) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762411]: [S. 589A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/9) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 29(2)
[^c23762431]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762451]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762471]: Words in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762551]: Words in [s. 589B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781131]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (with effect in accordance with reg. 30AA(3) of the modifying reg.) by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30AA(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/30AA/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [5](https://www.legislation.gov.uk/uksi/2000/2710/regulation/5))
[^c22783261]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "qualifying investment" repealed (with effect in accordance with s. 97(6) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1), [Sch. 40 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/15), Note
[^c22783281]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): in definition of "qualifying investment", para. (e) and preceding word inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1)
[^c22783301]: [S. 587B(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9A) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/2)
[^c22783321]: [S. 587B(9E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9E/a) modified (temp.) (with effect in accordance with s. 97(6) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(7)(8)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/7/8)
[^c22783341]: [S. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/3)
[^c23756541]: [S. 587B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/4) substituted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/2)
[^c23756561]: [S. 587B(8A)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/3)
[^c23756601]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "obligation" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756661]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "offshore fund" substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 10](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/10) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23756621]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "related liabilities" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756641]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "value of the net benefit to the charity" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756581]: [S. 587B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/10A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/5)
[^c23756691]: Words in [s. 587B(8)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8/b/i) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 27(2)
[^c23756751]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2005/2014/regulation/21); and that modifying reg. 21 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2007/2134/regulation/20)
[^c23756711]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756731]: Words in [s. 587B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782771]: Word at the end of s. 578A(1)(a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/a)
[^c22781871]: [S. 578A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1/c) and preceding word repealed (with effect in accordance with s. 57(4), Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/b), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22783161]: [S. 578A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/3) modified (with effect in accordance with s. 80(2) of the 2002 amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 93A(4)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/93A/4/a/6/a) (as inserted by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 24 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/24/paragraph/4))
[^c22783141]: [S. 578A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2A/2B) inserted (with effect in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 60(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/1)
[^c23755551]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(2)
[^c23755571]: [S. 578A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/bb) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(3)
[^c23755591]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614081]: Source-1981 s.36(1)-(5)
[^c21614091]: Source-1981 s.36(6); 1980 s.37(3)
[^c22781111]: [S. 573(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/2) restricted (with effect in accordance with s. 63(4) of the affecting Act) by Finance Act 2000, Sch. 15 para. 70(2)
[^c22780901]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/i)
[^c22780921]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/ii)
[^c22780941]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iii)
[^c22780961]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iv)
[^c22780981]: [S. 573(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/b)
[^c22774841]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614221]: Source-1980 s.37(6)-(8); 1981 s.36(6)
[^c21614231]: Words in [s. 575(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/c) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(34)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614241]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614261]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22781001]: [S. 575(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/ba) inserted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/3)
[^c22774851]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614331]: Words in [s. 576(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614361]: Source-1980 s.37(12); 1981 s.36(6), (7); 1987 (No.2) s.71
[^c21614371]: Definition in s. 576(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(b)(i)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/b/i) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614381]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(b)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/b/ii) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22798611]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) inserted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/6)
[^c21614401]: 1989 s.107*and* Sch.12 para.14*in relation to disposals made after* 31*March* 1989.*Previously* “(a) a trading company within the meaning of paragraph 7 of Schedule 19”.
[^c22779921]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/1)
[^c22779941]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/2)
[^c22779961]: [S. 576(4)-(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) substituted for s. 576(4) (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/3)
[^c22779981]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/a)
[^c22780001]: Word in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/b)
[^c22780021]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): definition of "shares" substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/c)
[^c22778781]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) repealed (with effect in accordance with s. 80(5)(b), Sch. 27 Pt. 3(16) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(d)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/d), [Sch. 27 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/16)
[^c22781021]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/a)
[^c22781041]: [S. 576(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1C) inserted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/b)
[^c22781831]: Words in [s. 576(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) repealed (with effect in accordance with Sch. 15 para. 38(5)(6) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/2), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 3
[^c22782621]: [S. 576(4A)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/ab) inserted (with effect in accordance with [Sch. 15 para. 38(5)(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/5/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/a)
[^c22782671]: Words in [s. 576(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/b) substituted (with effect in accordance with [Sch. 15 para. 38(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/b)
[^c22782691]: Words in [s. 576(4A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/d) inserted (with effect in accordance with [Sch. 15 para. 38(5)(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/5/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/c)
[^c22781851]: Words in [s. 576(4B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4B/a) repealed (with effect in accordance with Sch. 15 para. 38(5)(6) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 3
[^c23753991]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): definition of "civil partner" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [78(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/78/b)
[^c23753971]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): words in definition of "spouse" substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [78(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/78/a)
[^c23754601]: [S. 576B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/576B/9) inserted (6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/3), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23754621]: [S. 576D(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/576D/3A) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/2)
[^c23754681]: [S. 576K(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576K/4) inserted (6.4.2007) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 16 paras. 11(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/11/4), [13](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/13)
[^c21616431]: [1939 c. 49](https://www.legislation.gov.uk/ukpga/1939/49).
[^c23484131]: [S. 613(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/1/2) (which were repealed by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)) restored (retrospectively) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 para. 63](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/63)
[^c21617661]: Source-1970 s.219(3)
[^c21617671]: Words in [s. 617(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/a) substituted (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/6/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 2 para. 93(4)](https://www.legislation.gov.uk/ukpga/1992/6/schedule/2/paragraph/93/4)
[^c21617681]: Words in [s. 617(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/b) substituted (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/9/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 2 para. 33(4)](https://www.legislation.gov.uk/ukpga/1992/9/schedule/2/paragraph/33/4)
[^c22889541]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) repealed (with effect in accordance with s. 147(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 147(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/147/1), [Sch. 41 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/15), Note
[^c22890381]: [S. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 65(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 65(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/3)
[^c22893901]: Words in [s. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 61(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/1)
[^c22899941]: [S. 617(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/6) repealed (24.4.2000 for specified purposes and 9.4.2001 otherwise) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/1), [Sch. 8 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/30/schedule/8/paragraph/1/3), [Sch. 13 Pt. 5](https://www.legislation.gov.uk/ukpga/1999/30/schedule/13/part/5); [S.I. 2000/1047](https://www.legislation.gov.uk/uksi/2000/1047), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2000/1047/article/2/2/a), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2000/1047/schedule/part/1)
[^c23481861]: [S. 617(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482271]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483111]: Words in [s. 617(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Sch. para. 31(2)
[^c23483341]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483361]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483381]: Word at the end of s. 617(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483221]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483401]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619331]: Source-1970 s.230(1)
[^c21619341]: Source-1970 s.230(2A); 1970(F) Sch.4 8
[^c21619351]: Source-1970 s.230(2)(a)-(c)
[^c21619361]: Source-1970 s.230(2)(d), (2A); 1970(F) Sch.4 8
[^c21619371]: Source-1970 s.230(3)-(5)
[^c21619381]: [S. 656(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/7) inserted (retrospectively) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/76/1)
[^c23484021]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484041]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484061]: Words in [s. 656(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619391]: Source-1970 s.230(6), (7); 1978 s.26(4); 1987 (No.2), s.41(3)
[^c23484111]: Words in [s. 657(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 269](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/269) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23486281]: Words in [s. 657(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23486301]: [S. 657(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/d/e) substituted for s. 657(2)(d)-(f) (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 27(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/27/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21619401]: Source-1970 s.231
[^c21619411]: *For regulations see* Part III Vol.5 (*under* “*Life annuities, purchased*”).
[^c21619421]: 1989 s.170(4)(c)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c23483441]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483271]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483461]: [S. 658(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21620031]: 1989 s.109(1).
[^c21621191]: *See*—s.186(11)—*approved profit sharing schemes.*[s.454](https://www.legislation.gov.uk/ukpga/1988/1/section/454)—*underwriter's special reserve fund not to be treated as settlement.*[s.469(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1)—*unit trusts.*[s.832](https://www.legislation.gov.uk/ukpga/1988/1/section/832)— “additional rate” *defined.*1990 s.56*and* Sch.10 para.19—*convertible securities.*Vol.1. Table D(2).
[^c21621201]: Source-1973 s.16(1)-(6); 1986 s.47(4)(a)
[^c21621211]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621221]: [S. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621231]: 1988(F) s.55(3)—*from* 1*July* 1988.*Previously* “(c) is not income arising under a trust established for charitable purposes only or income from investments, deposits or other property held for the purposes of a fund or scheme established for the sole purpose of providing relevant benefits within the meaning of section 612; and”.
[^c21621241]: [S. 686(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621251]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21621261]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21621271]: *See* 1990 s.30*and* Sch.5 para.13*and* s.132*and* Sch.19 Part IV—subs.(5)*repealed as regards a sum paid or credited on or after* 6*April* 1991.
[^c21621281]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/4), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23313261]: [S. 686(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/b) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/13)
[^c23313301]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/13)
[^c23313281]: [S. 686(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/15)
[^c23313321]: [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4).
[^c23313411]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) extended (with effect in accordance with Sch. 7 para. 3(5) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [3(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2)
[^c23313391]: [S. 686(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/d) and preceding word repealed (with effect in accordance with Sch. 7 para. 12(4) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/1), [Sch. 18 Pt. 6(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/7), Note 1
[^c23313351]: [S. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) inserted (with effect in accordance with [Sch. 7 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/4) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/1)
[^c23313371]: Words in [s. 686(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A) substituted (with effect in accordance with [Sch. 7 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/4) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/2)
[^c23313421]: [S. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) applied (with effect in accordance with Sch. 7 para. 3(5) of the affecting Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/4)
[^c23313431]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/2/a)
[^c23313451]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/2/b)
[^c23313471]: [S. 686(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/3)
[^c23313491]: Words in [s. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/4)
[^c23313511]: Words in [s. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) substituted (6.4.1999) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(5)(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/5/10)
[^c23313531]: Words in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/6)
[^c23313551]: [S. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/7)
[^c23313591]: Words in [s. 686(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/c) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/3/2)
[^c23313611]: [S. 686(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/3/3)
[^c23765311]: Words in [s. 686(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/a) substituted (with effect in accordance with [s. 29(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 29(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/2/a)
[^c23765331]: Words in [s. 686(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/b) substituted (with effect in accordance with [s. 29(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/2/b)
[^c23765351]: Word in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765371]: Word in [s. 686(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765391]: Word in [s. 686(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765411]: Word in [s. 686(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765431]: Word in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765461]: Words in [s. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765481]: [S. 686(5A)(a)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A/a) substituted for s. 686(5A)(a)-(g) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765501]: [S. 686(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765521]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765541]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/2)
[^c23765621]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/2), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765631]: Words in [s. 686(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/3), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765851]: Word in [s. 686(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/2/1/a/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23765831]: Words in [s. 686(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/b) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 2(1)(b)(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/2/1/b/2)
[^c23765561]: Words in [s. 686(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/c) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 29(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/29/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23765651]: Words in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(4)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/4/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765671]: Words in [s. 686(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA/b) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/4/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765691]: Words in [s. 686(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/5/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765711]: Words in [s. 686(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/5/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765731]: Words in [s. 686(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2B) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/6), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765751]: Words in [s. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(7)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/7/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765771]: Words in [s. 686(5A)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A/f) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(7)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/7/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765801]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 15(8)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/15/8), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765581]: Word in [s. 686(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6A) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 29(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/29/3/a) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23765601]: Words in [s. 686(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6A) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 29(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/29/3/b) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23765871]: [S. 686(2)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/ba) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/90/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/90/2)
[^c23765891]: [S. 686(6ZA)(6ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6ZA/6ZB) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/90/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/90/3)
[^c21621381]: Words in [s. 687(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/2) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621391]: *See* 1990 s.30*and* Sch.5 para.14*and* s.132*and* Sch.19 Part IV—*words following* paragraph (i)*repealed as regards an amount paid or credited on or after* 6*April* 1991.
[^c21621401]: [S. 687(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3) amended (*retrospectively*) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/79/1/2), [Sch. 6 para. 9(2)(d)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/2/d)
[^c21621411]: Source-1973 s.17(3)(a)-(d), (f), (g); 1975 (No.2) s.34 (6); 1984 s.100(2); 1985 Sch.23 8(3); 1974 Sch.7 8
[^c21621471]: Words in [s. 687(3)(e)(f)(h)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/e/f/h/i) and (j), as it so has effect, substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 9(2)(d)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/2/d), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621491]: 1989 s.96(2)*in relation to certain deep discount securities and certain deep gain securities from* 14*March* 1989.
[^c21621521]: [S. 687(3)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/j) inserted (*retrospectively* s. 687(3) has effect, and is deemed always to have had effect, as if s. 687(3) included para. (j)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/79/2)
[^c21621531]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c21621551]: Source-1973 s.17(5)
[^c22900411]: [S. 687(3)(aaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aaa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/15)
[^c23313671]: [S. 687(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/2)
[^c23313691]: Words in [s. 687(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/2/a) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/3)
[^c23313711]: [S. 687(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/5) added (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/4)
[^c23313731]: [S. 687(3)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/k) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/35) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313751]: [S. 687(3)(a)(a1)(a2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a/a1/a2/aa) substituted for s. 687(3)(a)(aa) (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/2)
[^c23313811]: [S. 687(3)(aaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aaa) repealed (with effect in accordance with Sch. 6 para. 10(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/10/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23313771]: [S. 687(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b) substituted (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/3)
[^c23313791]: [S. 687(3)(bb)(bc)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/bb/bc) inserted (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/4)
[^c21621461]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989
[^c23765991]: Words in [s. 687(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766011]: Word in [s. 687(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766031]: Words in [s. 687(3)(a1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766061]: Words in [s. 687(3)(a1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766081]: Words in [s. 687(3)(a2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766101]: Words in [s. 687(3)(a2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766131]: Words in [s. 687(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766491]: Words in [s. 687(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766541]: Words in [s. 687(3)(b)(bb)(bc)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b/bb/bc) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766611]: Words in [s. 687(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766631]: Words in [s. 687(3)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/bb) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766651]: [S. 687(3)(l)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/l) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766671]: [S. 687(3)(aa1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa1) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/3)
[^c23766711]: [S. 687(3)(l)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/l) inserted (with effect in accordance with [s. 45](https://www.legislation.gov.uk/ukpga/2005/7/section/45) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/44/1)
[^c23766691]: [S. 687(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3A) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/4)
[^c23766731]: Word in [s. 687(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [94](https://www.legislation.gov.uk/uksi/2005/3229/regulation/94)
[^c23766751]: Words in [s. 687(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 17](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/17), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765911]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) substituted (with effect in accordance with [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/3/1)
[^c23766771]: Words in [s. 687A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687A/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 18](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/18), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23765931]: Words in [s. 686D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686D/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(1)(a)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/1/a/3)
[^c23765951]: Words in [s. 686D(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/686D/3) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(1)(b)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/1/b/3)
[^c23765971]: Words in [s. 686D(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686D/7/b) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 16](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/16), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21621651]: *See* Inheritance Tax Acts.
[^c21621661]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c21621671]: Source-1977 s.38(1); 1982 Sch.10 1; ITA Sch.8 8
[^c21621681]: Source-1977 s.38(2); 1980 s.88(7); 1987 Sch.15 10
[^c21621691]: Source-1977 s.38(3), (4)
[^c21621701]: Source-1977 s.38(5); 1982 Sch.10 1(3); ITA Sch.8 8
[^c23314041]: Words in [s. 691(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/691/4) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/19)
[^c23767851]: Words in [s. 691(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/691/2/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 281](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/281) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621711]: Source-1982 s.61; ITA Sch.8 21
[^c23314061]: Words in [s. 692(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/692/1) substituted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/26)
[^c23767871]: Words in [s. 692(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/692/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 282](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/282) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621721]: Source-1982 s.62(1), (2); ITA Sch.8 22
[^c21621781]: Source-1980 s.52(1), (2); 1982 Sch.10 2(2) (3); ITA Sch.8 17
[^c21621791]: *Repealed by* 1988(F) s.24(3)*for* 1988-89*and subsequent years.*
[^c21621801]: 1988(F) s.24(3).
[^c21621811]: Words in [s. 694(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/2A) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.10](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/10), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621821]: Source-1980 s.52(3)-(6); ITA Sch.8 17
[^c21621831]: Source-1980 s.52(7); 1982 Sch.10 2(4); ITA Sch.8 17
[^c23767911]: Words in [s. 694(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 283](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/283) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767931]: Word in [s. 694(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [95](https://www.legislation.gov.uk/uksi/2005/3229/regulation/95)
[^c23763431]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763451]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763531]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [93](https://www.legislation.gov.uk/uksi/2005/3229/regulation/93)
[^c23313871]: [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4).
[^c23767711]: Words in [s. 689A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 19](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/19), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23313881]: Words in [s. 689B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/a) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/a)
[^c23313901]: Words in [s. 689B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/b) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/b)
[^c23313921]: [S. 689B(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/c) and preceding word added (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/c)
[^c23313981]: [S. 689B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/4)
[^c23314001]: Words in [s. 689B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/3) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/5)
[^c23767651]: [S. 689B(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2/a) substituted for s. 689(2)(za)-(c) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767671]: [S. 689B(2A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A/a/b) substituted for words in s. 689(2A) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767691]: [S. 689B(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767731]: Words in [s. 689B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 20](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/20), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21621881]: Source-1970 s.426; 1971 Sch.6 52
[^c21621891]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621901]: *See* 1974 s.44(4) and Sch.7 para.9(1)(2)—*development gains to be excluded from aggregate income and United Kingdom tax thereon to be left out of account.*
[^c22901391]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) repealed (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901371]: [S. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1)
[^c23768011]: Words in [s. 695(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768031]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768051]: Word in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768071]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768101]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768121]: Word in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768141]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768161]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768181]: Word in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768201]: Words in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768221]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768391]: Words in [s. 695(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768241]: Word in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768261]: Words in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768281]: Words in [s. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768311]: Words in [s. 695(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768331]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768351]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768411]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768371]: [S. 695(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621921]: Source-1970 s.427; 1971 Sch.6 53
[^c22901411]: [S. 696(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted for s. 696(3) (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/1)
[^c21621941]: Words in [s. 696(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22901431]: [S. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/2)
[^c23768431]: Words in [s. 696(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768451]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768491]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) added (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768511]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768531]: Word in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768551]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768571]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768601]: Words in [s. 696(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768621]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768641]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768671]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768701]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768721]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768741]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768771]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768811]: Words in [s. 696(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768831]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768861]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768881]: Word in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768901]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769031]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768921]: Word in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768941]: Words in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768981]: Words in [s. 696(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768961]: Words in [s. 696(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769051]: Words in [s. 696(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(11)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769011]: [S. 696(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(12)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621951]: Source-1970 s.428; 1971 Sch.6 54
[^c22901451]: [S. 697(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/1A) inserted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/1)
[^c22901471]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/2)
[^c23769091]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769121]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769071]: Words in [s. 697(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769151]: [S. 697(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621971]: Source-1970 s.429; 1971 Sch.6 55
[^c22901491]: [S. 698(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1A/1B/2) substituted for s. 698(2) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/1)
[^c23769171]: Words in [s. 698(1B)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1B/c/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769191]: Words in [s. 698(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769211]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769231]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769251]: [S. 698(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622061]: Source-1970 s.431; 1971 Sch.6 57
[^c22901511]: [S. 700(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/6) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/6)
[^c22901671]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/20)
[^c23769681]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769701]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769721]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769761]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769801]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769821]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769841]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769871]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769891]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769951]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769991]: Words in [s. 700(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770011]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770031]: Words in [s. 700(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770051]: Words in [s. 700(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770171]: Word at the end of s. 700(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770071]: [S. 700(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770091]: Words in [s. 700(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770111]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770131]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770151]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622141]: Source-1970 s.432; 1972 Sch.24 25; 1975 (No.2) s.34(5)
[^c21622151]: [S. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21622161]: *Definition applied for purposes of* 1979(C)—*see* 1979(C) s.155(1).
[^c21622171]: [1925 c. 23](https://www.legislation.gov.uk/ukpga/1925/23).
[^c21622191]: Source-1970 s.426(1)
[^c22901571]: [S. 701(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/5)
[^c22901591]: [S. 701(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/14) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/7), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901901]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/8)
[^c22901951]: Words in [s. 701(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b) renumbered as s. 701(3A)(b)(i) (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by virtue of [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/a)
[^c22901961]: Words in [s. 701(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/i) inserted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/b)
[^c22901931]: [S. 701(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/ii) added (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/c)
[^c23770381]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770511]: Word at the end of s. 701(8)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770451]: [S. 701(8)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770531]: Words in [s. 701(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770471]: Words in [s. 701(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770491]: Words in [s. 701(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622221]: Source-1970 s.433; 1987 Sch.15 2(15)
[^c23770681]: Words in [s. 702(a)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/702/a/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [96](https://www.legislation.gov.uk/uksi/2005/3229/regulation/96)
[^c22901881]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/1)
[^c23769271]: Words in [s. 698A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769291]: Word in [s. 698A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769311]: Words in [s. 698A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769331]: Words in [s. 698A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769351]: Word in [s. 698A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769371]: Words in [s. 698A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769391]: Word in [s. 698A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769411]: Words in [s. 698A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901691]: Words in [s. 699A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/2)
[^c22901711]: [S. 699A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/1B) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/3)
[^c22901741]: [S. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) and preceding word inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/4)
[^c22901761]: Words in [s. 699A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A) inserted (with effect in accordance with [s. 33(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/10) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/3)
[^c22901781]: Word in [s. 699A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/2/b) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/4)
[^c22901821]: Words in [s. 699A(4)(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a/c) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/5)
[^c23769451]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/4)
[^c23769471]: Words in [s. 699A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769511]: Words in [s. 699A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769591]: [S. 699A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769531]: Words in [s. 699A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769551]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769571]: Word in [s. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769621]: [S. 699A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23314101]: [Pt. 17 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/1) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/5)
[^c21622281]: Source—1970 s.460(1)-(3)
[^c21622311]: Source—1970 s.460(5)-(9)
[^c21622321]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21622331]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c23211461]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) inserted (with effect in accordance with [Sch. 3 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/2)
[^c23211481]: [S. 703(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/4) repealed (with effect in accordance with Sch. 3 para. 32(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23770921]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 293](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/293) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622341]: Source—1970 s.461; 1973 s.54, Sch.11 2(a), (b)
[^c22904151]: Words in [s.704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (with effect in accordance with [s.175(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 175(1)-(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/1)
[^c23160831]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(e) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c23288361]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) modified (9.3.1999) by [The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (S.I. 1999/358)](https://www.legislation.gov.uk/uksi/1999/358), [regs. 1](https://www.legislation.gov.uk/uksi/1999/358/regulation/1), [23](https://www.legislation.gov.uk/uksi/1999/358/regulation/23)
[^c23211521]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(d) repealed (with effect in accordance with Sch. 3 para. 33(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 33(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/33/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21622351]: Source—1970 s.462
[^c23314111]: [S. 705(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/4) repealed (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 23](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/23), [Sch. 2 Pt. 1](https://www.legislation.gov.uk/uksi/1994/1813/schedule/2/part/1)
[^c23211541]: [S. 705(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/6) repealed (with effect in accordance with Sch. 3 para. 34(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 34(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/34/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21622391]: *See*—1970(M) s.6(1)—*declaration to be made by member of tribunal on appointment.*1989 s.182—*disclosure of information* (*in* Part II Vol.5).
[^c21622401]: [S. 706](https://www.legislation.gov.uk/ukpga/1988/1/section/706) renumbered as s. 706(1) (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622411]: Source—1970 s.463; 1982 Sch.21 3(1)
[^c21622421]: [S. 706(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/706/2) added (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622431]: Source—1970 s.464
[^c21622441]: Source—1970 s.465
[^c21622451]: *Definition applied for purposes of* 1990 Sch.10—*convertible securities.*
[^c21622461]: Source—1970 s.466(1); 1973 Sch.11 4
[^c21622471]: Source—1970 s.467; 1973 Sch.11 5
[^c23116391]: [S. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) inserted (with effect in accordance with [s. 73(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/1)
[^c23160851]: Words in [s. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) repealed (with effect in accordance with Sch. 4 para. 19(2), Sch. 8 Pt. 2(9) Note 2 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 19(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/19/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23314151]: The definition of “the Taxes Act” in section 118(1) was amended by paragraph 32(d) of Schedule 8 to the [Development Land Tax Act 1976 (c.24)](https://www.legislation.gov.uk/ukpga/1976/24), [paragraph 8](https://www.legislation.gov.uk/ukpga/1976/24/paragraph/8) of Schedule 7 to the [Capital Gains Tax Act 1979 (c.14)](https://www.legislation.gov.uk/ukpga/1979/14), [Schedule 31](https://www.legislation.gov.uk/ukpga/1979/14/schedule/31) to the Income and Corporation Taxes Act 1988, and paragraph 2(11)(b) of Schedule 10 to the [Taxation of Chargeable Gains Act 1992 (c.12)](https://www.legislation.gov.uk/ukpga/1992/12).
[^c21623221]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623231]: Source—1985 Sch.23 1
[^c21623241]: Words in [s. 710(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 2(2)(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/2/2/4)
[^c21623251]: [S. 710(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 2(3)(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/2/3/4)
[^c21623261]: Words in [s. 710(2A)(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2A/13) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(36)(a)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/36/a/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21623271]: [S. 710(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/da) inserted (16.7.1992 with effect as mentioned in [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6) of the amending Act) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 5](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/5), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21623281]: Source—1985 Sch.23 2(2)
[^c21623291]: Source—1985 Sch.23 2(3), (4)
[^c21623301]: Source—1985 Sch.23 2(5), (6)
[^c21623311]: Source—1985 Sch.23 2(7)
[^c21623321]: Source—1985 Sch.23 2(8), (9)
[^c21623331]: Source—1985 Sch.23 2(10)
[^c21623341]: Source—1985 Sch.23 5
[^c21623351]: Source—1985 Sch.23 10(6), (7)
[^c21623361]: Source—1985 Sch.23 14(1), (3), (4)
[^c21623381]: [S. 710(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/14) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314161]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22992881]: [S. 710(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 36](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/36) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22992901]: [S. 710(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/a) and preceding word inserted (with effect in accordance with [s. 158(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/1)
[^c22992921]: [S. 710(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/b) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/3/1)
[^c22992941]: [S. 710(13A)(13B)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/13A/13B) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/3/2)
[^c23772991]: [S. 710(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/f) inserted (with effect in accordance with [Sch. 39 para. 6(1)(b)(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/39/paragraph/6/1/b/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 39 para. 5(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/39/paragraph/5/4)
[^c23773011]: [S. 710(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23773031]: Words in [s. 710(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773051]: [S. 710(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773071]: Words in [s. 710(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773091]: Words in [s. 710(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/da) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773111]: [S. 710(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773131]: [S. 710(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773171]: Word at the end of s. 710(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773151]: [S. 710(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/c) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623431]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623441]: Source—1985 Sch.23 3(1)-(5)
[^c21623451]: Source—1985 Sch.23 14(2), 31(2), 12(2), 13(3), 7(2)
[^c21623461]: 1990 s.41*and* Sch.6 para.9(2)*on and after* 24*May* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “or 722(1) or (2)”.
[^c21623471]: Source—1985 Sch.23 3(6)-(8)
[^c21623481]: Words in [s. 711(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/711/8) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314171]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314181]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22993061]: [S. 711(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/711/6A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/4)
[^c21623511]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623521]: Source—1985 Sch.23 4; 1986 Sch.17 3(2)
[^c21623531]: 1990 s.41*and* Sch.6 para.9(3)*on and after* 24*May* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “and 722”.
[^c23314191]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314201]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22994481]: Words in [s. 712(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/712/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/5)
[^c21623541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314211]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314221]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623551]: Source—1985 s.73
[^c23773191]: [S. 713(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/713/2/3) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/4); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21623561]: Source—1985 Sch.23 10(1)-(3)
[^c21623571]: 1985 Sch.23 10(7)
[^c21623581]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623591]: Source—1985 s.74
[^c23314231]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314241]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22992581]: [S. 714(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/6) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23773201]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773221]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773281]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773241]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773261]: [S. 714(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2A/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623721]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623731]: Source—1985 s.71(1) (a)-(c)
[^c21623741]: [S. 715(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/a) restricted (*retrospectively*) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(b)(5)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/b/5/6) [S. 715(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/2/a) restricted (*retrospectively*) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(c)(5)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/c/5/6)
[^c21623751]: Source—1985 Sch.23 30(1), (4)
[^c21623761]: Source—1985 s.75(1)(d)-(h)
[^c21623771]: Source—1985 Sch.23 32(1)
[^c21623781]: Source—1985 s.75(2), Sch.23 30(2), (5), 32(2)
[^c21623801]: Source—1985 Sch.23 31(1)
[^c21623811]: Source—1985 s.75(3), (4)
[^c21623821]: Source—1985 Sch.23 43; 1986 Sch.17 5
[^c21623841]: Source—1985 s.75(5), (6)
[^c21623851]: Words in [s. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(37)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/37) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22902461]: Words in [s. 715(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/6) inserted (with application in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/123/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 123(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/123/1)
[^c22992601]: [S. 715(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/g/h) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22992631]: [S. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8): definition of "FOTRA securities" repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23314251]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314261]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23120811]: Words in [s. 715(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/6) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23773301]: Words in [s. 715(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/j) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 296](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/296) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773321]: Words in [s. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8) substituted (with effect in accordance with [Sch. 4 para. 10(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/10/1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/1/2)
[^c23773341]: Words in [s. 715(1)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/k) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 30](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/30) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21623901]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314281]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314291]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23773361]: [S. 716](https://www.legislation.gov.uk/ukpga/1988/1/section/716) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/4); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21623911]: Source—1985 Sch.23 15(1)-(4)
[^c21623921]: Source—1985 Sch.23 15(5); 1986 Sch.17 2(2)
[^c21623931]: Source—1985 Sch.23 15(8)
[^c23773371]: Word in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773391]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773451]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773411]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773431]: [S. 716(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623941]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623951]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c23314301]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23000971]: Words in [s. 717(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/35)
[^c23314311]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23288381]: [S. 717](https://www.legislation.gov.uk/ukpga/1988/1/section/717) excluded (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [33(2)](https://www.legislation.gov.uk/uksi/1998/3177/regulation/33/2)
[^c23212371]: Words in [s. 717(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/1) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(22)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/22)
[^c23212391]: [S. 717(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/4/5) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(22)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/22)
[^c21623961]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314321]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314331]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623971]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c21623981]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314341]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314351]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623991]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c21624281]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21624291]: Source—1985 Sch.23 6(1), 15(6)
[^c21624301]: Source—1985 Sch.23 6(2)
[^c21624311]: [S. 720(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/3) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c21624321]: Source—1985 Sch.23 7(1)
[^c21624331]: Source—1985 Sch.23 8(1), (2), (4); 1986 Sch.17 1(1)
[^c21624341]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 13](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/13), [25](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25)
[^c21624351]: Source—1985 Sch.23 9(1), (2)
[^c21624361]: Source—1985 Sch.23 9(3), (4)
[^c21624371]: Source—1985 Sch.23 9(5)
[^c23314361]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314371]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22903171]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/17/2/b)
[^c23288401]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) repealed (with effect in accordance with s. 68 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23773471]: Word in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773491]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773511]: Word in [s. 720(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773531]: Words in [s. 720(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773551]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773571]: Words in [s. 720(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773611]: Words in [s. 720(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23773631]: Words in [s. 720(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/b) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23773651]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/c), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23773671]: Words in [s. 720(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/7) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(d)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/d), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23773691]: [S. 720(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/8/a) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 21(e)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/21/e), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^c21624481]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21624541]: [S. 721(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/5/6) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314381]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314391]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22992651]: [S. 721(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/1/4) repealed (with effect in accordance with s. 158(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(2)(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/2/4), [Sch. 41 Pt. 5(20)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/20), Note
[^c21624521]: [S. 721(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/1) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/3/a), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23001851]: [S. 721(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/2) substituted (with effect in accordance with [s. 158(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/3)
[^c21624561]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314401]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314411]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21624571]: Source—1985 Sch.23 (13) (1), (2)
[^c21624591]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314451]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314461]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21624601]: Source—1985 Sch.23 11
[^c21624611]: Words in [s. 723(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(38)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/38) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23773711]: Words in [s. 723(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773731]: Words in [s. 723(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773751]: Words in [s. 723(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773771]: Words in [s. 723(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/8) substituted (with effect in accordance with [Sch. 4 para. 10(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/10/1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/2/2)
[^c21625051]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625061]: Source—1985 Sch.23 32C; 1986 Sch.17 4
[^c23314491]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314501]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23127051]: [S. 727(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23128221]: Words in [s. 727(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/727/2) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21625091]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625101]: Source—1985 Sch.23 44(1)-(5A); 1986 Sch.17 6
[^c23314541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314551]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22903281]: Words in [s. 728(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/1/5) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/2) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c23312501]: Words in [s. 728(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/7/a) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8). s. 431(2), Sch. 20 para. 4(5); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c21625021]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314471]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314481]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23314521]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314531]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23288421]: [S. 727A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23773791]: Words and paras. (a)(b) in s. 727A(1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/4)
[^c23773811]: Words in [s. 727A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727A/1) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/15)
[^c23006181]: [1942 c. 21](https://www.legislation.gov.uk/ukpga/1942/21).
[^c23314421]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314431]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23160871]: Word in [s. 722A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/722A/5) substituted (with effect in accordance with [s. 37(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/7)
[^c21625181]: Source—1970 s.470; 1971 Sch.6 71
[^c23312721]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/51)
[^c23773951]: Words in [s. 730(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773971]: Words in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) and s. 730(4A)(4B) substituted for words in s. 730(4) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773991]: Word in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774011]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774031]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774251]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/b)
[^c23774091]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/a)
[^c23774361]: Words in [s. 730(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/a) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/a)
[^c23774381]: Words in [s. 730(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/b) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/b)
[^c23774541]: [S. 730(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/c) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/c), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774401]: [S. 730(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/4)
[^c23774571]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/5), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774421]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/6)
[^c23774441]: Word in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/7)
[^c23774461]: Word in [s. 730(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4A) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/8)
[^c23774481]: Word in [s. 730(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4B) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/9)
[^c23006221]: Words in [s. 730(2)(4)(b)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2/4/b/6/8) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/23) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23774501]: [S. 730(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/7) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/10)
[^c23774591]: Words in [s. 730(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/8) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(11)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/11), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774611]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) repealed (with effect in accordance with Sch. 6 para. 2(3) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/2/2), [Sch. 26 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/12), Note
[^c22903381]: [S. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 263A](https://www.legislation.gov.uk/ukpga/1992/12/section/263A) (as inserted (with effect in accordance with s. 80(5) of the 1995 amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/4))
[^c23314561]: [S. 730A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23006241]: [S. 730A(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6/6A) substituted for s. 730A(6) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 37](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/37) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312741]: [S. 730(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/2)
[^c23312761]: [S. 730A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/3)
[^c23312781]: [S. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/4)
[^c23774671]: [S. 730A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/1/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/5)
[^c23774751]: Words in [s. 730A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/2)
[^c23774711]: Words in [s. 730A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4) added (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/3)
[^c23774731]: [S. 730A(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4A/4B) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/4)
[^c23774791]: Words in [s. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) substituted (with effect in accordance with [Sch. 38 para. 21(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 20(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/20/a)
[^c23774811]: Words in [s. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) substituted (with effect in accordance with [Sch. 38 para. 21(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 20(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/20/b)
[^c23774771]: Words in [s. 730A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/8/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 16](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/16)
[^c23774691]: [S. 730A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/8A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/10)
[^c23774871]: Words in [s. 730A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/5) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23774851]: [S. 730A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6/b) repealed (with effect in accordance with s. 52(3) of the repealing Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 44(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/44/a), [Sch. 42 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/6), Note 1
[^c23774891]: Words in [s. 730A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 44(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/44/b)
[^c23774911]: Words in [s. 730A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/7) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 31](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/31) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23775051]: Words in [s. 730BB(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/2/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/2)
[^c23775071]: Words in [s. 730BB(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/a) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/a)
[^c23775091]: Words in [s. 730BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/b) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/c)
[^c23775111]: Words in [s. 730BB(3)(c)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/c/i/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/c)
[^c23775141]: [S. 730BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3A) inserted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/4)
[^c23775161]: [S. 730BB(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/12) repealed (with effect in accordance with s. 52(3) of the repealing Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/5), [Sch. 42 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/6), Note 1
[^c21625261]: Source—1970 s.471(1)-(5)
[^c21625271]: [S. 731(4A)(4B)(4C)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4A/4B/4C) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 55(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/55/1/2)
[^c21625281]: Words in [s. 731(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4B) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(40)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/40) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625291]: *See* s.343—*company reconstruction without change of ownership.*
[^c21625301]: Source—1970 s.471(6); 1973 sch.11 6; 1986 Sch.18 2(1)
[^c22902481]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "interest" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/2), [Sch. 26 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22902501]: [S. 731(9A)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/3)
[^c22903411]: Words in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c23314571]: Word in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c22903391]: [S. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/2)
[^c22903431]: Word in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/b)
[^c23006291]: Words in [s. 731(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/a)
[^c22992721]: Words in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23128461]: [S. 731(2B)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2B) inserted (with application in accordance with [s. 77(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/1)
[^c23160891]: Words in [s. 731(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23160911]: [S. 731(9B)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9B) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23775221]: Words in [s. 731(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2D) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/6)
[^c23775241]: Words in [s. 731(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775261]: [S. 731(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625331]: Source—1970 s.472; 1982 s.57; 1986 Sch.18 1, 3
[^c21625341]: [S. 732(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/1)
[^c21625351]: [S. 732(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5A) inserted (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.53(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/53/1)
[^c21625361]: [S. 732(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/7) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/2)
[^c22992741]: [S. 732(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/3) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23160951]: [S. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) inserted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/2)
[^c23160971]: [S. 732(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2/2A) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161001]: Words in [s. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161021]: [S. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4): definition of "overseas securities" substituted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/5)
[^c23161041]: [S. 732(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(6)(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/6/7), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23775381]: Words in [s. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 303](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/303) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625371]: Source—1970 s.473
[^c21625391]: Source—1970 s.474; 1973 Sch.11 7; 1979(C) Sch.7; 1978 s.30(7)
[^c21625401]: Words in [s. 734(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(41)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/41) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625411]: Source—1970 s.475; 1973 Sch.21 7
[^c23006311]: Words in [s. 735(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3) inserted (with effect in accordance with [Sch. 38 para 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/a)
[^c23006331]: Words in [s. 735(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/a) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/b)
[^c23006351]: Words in [s. 735(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/b) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/c)
[^c23006371]: Words in [s. 735(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/4) substituted (with effect in accordance with Sch. 38 para, 9(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/2)
[^c23006391]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/a)
[^c23006411]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) inserted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/b)
[^c21625421]: Source—1970 s.476
[^c21625431]: *See* s.237—*disallowance of reliefs in respect of bonus issues etc.*
[^c22992781]: [S. 737A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2/b) repealed (with effect in accordance with s. 159(1), Sch. 41 Pt. 5(21) Note 1 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21); [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23288451]: [S. 737A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23134971]: Words in [s. 737A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5) repealed (with effect in accordance with Sch. 18, Pt. 6(10) Notes 3, 4) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776901]: Words and paras. (a)(b) in s. 737A(1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 7](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/7)
[^c23776801]: Words in [s. 737A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/2)
[^c23776821]: Words in [s. 737A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/3)
[^c23776861]: [S. 737A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/4)
[^c23776841]: Words in [s. 737A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/3) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/5)
[^c23776881]: Words in [s. 737A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5/a) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/6)
[^c23781061]: [S. 737A](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/4)
[^c23780991]: Words in [s. 737A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5) inserted (with effect in accordance with [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/2)
[^c23781011]: [S. 737A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5A) inserted (with effect in accordance with [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 5(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/3)
[^c23781031]: Words in [s. 737A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/6) substituted (with effect in accordance with [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/5/4)
[^c23314581]: [S. 737B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737B/9) power exercised: 1.5.1995 appointed by [S.I. 1995/1007](https://www.legislation.gov.uk/uksi/1995/1007), [art. 2](https://www.legislation.gov.uk/uksi/1995/1007/article/2)
[^c23314591]: [S. 737B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737B/9) power exercised: 6.11.1996 appointed by [S.I. 1996/2645](https://www.legislation.gov.uk/uksi/1996/2645), [art. 2](https://www.legislation.gov.uk/uksi/1996/2645/article/2)
[^c22903571]: Words in [s. 737C(3)(b)(9)(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/3/b/9/11/c) substituted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3)
[^c22903611]: [S. 737C(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11A) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3)
[^c23043341]: [S. 737C(11B)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11B) inserted (with effect in accordance with [s. 159(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/3); [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23147961]: Words in [s. 737C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/2/b) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23138301]: [S. 737C(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/5/6) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23149351]: Words in [s. 737C(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/7/b) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23151321]: [S. 737C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/8/a) substituted (with effect in accordance with [Sch. 10 para. 16(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/2) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3))
[^c23151341]: Words in [s. 737C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/8/b) substituted (with effect in accordance with [Sch. 10 para. 16(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/2) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3))
[^c23151301]: Words in [s. 737C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/9) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23141181]: [S. 737C(11B)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11B) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23781231]: [S. 737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737C) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/5)
[^c23781171]: Words in [s. 737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737C) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/3)
[^c23781191]: Word in [s. 737C(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/3/b) repealed (with effect in accordance with Sch. 38 para. 21(1) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 1(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/1/a), [Sch. 43 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/15), Note 1
[^c23781211]: [S. 737C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/4) repealed (with effect in accordance with Sch. 38 para. 21(1) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 1(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/1/b), [Sch. 43 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/15), Note 1
[^c23781151]: Words in [s. 737C(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 17](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/17)
[^c23312521]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/2)
[^c23312541]: [S. 736B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/3)
[^c23776481]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/3)
[^c23776461]: [S. 736B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/4) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/1)
[^c23776661]: [S. 736C(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/14) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/2)
[^c21625771]: Source—1986 Sch.18 4
[^c21625781]: [S. 738(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/2) repealed (with effect as mentioned in s. 58(3) of the repealing Act) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 58(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/2), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 9; [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [reg. 5](https://www.legislation.gov.uk/uksi/1992/1346/regulation/5)
[^c21625831]: Source—1986 Sch.18 10(2)
[^c23151451]: [S. 738(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/3/4) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23161091]: [S. 738(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/1/a/b) repealed (with effect in accordance with s. 26 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note 2
[^c23312561]: Words in [s. 738(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 43](https://www.legislation.gov.uk/uksi/2001/3629/article/43)
[^c23217671]: Words in [s. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/3), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23781341]: Words in [s. 737D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/1) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 32](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/32) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23781361]: [S. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/6)
[^c23781431]: Words in [s. 737E(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/1/2) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/2)
[^c23781461]: Words in [s. 737E(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/3) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/3)
[^c23781411]: [S. 737E(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/8/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/8)
[^c23781501]: Words in [s. 737E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/4) inserted (with effect in accordance with [Sch. 24 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/2/a)
[^c23781521]: Words in [s. 737E(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/6/b) inserted (with effect in accordance with [Sch. 24 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/2/b)
[^c21625851]: *See* 1989 s.110—*residence of trustees; and* s.111—*residence of personal representatives.*
[^c23045681]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/12) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21625861]: Source—1970 s.478(1), (2), (2A), (2B); 1981 s.46(3), (4)
[^c23782381]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 459](https://www.legislation.gov.uk/ukpga/2005/5/section/459), [569](https://www.legislation.gov.uk/ukpga/2005/5/section/569) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23152251]: [S. 739(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/739/1A) inserted (with application in accordance with [s. 81(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/81/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/81/1)
[^c21625901]: *See* 1989 s.110—*residence of trustees; and* s.111—*residence of personal representatives.*
[^c23049101]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/12) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21625911]: Source—1981 s.45(1)-(6), (9)
[^c21625921]: *See* 1981 s.83(3)—*treatment of capital sums for capital gains tax.*
[^c23290661]: Words in [s. 740(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/6/a) substituted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/a)
[^c23291591]: Words in 740(6)(a) substituted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/b)
[^c23292281]: Words in 740(6)(b) inserted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/c)
[^c23782391]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 459](https://www.legislation.gov.uk/ukpga/2005/5/section/459), [569](https://www.legislation.gov.uk/ukpga/2005/5/section/569) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782401]: [S. 740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 468](https://www.legislation.gov.uk/ukpga/2005/5/section/468) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782411]: Words in [s. 740(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782431]: Words in [s. 740(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782471]: [S. 740(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782451]: Words in [s. 740(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625941]: Source—1970 s.478(3); 1981 s.45(7)
[^c23782501]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) renumbered as s. 741(1) (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(2)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/2/5)
[^c23782521]: [S. 741(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/741/2) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(3)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/3/5)
[^c21625951]: Source—1970 s.478(4)-(6); 1981 ss.45(7), 46(5)
[^c21625961]: Source—1985 Sch. 23 39
[^c21625971]: Source—1970 s.478(7)-(9); 1972 Sch.24 27; 1981 s.46(6)
[^c21625991]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c22902601]: Words in [s. 742(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/8) repealed (with effect in accordance with s. 251(3)(a) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/3), [Sch. 26 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8/1), Note
[^c23782621]: Words in [s. 742(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1) substituted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(2)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/2/6)
[^c23782641]: Words in [s. 742(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(3)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/3/6)
[^c23782661]: [S. 742(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1A/1B) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/4/6)
[^c23782701]: Words in [s. 742(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/9/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [97](https://www.legislation.gov.uk/uksi/2005/3229/regulation/97)
[^c23782721]: [S. 742(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/9A) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 22](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/22), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21626011]: Source—1970 s.480; 1971 Sch.6 72; 1981 s.46(7)
[^c21626021]: *See* 1970(M) s.31(3)—*appeals to go to Special Commissioners.*
[^c23055431]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 20(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/20/b)
[^c23161121]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (with effect in accordance with [Sch. 4 para. 20(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/2/a)
[^c23161161]: [S. 743(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1A) inserted (with effect in accordance with [Sch. 4 para. 20(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 20(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/3)
[^c23782741]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782771]: [S. 743(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782791]: [S. 743(1A)(a)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1A/a) substituted for s. 743(1A)(a)-(g) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782811]: [S. 743(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626031]: Source—1981 s.46(1), (2)
[^c21626041]: *See*—1981 s.84—s.745*to have effect for* 1981 ss.80 to 82 (*capital gains of non-resident settlements*).1984 Sch.14 para.15(2)—s.745*to have effect for* 1984 Sch.14 para.15(1)*as for* s.745,*but references to* Part XVII Ch.III*to be construed as references to* 1984 s.70*and* Sch.14.
[^c21626051]: Source—1970 s.481; 1972 Sch.24 28; 1981 s.45(8)
[^c21626061]: [S. 745(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/2) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 98(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/98/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626071]: *See* S.I. [1989 No. 1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c21626111]: 1989 s.107*and* Sch.12 para.17.*Previously* “trading companies (as defined in paragraph 7 of Schedule 19)”.
[^c22902621]: Words in [s. 745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4) repealed (partly retrospective to 30.11.1993 and otherwise with effect in accordance with s. 251(3)(a) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/3), [Sch. 16 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/part/8/1), Note
[^c23062951]: [S. 745(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/5A) inserted (with application in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/c)
[^c23782831]: Words in [s. 745(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 306](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/306) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626131]: Source—1970 s.479.
[^c23782891]: [S. 746](https://www.legislation.gov.uk/ukpga/1988/1/section/746) renumbered as s. 746(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782851]: Words in [s. 746(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/746/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782871]: [S. 746(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/746/2/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626141]: [Pt. XVII Ch. IV](https://www.legislation.gov.uk/ukpga/1988/1/part/XVII/chapter/IV) (ss. 747-756) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/3)
[^c21626151]: Source—1984 s.82
[^c22903671]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/3)
[^c23226861]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228081]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23227981]: Words in [s. 747(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23288481]: [S. 747A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747A/4/a) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [2(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/2/2); [S.I. 2003/1282](https://www.legislation.gov.uk/uksi/2003/1282), [art. 2](https://www.legislation.gov.uk/uksi/2003/1282/article/2)
[^c23228001]: Words in [s. 747(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228021]: Words in [s. 747(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228041]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228061]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23300801]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/1)
[^c23298411]: [S. 747(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 paras. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3), [9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/1)
[^c23312831]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) modified (with effect in accordance with Sch. 29 Pt. 14 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116)
[^c23312811]: [S. 747(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1B) inserted (1.4.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 90(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/1/2/a) (with [s. 90(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/2/b))
[^c23783141]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c21626161]: Source—1984 s.83
[^c22903731]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/4)
[^c23071561]: Words in [s. 748(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3/a) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/2)
[^c23228181]: Words in [s. 748(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1) substituted (with effect in accordance with [Sch. 17 para 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228201]: Words in [s. 748(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228221]: [S. 748(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/e) and preceding word inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228241]: [S. 748(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228261]: [S. 748(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/2) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/27); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228281]: Word in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228301]: Words in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312891]: [S. 748(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/6) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/1)
[^c23783361]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c21626201]: Source—1984 s.85
[^c21626211]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (27.7.1993 with application in relation to accounting periods beginning on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/1/2)
[^c22903781]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/5)
[^c23228341]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228361]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228381]: [S. 750(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23307091]: Words in [s. 750(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/b) repealed (with effect in accordance with Sch. 30 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c23783811]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783861]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/2)
[^c23783881]: [S. 750(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1A/1B) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/3)
[^c21626221]: Source—1984 s.86
[^c21626231]: 1990 s.89*and* Sch.14 para.9 (*correction of errors*)—*deemed always to have had effect. Previously* “the persons”.
[^c21626241]: 1990 s.67(2), (4)*on and after* 20*March* 1990.
[^c22902641]: [S. 751(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/2/bb) repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/4), [Sch. 26 Pt. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8), Note
[^c23784011]: [S. 751(1)-(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23228401]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228421]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228441]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228461]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228481]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with Sch. 17 para. 37 of amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228501]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228531]: [S. 751(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228551]: Words in [s. 751(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626271]: *See* 1970(M) s.55(1)(g)*and* (6A).
[^c21626281]: Source—1984 s.89(1)-(4), (7)-(11)
[^c23228631]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228841]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228861]: [S. 754(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228651]: [S. 754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228881]: [S. 754(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228671]: [S. 754(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/3) substituted for s. 754(3) (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228981]: [S. 754(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/4) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/7), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228691]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228771]: Words in [s. 754(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228901]: Words in [s. 754(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228921]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(d)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/d); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228941]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228791]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228961]: Words in [s. 754(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/b) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228821]: Word in [s. 754(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/8) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626301]: Source—1984 s.91
[^c23229231]: [S. 756(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1): definition of "company tax return" inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/16); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312381]: [S. 756(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3/a) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/a), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23312401]: Words in [s. 756(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23316391]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (10.6.1999) by The Non-resident [Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)](https://www.legislation.gov.uk/uksi/1999/1408), [regs. 3-6](https://www.legislation.gov.uk/uksi/1999/1408/regulation/3)
[^c23229181]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23314601]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [18](https://www.legislation.gov.uk/uksi/1998/1871/regulation/18)
[^c23288531]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30B](https://www.legislation.gov.uk/uksi/1997/473/regulation/30B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [4](https://www.legislation.gov.uk/uksi/1999/2636/regulation/4); and as that reg. 30B is amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [24](https://www.legislation.gov.uk/uksi/2004/822/regulation/24))
[^c23312581]: Words in [s. 755A(1)(c)(5)(7)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/1/c/5/7/12) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/j)
[^c23785881]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [16](https://www.legislation.gov.uk/uksi/2004/2680/regulation/16); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23785891]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/2005/2014/regulation/22) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [21](https://www.legislation.gov.uk/uksi/2007/2134/regulation/21))
[^c23785811]: Words in [s. 755A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/3) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/8)
[^c23785851]: [S. 755A(11)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/11) substituted for s. 755A(11) (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/9)
[^c23785931]: [S. 755A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/4A) inserted (31.12.2006 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/a)
[^c23785951]: Words in [s. 755A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/8) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/b)
[^c23785971]: [S. 755A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/9) omitted (31.12.2006 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Miscellaneous Amendments) Order 2006 (S.I. 2006/3270)](https://www.legislation.gov.uk/uksi/2006/3270), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3270/article/1/1), [8(c)](https://www.legislation.gov.uk/uksi/2006/3270/article/8/c)
[^c23229201]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23229211]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23312621]: [S. 755B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/755B/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 44](https://www.legislation.gov.uk/uksi/2001/3629/article/44)
[^c23783031]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/45/5/6)
[^c23783571]: Words in [s. 748A(1)(c)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748A/1/c/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23783591]: [S. 748ZA(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA/5/a) omitted (with effect in accordance with Sch. 5 paras. 6(3), 7(3)(4) of the repealing Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 5 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7/2/a)
[^c21626341]: Source—1984 s.92(1), (7)
[^c21626351]: Words in [s. 757(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(43)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/43) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626361]: Source—1984 s.92(2)-(6), (8)
[^c21626441]: 1990 s.89*and* Sch.14 para.10 (*correction of errors*)—*deemed always to have had effect.*
[^c23788311]: [S. 757](https://www.legislation.gov.uk/ukpga/1988/1/section/757) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 7](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/7) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c23312931]: [S. 757(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^c23789391]: Words in [s. 757(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/2)
[^c23789431]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/a)
[^c23789451]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/b)
[^c23789471]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/a)
[^c23789491]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/b)
[^c21626481]: Source—1984 s.93
[^c21626491]: Words in [s. 758(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/5/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(44)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/44) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23312951]: Words in [s. 758(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/6)
[^c23789551]: [S. 758](https://www.legislation.gov.uk/ukpga/1988/1/section/758) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2004/2572/regulation/3)
[^c23789531]: [S. 758(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/7/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/5)
[^c21626561]: Source—1984 s.94
[^c21626571]: Words in [s. 759(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(45)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/45) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22903881]: [S. 759(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1A) inserted (with application in accordance with [s. 134(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/3)
[^c23789561]: [S. 759(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1/1A) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789591]: Words in [s. 759(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/2) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789611]: Words in [s. 759(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/3) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/4) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789631]: Words in [s. 759(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/5) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789651]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789681]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626601]: Source—1984 s.95
[^c23789871]: [S. 760](https://www.legislation.gov.uk/ukpga/1988/1/section/760) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)
[^c23789771]: [S. 760(3)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/3/b) and preceding word repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789821]: [S. 760(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/3), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789711]: Words in [s. 760(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789731]: Words in [s. 760(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789751]: [S. 760(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626641]: Source—1984 s.96; 1987 Sch.15 16(1)
[^c21626651]: 1990 s.89*and* Sch.14 para.11 (*correction of errors)*—*deemed always to have had effect. Previously* “and Schedule.”
[^c21626661]: Words in [s. 761(2)(3)(5)(6)(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2/3/5/6/7/a/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(47)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/47) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626691]: [S. 761(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/4) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23789881]: Words in [s. 761(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789901]: [S. 761(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789921]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/i)
[^c23789941]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/ii)
[^c23789961]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/i)
[^c23789981]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/ii)
[^c23790001]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/iii)
[^c23790021]: [S. 761(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/7/b) substituted (with effect in accordance with [Sch. 12 para. 47(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 47(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/47/1)
[^c21626751]: Source—1984 s.97
[^c21626761]: Words in [s. 762(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(48)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/48) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790211]: Word in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23790231]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626851]: Source—1984 s.98
[^c21626861]: Words in [s. 763(1)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(49)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/49) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790431]: Words in [s. 763(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6) substituted (with retrospective effect in accordance with [Sch. 26 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790411]: [S. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788291]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788301]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21627011]: *Provisions of this section employed in* 1988(F) ss.105, 130*and* Sch.7.
[^c21627021]: Source—1970 s.482(1)-(4)
[^c21627031]: 1990 s.68(1), (4)*in relation to transactions carried out on or after* 1*July* 1990.
[^c21627041]: *Repealed by* 1988(F) ss.105(6), 148*and* Sch.14 Part IV*from* 15*March* 1988.*And see* 1988(F) ss.61, 130-132*and* Sch.7*for new requirements for companies from* 15*March* 1988.
[^c21627051]: 1988(F) s.105(6)*from* 15*March* 1988.*Previously* “so resident”.
[^c21627071]: O.J. No. L178/5
[^c21627081]: Source—1970 s.482(5)
[^c21627091]: Source—1970 s.482(6)
[^c21627101]: Source—1970 s.482(11)
[^c21627111]: Source—1970 s.482(7)
[^c21627121]: Source—1970 s.482(8)-(10)
[^c21627131]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627141]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21627151]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627161]: Source—1970 s.482(12)
[^c21627171]: Source—1970 s.483(1)-(7)
[^c21627191]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c23791281]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791371]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791451]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23312661]: Words in [s. 768(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/55)
[^c21627271]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c21627281]: Source—1970 s.484
[^c21627341]: [S. 769(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6) substituted (*in relation to change of ownership occurring on or after* 14*March* 1989) by [Finance Act 1989 (c. 26, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/100/2).
[^c21627351]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c21627361]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c22902721]: [S. 769(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/4)
[^c22902741]: [S. 769(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/9) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/5)
[^c22903911]: Words in [s. 769(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903991]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903951]: [S. 769(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3A) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/3)
[^c22903971]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/4)
[^c22904001]: Words in [s. 769(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/5) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c23082371]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/a)
[^c22992841]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23229421]: Word in [s. 769(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/5) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/a)
[^c23229491]: Words in [s. 769(1)(2)(d)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/2/d/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23314631]: Word in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/b)
[^c23229461]: Words in [s. 769(2A)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A/9) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/c)
[^c23229531]: Words in [s. 769(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23229551]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/c) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23791381]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791331]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791351]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229371]: [S. 767B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/1A) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/1)
[^c23229381]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/a)
[^c23229391]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/b)
[^c23229401]: Words in [s. 767B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/4) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/3)
[^c23229411]: Words in [s. 767B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/10) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/4)
[^c23076701]: [S. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) substituted for s. 768B(10)(11) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23077761]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312681]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 56](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/56)
[^c23312971]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313001]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23791251]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23790871]: Words in [s. 768B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/2)
[^c23790891]: Words in [s. 768B(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/a)
[^c23790911]: Words in [s. 768B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/b)
[^c23790931]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/4)
[^c23790951]: Words in [s. 768B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/9/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/5)
[^c23790971]: Words in [s. 768B(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/14) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/6)
[^c23791391]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791471]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791291]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/1)
[^c23082351]: [S. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) substituted for s. 768C(9)(10) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/40) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313021]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/10) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313041]: [S. 768C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/13) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/2)
[^c23791261]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23791011]: Words in [s. 768C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/2)
[^c23791031]: Words in [s. 768C(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/7/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/3)
[^c23791051]: [S. 768C(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/12): definition substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/4)
[^c23791401]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791481]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791311]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/2)
[^c23791341]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791361]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229631]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c23791271]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791411]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791491]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791071]: Words in [s. 768D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/a)
[^c23791091]: Words in [s. 768D(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/b)
[^c23791111]: Words in [s. 768D(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/a)
[^c23791131]: Words in [s. 768D(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/b)
[^c23791151]: Words in [s. 768D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/4)
[^c23791191]: [S. 768D(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/8/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/5)
[^c23791421]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791501]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791211]: Words in [s. 768E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/2)
[^c23791231]: Words in [s. 768E(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/7) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/3)
[^c21627451]: Source—1970 s.486
[^c23793501]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23793521]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627461]: Source—1970 s.487(1)-(7)
[^c23794971]: Words in [s. 775(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/775/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 311(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/311/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23794951]: [S. 775(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/775/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 311(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/311/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627481]: Source—1970 s.488; 1979(C) Sch.7
[^c21627491]: Words in [s. 776(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(50)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/50) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23261011]: Words in [s. 776(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a/b) substituted (31.7.1998) by [Finance Act 1998 (c. 6)](https://www.legislation.gov.uk/ukpga/1998/6), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/6/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/6/schedule/7/paragraph/1)
[^c23795051]: Word in [s. 776(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6) substituted (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(4)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/4); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23795151]: Words in [s. 776(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795071]: [S. 776(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795091]: Words in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795111]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795131]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627521]: Source—1970 s.489; 1979(C) Sch.7
[^c21627531]: Words in [s. 777(11)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11/12) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(51)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/51) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23796281]: Words in [s. 777(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796301]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627551]: Source—1970 s.490
[^c21627561]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c22902761]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 23](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/23)
[^c21627571]: Source—1970 s.491
[^c22902821]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(8)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/8) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c23082471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/22) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22904051]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/10)
[^c22904011]: Words in [s. 779(13)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/a) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/27), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c23312471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23264461]: Words in [s. 779(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23796881]: Words in [s. 779(13)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 101](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/101) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23796901]: Words in [s. 779(13)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 32(2)
[^c23796921]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) renumbered as s. 779(10)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796941]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796961]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796981]: [S. 779(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797001]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797021]: [S. 779(13)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797061]: Words in [s. 779(13)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797041]: [S. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23082491]: [S. 780](https://www.legislation.gov.uk/ukpga/1988/1/section/780) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/23) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627581]: Source—1972 s.80
[^c23269121]: Words in [s. 780(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797221]: Words in [s. 780(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797241]: [S. 780(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22902841]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1)
[^c22902861]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(6)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/6)
[^c22902921]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904071]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/1)
[^c21627591]: Source—1970 s.492 (1)-(5), (7)-(9); 1971 Sch.8 16(7)
[^c21627601]: *See* 1979(C) s.106*and* Sch.3 para.9—*amounts charged under* s.781*to be excluded in computing capital gains.*
[^c23082531]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/1) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c23082391]: Words in [s. 781(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/2)
[^c23082411]: [S. 781(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/3)
[^c23312441]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23271011]: Words in [s. 781(4)(a)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/a/5/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23312701]: Words in [s. 781(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 57](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/57)
[^c23797301]: Words in [s. 781(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 102](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/102) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23797321]: Words in [s. 781(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 33(2)
[^c23797401]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8), [20](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797341]: Words in [s. 781(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797361]: [S. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797381]: Words in [s. 781(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22902941]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/5)
[^c22902961]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904091]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/2)
[^c23082551]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627621]: Source—1970 s.493; 1971 Sch.8 16(8)
[^c23312481]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23276161]: Words in [s. 782(1)(a)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1/a/2/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797581]: Words in [s. 782(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797601]: [S. 782(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1A) inserted (with effect in accordance with [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/3/2)
[^c21627631]: Source—1970 s.494
[^c22902981]: [S. 783(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/2) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/2)
[^c22903001]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1/a/3)
[^c21627641]: *See*—s.756—s.783(11)*applied for purposes of* Part XVII Ch.IV (*controlled foreign companies*),s.798(10)—s.783(11)*applied for purposes of* s.798 (*interest on certain overseas loans*).
[^c23797661]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8/2), [20(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797641]: Words in [s. 783(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797711]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16/2), [25(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25/2)
[^c23797671]: Words in [s. 783(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [98](https://www.legislation.gov.uk/uksi/2005/3229/regulation/98)
[^c21627651]: Source—1970 s.495
[^c21627661]: Source—Consumer Credit Act 1974 Sch.4 29
[^c23279891]: Words in [s. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797791]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 319](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/319) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627681]: Source—1970 s.496
[^c22992861]: [S. 786(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/4) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 1; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23798221]: Words in [s. 786(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798261]: [S. 786(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798241]: Words in [s. 786(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798281]: [S. 786(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798301]: [S. 786(5ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5ZA) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/8/2)
[^c21627691]: Source—1976 s.38
[^c23798441]: [S. 787](https://www.legislation.gov.uk/ukpga/1988/1/section/787) extended (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/8)
[^c23313081]: [S. 787(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/2)
[^c23313101]: [S. 787(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/3) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/3)
[^c23797851]: [S. 785A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/785A/5A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/7/2)
[^c21627721]: *See*—1970 ss.267, 273, 273A*and* 276(groups)—*disapplication of those provisions in the case of companies treated as resident outside the U.K. by virtue of* s.788.1989 s.115—*calculation of tax credit for non-resident on gross amount of distribution.*1990 s.32(8)—*application of* s.788*to assets held by employee share ownership trusts.* [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/1)
[^c21627741]: Source—1970 s.497(1)-(8); 1972 ss.98(2), 100(1); 1976 s.50(2); 1987 s.70(1)
[^c22810261]: [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810241]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) repealed (1.4.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22810221]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) inserted (with effect in accordance with [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/1)
[^c22810271]: Words in [s. 788(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/1)
[^c22810291]: Words in [s. 788(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7/a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799001]: Words in [s. 788(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799021]: Words in [s. 788(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799061]: [S. 788(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/2) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23799041]: [S. 788(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/10) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 176](https://www.legislation.gov.uk/ukpga/2006/25/section/176)
[^c21627751]: Source—1970 s.497(9), (10); 1971 sch.6 74; 1972 s.100(1)
[^c21627761]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21627771]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c22810331]: Words in [s. 789(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/21)
[^c21627781]: Source—1970 s.498(1); 1972 s.100(1)
[^c21627791]: Source—1970 s.498(2)
[^c21627801]: Source—1970 s.498(3); 1972 s.100(1)
[^c21627811]: Source—1970 s.498(4); 1971 s.26(3); 1972 s.83(1)-(5)
[^c21627821]: Source—1970 s.498(5), (6); 1972 s.100(1)
[^c22810431]: [S. 790](https://www.legislation.gov.uk/ukpga/1988/1/section/790) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810351]: Words in [s. 790(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3) substituted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/2)
[^c22810391]: Words in [s. 790(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/2)
[^c22810411]: [S. 790(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/3)
[^c22810371]: [S. 790(10A)-(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/10A) inserted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/3)
[^c22894231]: Words in [s. 790(3)(5)(b)(10A)(d)(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3/5/b/10A/d/10C) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799161]: Words in [s. 790(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23799171]: Words in [s. 790(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/11) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627831]: *For regulations see* Part III Vol.5
[^c21627841]: Source—1970 s.517
[^c21627871]: Source—1970 s.500
[^c22894301]: Words in [s. 792(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802251]: [S. 792](https://www.legislation.gov.uk/ukpga/1988/1/section/792) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802231]: [S. 792(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1): words in definition of "foreign tax" inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 115(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/1)
[^c23802281]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627881]: Source—1970 s.501; 1972 s.100 (1).
[^c21627891]: Source—1970 s.502; 1982 s.67; 1972 s.100(1).
[^c22894511]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/5)
[^c22894531]: [S. 794(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/c) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/6), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13)
[^c23802331]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802301]: Words in [s. 794(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 103](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/103) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23802321]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21627901]: Source—1970 s.503; 1972 s.100(1); 1987 Sch.15 2(18)
[^c22894551]: [S. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/41) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894601]: Words in [s. 795(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b) renumbered as s. 795(2)(b)(i) (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894571]: [S. 795(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894631]: [S. 795(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/3)
[^c22894671]: Words in [s. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) renumbered as s. 795(4)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c22894651]: [S. 795(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c23802431]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802341]: Words in [s. 795(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1) renumbered as s. 795(1)(a) (22.7.2004) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802361]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) and preceding word inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802421]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 277(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1A) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/6))
[^c23802381]: Words in [s. 795(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/a) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/3)
[^c23802401]: [S. 795(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/5) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/4)
[^c21627911]: Source—1970 s.504
[^c22894701]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (with effect in accordance with [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/12)
[^c21627921]: Source—1970 s.505; 1972 s.100(1), (3); 1984 s.53(1)
[^c21627931]: Source—1972 s.100(4)-(6A); 1984 s.53(1); 1986 s.49; 1987 (No.2) s.77
[^c22894721]: [S. 797(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3A/3B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894771]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/a/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894741]: [S. 797(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894781]: [S. 797(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/4/5) repealed (with effect in accordance with Sch. 3 para. 35(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/35/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22894801]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 54](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/54)
[^c23802601]: Words in [s. 797(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/1) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/2)
[^c23802621]: Words in [s. 797(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/3)
[^c23802641]: [S. 797(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2A) inserted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/4)
[^c23802681]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802661]: Words in [s. 797(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 34(2)
[^c23803041]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803121]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894841]: Word at the end of s. 797A(5)(a) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4)
[^c22894821]: [S. 797A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/c) and preceding word repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894861]: Words at the end of s. 797A(5) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/c/4)
[^c22894901]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/d/4)
[^c22894881]: Words at the end of s. 797A(7) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/e/4)
[^c22894931]: Word in [s. 797A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/a) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/a)
[^c22894951]: Words in [s. 797A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/b) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/b)
[^c23802771]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894991]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/i)
[^c22895011]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/ii)
[^c22895071]: [S. 797A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/b)
[^c22895031]: Word in [s. 797A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/c)
[^c22895101]: Words in [s. 797A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22895051]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/3)
[^c22895141]: Words in [s. 797A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/7) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23803061]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803131]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803081]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803141]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802291]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894471]: Words in [s. 793A(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793A/1/a/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802531]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894501]: Words in [s. 795A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795A/1/b) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802961]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803151]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627961]: Source—1970 s.506; 1976 s.50(3)
[^c22895281]: Words in [s. 799(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1) renumbered as s. 799(1)(a) (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895261]: [S. 799(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1/b) and preceding word inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895291]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/3)
[^c22895311]: Word at the end of s. 799(3)(a) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/a)
[^c22895331]: [S. 799(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/b) repealed (with effect in accordance with Sch. 30 para. 8(5)(6) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/b), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895351]: Words in [s. 799(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/c) substituted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/c)
[^c22895371]: [S. 799(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/5) added (with effect in accordance with [Sch. 30 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/2)
[^c22895391]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) substituted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/2)
[^c22895411]: [S. 799(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1B) inserted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/3)
[^c23803451]: [S. 799(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/2A) inserted (with effect in accordance with [s. 85(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/2) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/1)
[^c23803471]: Words in [s. 799(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/6/b) inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/7)
[^c21627981]: Source—1970 s.508; 1971 s.26(2)
[^c22895871]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/a)
[^c22895891]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/b)
[^c22895911]: [S. 801(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/9)
[^c22895931]: [S. 801(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A) inserted (with effect in accordance with [Sch. 30 para. 11(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 11(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/2)
[^c22895971]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) inserted (with effect in accordance with [Sch. 27 para. 3(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/3)
[^c23803591]: Words in [s. 801(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23803671]: Words in [s. 801(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2) substituted (with effect in accordance with [s. 91(8)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/8) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/5)
[^c23803601]: [S. 801(2A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A/aa) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/2)
[^c23803641]: [S. 801(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2B) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/3)
[^c23803691]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) repealed (with effect in accordance with s. 91(8) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/6), [Sch. 11 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/9), Note
[^c23803651]: [S. 801(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/6/7) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/4)
[^c23803741]: [S. 801(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/5A) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 43(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/2)
[^c21628011]: Source—1982 s.66; 1987 (No.2) s.68
[^c22896271]: Words in [s. 803(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/b) inserted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/a)
[^c22896291]: Words in [s. 803(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/c) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/b)
[^c22896311]: [S. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/c)
[^c22896331]: Words in [s. 803(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/3) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/3)
[^c22896591]: [S. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted for s. 803(10)(11) (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/10)
[^c23803891]: Words in [s. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 86(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/a)
[^c23803911]: [S. 803(4)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/4) repealed (with effect in accordance with s. 86(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/b), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/8), Note
[^c22896071]: Words in [s. 801A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/1/a) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/11)
[^c22896091]: Words in [s. 801A(2)(7)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/2/7/11) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/12)
[^c23804001]: [S. 803A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/803A/1A) inserted (with effect in accordance with [s. 90(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/2)
[^c21628021]: Source—1970 s.510; 1971 Sch.6 75
[^c22897241]: Words in [s. 804(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/1) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897261]: [S. 804(5)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5) substituted for s. 804(5) (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/2) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definition of "overlap profit" inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/a) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897301]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definitions of "non-basis period" and "years of commencement" repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897331]: Words in [s. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8) repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897351]: Words in [s. 804(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/7) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/22)
[^c23804191]: Words in [s. 804(5)(b)(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5/b/5A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804221]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804241]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804261]: Words in [s. 804(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5C) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): words in definition of "overlap profit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22897371]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c22897391]: [S. 804A(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted for s. 804A(1) (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/2)
[^c22897411]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/3)
[^c22897431]: Words in [s. 804A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/5) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/4)
[^c23804341]: Words in [s. 804A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628041]: *See* s.732(4)—*dealers in securities.*
[^c23805031]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21628051]: Source—1970 s.511; 1972 s.100(1)
[^c21628061]: *See* s.448—*overseas life assurance companies.*
[^c22897581]: [S. 806(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/3) inserted (17.3.1998 with effect in accordance with [s. 107(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 107(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/1)
[^c22897601]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22897611]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23805041]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22897621]: [S. 806(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/1) substituted (with effect in accordance with [Sch. 30 para. 20(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/2)
[^c22897471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30C](https://www.legislation.gov.uk/uksi/1997/473/regulation/30C) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [25](https://www.legislation.gov.uk/uksi/2004/822/regulation/25))
[^c22897211]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22897481]: Words in [s. 804B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/2) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 6(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/6/a)
[^c22897501]: Words in [s. 804B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 6(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/6/b)
[^c22897521]: Words in [s. 804B(4)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4/b/5/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(k)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/k)
[^c23804411]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/a)
[^c23804431]: Words in [s. 804B(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/b) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/b)
[^c23804471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2005/2014/regulation/23) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [22](https://www.legislation.gov.uk/uksi/2007/2134/regulation/22); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2008/1937/regulation/10))
[^c23804451]: [S. 804B(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/7)
[^c23804741]: Words in [s. 804C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/4/5) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/3)
[^c23804771]: [S. 804C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/13) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/4)
[^c22897551]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30D](https://www.legislation.gov.uk/uksi/1997/473/regulation/30D) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [26](https://www.legislation.gov.uk/uksi/2004/822/regulation/26))
[^c23804881]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2005/2014/regulation/24)
[^c22897221]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22897231]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22898011]: Words in [s. 806A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806A/5) added (with effect in accordance with [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/2)
[^c22898031]: [S. 806B(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/3) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/2)
[^c22898051]: Words in [s. 806B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/9) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/3)
[^c23805811]: [S. 806K(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23805821]: [S. 806K(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/2/bb) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23805901]: Words in [s. 806L(1)(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/1/2/4/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23805881]: [S. 806L(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/7) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/3)
[^c23806021]: Words in [s. 806M(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806M/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628081]: Source—1985 Sch.23 37
[^c21628091]: Source—1988 Sch.23 38(1)-(3)
[^c22898151]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 45](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/45) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23806331]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 325](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/325) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628111]: Source—1976 s.50(1)
[^c21628121]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.21](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21)
[^c22899541]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/a)
[^c22899561]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/b)
[^c22899581]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) repealed (with effect in accordance with s. 140(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/c), [Sch. 26 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/18), Note
[^c21628141]: Source—1973 s.18
[^c23806821]: Words in [s. 809(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 24(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/24/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23806841]: Words in [s. 809(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/809/1/a/2) substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 24(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/24/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c21628191]: Source—1970 s.516; 1973 s.40(1); 1987 Sch.15 2(19)
[^c21628212]: [S. 811(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/c) and preceding word repealed (with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(g)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/g/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22899621]: [S. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 47](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/47) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899641]: [S. 811(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/4) inserted (with effect in accordance with [Sch. 30 para. 27(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 27(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/2)
[^c22899661]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22899671]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22899681]: Word preceding s. 811(2)(b) repealed (with effect in accordance with Sch. 27 para. 6(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/a), [Sch. 33 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/8), Note
[^c22899701]: Word at the end of s. 811(2)(b) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/b)
[^c22899721]: [S. 811(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/d) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/c)
[^c22899761]: Words in [s. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) renumbered as s. 811(3)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c22899741]: [S. 811(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c23806891]: Words in [s. 811(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [s. 115(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/2)
[^c21628221]: Source—1985 s.54(1),(3)
[^c21628231]: Source—1985 s.54(6) Sch.13 5
[^c21628241]: Source—1985 s.54(4),(5)
[^c21628251]: Source—1985 s.54(6) Sch.13 5.
[^c21628261]: Source—1985 s.54(7)(b), Sch.13 5(1)
[^c21628271]: Source—1985 s.54(7)(a)
[^c21628281]: Source—1985 s.54(8)
[^c22899771]: [S. 812(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/4/a) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/2), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22899791]: Words in [s. 812(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/3)
[^c22899821]: Words in [s. 812(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807201]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807221]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807241]: [S. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 201](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/201) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23807301]: Words in [s. 812(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1/b) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/30) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23807261]: Words in [s. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c23807281]: [S. 812(5)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/d) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c21628291]: Source—1985 Sch.13 1
[^c21628301]: *Reproduced in* Part III Vol.5.
[^c21628311]: [S.I. 1973/317](https://www.legislation.gov.uk/uksi/1973/317).
[^c22899851]: [S. 813(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/813/6/b) repealed (with effect in accordance with Sch. 3 para. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/37/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21628321]: Source-1985 Sch. 13 3
[^c23807321]: [S. 814(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23807331]: Words in [s. 814(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1/a) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/31) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c21628331]: Source—1985 Sch.13 4(1)
[^c21628391]: *See* 1979(C) s.10(4)—*application to capital gains tax.* [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/5)
[^c21628401]: Source—1970 s.518; 1972 s.100(1)
[^c21628411]: [S. 816(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/2)
[^c22900281]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) inserted (with effect in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/d)
[^c22900311]: [S. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900331]: Word in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/c)
[^c23807421]: Words in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(a)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/a); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807481]: [S. 816(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/5) added (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(c)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/c); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23808361]: [S. 816(2)(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA) repealed (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 26 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/8/2)
[^c23807471]: Words in [s. 816(2)(2ZA)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA/2A) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(b)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/b); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23806781]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806791]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628351]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)) [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(5)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22900201]: [S. 815A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/2) substituted for s. 815A(2)-(4) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/39)
[^c23807351]: Words in [s. 815A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23807381]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140F(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/4) (as substituted (29.11.2007 with effect in accordance with reg. 3 of the affecting S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2))
[^c23807361]: Words in [s. 815A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/1) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/1)
[^c22898181]: Words in [s. 807A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/2)
[^c22898201]: [S. 807A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2A) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/3)
[^c22898221]: Words in [s. 807A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/3/b) inserted (with effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/4)
[^c22898241]: [S. 807A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/5)
[^c22898261]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22898291]: Words in [s. 807A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b) renumbered as s. 807A(2)(b)(i) (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898271]: [S. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898301]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/3)
[^c22898331]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898351]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898371]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant payment" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898391]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c23806531]: [S. 807A(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2B) inserted (with effect in accordance with [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/2)
[^c23806801]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806811]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900221]: Words in [s. 815AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c21628421]: Source—1970 s.519.
[^c21628431]: *See* s.125—*annual payments for non-taxable consideration.*
[^c22800371]: [S. 817(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/b) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c23812231]: Word in [s. 817(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812251]: Words in [s. 817(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812271]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812291]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812331]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812311]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628441]: Source—1970 s.425; 1971 Sch.6 51
[^c23812351]: Words in [s. 818(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/818/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 328(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/328/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812371]: [S. 818(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/818/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 328(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/328/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628481]: Source—1971 Sch.7 2-4; 1978 Sch.2 14
[^c21628491]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21628501]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22800381]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/13)
[^c22800391]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) inserted (with effect in accordance with [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/1/a)
[^c22800411]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 21(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/1/b)
[^c22800461]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(9)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/9/c)
[^c23812391]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 329](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628561]: Source—1970 s.523
[^c21628891]: Source—1975 (No.2) s.47(3)(a)
[^c22801891]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 146, Sch.13 para.7(c)
[^c22801921]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) repealed (on and after 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch.17 Part 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801901]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch.13 para.7(c)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/c)
[^c23813091]: Words in [s. 824(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629221]: *Repealed by* 1989 s.178(7)*and* 187*and* Sch.17 Part X*from* 18*August* 1989 (*see* S.I. [1989 No.1298](https://www.legislation.gov.uk/ukcm/1989/1298)).
[^c21629261]: *See* Table I*in* Vol.1*and see* 1989 s.178*for further regulation making powers and* Part III Vol.5*for regulations.*
[^c21629281]: *And see* Sch.30 para.1(9).
[^c22802181]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802941]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(a) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/a)
[^c22802951]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(b) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/b)
[^c22802961]: Words in [s. 826(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5/b) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/3)
[^c22803451]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/a)
[^c21629551]: Source—1986 s.53.
[^c22803521]: [S. 827(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 7 para. 31](https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/31)
[^c22803541]: Words in [s. 827(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/a)
[^c22803561]: Words in [s. 827(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/a) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/b)
[^c22803581]: Words in [s. 827(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/b/c) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/c)
[^c22803611]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/d)
[^c22803631]: [S. 827(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1A) inserted (1.11.1994 for specified purposes and 1.1.1995 otherwise) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 18(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/18/7), [19(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/1) (with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/3)); [S.I. 1994/2679](https://www.legislation.gov.uk/uksi/1994/2679), [arts. 2](https://www.legislation.gov.uk/uksi/1994/2679/article/2), [3](https://www.legislation.gov.uk/uksi/1994/2679/article/3) (with [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/2679/article/4/3))
[^c22803651]: [S. 827(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 5 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/40)
[^c22803671]: [S. 827(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/4)
[^c22803691]: [S. 827(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1E) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/49/3)
[^c23814871]: [S. 827(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1G) inserted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/6)
[^c23814891]: [S. 827(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1F) inserted (27.11.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 24(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/24/7), [40](https://www.legislation.gov.uk/ukpga/2003/14/section/40); [S.I. 2003/2985](https://www.legislation.gov.uk/uksi/2003/2985), [art. 2](https://www.legislation.gov.uk/uksi/2003/2985/article/2)
[^c23814911]: Words in [s. 827](https://www.legislation.gov.uk/ukpga/1988/1/section/827) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815001]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815021]: [S. 827(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629671]: 1989 s.178(6).
[^c21629691]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 17(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/17/3)
[^c22803721]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/24)
[^c22803761]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 58](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/58)
[^c23815061]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815081]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815161]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815181]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815141]: Words in [s. 828(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629741]: Source—1970 ss.524, 525(1)
[^c21629751]: Words in [s. 829(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2) inserted (27.7.1993 with effect in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 122(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/122/1/3)
[^c22803771]: [S. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/2)
[^c23816121]: Words in [s. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/11/2/a)
[^c23816141]: Words in [s. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/11/2/b)
[^c21629771]: Source—1973 s.38(1), (2)-(4), (6)
[^c21629781]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22803791]: Word in [s. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23816181]: [S. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23816191]: Words in [s. 830(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 335](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/335), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630391]: 1970 s.526(5), 527(1); 1971 s.32(1), (1D), Sch.8 16(3); 1976 Sch.4 11; 1972 s.93(6); 1979(C), Sch.7; 1981 s.34(5); 1987 Sch.15 2(20)
[^c21630421]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21630441]: Word in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(54)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/54) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21630461]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630471]: [1923 c. 8](https://www.legislation.gov.uk/ukpga/1923/8).
[^c21630481]: [S.I. 1979/1574 (N.I. 13)](https://www.legislation.gov.uk/nisi/1979/1574).
[^c21630491]: 1990 s.127*and* Sch.18 para.5(3)*on and after* 1*April* 1990.*Previously* “ “local authority” and “local authority association” have the meanings given by section 519;”.
[^c21630501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(9)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/9/10/11)
[^c21630511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of “the rate applicable to trusts” inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.15](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/15), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21630531]: Source—1970 s.526(6)
[^c21630541]: Source—1970 s.526(3), (4)
[^c21630551]: Source—1970 s.526(5A); 1987 Sch.15 2(21)
[^c22804321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "recognised clearing system" repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/25), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c22804331]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Schedule A business" inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/28)
[^c22804351]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "additional rate" repealed (with effect in accordance with Sch. 18 Pt. 6(1) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/1)
[^c22804371]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "open-ended investment company", "authorised corporate director", "owner of shares" and "scheme property" inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 14](https://www.legislation.gov.uk/uksi/1997/1154/regulation/14)
[^c22804391]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the Schedule F ordinary rate", "the Schedule F trust rate", and "the Schedule F upper rate" inserted (with effect in accordance with [Sch. 4 para. 22(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/1)
[^c22804431]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked investment income" substituted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/2)
[^c22804491]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked payment" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "group income" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804471]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 118(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/118/10)
[^c22804511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate of advance corporation tax" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/5), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804521]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "surplus of franked investment income" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/6), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804451]: [S. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) inserted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/7)
[^c22804561]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" substituted (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/a)
[^c22804581]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" inserted after the definition of "Schedule A business" (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/b)
[^c22804601]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "capital allowance" substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/a)
[^c22804621]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the Capital Allowances Act" substituted for definition of "the Capital Allowances Acts" (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/b)
[^c22804641]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/2)
[^c22804661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "industrial assurance business" substituted (1.12.2001) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(4)(11)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/4/11); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c22804701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "for accounting purposes" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "generally accepted accounting practice" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "period of account" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c23816661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "permanent establishment" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 148(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/6)
[^c23816741]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "generally accepted accounting practice" substituted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/a)
[^c23816701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "international accounting standards" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "offshore installation" inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/2)
[^c23816721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK generally accepted accounting practice" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816761]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "estate in land" inserted (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2)(c); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23816781]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "overseas property business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816871]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816821]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "Schedule A business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816851]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definitions of "the Schedule F ordinary rate", "the Schedule F trust rate" and "the Schedule F upper rate" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816801]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "tax credit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816891]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816911]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Ulster Savings Certificates" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/g), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816941]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [99](https://www.legislation.gov.uk/uksi/2005/3229/regulation/99)
[^c23816961]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "registered pension scheme" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23816981]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "scheme administrator" inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 35(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/35/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21630561]: Source—1979(C) s.155(5).
[^c21630571]: Source—1980 s.24(8)
[^c21630591]: Source—1970 s.529
[^c21630601]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630621]: Source—1970 s.530(1)
[^c21630681]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21630691]: Source—1970 s.530(2), 383; 1981 s.27(10); 1982 s.31(2); 1987 Sch.3 5
[^c21630731]: Source—1970 s.530(3).
[^c22805271]: Words in [s. 833(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/2) substituted (1.4.1996) by [The Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273)](https://www.legislation.gov.uk/uksi/1996/273), [Sch. 2 para. 22(a)](https://www.legislation.gov.uk/uksi/1996/273/schedule/2/paragraph/22/a)
[^c22805291]: Words in [s. 833(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/2) substituted (1.4.1996) by [The Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273)](https://www.legislation.gov.uk/uksi/1996/273), [Sch. 2 para. 22(b)](https://www.legislation.gov.uk/uksi/1996/273/schedule/2/paragraph/22/b)
[^c23817601]: [S. 833(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 108(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/108/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23817621]: [S. 833(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 108(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/108/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23817661]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/5)
[^c23817681]: Words in [s. 833(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817701]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817721]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817741]: Word in [s. 833(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817761]: Words in [s. 833(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817781]: [S. 833(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/5/a/b) substituted for words in s. 833(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817801]: [S. 833(5A)-(5E)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630741]: Source—1970 s.527.
[^c22805331]: Words in [s. 834(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/6)
[^c22805371]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "allowable loss" excluded (with effect in accordance with s. 63(4) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 94(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/94/4)
[^c22805351]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definitions of "loan relationship" and "non-trading deficit" inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/49) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22805381]: Words in [s. 834(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/61), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22805421]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "accounting date" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805411]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "charges on income" substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/4)
[^c22805391]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "derivative contract" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/13)
[^c23817821]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "chargeable profits" inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/5)
[^c23817841]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "statutory insolvency arrangement" inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/8)
[^c23817861]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "allowable loss" inserted (with effect in accordance with [s. 69(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 69(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/69/4)
[^c21630841]: Source—1970 s.528(1), (2); 1971 Sch.6 78; 1972 Sch.24 32.
[^c21630851]: Source—1971 s.34; 1975 (No.2) s.31(4)
[^c21630861]: 1988(F) s.35 Sch.3 para.22*for* 1990-91*and subsequent years.*
[^c21630871]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630881]: Source—1970 s.528(3)(5); 1972 Sch.11 8, Sch.24 32; 1971 Sch.6 78
[^c22805431]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) inserted (with effect in accordance with s. [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/24)
[^c22805441]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) substituted (with effect in accordance with [Sch. 3 para. 40(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/40/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/40/2)
[^c22805461]: [S. 835(8)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/8/c) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 62](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/62)
[^c23818201]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 339](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/339) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630921]: Source—1970 Sch.13
[^c21630931]: Source—1970 s.531
[^c21630941]: *See*—s.26—*and managed as one estate.*[s.145](https://www.legislation.gov.uk/ukpga/1988/1/section/145)—*living accommodation provided for employee.*[s.156](https://www.legislation.gov.uk/ukpga/1988/1/section/156)—*valuation of benefits in kind.*
[^c21630951]: *Reproduced in* Part II Vol.5.
[^c21630961]: [1967 c. 9](https://www.legislation.gov.uk/ukpga/1967/9).
[^c21630981]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/a), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 189(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/189/6)
[^c22805691]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21630991]: Source—1970 s.532.
[^c21631011]: Definition in s. 838 modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/2/c), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22805681]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (30.3.1995) by [The Electricity (Class Exemptions from the Requirement for a Licence) (No. 2) Order 1995 (S.I. 1995/909)](https://www.legislation.gov.uk/uksi/1995/909), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/1995/909/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.10.2001) by [The Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 (S.I. 2001/3270)](https://www.legislation.gov.uk/uksi/2001/3270), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/2001/3270/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21631021]: [S. 838(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [Pt. I para. 31(11)](https://www.legislation.gov.uk/ukpga/1993/37/part/I/paragraph/31/11)
[^c21631141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 104(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/104/3), [112(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/112/7/b) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [1983 c. 55](https://www.legislation.gov.uk/ukpga/1983/55), [Sch. 4A para. 1(5)](https://www.legislation.gov.uk/ukpga/1983/55/schedule/4A/paragraph/1/5) (as inserted (1.12.1992 for specified purposes and 1.1.1993 otherwise) by Finance No. 2 Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 62; [S.I. 1992/2979](https://www.legislation.gov.uk/uksi/1992/2979), [art. 4](https://www.legislation.gov.uk/uksi/1992/2979/article/4), [Sch. Pt. II](https://www.legislation.gov.uk/uksi/1992/2979/schedule/part/II); [S.I. 1992/3261](https://www.legislation.gov.uk/uksi/1992/3261), [art. 3](https://www.legislation.gov.uk/uksi/1992/3261/article/3),Sch.) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 193(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/193/6)
[^c21631151]: Source—1970 s.533.
[^c21631161]: [S. 839(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (E.W.S.) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 8(9)(b)](https://www.legislation.gov.uk/uksi/1992/58/article/8/9/b), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1992/58/schedule/1/paragraph/3)
[^c21631231]: [1958 c. 45](https://www.legislation.gov.uk/ukpga/1958/45).
[^c21631241]: [1940 c. 9 (N.I.)](https://www.legislation.gov.uk/apni/1940/9)
[^c22805721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 127(19) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 127(17)](https://www.legislation.gov.uk/ukpga/1995/4/section/127/17)
[^c22805731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 15(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/15/7) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 105(1), Sch. 13 para. 8(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/8/3) (with [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6))
[^c22805741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 80B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/80B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 97(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/97/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 88B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/88B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 102(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/102/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2)
[^c22805751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 6A para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/6A/paragraph/1/2) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 22(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/22/3), [24](https://www.legislation.gov.uk/ukpga/1997/16/section/24), [Sch. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/4))
[^c22805761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 9](https://www.legislation.gov.uk/ukpga/1994/23/schedule/9) Group 2 Note (6) (as substituted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 38](https://www.legislation.gov.uk/ukpga/1997/16/section/38)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 10 para. 3A(14)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/10/paragraph/3A/14) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 37(3)-(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/37/3))
[^c22805771]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/25/2)
[^c22805701]: [S. 839(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/3A) substituted for s. 839(3) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/20)
[^c22806611]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 48(11) of the affecting Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 48(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/48/10)
[^c22806621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/10) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/11/paragraph/3/4)
[^c22806631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 97(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/97/2/a)
[^c22806641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (28.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 119(9)(13)](https://www.legislation.gov.uk/ukpga/2000/17/section/119/9/13) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 62 of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 71(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/71/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 102(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/102/3) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/25/2) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22806651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 575(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/1) (with [s. 575(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/2))
[^c22806661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 70(1) of the affecting Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 31(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/31/4) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22806671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2002) by [The Aggregates Levy (General) Regulations 2002 (S.I. 2002/761)](https://www.legislation.gov.uk/uksi/2002/761), [reg. 12(2)](https://www.legislation.gov.uk/uksi/2002/761/regulation/12/2)
[^c22806681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.6.2002) by [The Beer Regulations 1993 (S.I. 1993/1228)](https://www.legislation.gov.uk/uksi/1993/1228), [Sch. 1](https://www.legislation.gov.uk/uksi/1993/1228/schedule/1) (as amended by [The Beer and Excise Warehousing (Amendment) Regulations 2002 (S.I. 2002/1265)](https://www.legislation.gov.uk/uksi/2002/1265), [reg. 2(5)(b)](https://www.legislation.gov.uk/uksi/2002/1265/regulation/2/5/b))
[^c22806721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 55(7) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 55(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/5) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/5) (as inserted (with effect in accordance with [s. 104(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Alcoholic Liquor Duties Act 1979 (c. 4)](https://www.legislation.gov.uk/ukpga/1979/4), [s. 36B(8)](https://www.legislation.gov.uk/ukpga/1979/4/section/36B/8) (as inserted (1.6.2002) [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 4(1)(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/4/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/1/paragraph/2)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 53(1) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 19(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/19/2) (with [Sch. 12 para. 20](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 13 para. 28 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/27/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 37 para. 2(5) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 37 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/37/paragraph/2/4/b)
[^c22806731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 4 para. 4A(3)](https://www.legislation.gov.uk/uksi/2001/1004/schedule/4/paragraph/4A/3) (as inserted (28.11.2002) by The Social Security (Contributions)(Amendment No. 5) Regulations 2002 ([S.I. 2002/2929](https://www.legislation.gov.uk/uksi/2002/2929)), reg. 5)
[^c23818621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 51(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/51/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23818631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 718](https://www.legislation.gov.uk/ukpga/2003/1/section/718) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23818641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003 with effect in accordance with Sch. 19 of the affecting Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 45(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/45/6), [53(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/53/2), [58(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/58/5), [108(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/108/1), [Sch. 4 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1/2), [10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/10/4), [12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/12/2); [S.I. 2003/2899](https://www.legislation.gov.uk/uksi/2003/2899), [art. 2](https://www.legislation.gov.uk/uksi/2003/2899/article/2)
[^c23818651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/26/paragraph/7/3)
[^c23818661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (1.12.2003) by [The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816)](https://www.legislation.gov.uk/uksi/2003/2816), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2816/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2816/schedule/paragraph/3/2) (replacing [S.I. 2003/2760](https://www.legislation.gov.uk/uksi/2003/2760), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2760/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2760/schedule/paragraph/3/2)); and [S.I. 2003/2816](https://www.legislation.gov.uk/uksi/2003/2816) is revoked and replaced by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 paras. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/14), [17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2), [26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26)
[^c23818671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Value Added Tax Regulations 1995 (S.I. 1995/2518)](https://www.legislation.gov.uk/uksi/1995/2518), [reg. 171(7)(8)](https://www.legislation.gov.uk/uksi/1995/2518/regulation/171/7/8) (as inserted (11.12.2003) by [The Value Added Tax (Amendment) (No. 6) Regulations 2003 (S.I. 2003/3220)](https://www.legislation.gov.uk/uksi/2003/3220), [regs. 1(1)(b)](https://www.legislation.gov.uk/uksi/2003/3220/regulation/1/1/b), [23](https://www.legislation.gov.uk/uksi/2003/3220/regulation/23))
[^c23818681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818691]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (with effect in accordance with s. 84(2) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/15/paragraph/2)
[^c23818701]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 45A(10)](https://www.legislation.gov.uk/ukpga/2003/14/section/45A/10) (as inserted (with effect in accordance with [Sch. 39 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/13/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/5/5))
[^c23818711]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 44(11)](https://www.legislation.gov.uk/ukpga/2003/14/section/44/11) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 15(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/15/4))
[^c23818721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2))
[^c23818731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 15 para. 39](https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/39) (as substituted (with effect in accordance with [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 41 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/1))
[^c23818741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (S.I. 2004/1863)](https://www.legislation.gov.uk/uksi/2004/1863), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1863/regulation/1/1/3)
[^c23818751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 (S.I. 2004/1865)](https://www.legislation.gov.uk/uksi/2004/1865), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1865/regulation/1/1/3)
[^c23818761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(5)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/5), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c22806591]: Words in [s. 839(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/8) inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 15](https://www.legislation.gov.uk/uksi/1997/1154/regulation/15)
[^c23818791]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 83(9)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/9)
[^c23818801]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(4)(n)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/4/n), [31(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/31/3), [Sch. 3 para. 12](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/12)
[^c23818811]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91D(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/91D/12) (as inserted (with effect in accordance with [Sch. 7 para. 10(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/4))
[^c23818821]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 17A para. 18A(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/18A/6) (as inserted (with effect in accordance with [Sch. 10 para. 16(5)-(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/16/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/14))
[^c23818831]: Words in [s. 839(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [100](https://www.legislation.gov.uk/uksi/2005/3229/regulation/100)
[^c23819041]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 161(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/161/8), [273(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/273/11), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818941]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 266A(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/266A/7) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818951]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 162(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/162/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 6(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/6/4), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818961]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 172A(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/172A/11), [172B(9)](https://www.legislation.gov.uk/ukpga/2004/12/section/172B/9), [172C(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/172C/7), [172D(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/172D/6) (as inserted (6.4.2006) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 paras. 38](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/38), [64(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/64/1))
[^c23818971]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 11D(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/11D/5) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 161(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/161/2), [Sch. 23 para. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/23/paragraph/38))
[^c23818981]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Pension Schemes (Reduction in Pension Rates) Regulations 2006 (S.I. 2006/138)](https://www.legislation.gov.uk/uksi/2006/138), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/138/regulation/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2006/138/regulation/2/3)
[^c23818991]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2006) by [The Registered Pension Schemes (Provision of Information) Regulations 2006 (S.I. 2006/567)](https://www.legislation.gov.uk/uksi/2006/567), [regs. 1](https://www.legislation.gov.uk/uksi/2006/567/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/567/regulation/2/2)
[^c23819021]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Authorised Investment Funds Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 52A(7)](https://www.legislation.gov.uk/uksi/2006/964/regulation/52A/7) (as inserted (7.12.2006) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2006 (S.I. 2006/3239)](https://www.legislation.gov.uk/uksi/2006/3239), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3239/regulation/1), [2](https://www.legislation.gov.uk/uksi/2006/3239/regulation/2))
[^c23819031]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (14.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Oil Taxation (Market Value of Oil) Regulations 2006 (S.I. 2006/3313)](https://www.legislation.gov.uk/uksi/2006/3313), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/1/1), [8(4)](https://www.legislation.gov.uk/uksi/2006/3313/regulation/8/4)
[^c23819011]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.1.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 34(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/34/4), [53(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/53/1); [S.I. 2006/3399](https://www.legislation.gov.uk/uksi/2006/3399), [art. 2](https://www.legislation.gov.uk/uksi/2006/3399/article/2)
[^c23819001]: [S. 839(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (6.4.2006) by [The Registered Pension Schemes (Authorised Surplus Payments) Regulations 2006 (S.I. 2006/574)](https://www.legislation.gov.uk/uksi/2006/574), [regs. 1](https://www.legislation.gov.uk/uksi/2006/574/regulation/1), [2(5)](https://www.legislation.gov.uk/uksi/2006/574/regulation/2/5)
[^c23818921]: Word at the end of s. 839(3)(b) repealed (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/a), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15), Note
[^c23818881]: [S. 839(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/d/e) substituted for words in s. 839(3) (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/b), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23818901]: [S. 839(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3B) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 25(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/25/c), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c22806791]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/87/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/67/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s.77(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/77/6) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 22 para. 17(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/17/6/a/ii) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/8/9) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.2.2001) by [Trustee Act 2000 (c. 29)](https://www.legislation.gov.uk/ukpga/2000/29), [ss. 19(3)](https://www.legislation.gov.uk/ukpga/2000/29/section/19/3), [42(2)](https://www.legislation.gov.uk/ukpga/2000/29/section/42/2); [S.I. 2001/49](https://www.legislation.gov.uk/uksi/2001/49), [art. 2](https://www.legislation.gov.uk/uksi/2001/49/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.7.2002) by [Trustee Act (Northern Ireland) 2001 (c. 14)](https://www.legislation.gov.uk/nia/2001/14), [ss. 19(3)](https://www.legislation.gov.uk/nia/2001/14/section/19/3), [45(1)](https://www.legislation.gov.uk/nia/2001/14/section/45/1); [S.R. 2002/253](https://www.legislation.gov.uk/nisr/2002/253), [art. 2](https://www.legislation.gov.uk/nisr/2002/253/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5AA para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/4/3) (as inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3))
[^c23819241]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/14/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23819251]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied and extended (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 69](https://www.legislation.gov.uk/ukpga/2003/1/section/69), [719](https://www.legislation.gov.uk/ukpga/2003/1/section/719) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23819261]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 65(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/65/3)
[^c23819271]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(6)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/6), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c21631261]: Source—1970 s.534
[^c21631271]: Source—1970 s.535; 1973 Sch.21 9; 1987 (No.2) s.73
[^c22806911]: Words in [s. 841(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/841/3) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/6); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c21631371]: Source—1970 s.359; 1973 s.54; 1979(C) Sch.7.
[^c21631381]: 1988(F) s.117(1)(a)*for accounting periods ending after* 5*th April* 1988.
[^c21631391]: 1988(F) s.117(1)(b)*for accounting periods ending after* 5*th April* 1988.*Previously* “that the shares or securities of the company are quoted on the Stock Exchange and”.
[^c21631401]: 1988(F) s.117(1)(c)*for accounting periods ending after* 5*th April* 1988.
[^c21631411]: 1990 s.55*in relation to accounting periods ending on or after* 26*July* 1990.
[^c21631421]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(55)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/55) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22806941]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c22807011]: Words in [s. 842(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/c) substituted (with effect in accordance with [Sch. 38 para. 7(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/b)
[^c22806991]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/3)
[^c22807021]: [S. 842(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1A/a) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 2 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/2/paragraph/12/2)
[^c22807031]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/a)
[^c22807051]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/b)
[^c22807071]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/a)
[^c22807091]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/b)
[^c22807111]: [S. 842(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AB) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/4)
[^c22807141]: Words in [s. 842(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3/c) repealed (with effect in accordance with Sch. 9 paras. 7, 8 of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2), Note
[^c22807131]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) added (with effect in accordance with Sch. 9 paras. 7, 8(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^c23819461]: [S. 842(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AC) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/4)
[^c23819481]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819501]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) restored (as a result of the repeal of amending provision FA 1996 (c. 8), Sch. 30 para. 2(2) with effect in accordance with s. 145(2) of the repealing Act) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143](https://www.legislation.gov.uk/ukpga/2006/25/section/143), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c23819521]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 143(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/143/c), [Sch. 26 Pt. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/4)
[^c21631491]: [S. 842A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/a) substituted (1.4.1993) by [Local Government Finance Act 1992 (c. 14)](https://www.legislation.gov.uk/ukpga/1992/14), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1992/14/section/117/1), [Sch. 13 para. 57](https://www.legislation.gov.uk/ukpga/1992/14/schedule/13/paragraph/57) (with [s. 118(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1992/14/section/118/1/2/4)); [S.I. 1992/2454](https://www.legislation.gov.uk/uksi/1992/2454), [art. 3(1)(a)](https://www.legislation.gov.uk/uksi/1992/2454/article/3/1/a)
[^c21631501]: [1988 c. 41](https://www.legislation.gov.uk/ukpga/1988/41).
[^c21631531]: [1973 c. 65](https://www.legislation.gov.uk/ukpga/1973/65).
[^c22807361]: [S. 842A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/h) inserted (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 144](https://www.legislation.gov.uk/ukpga/1995/4/section/144)
[^c22807381]: [1992 c. 19](https://www.legislation.gov.uk/ukpga/1992/19).
[^c22807391]: [S. 842A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/e) repealed (1.4.1995) by [Police and Magistrates' Courts Act 1994 (c. 29)](https://www.legislation.gov.uk/ukpga/1994/29), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1994/29/section/94/1), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/29/schedule/9/part/1); [S.I. 1994/3262](https://www.legislation.gov.uk/uksi/1994/3262), [art. 4](https://www.legislation.gov.uk/uksi/1994/3262/article/4), [Sch.](https://www.legislation.gov.uk/uksi/1994/3262/schedule)
[^c22807401]: [S. 842A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/a) substituted (1.4.1996) for s. 842A(3)(a)-(c) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(a)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/a); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807421]: Words in [s. 842A(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/e) substituted (1.4.1996) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(b)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/b); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807441]: Words in [s. 842A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(a)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/a); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807461]: Words in [s. 842A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/b) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(b)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/b); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807481]: Words in [s. 842A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/c) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(c)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/c); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807501]: Words in [s. 842A(1)(a)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a/b/c) repealed (1.4.2002) by [Criminal Justice and Police Act 2001 (c. 16)](https://www.legislation.gov.uk/ukpga/2001/16), [s. 138(2)](https://www.legislation.gov.uk/ukpga/2001/16/section/138/2), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2001/16/schedule/6/paragraph/71), [Sch. 7 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2001/16/schedule/7/part/5/1); [S.I. 2002/344](https://www.legislation.gov.uk/uksi/2002/344), [art. 3(k)(m)](https://www.legislation.gov.uk/uksi/2002/344/article/3/k/m)
[^c23819681]: [S. 842A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/f) substituted (E.W.) (1.10.2004 for E. and 10.11.2004 for W.) by [Fire and Rescue Services Act 2004 (c. 21)](https://www.legislation.gov.uk/ukpga/2004/21), [s. 61](https://www.legislation.gov.uk/ukpga/2004/21/section/61), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2004/21/schedule/1/paragraph/64); [S.I. 2004/2304](https://www.legislation.gov.uk/uksi/2004/2304), [art. 2](https://www.legislation.gov.uk/uksi/2004/2304/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2304/article/3)); [S.I. 2004/2917](https://www.legislation.gov.uk/uksi/2004/2917), [art. 2](https://www.legislation.gov.uk/uksi/2004/2917/article/2)
[^c22807181]: [S. 842AA(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5A/5B) inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 75(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/75/1)
[^c22807201]: [S. 842AA(6)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/6/ca) inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/75/2)
[^c22807171]: Words in [s. 842AA(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/2/e) substituted (with effect in accordance with [Sch. 38 para. 7(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/c)
[^c22807221]: Word in [s. 842AA(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/14) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/a), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c22807231]: [S. 842AA(5AA)-(5AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5AA) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(4)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/4/5)
[^c22807251]: [S. 842AA(5AD)(5AE)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5AD/5AE) inserted (with effect in accordance with [Sch. 18 para. 8(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/8/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/8/2)
[^c22807351]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA): power to modify conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 3-12](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/3)
[^c23819761]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) modified (17.9.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/1), [13(7)(9)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/7/9), [14(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/14/1)
[^c22807271]: Words in [s. 842AA(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/2/f) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/2)
[^c22807331]: Words in [s. 842AA(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/13)
[^c22807291]: [S. 842AA(11)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11/za) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/3/a)
[^c22807311]: Words in [s. 842AA(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11/b) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/3/b)
[^c23819771]: [S. 842AA(11A)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11A) inserted (with effect in accordance with [Sch. 14 para. 8(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/8/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 8(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/8/1)
[^c22806801]: [S. 840A(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/c) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/2)
[^c22806851]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c22806861]: [S.I. 1985/1205 (N.I. 12)](https://www.legislation.gov.uk/nisi/1985/1205).
[^c22806821]: [S. 840A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/3)
[^c22806871]: [S. 840A(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/ii) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/2)
[^c22806891]: [1974 c. 46](https://www.legislation.gov.uk/ukpga/1974/46).
[^c22806901]: [1992 c. 40](https://www.legislation.gov.uk/ukpga/1992/40).
[^c23819321]: Words in [s. 840A(1)(b)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/iv) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/36) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c22805651]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22805661]: [S. 837A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/5) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805601]: [1998 c. 17](https://www.legislation.gov.uk/ukpga/1998/17).
[^c22807511]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23818441]: [S. 836B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/836B/2) Table Pt. 3: entry in Column 1 inserted (30.3.2006 with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [2(1)(a)](https://www.legislation.gov.uk/uksi/2006/959/article/2/1/a)
[^c23818461]: [S. 836B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/836B/2) Table Pt. 3: entry in Column 2 inserted (30.3.2006 with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2006/959/article/2/1/b)
[^c21631581]: Source—1970 Sch.2
[^c21631591]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21631621]: Source—1970 Sch.5 1; 1971 Sch.6 80
[^c21631631]: *See* s.656 *ante—purchased life annuities.*
[^c22720871]: Word in [Sch. 3 para. 1(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/1/c) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/a)
[^c21631641]: Source—1970 Sch.5 2-5
[^c21631651]: [1870 c. 71](https://www.legislation.gov.uk/ukpga/1870/71).
[^c21631661]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631671]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631721]: Source—1970 Sch.5 6(a)(b)
[^c21631731]: [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6/2) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631851]: [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/7) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631881]: [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/8) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631901]: [Sch. 3 para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/9) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631921]: [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/10) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631941]: Source—1970 Sch.5 11-13.
[^c21631951]: Words in [Sch. 3 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/11) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631961]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(5)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/a), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631971]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(5)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/b), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631981]: Source—1970 Sch.5 6(c), 14
[^c21631691]: [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21631751]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631761]: Words in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/1), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631771]: [Sch. 3 para. 6A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/2A) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/2), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631781]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/3), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21853201]: Word in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/i)
[^c21853221]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) ceases to have effect (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/ii)
[^c21631791]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631801]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631811]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631821]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21853541]: [Sch. 3 para. 6E(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6E/1/3) repealed (with effect in accordance with [s. 103(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/103/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/11), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21631831]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631991]: [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21632011]: Source—1970 Sch.12 Pt.III 6; 1987 Sch.15 2(23)
[^c21632021]: [Sch. 3 para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/15/2) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21846671]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846691]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846701]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846721]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847081]: [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/19/2)
[^c21846741]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846751]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846771]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846781]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846801]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846821]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846841]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632641]: 1989 s. 93*and* Sch. 10 para. 5.
[^c21846851]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846891]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846911]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846931]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632731]: 1989 s.93*and* Sch.10 para.7.
[^c21846951]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846971]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846991]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847011]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847031]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847051]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632821]: 1990 s.56*and* Sch.10 paras.26(3), 29(4)*on and after* 9*June* 1989.
[^c21847071]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632651]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 4 paras.3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/5)
[^c21632661]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c21846871]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632831]: Source—1970 Sch.6; 1973 s.35; 1984 s.48(6)-(9)
[^c21853311]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389811]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389831]: Word in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827391]: Words in [Sch. 5 para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/1)
[^c21827411]: [Sch. 5 para. 2(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/4/a) substituted for para. 2(4)(a)(b) (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/2)
[^c21827431]: [Sch. 5 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/5/6) inserted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/3)
[^c21861361]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23389851]: Words in [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389871]: [Sch. 5 para. 2(3)(a)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3/a/4/a/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389911]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definitions of "commencement year" and "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853331]: Words in [Sch. 5 para. 3(1)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1/4/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389941]: Words in [Sch. 5 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389961]: Words in [Sch. 5 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389981]: Words in [Sch. 5 para. 3(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/9/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390001]: Words in [Sch. 5 para. 3(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390021]: Words in [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(5)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/5/a/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853351]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390041]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827451]: [Sch. 5 para. 6(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/4)
[^c21861381]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23390061]: Word in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390081]: Words in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390101]: [Sch. 5 para. 6(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2/a/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390131]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853361]: Words in [Sch. 5 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853381]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390151]: Words in [Sch. 5 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390261]: Word in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390221]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21858781]: Words in [Sch. 5 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/9/4) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 76(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/76/2/3)
[^c23390311]: Words in [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/11) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21633101]: [Sch. 6 Pt. I](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/part/I) substituted (27.7.1993 with effect for the year 1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 70(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/70/1/2)
[^c21632971]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21632981]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777951]: Words in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/6) substituted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/3)
[^c21632991]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633001]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633011]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633021]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633031]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21873101]: [Sch. 6 para. 9(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/9/c) restricted (6.4.1994 with effect in accordance with reg. 4(2) of the 1994 affecting S.R.) by [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 10(6)(a)](https://www.legislation.gov.uk/ukpga/1992/7/section/10/6/a) (as substituted by [The Social Security (Contributions) (Miscellaneous Amendments) Regulations (Northern Ireland) 1994 (S.R. 1994/94)](https://www.legislation.gov.uk/nisr/1994/94), [reg. 4(1)](https://www.legislation.gov.uk/nisr/1994/94/regulation/4/1))
[^c21633041]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633051]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777971]: Words in [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/10) inserted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/4)
[^c22777921]: [1988 c. 52](https://www.legislation.gov.uk/ukpga/1988/52).
[^c22777931]: [S.I. 1981/154 (N.I. 1)](https://www.legislation.gov.uk/nisi/1981/154).
[^c21633471]: Source—1976 Sch.8 1(1)
[^c21633481]: Source—1976 Sch.8 2
[^c21633491]: Source—1976 Sch.8 3
[^c21633501]: Source—1976 Sch.8 1(2)
[^c21873541]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) substituted (with effect in accordance with [s. 88(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a)
[^c21873531]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with [s. 88(5)(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/5/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22194401]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/41), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c21633511]: Source—1976 Sch.8 4
[^c21633531]: Source—1976 Sch.8 5, 6, 7
[^c21633541]: Words in [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/1) added (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/1)
[^c21633551]: [Sch. 7 paras. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/2/3) repealed (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21881821]: [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4) renumbered as para. 4(1) (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c21881841]: [Sch. 7 para. 4(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4/2) inserted (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c22172431]: Words in [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/a) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/a)
[^c22172451]: Words in [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/b) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/b)
[^c22172471]: [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/2) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3)
[^c21633581]: [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/6) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21633591]: Source—1976 Sch.8 9, 10, 11
[^c21633611]: Source—1976 Sch.8 12-14; 1983 (No.2) s.4
[^c21633621]: Words in [Sch. 7 para. 10(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/10/1/2) repealed (27.7.1993 with effect as mentioned in [s. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/1)
[^c21633641]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873561]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633661]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633671]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633681]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/4), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633691]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by Finance Act [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), SIF 63:1), s. 27(6), Sch. 6 para.5
[^c21633701]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873571]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633751]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633761]: Words in [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/19/1) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21633771]: Words in definition of “excess liability” in Sch. 7 para. 19(1) substituted (with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21873581]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22777991]: Words in [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/1) repealed (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/2), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c22778051]: Words in [Sch. 8 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/2) substituted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/2)
[^c22778011]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/3)
[^c22778091]: Word in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) repealed (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5), Note 6
[^c22778071]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3)
[^c22778031]: [Sch. 8 para. 7(4)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/4) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/4)
[^c22778111]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 5 para. 16(6)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/16/6)
[^c22778121]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 35(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/35/4)
[^c22778131]: [Sch. 8 para. 8(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/8/a) repealed (with effect in accordance with s. 137(6) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/1), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21633901]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(2)(a)*and* 17 Part IV.
[^c21633911]: 1989 s.61*and* Sch.4 para.10(2)(b)(i).
[^c21633921]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(1), (2)(a)*and* 17 Part IV.
[^c21633941]: 1989 s.61*and* Sch.4 para.10(2)(b)(ii).*Previously* “the base year referred to in sub-paragraph (3) above”.
[^c21633951]: 1989 s.61*and* Sch.4 para.10(2)(b)(iii).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit”.
[^c21633961]: 1989 s.61*and* Sch.4 para.10(2)(b)(iv).*Previously* “(6) The references in this paragraph to the standard pay of the employment unit are references to the amount which the scheme employer, at the time when he applies for registration of the scheme, reasonably estimates will be the annual equivalent of the pay, at the beginning of the profit period or first profit period, of the employees to whom the scheme will then relate; and for this purpose an estimate shall (in the absence of evidence to the contrary) be taken to be a reasonable one if it is based on the most recent information available to the employer as to the monthly or annual pay of the relevant employees.”.
[^c21633971]: 1989 s.61*and* Sch.4 para.11.
[^c21633981]: *Repealed by* 1989 ss.61*and* 187, Schs.4 para.10(1)*and* 17 Part IV.
[^c21633991]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634001]: 1989 s.61*and* Sch.4 para.10(2)(c).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit.”.
[^c21634011]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634021]: 1989 s.61*and* Sch.4 para.13.
[^c21634031]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634041]: 1989 s.61*and* Sch.4 para.14(2).
[^c21634051]: 1989 s.61*and* Sch.4 para.14(3).*Previously* “(f) profit-related pay payable under the scheme;”.
[^c21634061]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634071]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21882051]: [Sch. 8 para. 19(6)(g)-(k)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/g) repealed (with effect in accordance with s. 136(5)-(11) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/2), [Sch. 29 Pt. 8(19)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/19), Note
[^c21882091]: [Sch. 8 para. 19(6)(l)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/l) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/3)
[^c21882111]: [Sch. 8 para. 19(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6A) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/4)
[^c22778141]: Words in [Sch. 8 para. 19(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/5/b) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/a)
[^c22778161]: [Sch. 8 para. 19(6)(fg)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/fg) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/b)
[^c21634081]: 1989 s.61*and* Sch.4 para.15.
[^c21634401]: Source—1980 Sch.10 5(b)
[^c21634411]: Source—1980 Sch.10 24
[^c21634421]: Source—1980 Sch.10 6
[^c21634431]: Source—1980 Sch.10 7
[^c21634461]: Source—1980 Sch.10 8; 1986 s.23(3)
[^c21634481]: Words in [Sch. 9 para. 19(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c22194801]: Words in [Sch. 9 para. 19(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/a)
[^c21634501]: Source—1980 Sch.10 9
[^c21634511]: Words in [Sch. 9 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/20) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c21634521]: Source—1980 Sch.10 10; 1986 s.25(4), (8), (9)
[^c21634531]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21634541]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c22172601]: Word in [Sch. 9 para. 21(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 2
[^c22172611]: [Sch. 9 para. 21(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1/f) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1)
[^c22172631]: [Sch. 9 para. 21(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/2)
[^c21634551]: Source—1980 Sch.10 11
[^c21634561]: Source—1980 Sch.10 12; 1986 s.25(5)
[^c21634641]: Source—1980 Sch.10 13(1)
[^c21634651]: Source—1980 Sch.10 13(2), (3); 1984 s.39(5)
[^c21634661]: Figure in Sch. 9 para. 24(2)(a) substituted (01.09.1991) by virtue of [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/40/1); [S.I. 1991/1741](https://www.legislation.gov.uk/uksi/1991/1741), [art.2](https://www.legislation.gov.uk/uksi/1991/1741/article/2).
[^c21634671]: Source—1980 Sch.10 14
[^c21634681]: 1989 s.62(3).*Previously* “90 per cent.”.
[^c21634691]: Source—1980 Sch.10 20; 1984 s.39(6); 1986 s.25(7)
[^c21634701]: Source—1980 Sch.10 21; 1986 s.25(6)
[^c21884141]: Words in [Sch. 9 para. 26(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/1/a) substituted (with effect in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/2)
[^c22172651]: Words in [Sch. 9 para. 26(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/3) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/3)
[^c21634711]: Source—1984 Sch.10 4(1)(a), (2)
[^c21634721]: Source—1984 Sch.10, 12
[^c21634731]: Source—1984 Sch. 10 15(1)
[^c21884161]: Words in [Sch. 9 para. 27(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/27/4) repealed (with effect in accordance with s. 137(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/3), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21634741]: Source—1984 Sch. 10 5
[^c22172671]: Words in [Sch. 9 para. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/a)
[^c22180711]: [Sch. 9 para. 28(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/2/4) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/b), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22181421]: [Sch. 9 para. 28(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/3) applied (with effect in accordance with Sch. 16 para. 1 of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/2/2)
[^c21634761]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) substituted (1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 39(1)(7)](https://www.legislation.gov.uk/ukpga/1991/31/section/39/1/7)
[^c22180741]: [Sch. 9 para. 29(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/1) substituted for para. 29(1)-(6) (with effect in accordance with [s. 114(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/3)
[^c22194581]: [Sch. 9 para. 29(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/8) repealed (with effect in accordance with s. 114(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22210601]: Words in [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21635981]: Source—1977 Sch.7 4(1), (2), (5)
[^c21635991]: 1989 s.42(5)*for* 1989-90*and subsequent years of assessment. Previously* “emoluments from the relevant employment in respect of which such a deduction is allowed for the year of assessment”.
[^c22194411]: Words in [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 42](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/42), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22210611]: Words in [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21636021]: Source—1977 Sch.7 1(2), (3), (4)
[^c22210621]: Words in [Sch. 12 para. 3(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/1/3) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210671]: Words in [Sch. 12 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/a) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/i)
[^c22210681]: Words in [Sch. 12 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/ii)
[^c22217711]: [Sch. 12 para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2A) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21636061]: Source—1977 Sch.7 6-8
[^c21636071]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22210651]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210701]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/i)
[^c22210721]: Words in [Sch. 12 para. 5(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5/a/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/ii)
[^c22210661]: Words in [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/6) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22217791]: [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/7) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21635961]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c21635971]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c22210591]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22245981]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 15](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/15)
[^c21636121]: *See* s.250—*returns in connection with stock dividends.*
[^c21892291]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21868081]: [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/2)
[^c21868101]: [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/3)
[^c22733991]: [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/b) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734011]: Words in [Sch. 13 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/c) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22733971]: Words in [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/c), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734031]: Words in [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734071]: [Sch. 13 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4/b) and preceding word repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21636141]: *For rates of corporation tax see* Tables K*and* L*in* Vol.1.
[^c21868121]: [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/4)
[^c21868141]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/5)
[^c21892311]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21890981]: Words in [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2) renumbered as para. 2(2)(a) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c21891001]: [Sch. 13 para. 2(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2/b/c) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c22734211]: Words in [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 6 para. 16(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/13) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/i)
[^c22734231]: [Sch. 13 para. 2(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1/d) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734251]: Words in [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/2)
[^c22734271]: [Sch. 13 para. 2(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4A) inserted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/3)
[^c22734301]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868161]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/a)
[^c21868181]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/b)
[^c21892321]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891021]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/a)
[^c21891041]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/b)
[^c22734321]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734341]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/b), [Sch 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868221]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/8)
[^c22734381]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734401]: [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/3) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/4)
[^c21891121]: Words in [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/5) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/5)
[^c21868301]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(11)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/11)
[^c21891161]: [Sch. 13 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/2)
[^c21891181]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/3)
[^c21891201]: [Sch. 13 para. 7(3A)(4)(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3A/4/4A/4B) substituted for para. 7(4) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/4)
[^c22734461]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para 16(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/10), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892331]: [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891241]: Words in [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/9)
[^c21892341]: [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636151]: 1989 s.149(3)(c)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 39”.
[^c22778541]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22778551]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734421]: [Sch. 14 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/4A) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/8), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734441]: [Sch. 13 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/6A) repealed (with effect in accordance with Sch. 6 para 16(13) of the repealing Act) by [Finance Act (No. 2) 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/9), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734521]: [Sch 13 para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/9A) repealed (with effect in accordance with Sch. 6 para. 16(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/11), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892361]: [Sch. 13 para. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7A) applied (with modifications) (1.7.1997 with effect in accordance with reg. 6(2) of the amending instrument the appointed day being 1.7.1997 ([S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173) art. 2)) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636161]: Source—1976 Sch.4 8, 9, 10
[^c23403061]: Words in [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/a)
[^c23403041]: [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/b)
[^c21636791]: Source—1970 s.337(1)(b); 1985 s.41(7)(a)
[^c21636951]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343)(N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is a member of a recognised body.*
[^c22783731]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) restricted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(1)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/1/9) (with [s. 55(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2/3)) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1))
[^c21637061]: Source—1975 Sch.2 1; 1987 Sch.15 7
[^c21637071]: Source—1970 Sch.1 11(1); 1975 Sch.2 2(1); 1976 s.33(1); 1978 Sch.3 13(1)(a), (b)
[^c21637081]: Source—1970 Sch.1 11(2); 1975 Sch.2 2(2); 1976 s.33(2); 1978 Sch.3 13(1)(b)
[^c21637091]: Source—1970 Sch.1 11(3)
[^c23820761]: [Sch. 15 para. 22(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22/3/c) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(3)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/3/4/6)
[^c23821161]: Words in [Sch. 15 para. 25(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637181]: [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/2/2/a) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1)
[^c22737481]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(a)
[^c22737521]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(b)
[^c22737621]: Words in [Sch. 16 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/1) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/a), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c22737641]: [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/3) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/b), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c21637211]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/4/1/2)
[^c22737541]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(1)(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/1/7) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21637221]: *See* s.341—*payments of interest between related companies.*
[^c22737701]: Words in [Sch. 16 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/6/5) substituted (S.) (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp17), s. 64(2), sch. 3 para. 19
[^c22737581]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/13)
[^c22737661]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/a)
[^c22737681]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/b)
[^c21637231]: 1989 s.149(3)(d)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 37”.
[^c21637151]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) modified by [S.I. 1991/512](https://www.legislation.gov.uk/uksi/1991/512), [reg.3](https://www.legislation.gov.uk/uksi/1991/512/regulation/3) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg. 13(2)(d)](https://www.legislation.gov.uk/uksi/1992/569/regulation/13/2/d) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (24.9.1992) by [S.I. 1992/2074](https://www.legislation.gov.uk/uksi/1992/2074), [reg. 14(5)](https://www.legislation.gov.uk/uksi/1992/2074/regulation/14/5) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(3)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/3)
[^c21637161]: *See*—1970(M) s.55—*recovery of tax not in dispute.*1970(M) s.87—*interest on overdue ACT.*1988 s.339—*donations to charity.*1988 s.341—*payments of interest etc between related companies.*1988 s.479—*interest paid on deposits with banks etc.* (*but ceases to have effect as regards interest paid or credited on or after* 6*April* 1991).1988 s.480A—*relevant deposits: deduction of tax from interest payments.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1988 No.482](https://www.legislation.gov.uk/ukcm/1988/482) (*in* Part III Vol.5) regn. 7—*Building Society Regulations.*
[^c21637171]: Source—1972 Sch.20
[^c22737611]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (1.7.1997) by [The Manufactured Interest (Tax) Regulations 1997 (S.I. 1997/992)](https://www.legislation.gov.uk/uksi/1997/992), [reg. 3](https://www.legislation.gov.uk/uksi/1997/992/regulation/3)
[^c21637241]: Source—1987 (No.2) Sch.4
[^c22742631]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637391]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to (9)” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637401]: 1989 s.101(2)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities;”.
[^c22744671]: [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5) applied (with modifications) (1.5.1995) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4))
[^c21637411]: 1989 s.101(3)*from* 27*July* 1989;*from* 14*March* *for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(a) which does not carry any right either to conversion into shares or securities of any other description or to the acquisition of additional shares or securities;”.
[^c21637421]: 1989 s.101(4)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.
[^c21637431]: [Sch. 18 para. 1(5E)-(5I)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E) inserted (1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 77(1)-(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/77/1)
[^c21637471]: *See* s.291(6)—para.1*applied for purposes of business expansion scheme.*
[^c22746131]: Word in [Sch. 18 para 1(5C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5C/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(k)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/k)
[^c22750151]: Words in [Sch. 18 para. 1(3)(d)(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/3/d/5/c) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/2) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750181]: Words in [Sch. 18 para. 1(5E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/a) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/a)
[^c22750201]: Words in [Sch. 18 para. 1(5E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/b) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) (by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/b)
[^c22750221]: Words in [Sch. 18 para 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/68/2) of the amending Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 6](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/6)
[^c22751751]: Words in [Sch. 18 para. 1(6)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/i/ii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751781]: Words in [Sch. 18 para. 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22742651]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637481]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750241]: [Sch. 18 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1A) inserted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/3) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22742661]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637491]: *See* 1990 s.32(13)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637501]: *See* s.291(6)—para.3*applied for purposes of business expansion scheme.*
[^c22742671]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637511]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637521]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750261]: [Sch. 18 para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/5) inserted (with effect in accordance with [Sch. 27 para 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/4) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637531]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742771]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637601]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750681]: Words in [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/6) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637621]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22742781]: Words in [Sch. 18 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/b)
[^c21637631]: *See* 1990 s.32(12)(d). Para 7(1)(b)*omitted where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c23821911]: Words in [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/3)
[^c23821931]: [Sch. 18 para. 7(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1A) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/4)
[^c21637281]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (E.W.S) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 35(5)](https://www.legislation.gov.uk/uksi/1992/58/article/35/5) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/8), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 228(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21637291]: Source—1973 Sch. 12 Pt. I; 1973 s. 32(6); 1987 Sch. 15 5
[^c21637301]: *See*—s.240(13)—*application of* Sch.18*for purposes of* s.240—*set-off of surplus ACT.*[s.247(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/9A)—*application of* Sch.18*for purposes of.*[s.247(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/8A), (9)(c)—*dividends etc. paid by one member of a group to another.*[s.769(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6C)—*application of* Sch.18*for purposes of.*[s.769(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6B)—*rules for ascertaining change in ownership of company.*1990 s.32(12)—*application of* Sch.18*for relief for disposal of shares to employee share ownership trusts.*
[^c21637541]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742691]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22743281]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/2)
[^c22742841]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22744711]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(2)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/2)
[^c22744731]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/2)
[^c22746171]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21637551]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c23821851]: Words in [Sch. 18 para. 5B(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821871]: [Sch. 18 para. 5B(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21637561]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742711]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637571]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742731]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637581]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742751]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22750941]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied by [Finance Act 1930 (c. 28)](https://www.legislation.gov.uk/ukpga/1930/28), [s. 42(5)](https://www.legislation.gov.uk/ukpga/1930/28/section/42/5) (as added (with effect in accordance with s. 123(7) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 123(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/123/6))
[^c22750971]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 98(2) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 28 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/28/paragraph/5/4)
[^c22752471]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 7AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8/2) (as inserted (with application in accordance with s. 44(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1))
[^c22752491]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 53](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/53)
[^c23821811]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 31 of the affecting Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 3 para. 10(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/10/5)
[^c23821821]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 15(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/15/5/6)
[^c23821831]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23821841]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 772](https://www.legislation.gov.uk/ukpga/2009/4/section/772) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23821891]: Words in [Sch. 18 para. 5F(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5F/1/b) substituted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/6/2)
[^c21637641]: Source—1972 Sch. 16 8(1); 1980 Sch. 9 1
[^c21637651]: *See*—1976(D) s.34 and Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.1988 s.127—*enterprise allowance.*
[^c21637661]: Source—1972 Sch. 16 8(2)
[^c21637671]: Source—1972 Sch.16 8(3)-(5); 1978 Sch.5 1
[^c21637681]: Source—1972 Sch.16 9(1)
[^c21637691]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637701]: Source—1972 Sch.16 9(2); 1980 Sch.9 2
[^c21637721]: Source—1972 Sch.16 9(3); 1978 s.35(1)]
[^c21637731]: Source—1972 Sch.16 9(4); 1978 s.35(2)]
[^c21637741]: Source—1972 Sch.16 9(5), (6)
[^c21637751]: Source—1972 Sch.16 10(1); 1975 (No.2) Sch.8 4
[^c21637761]: Source—1982 s.56(1)
[^c21637771]: Source—1972 Sch.16 10(1)
[^c21637781]: Source—1972 Sch.16 10A; 1973 Sch.9 3
[^c21637791]: Source—1972 Sch.16 10(2); 1980 Sch.9 3
[^c21637801]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637811]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637821]: Source—1972 Sch.16 10(3); 1978 s.35(3); 1980 s.44(2)
[^c21637831]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637841]: Source—1972 Sch.16 10(4), (4A); 1980 Sch.9 4
[^c21637851]: Source—1972 Sch.16 10(5); 1980 Sch.9 5
[^c21637861]: Source—1972 Sch.16 10(6)
[^c21637871]: Source—1972 Sch.16 10(7)
[^c21637881]: Source—[1972 Sch.16 10(8)(a)]
[^c21637891]: Source—[1972 Sch.16 10(8)(b), (c); 1985 Sch.25 9]
[^c21637901]: Source—[1972 Sch.16 10(9); 1980 Sch.9 6; 1987 Sch.15 4]
[^c21637911]: Source—[1972 Sch.16 11]
[^c21637921]: *See* 1974 s.44(4)*and* Sch.7 para.4(2)—*development gains.*
[^c21637931]: *See*—s.623(2)—*definition of “investment income” applied for purposes of retirement annuities.*[s.745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4)—*definition of “trading company” applied for purpose of* Ch.III Part XVIII (*transfer of assets abroad*).
[^c21637941]: Source—[1972 Sch.16 12(1); 1973 Sch.9 4(2), (4)]
[^c21637951]: Source—[1972 Sch.16 12(2)]
[^c21637961]: Source—[1972 Sch.16 12(2A); 1973 Sch.9 4(3)]
[^c21637971]: Source—[1972 Sch.16 12(2B); 1982 s.56(2)]
[^c21637981]: Source—[1972 Sch.16 12(3)]
[^c21637991]: Source—[1972 Sch.16 12A; 1978 Sch.5 2]
[^c21638001]: Source—[1972 Sch.16 13(1); 1980 Sch.9 7]
[^c21638011]: *See* 1976(D) s.34*and* Sch.6 para.9(8)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21638021]: Source—[1972 Sch.16 13(2)]
[^c21638031]: Source—[1972 Sch.16 13(3)]
[^c21638041]: [Sch.7 para.36(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/8) Copyright, Designs and Patents Act 1988*from* 1*August* 1989—*commencement order* S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816) (*not reproduced*).*Previously* “*tangible property or of copyright in a literary, dramatic, musical or artistic work within the meaning of the Copyright Act* 1956 (*or any corresponding right under the law of a country to which that Act does not extend*)”.
[^c21638051]: Source—[1956 c. 74](https://www.legislation.gov.uk/ukpga/1956/74).
[^c21638061]: [1956 c.74](https://www.legislation.gov.uk/ukpga/1956/74)
[^c21638071]: Source—[1972 Sch.16 13(4), (5)]
[^c21638081]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21638091]: Source—[1972 Sch.16 14; 1975 (No.2) Sch.8 3(3)]
[^c21638101]: Source—[1975 (No.2) Sch.8 3(4).]
[^c21638111]: *Repealed by* 1989 s.187*and* Sch.17 Part V*but* Part I*continues to have effect where the subsequent distribution referred to in* 1988 s.427(4)*is made before* 1*April* 1992.
[^c21638121]: Source—[1972 Sch.16 15-20; 1976 s.44(3); 1987 (No.2) s.61(5), (6)]
[^c21638131]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c21638141]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c22765661]: Words in [Sch. 19AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/1/2) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 33](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/33)
[^c21638161]: See 1990 s. 42 and Sch.7 para.10(2) regarding treatment of assets in relation to the first period of account of an insurance company
[^c22754751]: Words in [Sch. 19AA para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/c) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 3](https://www.legislation.gov.uk/uksi/1994/3278/article/3)
[^c22768981]: Words in [Sch. 19AA para. 2(1)(b)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/1/b/2/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/i)
[^c22769061]: Words in [Sch. 19AA para. 2(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/d) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/i)
[^c22769081]: Words in [Sch. 19AA para. 3(1)(a)(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/3/1/a/2/a/3/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/ii)
[^c22754771]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(1)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/1)
[^c22754811]: [Sch. 19AA para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/3/4) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/3)
[^c22768791]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1): definition of "B" substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(2)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/2)
[^c22768811]: [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/3)
[^c22768831]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/4)
[^c22768851]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22769111]: Words in [Sch. 19AA para 4(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1/2/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/iii)
[^c22769141]: Words in [Sch. 19AA para 4(2)(a)(b)(4)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2/a/b/4/b/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/ii)
[^c23822381]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/2)
[^c23822401]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/3)
[^c23822451]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5): definition of "free assets amount" omitted (9.6.2006 with effect in accordance with art. 1(2)(3) of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2006 (S.I. 2006/1358)](https://www.legislation.gov.uk/uksi/2006/1358), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/1358/article/1/1), [4](https://www.legislation.gov.uk/uksi/2006/1358/article/4)
[^c22754831]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 5(a)](https://www.legislation.gov.uk/uksi/1994/3278/article/5/a)
[^c22765681]: Words in [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/8)
[^c22767831]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31)
[^c22769591]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [19](https://www.legislation.gov.uk/uksi/1998/1871/regulation/19)
[^c22768861]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/a)
[^c22768881]: [Sch. 19AA para. 5(5)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted for para. 5(5)(c)-(g) (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/b)
[^c22768901]: [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/3)
[^c22768921]: [Sch. 19AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/7) omitted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by virtue of [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/4)
[^c23822221]: Words in [Sch. 19AA para. 5(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23822341]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [25](https://www.legislation.gov.uk/uksi/2005/2014/regulation/25); and that modifying reg. 25 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2007/2134/regulation/23)
[^c23822331]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [17](https://www.legislation.gov.uk/uksi/2004/2680/regulation/17); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23822241]: [Sch. 19AA para. 5(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/2)
[^c23822371]: [S.I. 1995/3237](https://www.legislation.gov.uk/uksi/1995/3237)
[^c23822261]: Words in [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(3)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/3)
[^c21638621]: [Sch. 19A para. 1(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/1/1/3): s. 451(1) (with s. 451(1A) and Sch. 19A para. 1(1)(3)) power exercised by [S.I.1991/851](https://www.legislation.gov.uk/uksi/1991/851).
[^c21638631]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(a)*coming into force* 2*January* 1991 for 1988-89*and subsequent years.*
[^c21638641]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(b)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638661]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(3)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638671]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 4*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638681]: [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) amended for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 5(2)](https://www.legislation.gov.uk/uksi/1991/851/regulation/5/2). [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) modified (28.3.1992 with effect for the year of assessment 1989-1990 only) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1992/511/regulation/1/1), [5(2)](https://www.legislation.gov.uk/uksi/1992/511/regulation/5/2)
[^c21638691]: [Sch. 19A paras. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) inserted by [S.I. 1990/2524](https://www.legislation.gov.uk/uksi/1990/2524)
[^c21638701]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 5*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638711]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638731]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638751]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638761]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638781]: 1989 s.149(6)(4)(a)(iii)—*not to affect assessments before* 1983-84 or*accounting periods before* 1*April* 1983.*Previously* “37, 40 and 41” *and* “fraud, wilful default or neglect”.
[^c21638801]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638811]: *Repealed by* 1989 s.187*and* Sch.17 Part VIII.
[^c21638821]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(5)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638831]: 1988(F) s.58*for* 1988-89*and subsequent years.*
[^c21638841]: Source—[1986 c. 60](https://www.legislation.gov.uk/ukpga/1986/60) Sch. 7 Pts. II—IV.
[^c21638851]: [1961 c. 62](https://www.legislation.gov.uk/ukpga/1961/62).
[^c21638881]: [1960 c. 58](https://www.legislation.gov.uk/ukpga/1960/58).
[^c21638891]: Words in [Sch. 20 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(a)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/a)
[^c21638901]: [1964 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1964/33).
[^c22767671]: Word in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) substituted (with effect in accordance with [Sch. 38 para. 6(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(l)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/l)
[^c22769511]: Words in [Sch. 20 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/6) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 50](https://www.legislation.gov.uk/uksi/2001/3629/article/50)
[^c22767681]: Words in [Sch. 20 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/1) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5))
[^c22767701]: [Sch. 20 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/3) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/3)
[^c23823921]: Words in [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 347(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/347/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638921]: [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.9.1992) by [Charities Act 1992 (c. 41)](https://www.legislation.gov.uk/ukpga/1992/41), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1992/41/section/78/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/1992/41/schedule/6/paragraph/17); [S.I. 1992/1900](https://www.legislation.gov.uk/uksi/1992/1900), [art. 2(1)](https://www.legislation.gov.uk/uksi/1992/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/1992/1900/schedule/1)
[^c21638931]: Words in [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(b)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/b)
[^c22767731]: [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) renumbered as para. 10(1) (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c22767721]: Words in [Sch. 20 para 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5)
[^c22767751]: [Sch. 20 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/2) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c21638961]: Words in [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/12/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(59)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/59) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23823961]: [Sch. 20 Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/part/3) (paras. 11-14) repealed (with effect in accordance with s. 55(5) of the repealing Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 55(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/55/3), [Sch. 26 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/5)
[^c21639001]: *For regulations see* Part III Vol.5 (*under “Pension scheme surpluses: valuation”*).
[^c21639031]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c21639041]: [Sch. 22 para. 7(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/d) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 271(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/271/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639051]: Words in [Sch. 22 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(60)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/60) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639061]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c23824151]: Words in [Sch. 22 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21639081]: 1988(F) s.56.*Previously* “(2) The Board may by regulations provide that this Schedule, or any provision of it, shall not apply in relation to a scheme or to an employee—(a) in circumstances prescribed in the regulations; (b) in any case where in the opinion of the Board the facts are such that it would be appropriate for this Schedule, or the provision in question, not to apply.” *For regulations see* Part III Vol.5*under “Retirement Benefit Schemes: transitional provisions”*.
[^c21639091]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied and when* para.2*modified.*
[^c21639101]: *For regulations see* Part III Vol.5 (*under “Retirement benefit schemes: maximum lump sum”*).
[^c21639111]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639121]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639131]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639141]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639161]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639171]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639181]: *Repealed by* 1989 ss.75*and* 187*and* Sch.6 paras.17*and* 18(10)*and* Sch.17 Part IV.
[^c23317471]: Words in [Sch. 24 para. 2(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/3A/b/ii) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317691]: Words in [Sch. 24 para. 4(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317711]: [Sch. 24 para. 4(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322061]: Words in [Sch. 25 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/26); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639531]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639541]: 1990 s.67(3)(b)*in relation to dividends paid on or after* 20*March* 1990.
[^c23319631]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/i)
[^c23319591]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(ii)(v)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/ii/v), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319651]: Words in [Sch. 25 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/b) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iii)
[^c23319671]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iv)
[^c23319621]: [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/2) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/b), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319701]: [Sch. 25 para. 2(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/3/3A) substituted for para. 2(3) (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/c)
[^c23319781]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/a)
[^c23319811]: Words in [Sch. 25 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/6) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/b)
[^c23322811]: [Sch. 25 para. 2(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1B) inserted (with application in accordance with [s. 88(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/1)
[^c23323251]: Words in [Sch. 25 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A) added (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/2)
[^c23319741]: [Sch. 25 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/a)
[^c23319761]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/b)
[^c23319991]: [Sch. 25 para. 3(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23320051]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/b), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322241]: Words in [Sch. 25 para. 3(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/28); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639551]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639561]: 1990 s.67(3)(c)*in relation to dividends paid on or after* 20*March* 1990.
[^c23323321]: Words in [Sch. 25 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/4)
[^c23323341]: Words in [Sch. 25 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1A) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/5)
[^c23323361]: Words in [Sch. 25 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/2) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/6)
[^c23319831]: Words in [Sch. 25 para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23319971]: Words in [Sch. 25 para. 2A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/5/c) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/b)
[^c23319951]: [Sch. 25 para. 2A(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/6/7) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/c), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322141]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322161]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322181]: Words in [Sch. 25 para. 2A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322201]: [Sch. 25 para. 2A(8)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/aa) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322221]: Words in [Sch. 25 para. 2A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322481]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322501]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para 30(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322561]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322931]: Words in [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/2)
[^c23322971]: [Sch. 25 para. 6(4A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/c) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/4)
[^c23323041]: [Sch. 25 para. 6(4B)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4B/b/iii) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/6)
[^c23323171]: Word in [Sch. 15 para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/6) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/11)
[^c23826921]: Words in [Sch. 25 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/1/c) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/2)
[^c23322031]: Word in [Sch. 25 para. 13(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/13/2/c) substituted (with effect in accordance with [Sch. 38 para. 6(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(m)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/m)
[^c23319321]: Words in [Sch. 26 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/a) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/46) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23828701]: [Sch. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2572/regulation/4)
[^c21639631]: Source—[1984 Sch.19; 1986 s.50; 1987 (No.2) s.66]
[^c23319121]: [Sch. 27 para. 1(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/2/a/b) substituted (with effect in accordance with [s. 134(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/4)
[^c23828791]: [Sch. 27 para. 1(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/1/d) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/2)
[^c23828351]: Words in [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828811]: [Sch. 27 para. 3(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/a/aa) substituted for para. 3(1)(a) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/3)
[^c23828831]: Words in [Sch. 27 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/b) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/4)
[^c21639641]: 1988(F) s.146*and* Sch.13 para.12 (*deemed always to have had effect*).
[^c21639651]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.6](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/6)
[^c23319161]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)) (and as that para. 3 is substituted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 39](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/39))
[^c23319141]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) substituted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 176(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/176/2)
[^c23317361]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23319181]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 83(3) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 35](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/35) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23319171]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note, Sch. 40 Pt. 3(13) Note of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13)
[^c23828311]: [Sch. 27 para. 5(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/d) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 1(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828331]: [Sch. 27 para. 5(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/e) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 2(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/2/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828751]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 350(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/350/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23828451]: Words in [Sch. 27 para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828471]: Words in [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828491]: Words in [Sch. 27 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/3/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828511]: Words in [Sch. 27 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/7) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828581]: [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/10) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/4), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828601]: Words in [Sch. 27 para. 11(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/a), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828541]: Words in [Sch. 27 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828371]: Words in [Sch. 27 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828391]: Words in [Sch. 27 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828411]: Words in [Sch. 27 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/c) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828631]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828651]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639661]: [1987 c. 51](https://www.legislation.gov.uk/ukpga/1987/51).
[^c23828561]: Words in [Sch. 27 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/7) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828671]: Words in [Sch. 27 para. 16(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/16/1) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/8), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639671]: Source—[1984 Sch.20.]
[^c21639681]: Words in [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639751]: Words in [Sch. 28 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23327731]: [Sch. 28 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c21639811]: Words in [Sch. 28 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/4/3/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639821]: Words in [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639841]: [Sch. 28 para. 8(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/4/5) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23830671]: [Sch. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2572/regulation/5)
[^c21642521]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642531]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642551]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21642561]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642571]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642591]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IX*from* 3*April* 1989—*commencement order* S.I. [1989 No.473](https://www.legislation.gov.uk/ukcm/1989/473) (*in* Part III Vol.5).
[^c21642631]: *Repealed by* 1988(F) Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642671]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642681]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642771]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642801]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642851]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642921]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642931]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642981]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643011]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643091]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643101]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643141]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21643171]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for accounting periods ending after* 5*April* 1988.
[^c21643201]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643271]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for disposals made on or after* 6*April* 1988.
[^c23835961]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entry relating to 178(1) of the Inheritance Tax Act 1984 repealed (with effect in accordance with Sch. 43 Pt. 4(1) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/4/1)
[^c23836051]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries relating to ss. 12(2), 151, 152 of the [Inheritance Tax Act 1984 (c. 51)](https://www.legislation.gov.uk/ukpga/1984/51) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c21799391]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818061]: 1991 s.73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c21818071]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818081]: 1991 s. 73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c23836211]: [Sch. 30 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/6/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836241]: Words in [Sch. 30 para. 5(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836261]: Words in [Sch. 30 para. 5(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/11) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836191]: [Sch. 30 para. 5(13)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/13) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638221]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638241]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638261]: [Sch. 19AB para. 1(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/9) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(2)(h)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/h/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22765701]: Word in [Sch. 19AB para. 1(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/b) (with [s. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2))
[^c22767071]: Words in [Sch. 19AB para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/1) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/2)
[^c22767091]: [Sch. 19AB para. 1(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/3)
[^c22767111]: Word in [Sch. 19AB para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767151]: [Sch. 19AB para. 1(5)(b)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/ii/iii) substituted for Sch. 19AB para. 1(5)(b)(ii) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/4)
[^c22767171]: [Sch. 19AB para. 1(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6/6A) substituted for Sch. 19AB para. 1(6) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/5)
[^c22767191]: [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/6)
[^c22767131]: [Sch. 19AB para. 1(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/8) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/7), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767211]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted for Sch. 19AB para. 1(10) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/8)
[^c22798971]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1) amended (otherwise than as it has effect as mentioned in [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/1) of the amending Act, and with effect in accordance with Sch. 3 para. 10(6)(7), Sch. 8 Pt. 2(6) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 10(1)-(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/10/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22798931]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798951]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1): word preceding para. 1(7)(b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798941]: [Sch. 19AB para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798961]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799091]: Words in [Sch. 19AB para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/4) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799141]: [Sch. 19AB para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799161]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799181]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799591]: Words in [Sch. 19AB para. 1(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/a/b) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/3)
[^c21638271]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638281]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767251]: [Sch. 19AB para. 2(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/2) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/2)
[^c22767271]: [Sch. 19AB para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/3): words in definition of "total entitlement" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/3)
[^c22799201]: Words in [Sch. 19AB para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/c) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638291]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638301]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767291]: [Sch. 19AB para. 3(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1/a/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/2)
[^c22767311]: [Sch. 19AB para. 3(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/3)
[^c22767341]: Words in [Sch. 19AB para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/4)
[^c22767361]: Word in [Sch. 19AB para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/5)
[^c22767381]: [Sch. 19AB para. 3(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/9) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/6)
[^c22798981]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799001]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799021]: [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799011]: [Sch. 19AB para. 3(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799051]: Words in [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799031]: [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799071]: [Sch. 19AB para. 3(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799061]: Words in [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799041]: [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799081]: [Sch. 19AB para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799221]: Words in [Sch. 19AB para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799351]: [Sch. 19AB para. 3(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1ZA) inserted (with effect in accordance with [s. 91(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/1)
[^c22799241]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799331]: [Sch. 19AB para. 3(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C): word at the end of para. (a) inserted (with effect in accordance with [s. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/a); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799341]: [Sch. 19AB para. 3(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C/c) and preceding word repealed (with effect in accordance with s. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/b), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799261]: [Sch. 19AB para. 3(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1D) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799281]: Words in [Sch. 19AB para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799301]: Words in [Sch. 19AB para. 3(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799321]: Words in [Sch. 19AB para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/9) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(12)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/12); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638311]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638321]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638331]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638341]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638351]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638361]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767401]: [Sch. 19AB para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/1): definition of "provisional fraction" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/2)
[^c22767441]: [Sch. 19AB para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/3), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767421]: [Sch. 19AB para. 6(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/4)
[^c22767461]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22799371]: Words in [Sch. 19AB para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4/b) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639211]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890611]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definitions of "approved stock lending arrangement", "market maker", "recognised clearing house", "recognised investment exchange", "unapproved manufactured payment" and "unapproved stock lending arrangement" repealed (with effect in accordance with Sch. 18 Pt. 6(10), Notes 1, 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22890721]: [Sch. 23A para 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891391]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "foreign income dividend" repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22899501]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): in the definition of "overseas securities", para. (b) and preceding word repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c22899511]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "UK securities" repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c21639261]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs. 2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890991]: [Sch. 23A paras 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c22891451]: [Sch. 23A para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/c) extended (with effect in accordance with s. 24(15) of the extending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/13)
[^c22891411]: Words in [Sch. 23A para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23824791]: [Sch. 23A para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 134](https://www.legislation.gov.uk/ukpga/2006/25/section/134), [139(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/2), [Sch. 17 para. 30](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/30) (as that affecting s. 139 is amended by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/1034/1), [Sch. 1 para. 621](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/621), [Sch. 3 Pt.1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/2)) and [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [3](https://www.legislation.gov.uk/uksi/2009/2859/article/3))
[^c22892581]: [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) substituted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/5)
[^c22892621]: [Sch. 23A para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/a) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/6), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901351]: [Sch. 23A para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/4/5) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22892601]: Words in [Sch. 23A para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/a) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/7)
[^c22901361]: [Sch. 23A para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/b) and preceding word repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22891011]: [Sch. 23A paras. 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c21639321]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639331]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639341]: [Sch. 23A para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1) applied (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.2](https://www.legislation.gov.uk/uksi/1993/2004/regulation/2)
[^c21639351]: [Sch. 23A para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) restricted (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1)
[^c21639361]: [Sch. 23A para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3) restricted (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1) (as amended by [S.I. 2011/1787](https://www.legislation.gov.uk/uksi/2011/1787), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1787/regulation/1), [7](https://www.legislation.gov.uk/uksi/2011/1787/regulation/7))
[^c22887831]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 124](https://www.legislation.gov.uk/ukpga/1994/9/section/124)
[^c22889731]: Words in [Sch. 23A para 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3) substituted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/4)
[^c22889751]: [Sch. 23A para 4(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3A/3B) inserted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/5)
[^c22889771]: Words in [Sch. 23A para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889851]: [Sch. 23A para. 4(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889791]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 2
[^c22889831]: [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899521]: [Sch. 23A para. 4(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/8) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824251]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23824601]: [Sch. 23A para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(3)
[^c23824621]: Words in [Sch. 23A para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(a)
[^c23824641]: Words in [Sch. 23A para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(b)(i)
[^c23824661]: Words in [Sch. 23A para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(b)(ii)
[^c23824691]: [Sch. 23A para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(5)
[^c21639371]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); 30.6.1992 specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); 21.4.1993 specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b),4)
[^c21639381]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891071]: [Sch. 23A para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5) repealed (with effect in accordance with Sch. 10 para. 16, Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 12](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/12), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639391]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639401]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891091]: [Sch. 23A para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/6) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/a), [Sch 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639411]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639421]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889971]: [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22891111]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4(e) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891191]: [Sch. 23A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3(b) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891231]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(i)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/i), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891251]: [Sch. 23A para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/b) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/ii), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891271]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (with effect in accordance with [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(iii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/iii); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23824711]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(7)
[^c21639431]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639441]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889991]: [Sch. 23A para. 8(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/aa) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/7/a)
[^c22890031]: [Sch. 23A para. 8(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/8)
[^c22891291]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891311]: Words in [Sch 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891331]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) inserted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891351]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/3)
[^c22891431]: [Sch. 23A para. 2A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/13), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c22892731]: [Sch. 23A para. 2A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/3) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/b), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22900751]: [Sch. 23A para. 2A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/1B) inserted (with effect in accordance with [s. 108(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 108(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/3)
[^c23824281]: [Sch. 23A para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1) substituted (with effect in accordance with [Sch. 24 para. 2(7)-(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/2)
[^c23824301]: [Sch. 23A para. 2A(1ZA)(1ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1ZA/1ZB) inserted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/3)
[^c23824321]: Words in [Sch. 23A para. 2A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A) substituted (with effect in accordance with [Sch. 24 para. 2(9)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/9/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/a)
[^c23824461]: [Sch. 23A para. 2A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/a) repealed (with effect in accordance with Sch. 24 para. 2(7)(8)(10) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/b), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 1
[^c23824481]: [Sch. 23A para. 2A(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/c) and preceding word repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/c), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824511]: Words in [Sch. 23A para. 2A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A) repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/d), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824341]: Words in [Sch. 23A para. 2A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B) substituted (with effect in accordance with [Sch. 24 para. 2(7)-(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/a)
[^c23824371]: Words in [Sch. 23A para. 2A(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/a) substituted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/b)
[^c23824391]: Word at the end of Sch. 23A para. 2A(1B)(a) inserted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/b)
[^c23824411]: Words in [Sch. 23A para. 2A(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/b) substituted (with effect in accordance with [Sch. 24 para. 2(9)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/9/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/c)
[^c23824531]: [Sch. 23A para. 2A(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/c) and preceding word repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/d), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824431]: Words in [Sch. 23A para. 2A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B) substituted (with effect in accordance with [Sch. 24 para. 2(11)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/11) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/e)
[^c23824561]: Words in [Sch. 23A para. 2A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/4/a) repealed (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/6/a), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16)
[^c23824581]: Words in [Sch. 23A para. 2A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/4/b) repealed (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/6/b), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16)
[^c22891471]: [Sch. 23A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2B) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22891511]: [Sch. 23A para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/5) excluded (1.7.1997) by [The Manufactured Interest (Tax) Regulations 1997 (S. I. 1997/992)](https://www.legislation.gov.uk/uksi/1997/992), [regs. 1](https://www.legislation.gov.uk/uksi/1997/992/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/992/regulation/4)
[^c22891061]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23824241]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c22900791]: Words in [s. 23A para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/23A/paragraph/3/2/c) added (with effect in accordance with [s. 108(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 108(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/4)
[^c22900811]: [Sch. 23A para 3(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2A/2B) inserted (with effect in accordance with [s. 108(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/7) of the amending Act) by [Finance Act 2002 (c. 23, s. 108(5)](https://www.legislation.gov.uk/ukpga/2002/23)
[^c23824731]: Words in [Sch. 23A para. 2A(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/a) inserted (with effect in accordance with [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/2/a)
[^c23824751]: [Sch. 23A para. 2A(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/b) substituted (with effect in accordance with [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/2/b)
[^c23824771]: Word in [Sch. 23A para. 2A(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/b) substituted (with effect in accordance with [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/3)
[^c22891531]: Word in [Sch. 23A para. 3A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3A/2/a) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/7)
[^c21633191]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633201]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633211]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633221]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633231]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633241]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633251]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633261]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633271]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633281]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633291]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633301]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633311]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633321]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633331]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633341]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633351]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633361]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633371]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c21633381]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633391]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633401]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633411]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633421]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633431]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633441]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633451]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633461]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21635381]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635391]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635401]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635411]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635421]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635431]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635441]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635451]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635461]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635471]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635481]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635491]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635501]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635511]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635521]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635531]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635541]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635551]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635561]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635571]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635581]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635591]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635601]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635611]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635621]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635631]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635641]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635651]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635661]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635671]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635681]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635691]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635701]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635711]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635721]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635731]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635741]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635751]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635761]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635771]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635781]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635791]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635801]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635811]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635821]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635831]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635841]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635851]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635861]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635871]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635881]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635891]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635901]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635911]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635921]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635931]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635941]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635951]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21638381]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638391]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22768271]: [Sch. 19AC para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638401]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765791]: [Sch. 19AC para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769161]: Words in [Sch. 19AC para. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/i)
[^c21638411]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765811]: [Sch. 19AC para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769181]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/a)
[^c22769201]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/b)
[^c22769221]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/c)
[^c21638431]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769571]: [Sch. 19AC para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [8](https://www.legislation.gov.uk/uksi/1999/498/regulation/8)
[^c23822921]: [Sch. 19AC paras. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5), [5ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5ZA) substituted for para. 5 (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 36(2)
[^c21638441]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765851]: [Sch. 19AC para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/3/4) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/37), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766141]: [Sch. 19AC para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 35(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/35/3)
[^c22776901]: [Sch. 19AC para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769291]: Words in [Sch. 19AC para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/ii)
[^c22769301]: Words in [Sch. 19AC para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/i)
[^c21638451]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766961]: [Sch. 19AC para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 39](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/39)
[^c22768591]: Words in [Sch. 19AC para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(i)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/i)
[^c22768611]: [Sch. 19AC para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/c) repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/ii), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22769311]: Words in [Sch.19AC para. 7(2)(a)(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/2/a/3/a/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/ii)
[^c21638461]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766161]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/a)
[^c22766181]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/b)
[^c22766201]: Words in [Sch. 19AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/3)
[^c22766221]: [Sch. 19AC para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/4)
[^c22765911]: [Sch. 19AC para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638471]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765931]: [Sch. 19AC para. 9(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/2/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768371]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) substituted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/6)
[^c22768751]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) modified by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 21A](https://www.legislation.gov.uk/uksi/1998/1871/regulation/21A) (as inserted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [reg. 5](https://www.legislation.gov.uk/uksi/2000/2075/regulation/5))
[^c22801301]: [Sch. 19AC para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9) modified (31.7.1997) by 1992 (c. xx), s. 65(2)(ab) (as inserted) by Finance Act [1997 No. 2](https://www.legislation.gov.uk/ukcm/1997/2) (c. 58), Sch. 3 para. 15
[^c22768391]: Words in [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/2), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22777081]: [Sch. 19AC para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10) repealed (with effect in accordance with Sch. 3 para. 13(14)(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(8)(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/8/9), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21638491]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766611]: [Sch. 19AC para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/2)
[^c22765981]: [Sch. 19AC para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/2) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 Para. 45(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/3), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766631]: Words in [Sch. 19AC para. 11(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/4)
[^c22777091]: [Sch. 19AC para. 11(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638501]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766011]: [Sch. 19AC para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768531]: [Sch. 19AC para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/1) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(12)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/12), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638511]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766031]: [Sch. 19AC para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768671]: [Sch. 19AC para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/1) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/a), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768631]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/b)
[^c22768691]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/c), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768651]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/d)
[^c21638521]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766051]: [Sch. 19AC para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638531]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769491]: [Sch. 19AC para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/15) repealed (with effect in accordance with s. 87 of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note
[^c22769241]: Words in [Sch. 19AC para. 4A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/a)
[^c22769531]: Words in [Sch. 19AC para. 4A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/2) substituted 1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/b)
[^c22769541]: [Sch. 19AC para. 4A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/c)
[^c22769561]: O.J. No. L360, 9.12.1992, pp. 1-27.
[^c22768311]: [Sch. 19AC para. 5A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5A/3) inserted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/4)
[^c22768331]: [Sch. 19AC para. 5B(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5B/1) repealed (with effect in accordance with Sch. 3 para. 13(14)(16) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767591]: [Sch. 19AC para. 5C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5C/2) substituted for Sch. 19AC para. 5C(2) (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/5)
[^c22768411]: [Sch. 19AC para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9A) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/7), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767811]: Words in [Sch. 19AC para. 9B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9B) substituted (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/5)
[^c22769401]: [Sch. 19AC para. 9C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9C) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/1), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22768451]: [Sch. 19AC para. 10A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10A) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/10), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22769441]: Words in [Sch. 19AC para. 10AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10AA) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768731]: [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) inserted (with effect in accordance with [s. 75(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/6/a) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/4)
[^c22769471]: Words in [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22769341]: Words in [Sch. 19AC para. 10C(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iii)
[^c22769351]: Words in [Sch. 19AC para. 10C(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iii)
[^c22768491]: [Sch. 19AC para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/1) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para 13(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/11), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22768501]: [Sch. 19AC para. 11A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/2) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/3), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22769461]: Words in [Sch. 19AC para. 11C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11C) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768941]: Word in [Sch.19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) repealed (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/a)
[^c22768961]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/b)
[^c22769361]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iv)
[^c22769381]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iv)
[^c23822961]: This section was inserted by section 149 of the Finance Act 2003.
[^c23821231]: Word in [Sch. 15A para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821251]: [Sch. 15A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22783901]: Words in [Sch. 15A para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 48](https://www.legislation.gov.uk/uksi/2001/3629/article/48)
[^c15675031]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22783921]: [Sch. 15B para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/7) repealed (with effect in accordance with Sch. 16 para. 3(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 3(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/3/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 4
[^c23821431]: [Sch. 15B para. 1(6)(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/6/da) inserted (23.1.2003) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23821451]: [Sch. 15B para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/10/11) inserted (with effect in accordance with [s. 195(12)](https://www.legislation.gov.uk/ukpga/2003/14/section/195/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 40 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/40/paragraph/1); [S.I. 2003/3077](https://www.legislation.gov.uk/uksi/2003/3077), [art. 2](https://www.legislation.gov.uk/uksi/2003/3077/article/2)
[^c23821471]: Words in [Sch. 15B para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/3) substituted (with effect in accordance with [Sch. 19 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/1)
[^c23821491]: [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/1)
[^c23821501]: Words in [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) substituted (with effect in accordance with [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/4/1)
[^c22783941]: Words in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/2)
[^c23821581]: Word in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/2)
[^c22784001]: [Sch. 15B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3): power to exclude conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/8), [9(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/9/1/b), [10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/10)
[^c22783961]: Words in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/3)
[^c23821521]: [Sch. 15B para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/4) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/2)
[^c23821531]: [Sch. 15B para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/9) modified (17.9.2004 with effect in accordance with reg. 1(2)(a) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2199/regulation/4)
[^c23821541]: Words in [Sch. 15B para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/a)
[^c23821561]: Words in [Sch. 15B para. 3(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/b)
[^c23821601]: Word in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/3)
[^c23821641]: Words in [Sch. 15B para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/4/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22783931]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/b), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c23821621]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 7(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/7/4)
[^c22734821]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23316661]: [Sch. 28A para. 6(da)-(dd)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316981]: Words in [Sch. 28A para. 6(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/a/4)
[^c23317041]: Words in [Sch. 28A para. 6(db)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/db) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317021]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/c/4)
[^c23317221]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/1)
[^c23317861]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/2)
[^c23317831]: [Sch. 28A para. 6(de)(df)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/de/df) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/4)
[^c23830791]: Words in [Sch. 28A para. 6(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(2)
[^c23830811]: Words in [Sch. 28A para. 6(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(3)
[^c23830831]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(4)
[^c23316701]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317081]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/d/4)
[^c23316741]: Words in [Sch. 28A para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316761]: [Sch. 28A para. 7(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318201]: Word preceding Sch. 28A para. 7(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318161]: [Sch. 28A para. 7(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3)
[^c23318221]: Word preceding Sch. 28A para. 7(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/4), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23317921]: [Sch. 28A para. 7(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/5)
[^c23318241]: [Sch. 28A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/5), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830701]: Words in [Sch. 28A para. 7(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830851]: [Sch. 28A para. 7(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/a/aa) substituted for para. 7(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(5)
[^c23830871]: [Sch. 28A para. 7(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/e/iii) and preceding word substituted for para. 7(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(6)
[^c23831031]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/4)
[^c23316801]: [Sch. 28A para. 13(1)(ea)-(ed)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317121]: Words in [Sch. 28A para. 13(1)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(f)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/f/4)
[^c23317161]: Words in [Sch. 28A para. 13(1)(eb)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/eb) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(g)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/g/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317141]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(h)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/h/4)
[^c23317261]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/2)
[^c23318511]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/7)
[^c23317951]: [Sch. 28A para. 13(1)(ee)(ef)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ee/ef) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/6)
[^c23830911]: Words in [Sch. 28A para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(a)
[^c23830931]: Words in [Sch. 28A para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(b)
[^c23830951]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(c)
[^c23316881]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317201]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(i)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/i/4)
[^c23316901]: Words in [Sch. 28A para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316921]: [Sch. 28A para. 16(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318661]: Word preceding Sch. 28A para. 16(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318621]: [Sch. 28A para. 16(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8)
[^c23318681]: Word preceding Sch. 28A para. 16(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/9), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318001]: [Sch. 28A para. 16(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/7)
[^c23318701]: [Sch. 28A para. 16(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/10), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830761]: Words in [Sch. 28A para. 16(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830971]: [Sch. 28A para. 16(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/a/aa) substituted for para. 16(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(9)
[^c23830991]: [Sch. 28A para. 16(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/e/iii) and preceding word substituted for para. 16(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(10)
[^c23831091]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/7)
[^c23830781]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23317101]: [Sch. 28A para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/2/a) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/e/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23318601]: Words in [Sch. 28A para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/c) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/6/b)
[^c23830731]: Words in [Sch. 28A para. 11(1)(a)(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/a/3/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830891]: [Sch. 28A para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/b) substituted for para. 11(1)(b)(bb) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(7)
[^c23831111]: [Sch. 28A Pt. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/part/4) title substituted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/8)
[^c22807531]: [Sch. 28B para. 3(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/2/aa) and preceding word substituted for para. 2(2)(b)(c) (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/1)
[^c22807551]: [Sch. 28B para. 3(6)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/6) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/2)
[^c22807591]: Words in [Sch. 28B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/3)
[^c22807611]: Words in [Sch. 28B para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/a) substituted (with effect in accordance with [Sch. 16 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/1)
[^c23835721]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/i)
[^c23835731]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/a)
[^c23835741]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/b)
[^c23835751]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835761]: Words in [Sch. 28B para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/a) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/i)
[^c23835771]: Words in [Sch. 28B para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/ii)
[^c23835781]: [Sch. 28B para. 3(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/5A/5B) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/c)
[^c23835791]: Words in [Sch. 28B para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/b) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/2) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22807631]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/3)
[^c22807641]: [Sch. 28B para. 4(2)(ea)-(ee)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/ea) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/1)
[^c22807661]: Words in [Sch. 28B para. 4(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/f) substituted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/2)
[^c22807681]: [Sch. 28B para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/3A) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/3)
[^c22807701]: [Sch. 28B para. 4(5)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/5) substituted for para. 4(5)(6) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/1)
[^c22807721]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22807731]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23835441]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/3) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22808151]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "nursing home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/1)
[^c22808171]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "property development" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/2)
[^c22808191]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "residential care home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/3)
[^c22808231]: [Sch. 28B para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/5): definition of "interest in land" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/4)
[^c22808251]: [Sch. 28B para. 5(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/6/7) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/5)
[^c22808271]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "research and development" substituted (with effect in accordance with [Sch. 18 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/1) (with [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/3))
[^c23835461]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 5(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 2 (with Sch. 27 para. 5(6))
[^c22808291]: [Sch. 28B para. 6(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2A) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/4)
[^c22808351]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/4)
[^c22808391]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808371]: [Sch. 28B para. 6(1)(2)(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/2/2AA) substituted for para. 6(1)(2) (with effect in accordance with [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/1)
[^c23835181]: Words in [Sch. 28B para. 6(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/a/ii) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/a)
[^c23835201]: Words in [Sch. 28B para. 6(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AA/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/b)
[^c23835221]: [Sch. 28B para. 6(2AB)-(2AH)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AB) substituted for para. 6(2A)-(2C)(with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/c)
[^c23835501]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/d), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c22808401]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808441]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c23835801]: Words in [Sch. 28B para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/a) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/a)
[^c23835821]: Words in [Sch. 28B para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1/b) substituted (with effect in accordance with [Sch. 14 para. 2(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/14/paragraph/2/1/b)
[^c22808471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808451]: Words in [Sch. 28B para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/1) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/a), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22808461]: [Sch. 28B para. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/2) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/b), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22809491]: Words in [Sch. 28B para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/1) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/1)
[^c22809511]: [Sch. 28B para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/2) repealed (with effect in accordance with Sch. 9 para. 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/2), [Sch. 18 Pt. 6(9)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/9), Note
[^c22809531]: Words in [Sch. 28B para. 10(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/5) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/3)
[^c22809561]: Words in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/4)
[^c23835521]: [Sch. 28B para. 10(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835241]: [Sch. 28B para. 10(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/ca) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/b)
[^c23835261]: Words in [Sch. 28B para. 10(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/e) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/c)
[^c23835281]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/i)
[^c23835541]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/ii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835561]: Word in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835581]: Word in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iv), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835301]: Words in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/v)
[^c23835321]: [Sch. 28B para. 10(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4A) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/e)
[^c23835601]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835341]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/ii)
[^c23835621]: [Sch. 28B para. 10(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/6) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(g)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/g), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835641]: Words in [Sch. 28B para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835661]: Word in [Sch. 28B para. 11(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/b), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835681]: Word in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/c), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835381]: Words in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/d)
[^c22809591]: Words in [Sch. 28B para. 12(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/12/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/3)
[^c15675021]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22809611]: [Sch. 28B para. 13(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/2) substituted for para. 13(2)(3) (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/3)
[^c22809651]: [Sch. 28B para. 13(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/5/b) and preceding word repealed (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(3)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/3/8), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 3
[^c22809631]: [Sch. 28B para. 13(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/6) inserted (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(4)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/4/8)
[^c22809671]: Words in [Sch. 28B para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/1) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/3/5/b)
[^c22809481]: [Sch. 28B para. 10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/72/5)
[^c22809471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22809451]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22809461]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c23835001]: [Sch. 28B para. 11A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/2/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(a)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/a) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835021]: Words in [Sch. 28B para. 11A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/3/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(b)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/b) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835401]: Word in [Sch. 28B para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/1) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/15)
[^c23835701]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) applied (17.9.2004 with effect in accordance with reg. 1(2)(b) of the affecting S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/1)
[^c23835711]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) modified (17.9.2004 with effect in accordance with reg. 1(2)(b) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [13(5)(6)(8)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/5/6/8)
[^c22779561]: Words in [Sch. 13A para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779581]: [Sch. 13A para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/2) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779601]: Words in [Sch. 13A para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/1) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/4), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779641]: Words in [Sch. 13A para. 14(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779621]: Words in [Sch. 13A para. 14(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/8) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/6), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22777321]: [Sch. 5AA para. 1(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6/7) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/7)
[^c22777411]: [Sch. 5AA para. 1(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/2/b/c) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777481]: [Sch. 5AA para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777451]: Words in [Sch. 5AA para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/5) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/c), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777461]: Words in [Sch. 5AA para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/d), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777471]: [Sch. 5AA para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/7) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/e), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777491]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/2)
[^c22777571]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/3), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777351]: Words in [Sch. 5AA para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/6) inserted (with effect in accordance with [s. 99(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 99(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/4)
[^c22777511]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/3)
[^c22777581]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777551]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/5)
[^c22777611]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777621]: [Sch. 5AA para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/9) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/7), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777531]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/4)
[^c22777591]: Words in [Sch. 5AA para. 4A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/5/b) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777601]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22747131]: Words in [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11/paragraph/6/2) substituted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [ss. 19(1)](https://www.legislation.gov.uk/ukpga/2002/1/section/19/1), [20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/10) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c22747111]: [1974 c.30](https://www.legislation.gov.uk/ukpga/1974/30).
[^c22747121]: [1977 c.36](https://www.legislation.gov.uk/ukpga/1977/36).
[^c22778281]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778291]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778301]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778311]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778321]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778331]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778341]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778351]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778361]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778371]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778381]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778391]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778401]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778411]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c23316401]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/58/1) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/12)) (with Sch. 22 para. 58(3))
[^c23316411]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (with modifications) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 59(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/59/1/2) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/13)) (with Sch. 22 para. 59(4))
[^c23316421]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 100](https://www.legislation.gov.uk/ukpga/1996/8/section/100) (as substituted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23316431]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A/1) (as inserted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23833991]: Words in [Sch. 28AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/1/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/2)
[^c23834871]: [Sch. 28AA para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/3) applied (with effect in accordance with Sch. 17 para. 13 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 17 para. 12(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/12/5)
[^c23834201]: Words in [Sch. 28AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/2) substituted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/2)
[^c23834321]: Words in [Sch. 28AA para. 4(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [103](https://www.legislation.gov.uk/uksi/2005/3229/regulation/103)
[^c23834361]: [Sch. 28AA para. 4(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/12): definition of "settlement" and "settlor" substituted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 paras. 26](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/26), [27(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/27/1)
[^c23834001]: Words in [Sch. 28AA para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/1) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/a), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834011]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834021]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834031]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834041]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834051]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834061]: [Sch. 28AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/c)
[^c23316441]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316461]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", para. (a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/a)
[^c23316481]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", words in para. (e) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/b)
[^c23316501]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "voluntary amendment", paras. (a)(b) substituted for words (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/4)
[^c23834071]: [Sch. 28AA para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/1) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/4)
[^c23834081]: Word in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/i)
[^c23834091]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/2)
[^c23834101]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/ii)
[^c23834111]: Words in [Sch. 28AA para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/a) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/b)
[^c23834261]: [Sch. 28AA para. 6(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/5)
[^c23316451]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316521]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316581]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316541]: [Sch. 28AA para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/a) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316601]: [Sch. 28AA para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/b) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316561]: [Sch. 28AA para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/3) substituted for para. 8(2) (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316621]: [Sch. 28AA para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/4) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23833971]: Words in [Sch. 28AA para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834121]: [Sch. 28AA para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834131]: Word at the end of Sch. 28AA para. 11(3)(c) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/a)
[^c23834141]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834151]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834161]: Words in [Sch. 28AA para. 11(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834171]: Words in [Sch. 28AA para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/12/3/b) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/8)
[^c23316641]: Words in [Sch. 28AA para. 13(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/68)
[^c23834181]: [Sch. 28AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13) renumbered as para. 13(1) (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c23834191]: [Sch. 28AA para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/2) added (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c22747221]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23833861]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): words in definition of "losses" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 40(2)
[^c23833881]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "medium-sized enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833891]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "non-qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833901]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "paragraph 6C claim" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/5)
[^c23833911]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833921]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "small enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833701]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2ZA)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2ZA) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/7/2))
[^c23833711]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/16) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/8))
[^c23833721]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/2))
[^c23833731]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 31A](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/31A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/3))
[^c23833741]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 55(1A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/55/1A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/16/2))
[^c23834381]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834481]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23834391]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834491]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23833931]: Words in [Sch. 28AA para. 6A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23833951]: Words in [Sch. 28AA para. 6E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834281]: Words in [Sch. 28AA para. 7A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7A/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834301]: Words in [Sch. 28AA para. 7C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7C/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834811]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 340(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/340/7), [625(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/625/7), [694(8)-(10)](https://www.legislation.gov.uk/ukpga/2009/4/section/694/8), [775(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/775/3) (with [ss. 628](https://www.legislation.gov.uk/ukpga/2009/4/section/628), [629](https://www.legislation.gov.uk/ukpga/2009/4/section/629), [636](https://www.legislation.gov.uk/ukpga/2009/4/section/636), [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834821]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 445-447](https://www.legislation.gov.uk/ukpga/2009/4/section/445) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834881]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [19(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/6), [22(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/6) (with [regs. 19(7)(10)(11)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/7/10/11), [22(7)(9)(10)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/7/9/10))
[^c23834891]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.1.2010) by The Northern Rock plc (Tax Consequences) Regulations 2009 ([S.I. 2009/3227](https://www.legislation.gov.uk/uksi/2009/3227)), regs. 1, 4(3), 6(2)
[^c22780291]: [Sch. 13B para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/3/2A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/2)
[^c22780261]: Words in [Sch. 13B para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/4/1/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/9)
[^c22780281]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22780311]: [Sch. 13B para. 5(4)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/5/4/ca) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/3)
[^c22780331]: [Sch. 13B para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/4A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/2)
[^c22780351]: [Sch. 13B para. 6(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/7A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/3)
[^c22780371]: [Sch. 13B para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/7/3) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/5)
[^c22780391]: Words in [Sch. 13B para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/4) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/2)
[^c22780411]: [Sch. 13B para. 8(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/5A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/3)
[^c22747291]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747301]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c22747311]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747321]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c23389441]: Words in [Sch. 4AA para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/1/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(2)
[^c23389461]: Words in [Sch. 4AA para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/7/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(3)
[^c23389481]: [Sch. 4AA para. 13(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13/1/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(4)
[^c23389501]: [Sch. 4AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(5)
[^c23822131]: [Sch. 18A Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18A/part/2) modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2)
[^c23387701]: O.J. L374, 31.12.1991, p.7.
[^c23380011]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23380081]: O.J. L374, 31.12.1991, p.7.
[^M_C_2ff0b80a-162b-47c9-c6f4-ff0bd810eb8b]: S. 727A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_0169c535-0cbc-4d28-ef6b-3703edc5fb9c]: S. 727A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_35587500-78f4-49c8-c329-adb9d7d0e49d]: S. 730A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_1dee2bfc-1fd1-48cf-d531-2f5548898d8a]: S. 730A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_564d4cb1-5bc0-43e5-c6df-353f878c1715]: S. 737A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_ba5ef986-3485-4d3c-931e-7a14ddf29217]: S. 737A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_77b98302-ea88-428d-c627-5798619f8d3b]: S. 737C applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
#### Foreign pensions.
#### Section 209(3AA): link to shares of company or associated company
#### Further interpretation of sections 135 to 139.
#### Further interpretation of sections 135 to 139.
#### Cash vouchers taxable under P.A.Y.E.
#### Further interpretation of sections 135 to 139.
#### Credit-tokens.
#### Relief by agreement with other territories.
#### Exceptions from the general charge.
#### Provisions supplementary to section 138.
#### Interpretation of sections 251A to 251C
#### Interpretation of sections 251A to 251C
#### Relief for contributions in respect of share option gains.
#### Meaning of “distribution”.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Tax on companies in administration
#### Qualifying maintenance payments.
#### Payments out of profits or gains brought into charge to income tax: deduction of tax.
#### Payments not out of profits or gains brought into charge to income tax, and annual interest.
#### Extension of section 349: proceeds of sale of UK patent rights
#### The conditions mentioned in section 349A(1)
#### Treatment of interest as a loss for purposes of carry-forward and carry-back.
#### Apportionment of certain income, deductions and interest.
#### Interpretative provisions relating to insurance companies.
#### Securities.
#### Transfers of life assurance business: Case VI losses of the transferor
#### Taxation in respect of other business.
#### Taxation in respect of other business: incorporated friendly societies qualifying for exemption.
#### Transfers of other business
#### Transfers of other business
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Lessee under long funding finance lease: termination
#### Lessee under long funding finance lease: limit on deductions
#### Deductions from profits of contributions paid under certified schemes.
#### General powers to make regulations under Chapter IV.
#### General powers to make regulations under Chapter IV.
#### Meaning of “construction operations”.
#### Relief by agreement with other territories.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Arrangements made under old law.
#### Interpretation of credit code.
#### Dividends paid out of transferred profits.
#### Payments not out of profits or gains brought into charge to income tax, and annual interest.
#### Payments out of profits or gains brought into charge to income tax: deduction of tax.
#### Exclusions from section 423.
#### Interpretative provisions relating to insurance companies.
#### Apportionment of income and gains.
#### Modifications for change of tax basis
#### Election as to tax exempt business.
#### Life or endowment business: application of the Corporation Tax Acts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Charities: general.
#### Relief for payments in respect of designs.
#### Deductions from profits of contributions paid under certified schemes.
#### Provisions supplementary to sections 573 to 575.
#### Schemes and arrangements designed to increase relief
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Exemptions from section 148.
#### Giving effect to mileage allowance relief
#### Limited exemption for computer equipment.
#### Taxation of profit-related pay.
#### Interpretation.
#### Relief for contributions in respect of share option gains.
#### Elections as to transfer of relief under section 257A or 257AB.
#### Withdrawal of relief.
#### Losses from overseas property business.
#### Certain quoted companies not to be close companies.
#### Section 432B apportionment: income of non-participating funds.
#### Transfers of business involving excess assets
#### Overseas life assurance business.
#### Election as to tax exempt business.
#### Old societies.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transactions with substantial donors
#### Charitable and non-charitable expenditure
#### Introductory.
#### Qualifying trading companies
#### Provisions supplementary to sections 573 to 575.
#### The trading requirement
#### Relief by agreement with other territories.
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### Dividends paid out of transferred profits.
#### Limited exemption for computer equipment.
#### Provisions supplementary to section 138.
#### Attribution of relief to shares.
#### Exceptions from section 419.
#### Section 432B apportionment: income of non-participating funds.
#### Exemption for trade unions and employers’ associations.
#### Certified unit trusts: corporation tax.
#### Dividends paid to investment trusts.
#### Court common investment funds.
#### Supplementary provisions.
#### Relief for contributions in respect of share option gains.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### Mileage allowance relief
#### Application of lower rate to company distributions.
#### Provisions supplementary to section 138.
#### Provisions supplementary to section 138.
#### Application of sections 251B and 251C
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Further interpretation of sections 135 to 139.
#### Conditional acquisition of shares.
#### Meaning of “distribution”.
#### Application of lower rate to company distributions.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Further interpretation of sections 135 to 139.
#### Application of lower rate to company distributions.
#### Section 209(3AA): link to shares of company or associated company
#### Exempt distributions: division of business
#### Stock dividends: distributions.
#### Interpretation of sections 249 and 250.
#### Meaning of “the minimum amount”
#### Children’s tax credit.
#### Married couple’s allowance(pre-5th December 2005 marriages).
#### Transitional relief: the elderly.
#### Early conversion or surrender of life policies.
#### Eligibility for relief.
#### Aggregation of wife’s income with husband’s.
#### Transfer of reliefs.
#### Minimum and maximum subscriptions.
#### Disposal of shares.
#### Withdrawal of relief.
#### Tax on companies in administration
#### The conditions mentioned in section 349A(1)
#### Transfers of trade to obtain balancing allowances
#### Company reconstructions: supplemental.
#### Company reconstructions involving business of leasing plant or machinery
#### Directions disapplying section 349A(1)
#### Directions disapplying section 349A(1)
#### Substitution of security: supplemental.
#### Relief where borrower deceased.
#### Loan to pay inheritance tax.
#### Home improvement loans.
#### Interest which never has been relevant loan interest etc.
#### Losses from overseas property business.
#### Losses from overseas property business.
#### Treatment of interest as a loss for purposes of carry-forward and carry-back.
#### Restrictions on right of set-off.
#### Losses of ring fence trade: set off against profits of an earlier accounting period
#### Leasing contracts and company reconstructions.
#### Transactions in deposits with and without certificates or in debts.
#### Close companies.
#### Limits on group relief.
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### “Distribution” to include certain expenses of close companies.
#### Computation of losses and limitation on relief.
#### Additions to non-profit funds: amount of loss reduction
#### Determination of policy holders’ share for purposes of s.438B
#### Taxation of pure reinsurance business.
#### Modification of s. 444BA for mutual or overseas business and for non-resident companies.
#### Retained assets
#### Taxation in respect of other business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Cases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease
#### Cases where ss. 502B to 502G do not apply: plant or machinery held as trading stock
#### Conditions to be satisfied by partners who are individuals.
#### Exceptions from section 559.
#### General powers to make regulations under Chapter IV.
#### Restriction of relief for payments of interest.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Income treated as arising under section 761(1): remittance basis
#### Provision not at arm’s length.
#### Form of relief.
#### Attribution of relief to shares.
#### Interpretation of Chapter III.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Losses from UK property business.
#### Amounts eligible for group relief: trading losses.
#### Loans to participators etc.
#### Income or gains arising from property investment LLP
#### Securities.
#### Taxation in respect of other business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Audit powers in relation to non-residents.
#### Lessee under long funding finance lease: limit on deductions
#### General powers to make regulations under Chapter IV.
#### Meaning of “construction operations”.
#### Change in ownership of company carrying on property business.
#### Change in company ownership: postponed corporation tax.
#### Supplementary provisions.
#### Provisions supplementary to section 138.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Meaning of “distribution”.
#### Election by company paying dividend.
#### Returns.
#### Further interpretation of sections 135 to 139.
#### Relief for contributions in respect of share option gains.
#### Further interpretation of sections 135 to 139.
#### Relief for necessary expenses.
## [SCHEDULE 19A
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Relief by agreement with other territories.
#### Exceptions from the general charge.
#### Provisions supplementary to section 138.
#### Interpretation of sections 251A to 251C
#### Interpretation of sections 251A to 251C
#### Relief for contributions in respect of share option gains.
#### Meaning of “distribution”.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Tax on companies in administration
#### Qualifying maintenance payments.
#### Payments out of profits or gains brought into charge to income tax: deduction of tax.
#### Payments not out of profits or gains brought into charge to income tax, and annual interest.
#### Extension of section 349: proceeds of sale of UK patent rights
#### The conditions mentioned in section 349A(1)
#### Losses from trade etc. carried on abroad
#### Exclusions from section 423.
#### Election that assets not be foreign business assets
#### Securities.
#### Transfers of life assurance business: Case VI losses of the transferor
#### Taxation in respect of other business.
#### Taxation in respect of other business: incorporated friendly societies etc.
#### Transfers of other business
#### Conditions for tax exempt business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Lessee under long funding finance lease: termination
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Deductions from profits of contributions paid under certified schemes.
#### General powers to make regulations under Chapter IV.
#### Provisions supplementary to sections 573 to 575.
#### Provisions supplementary to sections 573 to 575.
#### Relief by agreement with other territories.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Arrangements made under old law.
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### Dividends paid out of transferred profits.
#### Payments not out of profits or gains brought into charge to income tax, and annual interest.
#### Payments out of profits or gains brought into charge to income tax: deduction of tax.
#### Exclusions from section 423.
#### Interpretative provisions relating to insurance companies.
#### Schedule A business or overseas property business.
#### Modifications where tax charged under Case I of Schedule D.
#### Life or endowment business: application of the Corporation Tax Acts.
#### Transfers of other business
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying expenditure and non-qualifying expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Income arising under settlement where settlor retains an interest.
#### Income arising under settlement where settlor retains an interest.
#### Revocable settlements allowing release of obligation.
#### Payments to unmarried minor children of settlor.
#### Repayment supplements: companies.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interest on tax overpaid.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Substituted retirement annuity contracts.
#### Revocable settlements allowing release of obligation.
#### Repayment supplements: companies.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Territorial sea and designated areas.
#### Interest on tax overpaid.
#### Schedule C.
#### Fractions of a pound, and yearly assessments.
#### Restrictions on relief
#### Restrictions on relief
#### Rules for ascertaining duration of leases.
#### Tax treatment of receipts and outgoings on sale of land.
#### Securities of foreign states.
#### Deep discount securities.
#### Discounted bills of exchange.
#### Expenses of insurance companies
#### Discounted bills of exchange.
#### Debts of overseas governments etc.
#### Expenses connected with living accommodation.
#### Restrictions on the use of tax credits by pension funds.
#### Section 432B apportionment: participating funds.
#### Section 432B apportionment: value of non-participating funds.
#### Interpretation.
#### Building societies: time for payment of tax.
#### Sale and lease-back.
#### Charities: general.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 548A: further definitions
#### Income arising under settlement where settlor retains an interest.
#### Revocable settlements allowing release of obligation.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Old societies.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
#### Determination of reduced rate for building societies and composite rate for banks etc.
#### Manner of making allowances and charges.
#### Relief for expenses.
#### Introductory.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information: supplementary provisions
#### The qualifying subsidiaries requirement
#### Settlements made after 6th April 1965.
#### Application of section 739 and 740
#### Certain distributions to be treated as income to which section 686 applies.
#### Earnings from associated employments.
#### Interpretation of Income Tax Acts.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Interpretation of the Corporation Tax Acts.
#### Meaning of “UK property business” and “overseas property business”
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Old societies.
#### Exemption for trade unions and employers’ associations.
#### Certified unit trusts: distributions.
#### Provisions supplementary to section 520.
#### Deductions from profits of contributions paid under certified schemes.
#### Provisions supplementary to sections 573 to 575.
#### Schemes and arrangements designed to increase relief
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Exemptions from section 148.
#### Giving effect to mileage allowance relief
#### Limited exemption for computer equipment.
#### Taxation of profit-related pay.
#### Taxation of profit-related pay.
#### Relief for contributions in respect of share option gains.
#### Elections as to transfer of relief under section 257A or 257AB.
#### Application to subsidiaries.
#### Losses from overseas property business.
#### Meaning of “associated company” and “control”.
#### Section 432B apportionment: income of non-participating funds.
#### Apportionment of asset value increase where line 51 amount decreases
#### Modifications in relation to BLAGAB group reinsurers
#### Election as to tax exempt business.
#### Old societies.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transactions with substantial donors
#### Manner of making allowances and charges.
#### Allowances for expenditure on purchase of patent rights: post-31st March 1986 expenditure.
#### Life policies: chargeable events.
#### Calculation of certain amounts for purposes of sections 540, 542 and 545.
#### Section 548A: further definitions
#### Information: supplementary provisions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Expenditure on car hire: supplementary
#### Gifts of shares, securities and real property to charities etc
#### Exemption from tax in respect of qualifying premiums.
#### Application of section 686D where settlor has made more than one settlement
#### Schedule 4 directions.
#### Supplementary provisions as to absolute interests in residue.
#### Cancellation of tax advantage.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Corporation Tax Acts.
#### Authorised unit trusts.
#### Introductory.
#### Information: supplementary provisions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trading companies
#### Ceasing to meet the trading requirement because of administration or receivership
#### The trading requirement
#### Reduction of United Kingdom taxes by amount of credit due.
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Effect of notice under section 804ZA
#### Limited exemption for computer equipment.
#### Provisions supplementary to section 138.
#### Attribution of relief to shares.
#### Taxation of borrower when loan under section 419 released etc
#### Section 432B apportionment: income of non-participating funds.
#### Certified unit trusts: corporation tax.
#### Funds of funds: distributions.
#### Distribution accounts.
#### Building societies: incidental costs of issuing qualifying shares.
#### Audit powers in relation to non-residents.
#### Savings banks: exemption from tax.
#### Lessee under long funding finance lease: limit on deductions
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Income arising under settlement where settlor retains an interest.
#### Income arising under settlement where settlor retains an interest.
#### Revocable settlements allowing release of obligation.
#### Payments to unmarried minor children of settlor.
#### Interest on tax overpaid.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interest on tax overpaid.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interpretation of this Act.
#### Substituted retirement annuity contracts.
#### Revocable settlements allowing release of obligation.
#### Repayment supplements: companies.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Territorial sea and designated areas.
#### VAT penalties etc.
#### Schedule C.
#### Certain income charged at basic rate.
#### Restrictions on relief
#### Regulations
#### Rules for ascertaining duration of leases.
#### Tax treatment of receipts and outgoings on sale of land.
#### United Kingdom government securities held by non-residents.
#### Disposal or exercise of rights in pursuance of deposits.
#### Discounted bills of exchange.
#### Expenses of insurance companies
#### Discounted bills of exchange.
#### Payments to Export Credit Guarantee Department.
#### Expenses connected with living accommodation.
#### Restrictions on the use of tax credits by pension funds.
#### Section 432B apportionment: value of non-participating funds.
#### Section 432B apportionment: value of non-participating funds.
#### Transitional provisions relating to unit trusts.
#### “Deposit-taker”, “deposit” and “relevant deposit”.
#### Exploration expenditure supplement
#### Allowances for expenditure on purchase of patent rights: post-31st March 1986 expenditure.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 548A: further definitions
#### Settlements made after 6th April 1965.
#### Application of section 739 and 740
#### Application of Income Tax Acts from year to year.
#### Interpretation of Income Tax Acts.
#### Old societies.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
#### Valuation of oil disposed of or appropriated in certain circumstances.
#### Relief for payments in respect of designs.
#### Relief for expenses.
#### Introductory.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax representatives.
#### Gifts of shares, securities and real property to charities etc
#### Sub-funds
#### The prescribed circumstances.
#### Certain distributions to be treated as income to which section 686 applies.
#### Earnings from associated employments.
#### Interpretation of the Corporation Tax Acts.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Interpretation of the Corporation Tax Acts.
#### Meaning of “UK property business” and “overseas property business”
#### Meaning of “research and development”.
#### Exemption for trade unions and employers’ associations.
#### Exemption for trade unions and employers’ associations.
#### Dividends paid to investment trusts.
#### Provisions supplementary to section 520.
#### Capital sums: . . . winding up or partnership change.
#### Life policies: chargeable events.
#### Introductory.
#### Life policies: computation of gain.
#### Information: supplementary provisions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying interests in land held jointly
#### Counselling services for employees.
#### Exemption from tax in respect of qualifying premiums.
#### Certain income not to be income of settlor etc.
#### Special provisions as to certain interests in residue.
#### Application to Scotland.
#### Meaning of “interest”, “transfers with or without accrued interest” etc.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Corporation Tax Acts.
#### Authorised unit trusts.
#### Introductory.
#### Information: supplementary provisions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The control and independence requirement
#### Qualifying counselling services etc.
#### Approval of schemes.
#### Cancellation of tax advantage.
#### Qualifying courses of training etc.
#### Termination of relief under this Chapter, and transitional provisions.
#### Interpretation.
#### Meaning of “interest”, “transfers with or without accrued interest” etc.
@@ -75212,167 +75242,823 @@
For the purposes of this Schedule a car is available to an employee at a particular time if it is then made available, by reason of his employment and without any transfer of the property in it, either to him or to others being members of his family or household.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Payments under discretionary trusts.
#### Territorial sea and designated areas.
#### Schedule E.
#### Section 37(4) and reductions in receipts under ITTOIA 2005
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Provisions supplementary to sections 100 and 101.
#### Tax credits for non-U.K. residents.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is neither an authorised unit trust nor an umbrella scheme ; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*”means a period beginning on or after 1st April 1987 over which income from the investments subject to the trusts is aggregated for the purposes of ascertaining the amount available for distribution to unit holders, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (6A) In this section “*umbrella scheme*” has the same meaning as in section 468.
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is not an authorised unit trust; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*” has the same meaning as in section 468, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
#### Building societies: incidental costs of issuing qualifying shares.
#### Relevant deposits: computation of tax on interest.
#### Non-resident policies and off-shore capital redemption policies.
#### The qualifying subsidiaries requirement
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Earnings from pensionable employment.
#### Treatment of price differential on sale and repurchase of securities.
#### Interpretation of section 730A.
#### Dealers in securities.
#### Manufactured dividends and interest.
#### Qualifying trade, profession or vocation
#### Adjustment of profits on averaging claim
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Levies and repayments under the Financial Services and Markets Act 2000: investment companies.
#### Costs of establishing share option or profit sharing schemes: relief.
#### Costs of establishing employee share ownership trusts: relief.
#### Charitable donations: contributions to agent’s expenses.
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### CHAPTER 1B — PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
### CHAPTER 1C — LIABILITY OF TRUSTEES
#### Cessation of approval: general provisions.
#### Cessation of approval: tax on certain schemes.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Receipts to be treated as income to which section 686 applies
#### Meaning of “settlement day” for purposes of sections 711 to 728.
#### Reduction in chargeable profits for certain financing income
#### Special rule for computing chargeable profits.
#### Imputation of chargeable profits and creditable tax of controlled foreign companies
#### Reduction in chargeable profits following an exempt period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Part IV — Disallowed debits and non-trading deficits
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Reduction in chargeable profits for certain financing income
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying vehicles
#### Employment
#### Qualifying vehicles
#### Costs of establishing share option or profit sharing schemes: relief.
#### Charitable donations: contributions to agent’s expenses.
#### Taxable premiums etc.
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introductory.
#### Life policies: chargeable events.
#### Information: supplementary provisions
#### Relief for individuals.
#### Qualifying counselling services etc.
#### Revocable settlements allowing reversion of property.
#### Settlements made before 7th April 1965 but after 9th April 1946.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of deemed sums and reliefs.
#### The prescribed circumstances.
#### Interest in default.
#### Nominees, trustees etc.
#### Sale and repurchase of securities.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### Change in ownership of company carrying on property business.
#### The approved amount: mileage allowance payments
#### The approved amount: mileage allowance payments
#### Qualifying companies
#### Tax year
#### Application of charges where rights to payments transferred.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested
#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested
#### The property managing subsidiaries requirement
#### Substituted retirement annuity contracts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of deemed sums and reliefs.
#### Variable interest rate.
#### Death.
#### Section 751A: supplementary
#### Apportionment of chargeable profits and creditable tax
#### Returns where it is not established whether acceptable distribution policy applies.
#### Tax year
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured interest on UK securities: general
### Manufactured interest on gilt-edged securities etc.
#### Amount of post-commencement supplement for a post-commencement period
#### Taxable premiums etc.
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Regulations in relation to qualifying policies
#### Effect of appointment or arrangements under section 659B.
#### Exemption from tax in respect of qualifying premiums.
#### Certain distributions to be treated as income to which section 686 applies.
#### Application of section 686D where settlor has made more than one settlement
#### Receipts to be treated as income to which section 686 applies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of unrealised interest.
#### Transfers of rights to receive distributions in respect of shares
#### Deemed manufactured payments in the case of stock lending arrangements.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Change in company ownership: postponed corporation tax.
#### Change in company ownership: corporation tax.
#### Sales etc. at an undervalue or overvalue.
#### Section 785B: expectation that relevant capital payment will not be paid
#### The approved amount: passenger payments
#### Introduction
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definition of insurance company.
#### Payments under discretionary trusts.
#### Share incentive plans: distributions in respect of unappropriated shares
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of section 737A.
#### Change in ownership of company carrying on property business.
#### Provision not at arm’s length.
#### Restriction of relief for payments of interest.
#### Tax year
#### Company vehicles
#### Employment
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “A significant amount of time”
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### “The individual’s contribution to the trade”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Ceasing to meet the trading requirement because of administration or receivership
#### Business entertaining expenses.
#### Appeals against Board’s notices under section 703.
#### Meaning of “interest”, “transfers with or without accrued interest” etc.
#### Exceptions from sections 713 and 714
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Exemption from sections 739 and 740 (transactions on or after 5th December 2005)
### Introductory
### Payments and other benefits to which section 148 applies
### Payments and other benefits excluded from charge under section 148
### Application of £30,000 threshold
### Exclusion or reduction of charge in case of foreign service
### Valuation of benefits
### Notional interest treated as paid if amount charged in respect of beneficial loan
### Giving effect to the charge to tax
### Reporting requirements
### Interpretation
#### Assets leased to traders and others.
#### The approved amount: passenger payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Supplemental provisions.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### Qualifying companies
#### Conditions for approval of retirement benefit schemes.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Prevention of avoidance of income tax.
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Company vehicles
#### Introduction
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Power to provide for manufactured payments to be eligible for relief.
#### No duplication of charge.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Employment
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Nominees, trustees etc.
#### Trading stock.
#### Exception for sale and repurchase of securities.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits for certain financing income
#### Reduction in chargeable profits: failure to qualify for exemptions
### The appropriate percentage
### Car with CO2 emissions figure
### The lower threshold
### Bi-fuel cars
#### Interpretation of credit code.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### The non-qualifying pool
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Manufactured dividends and interest.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation.
#### Amount of post-commencement supplement for a post-commencement period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Amount of post-commencement supplement for a post-commencement period
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schemes and arrangements designed to increase relief
#### Onshore pooling.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “The individual’s contribution to the trade”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Restriction on deduction of interest or dividends from trading income.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Change in company ownership: corporation tax.
#### Income treated as arising under section 761(1): remittance basis
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Territorial sea and designated areas.
#### Schedule E.
#### Section 37(4) and reductions in receipts under ITTOIA 2005
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Valuation of work in progress at discontinuance of profession or vocation.
#### Tax credits for non-U.K. residents.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is neither an authorised unit trust nor an umbrella scheme ; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*”means a period beginning on or after 1st April 1987 over which income from the investments subject to the trusts is aggregated for the purposes of ascertaining the amount available for distribution to unit holders, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (6A) In this section “*umbrella scheme*” has the same meaning as in section 468.
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is not an authorised unit trust; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*” has the same meaning as in section 468, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
#### Interest paid on deposits with banks etc.
#### Supplementary provisions.
#### Non-resident policies and off-shore capital redemption policies.
#### The qualifying subsidiaries requirement
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Earnings from pensionable employment.
#### Exchange gains and losses on sale and repurchase of securities
#### Persons entitled to exemptions.
#### Treatment of deemed sums and reliefs.
#### Deemed interest: cash collateral under stock lending arrangements
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Recovery of tax credits incorrectly paid.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction in chargeable profits following an exempt period
#### Reduction in chargeable profits following an exempt period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Arrangements to avoid section 812.
#### Mutual agreement procedure and presentation of cases under arrangements.
#### Schemes and arrangements designed to increase relief
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
#### About this Schedule
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Old references to standard rate tax.
#### Repayment supplements: companies.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The non-qualifying pool
#### About this Schedule
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Conventional basis: general charge on receipts after discontinuance . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Adjustment of profits on averaging claim
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Restriction of relief for payments of interest.
#### Recovery of tax credits incorrectly paid.
#### Old references to standard rate tax.
#### Reduction of United Kingdom taxes by amount of credit due.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “Annual value” of land.
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Supplement in respect of a pre-commencement accounting period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### Conventional basis: general charge on receipts after discontinuance . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to inspect documents.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Qualifying companies
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “Annual value” of land.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Allowable deductions.
#### Partners: meaning of “contribution to the trade”
#### Partners: meaning of “contribution to the trade”
#### Restriction on deduction of interest or dividends from trading income.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
@@ -75384,846 +76070,200 @@
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Costs of establishing share option or profit sharing schemes: relief.
#### Payments to trustees of approved profit sharing schemes.
#### Charitable donations: contributions to agent’s expenses.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### CHAPTER 1B — PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
### CHAPTER 1C — LIABILITY OF TRUSTEES
#### Section 591C: supplementary.
#### Tax credits under Part 1 of Tax Credits Act 2002
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#### Receipts to be treated as income to which section 686 applies
#### Meaning of “settlement day” for purposes of sections 711 to 728.
#### Reduction in chargeable profits for certain financing income
#### Special rule for computing chargeable profits.
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Reduction in chargeable profits following an exempt period
#### Partners: meaning of “contribution to the trade”
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#### Definitions.
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#### Repayment supplements: companies.
#### Local authorities.
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#### Introduction
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#### The approved amount: passenger payments
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#### Amount of post-commencement supplement for a post-commencement period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
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##### 468A
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##### 468A
- (1) In relation to an open-ended investment company the rate of corporation tax for the financial year 2005 and subsequent financial years shall be deemed to be the rate at which income tax at the lower rate is charged for the year of assessment which begins on 6th April in the financial year concerned (and section 13 shall not apply).
- (2) In this section “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
- (3) Each of the parts of an umbrella company shall be regarded for the purposes of this section as an open-ended investment company and the umbrella company as a whole shall not be so regarded (and shall not, unless an enactment expressly provides otherwise, be regarded as a company for any other purpose of the Tax Acts).
- (4) In subsection (3) “*umbrella company*” means an open-ended investment company—
- (a) in respect of which the instrument of incorporation provides arrangements for separate pooling of the contributions of the shareholders and the profits or income out of which payments are to be made to them, and
- (b) the shareholders of which are entitled to exchange rights in one pool for rights in another,
and a reference to part of an umbrella company is a reference to a separate pool.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
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#### Qualifying trade, profession or vocation
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#### About this Schedule
#### About this Schedule
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#### Meaning of “research and development”.
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#### How averaging claim is given effect
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#### About this Schedule
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#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
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#### Qualifying trade, profession or vocation
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#### Supplement in respect of a pre-commencement accounting period
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
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#### Introduction
#### The approved amount: mileage allowance payments
## Part IV — Disallowed debits and non-trading deficits
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Reduction in chargeable profits for certain financing income
#### Adjustment of profits on averaging claim
#### About this Schedule
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#### Qualifying vehicles
#### Employment
#### Company vehicles
#### Costs of establishing share option or profit sharing schemes: relief.
#### Charitable donations: contributions to agent’s expenses.
#### Taxable premiums etc.
#### Meaning of “the aggregate amount”
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#### The conditions for being an excepted group life policy
#### Calculation of certain amounts for purposes of sections 540, 542 and 545.
#### Information: supplementary provisions
#### Statutory redundancy payments.
#### Section 590: supplementary provisions.
#### Revocable settlements allowing reversion of property.
#### Settlements made before 7th April 1965 but after 9th April 1946.
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#### Treatment of deemed sums and reliefs.
#### Transfer of unrealised interest.
#### Exception for sale and repurchase of securities.
#### Nominees, trustees etc.
#### Treatment of price differential on sale and repurchase of securities.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### Change in company ownership: corporation tax.
#### Change in ownership of company carrying on property business.
#### The approved amount: mileage allowance payments
#### The approved amount: mileage allowance payments
#### Qualifying companies
#### Tax year
#### Treatment of receipts as earned income.
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#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested
#### Life policies: computation of gain.
#### The property managing subsidiaries requirement
#### Substituted retirement annuity contracts.
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#### Nominees, trustees etc.
#### Variable interest rate.
#### Information.
#### Relevant interests.
#### Determinations requiring the sanction of the Board.
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Tax year
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### Manufactured interest on UK securities: general
### Manufactured interest on gilt-edged securities etc.
#### Amount of post-commencement supplement for a post-commencement period
#### Taxable premiums etc.
#### Meaning of “the aggregate amount”
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#### Regulations in relation to qualifying policies
#### Effect of appointment or arrangements under section 659B.
#### Exemption from tax in respect of qualifying premiums.
#### Certain distributions to be treated as income to which section 686 applies.
#### Application of section 686D where settlor has made more than one settlement
#### Interpretation of section 686B
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#### Unrealised interest in default
#### Transfers of rights to receive distributions in respect of shares
#### Deemed manufactured payments: further provisions.
#### Provision not at arm’s length.
#### Change in company ownership: postponed corporation tax.
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Sales etc. at an undervalue or overvalue.
#### Section 785B: expectation that relevant capital payment will not be paid
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#### Introduction
#### The approved amount: mileage allowance payments
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#### Other approved contracts.
#### Supplementary provisions as to absolute interests in residue.
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#### Prevention of avoidance of income tax.
#### Assets leased to traders and others.
#### Leased assets subject to hire-purchase agreements.
#### Restriction of relief for payments of interest.
#### Tax year
#### Company vehicles
#### Employment
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#### “A significant amount of time”
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### “A significant amount of time”
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#### Relief for individuals.
#### Business entertaining expenses.
#### Appeals against Board’s notices under section 703.
#### Interest in default.
#### Exceptions from sections 713 and 714
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#### Application of sections 741 and 741A
#### Supplemental provisions.
### Introductory
### Payments and other benefits to which section 148 applies
### Payments and other benefits excluded from charge under section 148
### Application of £30,000 threshold
### Exclusion or reduction of charge in case of foreign service
### Valuation of benefits
### Notional interest treated as paid if amount charged in respect of beneficial loan
### Giving effect to the charge to tax
### Reporting requirements
### Interpretation
#### Meaning of “asset”, “capital sum” and “lease” for purposes of sections 781 to 784.
#### The approved amount: passenger payments
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#### Qualifying companies
#### About this Schedule
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#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Power to obtain information.
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#### About this Schedule
#### About this Schedule
#### Qualifying companies
#### Cessation of approval: general provisions.
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#### No duplication of charge.
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Company vehicles
#### Introduction
#### The non-qualifying pool
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#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
#### Liability of non-transferors.
#### Transfers of rights to receive distributions in respect of shares
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#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Introduction
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#### Tax credits under Part 1 of Tax Credits Act 2002
#### Sale and repurchase of securities.
#### Trading stock.
#### Dealers in securities.
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#### Section 751A: supplementary
#### Reduction in chargeable profits: failure to qualify for exemptions
### The appropriate percentage
### Car with CO2 emissions figure
### The lower threshold
### Bi-fuel cars
#### Interpretation of credit code.
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#### Supplement in respect of a post-commencement period
#### The non-qualifying pool
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#### Qualifying companies
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#### Manufactured dividends and interest.
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#### Interpretation.
#### Amount of post-commencement supplement for a post-commencement period
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#### About this Schedule
#### Amount of post-commencement supplement for a post-commencement period
#### About this Schedule
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#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Qualifying companies
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#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
#### Interest: special relationship.
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### Supplement in respect of a post-commencement period
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#### “The individual’s contribution to the trade”
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#### Utilisation of eligible unrelieved foreign tax.
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
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#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
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#### Change in company ownership: corporation tax.
#### Income treated as arising under section 761(1): remittance basis
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#### Interpretation of the Tax Acts.
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#### About this Schedule
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
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#### Recovery of tax credits incorrectly paid.
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
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#### Reduction in chargeable profits following an exempt period
#### Section 751A: supplementary
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#### The Arbitration Convention.
#### Application of Income Tax Acts from year to year.
#### Schemes and arrangements designed to increase relief
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
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#### The non-qualifying pool
#### About this Schedule
#### About this Schedule
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#### Dividends paid out of transferred profits.
#### Repayment supplements: companies.
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#### Accounting periods
#### The non-qualifying pool
#### About this Schedule
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
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#### Conventional basis: general charge on receipts after discontinuance . . . .
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#### Arrangements to avoid section 812.
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#### Introduction
#### Adjustment of profits on averaging claim
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
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#### Restriction of relief for payments of interest.
#### Mutual agreement procedure and presentation of cases under arrangements.
#### Old references to standard rate tax.
#### Reduction of United Kingdom taxes by amount of credit due.
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#### “Annual value” of land.
#### How averaging claim is given effect
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#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Supplement in respect of a pre-commencement accounting period
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#### Accounting periods
#### Conventional basis: general charge on receipts after discontinuance . . . .
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#### Power to inspect documents.
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#### Interpretation of this Act.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Qualifying companies
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
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#### Meaning of “investment LLP” and “property investment LLP”
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#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Allowable deductions.
#### Partners: meaning of “contribution to the trade”
#### Partners: meaning of “contribution to the trade”
#### Restriction on deduction of interest or dividends from trading income.
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
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#### Qualifying trade, profession or vocation
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#### The approved amount: passenger payments
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#### About this Schedule
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#### Accounting periods
#### The non-qualifying pool
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#### Supplement in respect of a post-commencement period
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#### Restriction on relief: companies.
#### Meaning of “relevant loss” in section 118ZN
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#### Definitions.
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#### Repayment supplements: companies.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
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#### Introduction
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#### Amount of post-commencement supplement for a post-commencement period
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#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
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##### 468A
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##### 468A
- (1) In relation to an open-ended investment company the rate of corporation tax for the financial year 2005 and subsequent financial years shall be deemed to be the rate at which income tax at the lower rate is charged for the year of assessment which begins on 6th April in the financial year concerned (and section 13 shall not apply).
- (2) In this section “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
- (3) Each of the parts of an umbrella company shall be regarded for the purposes of this section as an open-ended investment company and the umbrella company as a whole shall not be so regarded (and shall not, unless an enactment expressly provides otherwise, be regarded as a company for any other purpose of the Tax Acts).
- (4) In subsection (3) “*umbrella company*” means an open-ended investment company—
- (a) in respect of which the instrument of incorporation provides arrangements for separate pooling of the contributions of the shareholders and the profits or income out of which payments are to be made to them, and
- (b) the shareholders of which are entitled to exchange rights in one pool for rights in another,
and a reference to part of an umbrella company is a reference to a separate pool.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
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#### Qualifying trade, profession or vocation
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#### About this Schedule
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#### Meaning of “research and development”.
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#### How averaging claim is given effect
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#### About this Schedule
#### Accounting periods
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
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#### Meaning of “research and development”.
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#### Qualifying trade, profession or vocation
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#### Supplement in respect of a pre-commencement accounting period
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
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#### Introduction
#### Adjustment of profits on averaging claim
#### About this Schedule
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2006-12-31
Income and Corporation Taxes Act 1988
2006-12-26
Income and Corporation Taxes Act 1988
2006-12-12
Income and Corporation Taxes Act 1988
2006-12-06
Income and Corporation Taxes Act 1988
2006-08-11
Income and Corporation Taxes Act 1988
2006-07-19
Income and Corporation Taxes Act 1988
2006-06-09
Income and Corporation Taxes Act 1988
2006-04-06
Income and Corporation Taxes Act 1988
2006-04-01
Income and Corporation Taxes Act 1988
2006-03-22
Income and Corporation Taxes Act 1988
2006-01-06
Income and Corporation Taxes Act 1988
2005-12-27
Income and Corporation Taxes Act 1988
2005-12-05
Income and Corporation Taxes Act 1988
2005-11-01
Income and Corporation Taxes Act 1988
2005-10-05
Income and Corporation Taxes Act 1988
2005-09-27
Income and Corporation Taxes Act 1988
2005-08-12
Income and Corporation Taxes Act 1988
2005-08-11
Income and Corporation Taxes Act 1988
2005-08-03
Income and Corporation Taxes Act 1988
2005-07-24
Income and Corporation Taxes Act 1988
2005-07-20
Income and Corporation Taxes Act 1988
2005-06-08
Income and Corporation Taxes Act 1988
2005-04-07
Income and Corporation Taxes Act 1988
2005-04-06
Income and Corporation Taxes Act 1988
original version
Text at this date